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MontgomeryTexasHokie
Joined: 10/07/1999
Posts: 2,732
Likes: 5,118
MontgomeryTexasHokie
Founder

Beyond the likelihood the government gets involved……

I really think the pieces are in place for this NIL stuff to implode. There’s no Mercedes dealership gonna pass out G wagon leases for an entire recruiting / portal class even in Austin or College Station. At some point there’s no squeal left in the pig and imo we are rapidly approaching that threshold. We’ve gone from trying to put some much needed funds into deserving young athletes to a mini-draft w significant signing bonuses. This has serious tax implications - at least to me. If the dealership is writing these lease (loss) costs off, what is the tax treatment of that vs what the dealership got from the school? If the lease value is > $15,000 ($17k might be the new cap) per year who is paying the gift tax above that amount? Is the lease value viewed as income since it is being paid/given the lease amount? Insurance and maintenance - who is paying that. Need a tax guy on here to detail “how” the government could treat all parties. MTH
Posted: 01/21/2024 at 02:21 PM ET
(In response to this post by GreenvilleVT)

Thread Replies (37)

Full Thread →
Heard a great nil story yesterday.
GreenvilleVT • 01/21/24 09:37 AM ET
Where is NIL money coming from?
kinghokie • 01/21/24 07:28 PM ET
There’s a lot of wealth in SC that’s been generated by huge population
GreenvilleVT • 01/22/24 09:06 AM ET
I really like to hear "NIL failure stories" such as this one. SC is the one
FLKEYSHOKIE • 01/21/24 04:45 PM ET
SEC - stupid people with money**
Hokie1992 • 01/21/24 03:40 PM ET
B1X - stupid people with more money**
EDGEMAN • 01/21/24 05:36 PM ET
Old ( B1G) and New (SEC) money. Still the same stupid**
Hokie1992 • 01/21/24 06:09 PM ET
Yep. Stupid is as stupid does.**
seacain • 01/21/24 10:17 PM ET
And he is not good oh well what does that matter!***
sacramento hokie • 01/21/24 03:22 PM ET
Interesting if true - NFL QB median 2.5 mil**
Concord Dan • 01/21/24 02:39 PM ET
Beyond the likelihood the government gets involved…… ◄
MontgomeryTexasHokie • 01/21/24 02:21 PM ET
I am blown away by the "business men" flushing money down the toilet.**
TekkNerd • 01/21/24 02:53 PM ET
Pretty much no correlation with being rich and being intelligent**
Synaesthesia • 01/21/24 07:20 PM ET
I mean….sometimes yes
Zanderhokie • 01/21/24 07:33 PM ET
One interesting side effect of NIL
Zanderhokie • 01/21/24 06:49 PM ET
Helps to explain the high failure rate of businesses. A lot succeed in
TOUGH TURKEY • 01/21/24 07:33 PM ET
Never underestimate the number of people with idiot-proof money
Zanderhokie • 01/21/24 07:46 PM ET
PT Barnum...."A fool and his money are soon parted!"**
TOUGH TURKEY • 01/22/24 09:54 AM ET
That's the one part of NIL I like - pouring money into college football has
Hokie 04 • 01/21/24 06:48 PM ET
So you are telling me NIL is actually pay for play??No way! Seriously time
HokieBrazil • 01/21/24 02:19 PM ET
And they can knock the defenders teeth out lay...
HokiePail • 01/21/24 06:42 PM ET
Heard that 2 female athletes are in top 4 of NIL earners..LSU**
HOKIE75-79 • 01/21/24 02:19 PM ET
Last I heard, Olivia Dunne was banking $3.5M
FlintMS • 01/21/24 02:36 PM ET
As of 2024, Dunn's net worth up to $7 mil. Makes $15K per tik tok video
carhokies • 01/23/24 02:57 PM ET
Well earned money!**
EDGEMAN • 01/21/24 05:37 PM ET
How good is she?
crazylane • 01/21/24 05:05 PM ET
I’d say Dunne is an “it girl”
Hokie1992 • 01/21/24 06:06 PM ET
So you're saying the Cavender twins
crazylane • 01/21/24 07:49 PM ET
Dunne was making money long before NIL was a thing, she's a hugely
blockh • 01/22/24 03:24 PM ET
She’s got game
Hokie1992 • 01/21/24 03:53 PM ET
good for the kid. Suckers were parted from money so that a kid with a
BG Hokie • 01/21/24 01:06 PM ET
College football is like the NFL without a salary cap.**
EDGEMAN • 01/21/24 11:56 AM ET
but the marching bands are better**
squarerootofone • 01/21/24 12:34 PM ET
We have two, but Whit prefers blasting out a speaker system instead. Sad!**
Hokie 04 • 01/21/24 06:51 PM ET
It's like NFL but players don't share revenues, can ONLY pay college
icelus • 01/21/24 12:13 PM ET
It will change to direct pay by the athletics programs very soon IMO
tallahasseehokie • 01/21/24 03:45 PM ET
Find a way to make big time CFB an NFL farm league.
HokieinATL07 • 01/23/24 11:21 AM ET
So you're saying the ROI was nil? TIC**
MP4VT2004 • 01/21/24 10:46 AM ET