And so it begins... NIL

[Cyched]

You would think, but I have a 50 year old client who just throws the 1099's away no matter how many times I tell him I need each and everyone of them.

 

[isufbcurt]

I clearly don't know all the details, but if I was preparing his taxes and had knowledge of this, I am not sure how I would still be doing his taxes. Aren't you a willing player in tax fraud?

Well I simply have him request copies of the 1099s from everyone that should have sent him one. I know who he should be getting them from because he has his monthly bank statements send to me to I can track everything in Quickbooks. If he does get an IRS letter for not including a 1099 I can prove we included the revenue even without it because of my bookkeeping.

He just assumes (every year) that I don't need the 1099's since I am tracking everything for him.

 

[8bitnes]

Not necessarily fraud...the customer might not be taking any deductions/credits or claiming any advantage at all for these activities.

I was thinking the customer was the recipient of 1099s not the provider. As I said, I don't know all the details.

 

[cstrunk]

This is basically the Olympic model and the olympics seem to be humming along nicely.

You mean like Alabama = USA, Clemson = China, Ohio State = Russia, and Oklahoma = Germany? AKA - It's usually only the "haves" that ever win.

 

[cstrunk]

I'm all for players being able to make some money off of their NIL, but right now this is the Wild Wild West. There needs to be some kind of governing agency that can set certain restrictions in place. Otherwise, this seems like only the schools with rich donors will survive. There needs to be some sort of competitive fairness. What we had before wasn't perfect, but this seems much worse.

 

[Mr Janny]

I'm all for players being able to make some money off of their NIL, but right now this is the Wild Wild West. There needs to be some kind of governing agency that can set certain restrictions in place. Otherwise, this seems like only the schools with rich donors will survive. There needs to be some sort of competitive fairness. What we had before wasn't perfect, but this seems much worse.

Alabama, Clemson, Ohio State and Oklahoma have 20 of the 28 spots in College Football Playoff history. Nobody can say "Competitive Fairness" with a straight face, when it comes to the way the NCAA ran things.

 

[cstrunk]

Alabama, Clemson, Ohio State and Oklahoma have 20 of the 28 spots in College Football Playoff history. Nobody can say "Competitive Fairness" with a straight face, when it comes to the way the NCAA ran things.

I can agree with that, this just seems worse, instead of better. I do think it's better for most players but there will be consequences too.

 

[alarson]

Alabama, Clemson, Ohio State and Oklahoma have 20 of the 28 spots in College Football Playoff history. Nobody can say "Competitive Fairness" with a straight face, when it comes to the way the NCAA ran things.

The "its already a problem so it doesn't matter if we make it worse" argument is one of the dumbest arguments people make for this. We're taking an existing problem and putting rockets on it.

 

[Mr Janny]

The "its already a problem so it doesn't matter if we make it worse" argument is one of the dumbest arguments people make for this. We're taking an existing problem and putting rockets on it.

That is not the argument I'm making at all. And if you think it is, you're ignorant. The speed at which these NIL deals have been signed shows how much of a market there is for these players, something the NCAA and its defenders told us over and over again wasn't true. "Nobody watches college sports for the athletes. They watch it for the school." They tried to justify special rules that only applied to athletes, under the guise of "noble amateurism" and all the while the big sports became rancid and fetid with corruption.

Nobody who supports players being able to profit from their NIL rights is under the illusion that this is going to root out corruption in college sports. But the NCAA isn't really interested in rooting it out, either. Nobody wants to kick the cash cow. The only difference today is that now the player can legally get a piece of the pie. And if that's the only change, so be it. Righting that long time wrong is worth it.

So many people can't get past their own fandom to acknowledge that. They're desperate to preserve what they imagine college sports to be, instead of seeing it for what it really is.

