NIL

[Reilly35]

BC’s Zay Flowers Says He Turned Down Huge NIL Transfer Offers - Sports Illustrated

The star wideout spurned the transfer portal to remain at Boston College for his senior season.

www.si.com

 

[Reilly35]

Texas RB Bijan Robinson Lands Lamborghini NIL Deal - Sports Illustrated

This partnership is Robinson’s sixth NIL deal so far in his two-year college football career.

www.si.com

 

[IthacaMatt]

Texas RB Bijan Robinson Lands Lamborghini NIL Deal - Sports Illustrated

This partnership is Robinson’s sixth NIL deal so far in his two-year college football career.

www.si.com

Wow. The countdown is on.

 

[sutomcat]

Wow. The countdown is on.

Wow indeed.

Are these car deals all leases? Guessing the answer is yes.

Guessing the feds will determine what the fair leasing price is per month for a given car and extend it for whatever amount of time the athlete had the car during a given year.

Just googled the price of leasing a Lamborghini per month. They start about $2700.

So assuming the deal goes into effect mid month, the lease cost he is looking at should be at least $17K.

I am assuming that is considered income he has to pay taxes on. Is that correct? Is 38% a good number for this? Could he be on the hook for over $6K for accepting this for a little over 6 months?

How much does it cost to lease a Lamborghini?

Developed in response to customer request, Lamborghini has partnered with a company that specializes in leasing exclusive, luxury and exotic cars. So how much does it cost to live the dream?

auto.howstuffworks.com

 

[Cuse'91]

Wow indeed.

Are these car deals all leases? Guessing the answer is yes.

Guessing the feds will determine what the fair leasing price is per month for a given car and extend it for whatever amount of time the athlete had the car during a given year.

Just googled the price of leasing a Lamborghini per month. They start about $2700.

So assuming the deal goes into effect mid month, the lease cost he is looking at should be at least $17K.

I am assuming that is considered income he has to pay taxes on. Is that correct? Is 38% a good number for this? Could he be on the hook for over $6K for accepting this for a little over 6 months?

How much does it cost to lease a Lamborghini?

Developed in response to customer request, Lamborghini has partnered with a company that specializes in leasing exclusive, luxury and exotic cars. So how much does it cost to live the dream?

auto.howstuffworks.com

It's probably a "dealer car." Kid gets to drive it for several months; then they can still sell it as a "new" car, since it has never been sold previously. Dealership takes a slight hit on sales price due to an extra few thousand miles on the odometer.

 

[sutomcat]

It's probably a "dealer car." Kid gets to drive it for a several months; then they can still sell it as a "new" car, since it has never been sold previously. Dealership takes a slight hit on sales price due to an extra few thousand miles on the odometer.

I'll buy that. That looks at things from the perspective of the dealer.

I am more interested in things from the perspective of the player. How does accepting this affect the player?

 

[Cuse'91]

I'll buy that. That looks at things from the perspective of the dealer.

I am more interested in things from the perspective of the player. How does accepting this affect the player?

Heard from car people that only "employees" can have access to dealer cars(e.g. owner, general manager). Lots of times, family members get them too, although that is technically not allowed. Loophole is make your children or the RB in this case, an "employee" for a few months, I guess.
Don't think there should be any taxable benefits attached for the player even.

 

[MSOrange]

College coaches, leaders share candid thoughts on future of NIL: 'We all feel like there's no rules'

The NCAA is expected to step in with an actual NIL policy, but is it too late?

www.cbssports.com

 

[rrlbees]

 

[orange79]

A good first step. We'll see if it has any teeth.

 

[rrlbees]

A good first step. We'll see if it has any teeth.

Make everything retroactive going back to July 1 last year.

 

[upperdeck]

makes everything interesting in the way people talk with kids and parents now.. some of it was in place before for STH but pretty much ignored.

 

[Newhouser]

A good first step. We'll see if it has any teeth.

