When will the IRS focus on NIL payments?

[BWRhasnoAC]

Didn't say people shouldn't be rewarded for their labor. Hell that's why I got my ISU degree!
But the person/group/entity that provides the capital have right to a businesses profits. Labor can choose if that's the right workplace for them. If not, move to a new employer.

In your example, if a carpenter wants to be a business owner, they are providing the capital to start/grow the business and their labor sustains the business. But the carpenter's initial capital investment bought the tools, truck, store front, etc. to start the business. The owner of the carpentry business decides who their workers are and what they are paid. They earned that right by making the initial capital investment.

With athletes, they have the right to maximize their value. I just feel that should be professional sport development leagues. The collegiate sport model should provide a full ride scholarship (valued at $40k-$60K annually for approximately 1,800 hours of labor) and on the side the athlete can market their NIL (no university involvement).

Proud of you for responding without insulting me again. This is off topic for the thread so I will abstain from derailing further.

 

[BWRhasnoAC]

I never liked the pay for play idea, but what we have now is just the worst of all worlds.

And you have to think that the administrators like it this way. When the day comes that universities simply have to treat them as employees, which seems likely at this point, those funding needs will compete within departments with other spending like salaries for coaches and administrators, which will likely slow the growth of those salaries if not see them decline

All it does now is cap their earning potential. Not every player deserves big money, but you can't tell me these kids aren't professionals. Are they representing the universities or not? Are they held to professional standards without proper compensation? Did they not invest in their bodies? Absolutely IMO.

 

[cyIclSoneU]

Easy way around it:

Pay the athletes as employees of the collective and have the collective concentrate on doing charity work/programs.

Would be funny if this happened and then the We Will "employees" (football/basketball players) unionized and threatened to stop playing games without getting paid more.

 

[isucy86]

I never liked the pay for play idea, but what we have now is just the worst of all worlds.

And you have to think that the administrators like it this way. When the day comes that universities simply have to treat them as employees, which seems likely at this point, those funding needs will compete within departments with other spending like salaries for coaches and administrators, which will likely slow the growth of those salaries if not see them decline

I don't think that would be the worst thing. Have sport specific expense caps and schools can choose where the annual budget goes: coaches, players, facilities, scholarships, travel, etc.

I bet most college head coaches would do the job for $500K/year. Especially, if the year round aspect of the sport were cleaned up.

As a fan, I don't feel like I benefit from the big money aspects of college athletics. In many cases it has made it worse as conferences have become so spread out, traditional rivalries lost and game times aren't known until a couple weeks prior.

Heck with the advent of technology, it's not all that difficult to televise sporting events worldwide with minimal production costs. Just look at Iowa state HS championships and ability to watch and quality is good.

 

[Mr.G.Spot]

You said that capitol was all that gave people the right to be rewarded. A small business like a carpenter makes money off their services, which are typically labor driven. Selling their labor. Which means it has value. How can you claim that someone doesn't have the right to be rewarded for their labor?

They're not employees, so what are they?

capital

Currently they are 1099 individuals

 

[IcSyU]

I bet most college head coaches would do the job for $500K/year. Especially, if the year round aspect of the sport were cleaned up.

Not a chance unless by most college coaches you mean the whole ton who aren't P5.

 

[MartyFine]

 

[isufbcurt]

First Amendment? How do they think the First Amendment applies to compensation a person receives?

It's no ones business what a client pays me. It's no ones business what I pay someone for "marketing" my business. Etc.

 

[Mr Janny]

Additional information:

Texas Gov. Greg Abbott signs transformative NIL bill

Add Texas to the list of states that have signed sweeping NIL reform on the local level aimed directly at bypassing oversight by the NCAA.

www.on3.com

Long story short, the law effectively neuters the NCAA in enforcement, which is saying something because they have very little power to begin with.

It's not surprising, but anyone holding out hope for a federal law to come to the rescue, don't hold your breath. Even if it passes, which is not terribly likely, it still has to navigate state laws, which almost certainly will push back.