Rutgers going to have strong NIL next year after New Jersey organize crime see the benefits ha
If approached, would you kick into a UK FB NIL Deal? [Assume it creates a tax deduction for your firm, business, office.]
- Thread starter The-Hack
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Rutgers going to have strong NIL next year after New Jersey organize crime see the benefits ha
This entire premise is goofy that average joes are going to toss in $500 bucks a year.
The first year we hear of kids leaving/transferring for poor reasons and/or bad year of play out of kids that got tons of NIL....the funds for this will dwindle as people will be jumping ship left and right.
There needs to be a sustainable plan put in place where people/companies have a vested interest in their bottomline to do NIL. The main way forward, to me, is UK needs to associate SEC TV $$$ with specific companies that will push that to NIL collective to UK recruits that Stoops/Marrow can sale when in kids homes. Mitch is going to have to need less SEC TV $$$ for volleyball, baseball stadium, track and field, etc... and divert those funds with agreements in place (unofficially) to put extra funds to a UK NIL.
A plan to have some fans throwing a few hundred bucks each year is sort of goofy IMO. It's like a carwash fundraiser and very amateur hour.
The first year we hear of kids leaving/transferring for poor reasons and/or bad year of play out of kids that got tons of NIL....the funds for this will dwindle as people will be jumping ship left and right.
There needs to be a sustainable plan put in place where people/companies have a vested interest in their bottomline to do NIL. The main way forward, to me, is UK needs to associate SEC TV $$$ with specific companies that will push that to NIL collective to UK recruits that Stoops/Marrow can sale when in kids homes. Mitch is going to have to need less SEC TV $$$ for volleyball, baseball stadium, track and field, etc... and divert those funds with agreements in place (unofficially) to put extra funds to a UK NIL.
A plan to have some fans throwing a few hundred bucks each year is sort of goofy IMO. It's like a carwash fundraiser and very amateur hour.
Who knows the real answer to this, because we haven't seen if the NCAA is actually going to do anything. Fans/Boosters still can't just give cash to players. They can give to a collective and the collective distribute it the right way under the rules. Again most don't follow those rules and the NCAA may not do anything
I know you know this, but the idea with the SEC money will never ever happen under Barnhart. In fact, I don’t see any AD willing to do that. It’s kind of funny after all this talk about conference money and payouts for so long, we’re not able to use that money on the most important incentive to recruiting - NIL.
Clemson's IPTAY, which I documented above, raised $40M among 18,000+ members..... one helluva car wash.
"be a shame if somethung were to happen to your throwing arm"
P.S. Like I said earlier, I would not kick in. College FB rakes in billons each year but wants me to chip in using my retirement money?
No, thank you.
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So why get all this sec tv deals then? For what …To pay your coaches, some extra size Jimbo trons and the rest to fund non football/basketball university needs?
And we’re going to ask fans and boosters need to take up 30+ Million more to recruit for players. It’s insane sounding
I’ll check into this Clemson NIL…I just can’t fathom a fanbase kicking up 40m per year. Do you really believe the average fans out in 2k ? I certainly question the accuracy of that report
Google IPTAY, it's all there. Keep in mind that program has been around since the 1930s so they've had ample time to tweak it.
That is a rough figure Saban quotes that Texas am laid out for their recruiting class
No I agree with you. We’re not going to get enough small money donors to match the big money boosters that are bankrolling rosters at Miami and A&M. So our conference check could be three times as much as Miami’s but there’s diminishing returns there as you pointed out.
It’s a tough spot at the moment. I hope it’s temporary but everything seems like an unknown.
$500 just 1,000 times is ten linemen at 50K apiece.
And a fair portion of those stating they'd do a few hundred will wilt away once a check needs to cut....I'd call this dead on arrival.
It's over my head but i don't know how your turn a nonprofit/charity into pay for play NIL.
