Class of 2022 - SG Chance Westry (PA / AZ Compass Prep) TRANSFERRING TO SYRACUSE (4/17/23) | Page 70 | Syracusefan.com

Class of 2022 SG Chance Westry (PA / AZ Compass Prep) TRANSFERRING TO SYRACUSE (4/17/23)

The NIL is the end of true amateur college athletics as I / we knew them, flawed as they may have been.
Not all change is good, I’d say this is the prototypical example of a bad change.

I am not against the free market, I’m against the end of true amateur sports.
It was wonderful while it lasted!
 
ORANGE OATH said:
The NIL is the end of true amateur college athletics as I / we knew them, flawed as they may have been.
Not all change is good, I’d say this is the prototypical example of a bad change.

I am not against the free market, I’m against the end of true amateur sports.
It was wonderful while it lasted!
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It ended a long time ago.
 
ORANGE OATH said:
The NIL is the end of true amateur college athletics as I / we knew them, flawed as they may have been.
Not all change is good, I’d say this is the prototypical example of a bad change.

I am not against the free market, I’m against the end of true amateur sports.
It was wonderful while it lasted!
Expand...

Well said.
 
I truly believe if we wanted this kid he would’ve come here the fact that he hasn’t committed tells me that thanks to someone else in this thread we probably don’t want him.
 
maxxyz said:
So if a student athlete is receiving a vehicle in return for an endorsement, who is paying the income tax on that perk? Even if its considered a lease for three years, that's $15,000-$20,000 of taxable income.
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I’m just guessing here but maybe the car Dealer could amortize it as an annual gift - somewhere near the $15000 / yr threshold and avoid tax.
 
althea said:
Yeah. Another aspect that’s lost in this is a 20 year old male with a car that puts out about 720 hp. What could go wrong?
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Sadly it's the new thing. I am part of a Hellcat Car Club- and these days 80 pct of the new members are 24 or younger...
 
Capt. Tuttle said:
Yeah: let the adults with jobs make all the money and the kids sacrificing their bodies get peanuts. SU isn’t getting ANY recruits LSU wants, so what does it matter.
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it’s not the NIL. It’s gonna be a recruiting tool.
 
bnoro said:
Well if SU has a car dealer that wants to do this, they're more than welcome to.
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since one of the driving reasons for NIL for athletes was that the music major etc could go out and make money, when will the bennies received by athletes only be rescinded? Things like the monthly stipend they receive for full cost of attendance which amounts to about $4k - $6k depending upon the school. Or the 24/7 meal plan. Or the basically unlimited athletic apparel? Or the ability to still get a pell grant even though everything is paid for? Or the road trip additional meal money (JB talked about this but I didn’t fully understand). I’m sure there are a couple I am forgetting that are benefits to athletes only. When can the regular student start screaming for these?
 
Capt. Tuttle said:
Of course it’s a recruiting tool: it’s just gone public. They can pay what they want and call it NIL. Of course, the kids will now have to pay taxes.
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It can't be said enough. These kids were getting all this stuff before. The difference is they were forced to commit tax fraud so the schools could remain NCAA compliant.

Now its out in the open and above board. High school kids aren't accepting money they could get in trouble for not paying taxes on. College basketball hasn't been amateur in at least the last 60 years, its been a free market since the 60's that I know of and probably before that.
 
bnoro said:
Well if SU has a car dealer that wants to do this, they're more than welcome to.
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From what i remember back in the day, SU did do things like this. I remember players driving nice cars and folks gave a wink & a nod cause we all knew what was going on.
Now it’s out in the open minus the hypocrisy, so at least there’s that.
 
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rrlbees said:
since one of the driving reasons for NIL for athletes was that the music major etc could go out and make money, when will the bennies received by athletes only be rescinded? Things like the monthly stipend they receive for full cost of attendance which amounts to about $4k - $6k depending upon the school. Or the 24/7 meal plan. Or the basically unlimited athletic apparel? Or the ability to still get a pell grant even though everything is paid for? Or the road trip additional meal money (JB talked about this but I didn’t fully understand). I’m sure there are a couple I am forgetting that are benefits to athletes only. When can the regular student start screaming for these?
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Regular students can scream for those benefits when they're responsible for millions of dollars that the university rakes in. I still struggle to see what's wrong with a kid with hundreds of thousands of followers using their brand to make money.

There are plenty of children and teens raking in dough right now because of social media. But an athlete can't use their name recognition to do the same?
 
maxxyz said:
So if a student athlete is receiving a vehicle in return for an endorsement, who is paying the income tax on that perk? Even if its considered a lease for three years, that's $15,000-$20,000 of taxable income.
Expand...
Dollars would be a lot more than that. That could be a 100k car. Not even sure you can lease that. It might be buy only. That's ok, if they are going to give a player that kind of car, he'll get all the help he needs with taxes, etc.
 

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