It’s not targeting the athletes - they should be paying taxes on the income regardless of what the collective has to do.
When will the IRS focus on NIL payments?
- Thread starter cloneonledge
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Yet here we are lobbying resources for their enforcement but the corporations will never pay theirs.
Two separate issues that could both be handled in parallel. I’m all for corporate tax reform and consider it a top priority given the direction our education, healthcare, and infrastructure are headed.
I don’t really care about collectives but feel overall tax exempt status should also be reformed. A collective isn’t doing a charitable service so should have to pay taxes just like any other marketing company.
I kind of thought when NIL became a thing was to organize a talent agency for the players. Because essentially, that’s kind of what they are doing now, making appearances at non-profits.
We only do it this way because our fans are so freaking cheap they won't donate otherwise. I honestly don't care if they do or don't. Just sick of the head hunting when corporations and hugely rich people still never have to pay the piper.
IMO that is a pretty selective statement. There are a lot of instances where the people who do critical work are not fairly compensated.
If universities can make legal/financial sense of student-athletes being employees and making a "livable" wage ($20-$30/hour), then I am good with that arrangement.
But I feel the real intent of the adults driving employee status is revenue sharing this enriching the guys leading the movement, agents and a maybe 5% of all student athletes.
IMO the key is options for young athletes and that should fall on the professional sport billionaires who hold communities hostage to fund their billion dollar stadiums.
Shouldn't our legal system protect HS grads ability to jump directly to the NFL, NBA, MLB, WNBA, etc? Pretty sure the NBA and NFL would develop a robust minor league system to ensure when they drafted the next Lebron or Durant they had a development system to maximize the kids potential like MLB has.
The good thing, the NBA is eliminating the age restriction and we are seeing entities like G-League and Overtime Elite emerging in basketball.
We’re definitely keeping an eye on this and have plans in place if needed. I do like to think we are serving the community and doing good as well as We Will has partnered with 20+ non profits and the Cyclones are doing legitimate work that particularly has benefited youth in central Iowa. But I understand the skepticism
It's whatever the market dictates. I just think it's hippocrisy from these universities.
We have much bigger fish to fry in this country anyways. I don't pity the universities and NCAA who drug their feet on this for decades and now want to fight any progress at all costs.
Nothing.
I was responding to your post about colleges "paying players their worth".
Colleges paying players and NIL are two entirely different things. If colleges pay players it would mean they are employees, which is what I posted about.
NIL should always be separate from the schools and market driven.
They will wait 8 years until all the money is spent, then come after the players. That’s how that crooked organization works
Ever notice how the super rich screech about what the people on the bottom make but doing the opposite is anti capitalism?
Who's the super rich you are complaining about? Universities, me, capitalism? You do understand capitalism is rooted in the person providing the capital being rewarded, not the worker.
I would agree college athletics has lost its way and greed rules. But I would argue for spending caps by sport and excess athletic department revenues transferred back to the universities general fund.
If athletes feel their on field/court/mat/etc. worth is greater than scholarship value, then they should be able to compete professionally right out of HS. If the billionaire professional sport team owners funded their own minor league system- then athletes could determine their worth.
Serfdom means labor doesn't have options- they are tied to the land/job. With capitalism labor can form a union (which would happen with college athletes) and have choices where they work (why we have schools like Iowa State- get educated, get a good job).
I hope you are not an ISU grad with your knowledge of economics and business principles.
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?
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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).
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