Nil estimates

[albanycuse]

 

[OrangeAl]

hmmm...When did the NCAA get in the business of estimating NIL funds - and releasing that information to the public?
I don't question the information but I question the source's identification.

 

[albanycuse]

hmmm...When did the NCAA get in the business of estimating NIL funds - and releasing that information to the public?
I don't question the information but I question the source's identification.

Honestly, I think they are spending more.

 

[orangenauburn]

Honestly, I think they are spending more.

Yup. That's what they are willing to admit

Hello IRS

 

[upperdeck]

Lots of money went to do nothing for many teams.

Also is this for FB or all sports?

 

[albanycuse]

Lots of money went to do nothing for many teams.

Also is this for FB or all sports?

Football

 

[albanycuse]

 

[albanycuse]

Then he says this so it leads me to believe the whole list is off .

 

[upperdeck]

what Did virginia spend so much money on?

 

[albanycuse]

what Did virginia spend so much money on?

Football nil (estimated)

 

[MamesJungro]

Yup. That's what they are willing to admit

Hello IRS

Anyone know how these playments are classified to IRS? Are they exempt donations?

 

[upperdeck]

Anyone know how these playments are classified to IRS? Are they exempt donations?

why would they be exempt? You are paying for a service rendered.

 

[rrlbees]

 

[MamesJungro]

why would they be exempt? You are paying for a service rendered.

The university is tax exempt and I assume many of the collectives are too?

 

[Idiocuse22&]

View attachment 247626
Then he says this so it leads me to believe the whole list is off .

Yea, what a dumb thing to report...some of my report is off i know, so it could all be off. I really have no clue. Just keep on clicking and read stuff thats not true.

 

[pokercuse08]

View attachment 247628

So basically they pulled some numbers out of their asses after some boosters bragged to them.

 

[rrlbees]

So basically they pulled some numbers out of their asses after some boosters bragged to them.

Sounded like a lot of word salad.

 

[mscanlo]

granted the numbers are growing rapidly, but this past spring I was told the number was $5 to $8M for most top programs to assemble their rosters

 

[kcsu]

View attachment 247625

So only 4 of these teams did better than Syracuse

 

[JarHeadJim]

Sounded like a lot of word salad.

 

[All4SU]

The university is tax exempt and I assume many of the collectives are too?

You can’t write off ticket expenses. NIL monies are intended for individuals (players) who now have to claim it all as personal income. None of this is tax deductible.

 

[richmondcuse03]

You can’t write off ticket expenses. NIL monies are intended for individuals (players) who now have to claim it all as personal income. None of this is tax deductible.

Correct most collectives are not non profits. A few like athletes who care are and those donations are deductible. SU football NIL is not.

However donations to the school are…and with revenue sharing, giving to the AD, which they may use to fund player salaries, will be. It’ll be helpful for schools where donors care about deductions. With big amounts, most do.

 

[MamesJungro]

Correct most collectives are not non profits. A few like athletes who care are and those donations are deductible. SU football NIL is not.

However donations to the school are…and with revenue sharing, giving to the AD, which they may use to fund player salaries, will be. It’ll be helpful for schools where donors care about deductions. With big amounts, most do.

Would imagine there is an army of lawyers and accountants out there across the P4 making sure these qualify as deductible donations

 

[Newhouser]

granted the numbers are growing rapidly, but this past spring I was told the number was $5 to $8M for most top programs to assemble their rosters

That number just seems woefully shy now. Didn't it get confirmed that UNC and Bama matched BYU for 5 million for one hoop player?

 

[4evaOrange]

This is NIL money as a collective…? Not just football, across all sports correct?