Enough of the pass through has to go to charities to qualify. You tell the players that you will make a donation in their name, thus giving them a tax break and the donors get a tax break too. Work something out where the players go to hospitals or help raise money for the charities and they are paid endorsers. The question is would it be cost effective? Would the charity angle make it more attractive to enough players?
If it were done, it would have to pass as advertising. Hence, law firms, doctors, dentists, groceries, banks, accountants, etc., etc., could deduct the cost as a business advertising expense. saving in excess of 40 percent of the cost for the self-employed professional.
Given the responses, above, I likely should have limited this to small business owners, as with the tax savings implicit in “advertising,” a $500.00 dollar expense is really a $300.00 expense.
Pascal’s cute add for the dentists was pretty expensive for them, but entirely deductible as a business expense.
I am 100% football first but I know damn good and well that money would fall into the wrong hands.
This is a big time HELL NO for me. With the price of things today, I be damn if I would "kick" in a few dollars so a particular teenager will come to UK to play ball. I have lost a small fortune since the stock market began going south, so I am wondering if anyone is willing to "kick" in a few dollars so I can stay on track to retire in 2 years..
Nope, not me. I figure I spend about 10k a year following the team. That includes a $600 K fund "donation" for slightly upgraded seats. Like others have said, enough is enough, esp for us retirees. I am starting to get burnt on most all sports anyway, gave up basketball a few years ago, don't miss it at all. the game isn't the game I loved anymore and football seems to be going that direction also. if others want to kick in great! If others still enjoy following the basketball program, good for ya. Us older persons generally don't care much for change and boy are we getting change. Oh well my little rant is over, Go Stoops Troops!
I think your small business plan may work. But it is obvious the average Joe working UK fan does not have interest. And retirees even less.
I am retired and over the past few days I have become borderline in contributing. I don't like the direction of this country and the current administration in Washington DC is scary to say the least. Three years ago I would have already sent my check. I am cutting back my travel and that includes UK sports. No basketball and probably little if any football this year.
But a small business who has a few extra dimes and can write it off as an expense sounds like a plan. Are there enough of them to compete with the Big Dogs of the SEC? That will be a challenge.
Here is a plan to fund NIL at UK:
First, Mitch B cuts his salary in half (about $500K), then goes through the AD and lays off about 50 or so of the 180 employees doing God knows what, getting all the way back to the staff levels of way way back in 2015 or 2016 or so, lets say that is another $2M
Then, Coach Cal and Coach Stoops forgo about half of their collective compensation packages, or kick them in, one way or the other, I figure that is $6M or so? Then the coaching staffs kick in half their salaries as well (hopefully our assistant coaches can make ends meet on only $500K a year) plus cut back on the football/basketball support staffs to a similar degree to the UK AD set forth above. I estimate that would be another $3M or so?
Finally, when the new TV contracts come up, devote about $5M or so to the NIL.
Just spit balling the numbers above, but that is about $16M or so, I think that is a good start, what do the rest of you say?
First, Mitch B cuts his salary in half (about $500K), then goes through the AD and lays off about 50 or so of the 180 employees doing God knows what, getting all the way back to the staff levels of way way back in 2015 or 2016 or so, lets say that is another $2M
Then, Coach Cal and Coach Stoops forgo about half of their collective compensation packages, or kick them in, one way or the other, I figure that is $6M or so? Then the coaching staffs kick in half their salaries as well (hopefully our assistant coaches can make ends meet on only $500K a year) plus cut back on the football/basketball support staffs to a similar degree to the UK AD set forth above. I estimate that would be another $3M or so?
Finally, when the new TV contracts come up, devote about $5M or so to the NIL.
Just spit balling the numbers above, but that is about $16M or so, I think that is a good start, what do the rest of you say?
All great ideas, but completely illegal under the current NIL rules.
Enough of them?
This idea is hardly all-consuming.
If Kroger, IMG, etc., want to help fund players, then we keep up.
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