Now that players can profit off of their likeness, recruiting is going to drastically change. Or at least be more transparent with money changing hands between boosters and players/recruits.
With all that being said this is out chance as part of TKP community to legally influence VT Recruiting (besides tweeting at recruits). Let's start pooling donations for 2 years and use it for an "appearance" fee on a recruit we all really want in the new future, when it becomes legal! If we start pooling now I think we can outbid the "big dogs"
Anybody have thoughts on what kind of account we can start putting the money in?
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This is exactly what I am saying! We can literally buy a recruit by crowd funding 10 dollars at a time via a TKP. His requirement? Provide a post game interview exclusively to TKP.
Just start a VT Go-Fund-Me for recruiting "expenses"
Any chance TKP can use likenesses? Not just revenue sports. We seem to have a burgeoning wrestling, baseball, soccer fandom/interest
Seems to me that nobody will know exactly how to exploit the rules until they're spelled out.
But exploited they will be.
- Yoda
How is this going to make it more transparent? It might make it lawful but unless there are laws passed by government that states players having tk publicly disclose income I see no reason why this is going to make payments transparent. If anything it's going to make the ways players are paid more varied and less transparent, except for taxes which they hopefully pay.
Depends on the rules the NCAA lays out.
They could have a reporting requirement of some kind.
On personal income? They might try. No way it holds up now. Pandora's box is open. Unless government passes a law that requires it.
Besides the law that CA is pushing is about players having the freedom to make money on their likeness, not to have the NCAA regulate money players make on their likeness. As soon as they pass it it doesn't matter what rules the NCAA tries to push on players.
Would be no different than drug testing, criminal records, academic eligibility, or test scores.
The NCAA set it's own eligibility requirements to participate in college sports.
Has nothing to do with additional laws. There's no law that says you can't ask people to report their income or income sources that I know of. Doesn't have to be reported publicly.
Drugs are against the law. Big difference.
Committing crimes is by definition against the law. Big difference.
Academic performance and test scores are a product of the school you are in, administered and reported by that school's employees. Big difference.
The NCAA can attempt to say athletes need to report but what justification do they have? It's money being made between themselves and a 3rd party private business. If I am paying a kid for their likeness I just include a non-disclosure agreement. Sorry NCAA that player is contractually obligated not to disclose to you. Done.
Alls I know is that so many kids are gonna get audited with all the extra money flying around.
Finally the NCAA is thinking about those poor tax lawyers.
Wouldn't it be earned income? Once it becomes legal and players are getting paid you better believe Uncle Sam is going to want his cut. The NCAA may be Spineless but the IRS isn't
This will provide the IRS the perfect opportunity to open up all kinds of cans of worms with college athletics.
Can't wait to see how, say, miniature golf courses, etc provided for free to certain "students" - who also gain utility from their athlete status - are justified as a charitable contribution deserving of tax exempt status.
I have two questions
Let's hypothetically say iris possible this year:
1) Who do you think is getting significantly paid?
2) How much do you realistically think they are making?
1. I think you would see lots or "promises" being made to recruits, I think the same shananigans that are going on now will continue. Just like the NFL the top 10% or so will do pretty well. I think only Heisman hopefuls will approach anything around $1mil plus unless companies can do Shoe deals and such.
There are going to be a lot of NCAA players endorsing churches in the south.
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