Legal threats start in 3, 2, 1...

 

[orangepassion]

Fissures already appearing after NCAA's attempted crackdown on NIL from boosters, collectives

Enforcing its updated rules will be a tall task for the NCAA

www.cbssports.com

 

[IthacaMatt]

Make everything retroactive going back to July 1 last year.

Not Constitutional, actually. IIRC, the language says "There shall be no ex post facto laws." Although that may be in the Declaration, rather than the Constitution.

 

[rrlbees]

Not Constitutional, actually. IIRC, the language says "There shall be no ex post facto laws." Although that may be in the Declaration, rather than the Constitution.

Boosters recruiting has always been illegal.

 

[sufandu]

It's easy enough for boosters to recruit without technically recruiting. You simply start negotiating a deal with a guy and negotiations continue until after he signs. You don't actually ever say you'll pay him to come to your school. You simply keep negotiating until he signs. If he doesn't sign with your school, negotiations simply fall apart and you were never able to come to terms on a deal.

 

[IthacaMatt]

Boosters recruiting has always been illegal.

Maybe, but you can't make up a new set of rules that punish past, arguably-unregulated acts.

 

[rrlbees]

Maybe, but you can't make up a new set of rules that punish past, arguably-unregulated acts.

Huh? NCAA investigations have always been for transgressions in the past. And it’s not a new rule that boosters can’t pay an athlete to go to X school.

 

[IthacaMatt]

Huh? NCAA investigations have always been for transgressions in the past. And it’s not a new rule that boosters can’t pay an athlete to go to X school.

Back last July, they issued an official statement on NIL that appears to give Boosters the opportunity to "invest" through collectives. So, it's going to be pretty hard to "make illegal" something that they already approved, before they realized how big it was going to get.

Here's FiveThirtyEight's take on NIL and any NCAA talk of "regulation" and enforcement. About 1/3 of the way down the article is the link to the NCAA's July 1, 2021 guidance on NIL to member institutions.

So, making a new rule to punish past behavior that was not illegal is not likely to succeed, if the schools or booster organizations want to test it in court.

The NCAA Doesn’t Know How To Stop Boosters From Playing The NIL Game

The NCAA doesn't know what to do with NIL collectives.

fivethirtyeight.com

 

[IthacaMatt]

Back last July, they issued an official statement on NIL that appears to give Boosters the opportunity to "invest" through collectives. So, it's going to be pretty hard to "make illegal" something that they already approved, before they realized how big it was going to get.

Here's FiveThirtyEight's take on NIL and any NCAA talk of "regulation" and enforcement. About 1/3 of the way down the article is the link to the NCAA's July 1, 2021 guidance on NIL to member institutions.

So, making a new rule to punish past behavior that was not illegal is not likely to succeed, if the schools or booster organizations want to test it in court.

The NCAA Doesn’t Know How To Stop Boosters From Playing The NIL Game

The NCAA doesn't know what to do with NIL collectives.

fivethirtyeight.com

Here's the NCAA statement. The key parts are toward the end of the 2nd page.

https://ncaaorg.s3.amazonaws.com/ncaa/NIL/NIL_QandA.pdf

 

[IthacaMatt]

Huh? NCAA investigations have always been for transgressions in the past. And it’s not a new rule that boosters can’t pay an athlete to go to X school.

Boosters can't do it directly to entice players in "pay for play" offers. But the NCAA approved booster collectives before they knew how far it could go.

 

[rrlbees]

Boosters can't do it directly to entice players in "pay for play" offers. But the NCAA approved booster collectives before they knew how far it could go.

You are confusing collectives paying to currently enrolled players and prospective recruits.

 

[IthacaMatt]

You are confusing collectives paying to currently enrolled players and prospective recruits.

I'm just telling you what the article says.

 

[rrlbees]

I'm just telling you what the article says.

The article doesn’t say boosters can pay recruits. It’s been illegal and still is.