 

[alarson]

That is not the argument I'm making at all. And if you think it is, you're ignorant. The speed at which these NIL deals have been signed shows how much of a market there is for these players, something the NCAA and its defenders told us over and over again wasn't true. "Nobody watches college sports for the athletes. They watch it for the school." They tried to justify special rules that only applied to athletes, under the guise of "noble amateurism" and all the while the big sports became rancid and fetid with corruption.

This is not their true market value. This is their value when playing for the schools. Indicating that, despite your dismissals, the value is still from the school, not the players. Their actual individual market value is much more indicated by things like other leagues- the G-league is a good indicator for top-line basketball value, for instance, as 99% of college basketball players are never even that good, yet ncaa institutions usually compensate more.

Lets also face that the stuff we're seeing now is small potatoes compared to what comes next- NIL deals as recruiting offers that will completely tilt the landscape.

Nobody who supports players being able to profit from their NIL rights is under the illusion that this is going to root out corruption in college sports. But the NCAA isn't really interested in rooting it out, either. Nobody wants to kick the cash cow. The only difference today is that now the player can legally get a piece of the pie. And if that's the only change, so be it. Righting that long time wrong is worth it.

If people, particularly in the media, spent as much time on it as they have breathlessly lying that players weren't being compensated 'their market value' perhaps issues in the NCAA could get addressed. But no, this will make it much, much worse. Your solution to the problem is to throw your hands up in the air and say 'sure, might as well let it run rampant instead'. That's the height of stupidity.

So many people can't get past their own fandom to acknowledge that. They're desperate to preserve what they imagine college sports to be, instead of seeing it for what it really is.

.
You're the one who can't see what this really is. It will destroy college athletics instead of fixing its issues. It will particularly **** iowa state. So congrats on cheering that on.

ESPN will love it though. The more they can consolidate the sport the better for them. Its what theyve been pushing the whole time.

 

[3TrueFans]

Can we just go back to everyone but the players getting filthy rich from this multi-billion dollar industry, that’s the only pure way to do things.

 

[Mr Janny]

This is not their true market value. This is their value when playing for the schools. Indicating that, despite your dismissals, the value is still from the school, not the players. Their actual individual market value is much more indicated by things like other leagues- the G-league is a good indicator for top-line basketball value, for instance, as 99% of college basketball players are never even that good, yet ncaa institutions usually compensate more.

So, the value of Hercy Miller, who just got $2 Million from Web Apps America, is derived from his school, Tennessee State University, despite the fact that he hasn't played a single game for them yet?

Or the Cavinder Twins, who also signed one of the bigger deals so far, advertisers only value them for their play for Fresno State, an not for their 3 million Tik Tok followers?

Please stop ****ing that "the value is still from the school, not the players" chicken. It's dead. Nothing left but feathers.

If people, particularly in the media, spent as much time on it as they have breathlessly lying that players weren't being compensated 'their market value' perhaps issues in the NCAA could get addressed. But no, this will make it much, much worse. Your solution to the problem is to throw your hands up in the air and say 'sure, might as well let it run rampant instead'. That's the height of stupidity.

What has the NCAA done? Did they have some grand plan to root out corruption that they were working on? What were they waiting for?

Take of the blindfold, man. The NCAA doesn't want anything to change. Why would they? They don't want to hold anyone accountable, and even if they did, they have no power to actually do anything about it anymore.

.

You're the one who can't see what this really is. It will destroy college athletics instead of fixing its issues. It will particularly **** iowa state. So congrats on cheering that on.

ESPN will love it though. The more they can consolidate the sport the better for them. Its what theyve been pushing the whole time.

"IT WILL DESTROY COLLEGE ATHLETICS!!!"
For ****'s sake, if college athletics can't exist with players able to profit from their likeness, like any other student can, then maybe it doesn't deserve to survive. But give me a break, college athletics is not going anywhere. You're rolling down a hill and pretending you're going over niagra falls.

 

[Mr Janny]

Can we just go back to everyone but the players getting filthy rich from this multi-billion dollar industry, that’s the only pure way to do things.

