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Post by ColumbiaHeightsHoya on Apr 6, 2022 13:20:40 GMT -5
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Apr 6, 2022 13:26:23 GMT -5
That seems like a baaaaaaaad idea.
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DFW HOYA
Platinum Hoya (over 5000 posts)
Posts: 5,749
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Post by DFW HOYA on Apr 6, 2022 13:27:30 GMT -5
Hard pass. There's a reason why no private schools are on that list. |
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Post by ColumbiaHeightsHoya on Apr 6, 2022 13:50:00 GMT -5
Hard pass. There's a reason why no private schools are on that list. What are they? |
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hoyas315
Diamond Hoya (over 2500 posts)
Posts: 3,096 
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Post by hoyas315 on Apr 6, 2022 15:25:30 GMT -5
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C86
Century (over 100 posts)
Posts: 230
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Post by C86 on Apr 6, 2022 16:30:35 GMT -5
I am all for the players getting something in return for value, but I worry that NIL and plans like this will open the players up to new forms of exploitation. These academic payments may be taxable income, and NIL payments certainly are. And these payments will be documented on 1099's. Some of these athletes are going to get into real tax trouble.
It would be optimal if the NCAA or the universities put in some structure to educate these athletes, and to point them towards reputable professionals (much like the NFL does with rookie orientation, and with mandatory licensing of agents).
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Post by ColumbiaHeightsHoya on Apr 7, 2022 8:57:16 GMT -5
I am all for the players getting something in return for value, but I worry that NIL and plans like this will open the players up to new forms of exploitation. These academic payments may be taxable income, and NIL payments certainly are. And these payments will be documented on 1099's. Some of these athletes are going to get into real tax trouble. It would be optimal if the NCAA or the universities put in some structure to educate these athletes, and to point them towards reputable professionals (much like the NFL does with rookie orientation, and with mandatory licensing of agents). C86, you hit the nail on the head here. That should also be part of our presentation then. Gratis legal and tax advice/prep. As I read this, the number on the academic payments was like 6K a kid. That's 81K a year right for hoops only. Why wouldn't we do this? I am genuinely interested in what the downside is. It's a modest payment, it doesn't break the bank, and it incentivizes academics. I have no doubt Gtown would actually have the checks & balances in for the academic side relative to other institutions. |
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CTHoya08
Diamond Hoya (over 2500 posts)
Bring back Izzo!
Posts: 2,860
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Post by CTHoya08 on Apr 7, 2022 9:37:38 GMT -5
Hard pass. There's a reason why no private schools are on that list. Miami is on the list. |
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