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Post by thesocalkid on Dec 6, 2023 7:44:13 GMT -5
I also found this, www.espn.com/college-sports/story/_/id/39047353/ncaa-proposes-rule-let-schools-athletes-enter-nil-dealsBullet points from the video and article NCAA President ideas: - allow Schools to pay athletes directly $30,000 - subject to Title IX - creates new subdivision of D1 schools that would then come to rule, roster size, transfer agreements together -to be in a school must put at least $30,000 per athlete for at least half of their athletes into a trust fund every year - schools could decide to provide more money to athletes and when it is disbursed regardless of degree completion - schools decide whether they want to be in the new subdivision Next NCAA voting meeting is January. This is just idea phase. N F W --- this is what will destroy small Colleges and Universities in America. ( they probably won't even issue them a W-2 or make them pay income tax on the free money they get )
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Post by skeller6 on Dec 6, 2023 8:33:50 GMT -5
This is a direct attack on mid major programs, especially Catholic mid majors.........this absurd proposal would basically force all but Power 6 conference members out of D1 athletics........the A10 and MAAC would be done as dinner as a D1 conference.
Lets see what AD Joe does with this hand grenade???
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Post by chrismoses on Dec 6, 2023 11:09:48 GMT -5
Doing quick math here...If we do the bare minimum and keep just six men's sports and eight women's sports, it would cost the program roughly $4.2M to pay $30,000 per year to HALF of our student athletes.
I'm sure by cutting three men's sports we could save $200K- $400K, but our figure to stay D1 would still be north of $3M given the rules laid out yesterday.
Not sure how they make up for that difference unless they get a massive influx of funding or if we charge an astronomical of money for MBB tix. You might also see the student fee increase from $575 to $1500 or something like that.
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Post by skeller6 on Dec 7, 2023 6:48:06 GMT -5
No mid major program could possibly afford these proposed salaries, and they will not pay this outrageous tribute.....
These D1 athletes already receive hundreds of thousands of dollars in free benefits, including free college tuition and room and board and spending cash too.
They are more than well compensated by schools like SBU...............no need for salaries at all.
What this is really about is the plan to split D1 into two categores......Power 6 schools and the rest.......with total Power 6 domination in the Big Dance and all other playoffs..........will mid major football teams be able to pay each football athlete 30K per year? Of course not...........
SBU days in D1 are now on life support....so be it......
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Post by ceharv on Jan 2, 2024 15:28:44 GMT -5
Don’t panic on this proposal yet. Right now that’s all it is and the majority of schools in the NCAA are not P6 schools, so IMO the votes won’t be there until and unless it becomes clear the P6 schools will break away from the NCAA unless this or similar changes are adopted. Don’t assume all will do so. Such a change will require the agreement of school presidents and/or boards of trustees. I think that will include people who are not driven just by dollars and who value more traditional goals. Even if Ohio State’s and President supports leaving the NCAA for a separate P6 group doesn’t mean the BoT would authorize that change. Also, keep in mind the huge fan support (meaning the contracts with ESPN, CBS, etc. and the big $ those produce) comes from people like us, graduates of the hundreds of smaller schools who may not have interest to tune in to watch college sports in the same numbers as today if there’s virtually no difference between college and pro sports, particularly where the college sports are essentially minor professional leagues. Concern about that could result in “No” votes on this proposal or the creation of a separate league apart from the current NCAA. Finally, good luck getting the IRS to sign off that receipt of this money is non-taxable simply by the decision not to issue W-2s.to recipients. This money would clearly be earned income, and the IRS is not known for looking the other way at schemes to make earned income non-taxable. Test cases will soon be filed and I don’t see any way a judge would rule the income is non-taxable. This is not a simple proposal and decision makers at the college level are typically conservative and resistant to adopting dramatic changes quickly or without examining every potential problem, even to the point of over-thinking them.
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Post by thesocalkid on Feb 6, 2024 11:59:22 GMT -5
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