This. And that's the funniest part about it to me. People are desperate to preserve their knowing ignorance. That's all. This is about their ability to play make believe with their entertainment.

 

[cayin]

Is this going to derail our current recruiting class? Are we going to lose potential good recruits to schools that can give these kids better NIL deals? Its starting feel like just when ISU is on the verge of building long term success (relative to our past), this could thwart it.

 

[Dr.bannedman]

This. And that's the funniest part about it to me. People are desperate to preserve their knowing ignorance. That's all. This is about their ability to play make believe with their entertainment.

Iowa state fans hoping to hold on to the model where they’ve been bottom 10 football programs OF ALL TIME. Lolz. I just don’t get this mindset

 

[clonedude]

There’s only so much playing time to be had. Alabama is still only going to play 1 or 2 RBs all season. If you can’t beat those 2 guys out, you’ll be sitting on the bench for 4 years and not make a name for yourself and not make it to the NFL.

So Alabama donors could offer the top 5 RBs in the country every year, but they aren’t going to get all of them because there isn’t enough playing time for all of them. It won’t be any different than now….. Alabama will still get the top recruit or two at most positions, but that’s it. The Breece Hall’s and Jirehl Brock’s of the world will still be available to us.

 

[SCNCY]

There’s only so much playing time to be had. Alabama is still only going to play 1 or 2 RBs all season. If you can’t beat those 2 guys out, you’ll be sitting on the bench for 4 years and not make a name for yourself and not make it to the NFL.

So Alabama donors could offer the top 5 RBs in the country every year, but they aren’t going to get all of them because there isn’t enough playing time for all of them. It won’t be any different than now….. Alabama will still get the top recruit or two at most positions, but that’s it. The Breece Hall’s and Jirehl Brock’s of the world will still be available to us.

This is probably the important thing, being in a position to have a chance at the pro leagues, which means being able to play. That's where the money is. With that said, it wouldn't surprise me if some of these athletes are short sighted and take the quick money as opposed to thinking long term. Remember, some of these athletes grew up in poor/poverty conditions, so the idea even something like $500/month, like in Miami, may be enough to persuade them to a certain school.

 

[NorthCyd]

This is not their true market value. This is their value when playing for the schools. Indicating that, despite your dismissals, the value is still from the school, not the players. Their actual individual market value is much more indicated by things like other leagues- the G-league is a good indicator for top-line basketball value, for instance, as 99% of college basketball players are never even that good, yet ncaa institutions usually compensate more.

Lets also face that the stuff we're seeing now is small potatoes compared to what comes next- NIL deals as recruiting offers that will completely tilt the landscape.



If people, particularly in the media, spent as much time on it as they have breathlessly lying that players weren't being compensated 'their market value' perhaps issues in the NCAA could get addressed. But no, this will make it much, much worse. Your solution to the problem is to throw your hands up in the air and say 'sure, might as well let it run rampant instead'. That's the height of stupidity.


.
You're the one who can't see what this really is. It will destroy college athletics instead of fixing its issues. It will particularly **** iowa state. So congrats on cheering that on.

ESPN will love it though. The more they can consolidate the sport the better for them. Its what theyve been pushing the whole time.

I don't buy your doomsday scenario, but if it happens it happens. No one has a choice in the matter. The law is the law. Blaming the media is a joke. The NCAA played dumb to the truth and clung to a system they knew would eventually fall apart in the courts, and now here we are. There is no one to be mad at but them.

 

[jsb]

If it helps put an end to the Case IH red zone jabber, I'm all for it.

I’m pretty sure they haven’t done that for years.

 

[RClone]

Alabama, Clemson, Ohio State and Oklahoma have 20 of the 28 spots in College Football Playoff history. Nobody can say "Competitive Fairness" with a straight face, when it comes to the way the NCAA ran things.

Your point is what? You like the system as is? Image/likeness will only add more complexity and chaos into this rigged system.