Pollard quoted in piece on GOP tax bill affecting college athletics
- Thread starter ChrisMWilliams
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Really not sure what good Pollard hopes to get out of commenting on articles like this.
Comes off as petty. Same as when he commonly comments on athletes getting paid.
No need to comment here.
I don't think it's petty at all. This is a huge change for college athletics, and he's speaking up on behalf of his school. Whether you agree those donations should be tax deductible or not (they maybe shouldn't, but this is a huge sea change all at once), I think he's doing the right thing in the business sense by speaking up.
Meh, $700 gr is a lot of money. I don't have a problem with it. Don't have a problem with him keeping mum either...
The tax bill is going to negatively impact the financials of the athletic department. He has every right to make sure people are aware of that fact. Even more than the tax increase of the high paying positions, it will be harder to sell some tickets because people don't get the tax right off anymore, it essentially adds 20% or more to the cost of the seat rights.
It comes off as Jamie knows money very well and he's doing his homework on how to balance the anticipated shortfall.
I can't think of another athletic director I'd want to navigate us thru this. ISU is a challenging and unique school to be at, and he does a damn good job.
Pollard is one of the more astute business people in the AD position around the country. If I was a reporter, I would reach out for his take.
As for long term effects, I am certain creative people will find ways around these challenges. Every time tax laws change, new business and entity structures spring up in response. Windfall for attorneys and accountants!
As for long term effects, I am certain creative people will find ways around these challenges. Every time tax laws change, new business and entity structures spring up in response. Windfall for attorneys and accountants!
Pollard voicing his concerns lets donors know he's speaking out on their behalf. It also lets fans know of another hurdle he has to overcome when it comes to ticket price hikes.
I think it was a very shrewd move on his part.
1. I love Pollard and hope he stays for a long time.
2. I cringe every time he is quoted regarding SAs getting paid. I think it comes across as tunnel-visioned, at best.
3. I thought his comments on this article were very fair. I was surprised to see mention of an increased standard deduction offsetting cost for donors. He's done his homework.
D. This is a sea-change, but utterly appropriate. NCAA revenue sports are not-for-profit in name only. If this means a brief plateau for coaching salaries, so be it.
2. I cringe every time he is quoted regarding SAs getting paid. I think it comes across as tunnel-visioned, at best.
3. I thought his comments on this article were very fair. I was surprised to see mention of an increased standard deduction offsetting cost for donors. He's done his homework.
D. This is a sea-change, but utterly appropriate. NCAA revenue sports are not-for-profit in name only. If this means a brief plateau for coaching salaries, so be it.
He comments on large-scale issues that directly affect his job and all other AD's out there. I don't see why that would be an issue, he's speaking about a field that he's an expert in.
And on top of it, he's a former CPA so he probably understands the ramifications better than just about any AD.
First on the donations, I am confused as a donation for the purpose of purchasing tickets was already not a deductible donation. However, if you donate out of the kindness of your hearts then screw the IRS. They would have to prove you would not have donated the money.
I would like to see a bill that exempts colleges from any extra fees. I am not a fan of big government and taxes, and the tax man has been after any form of company entertainment for years. Currently only half of company or customer entertainment is tax deductible for a business.
I doubt the Republicans would put up a fight to allow for deductions for donations to colleges no matter the reason. I buy tickets just to help Iowa State and only go to a couple games a year. It is a donation as far as I am concerned. People should write to their senators and congressman and ask for this change.
If I donate $10,000 to the Cyclone Club, $8,000 (80%) was previously tax deductible.
As far as meals/entertainment only being 50% deductible, what is "necessary and reasonable" about buying tickets for a business? It isn't. Period. The guy who owns a construction company needs to have Vikings seat licenses as a necessary and reasonable business expense? No. The guy who owns a web development company needs a suite in the Xcel Energy Center for the Wild because it's a necessary and reasonable expense for his business? Please. If you're CAA and think you need tickets to a bunch of sports events so you can evaluate whether you want to sign a player to the agency I can MAYBE see it but otherwise? Not a chance.
