Universities and their athletic departments are tax exempt entities. They don't

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May 4, 2015
10:41:58am

BYUMizzou

lose money for tax purposes like a professional sports team might.

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BYUMizzou

Previous username: Mark Harlan
Bio page: BYUMizzou
Joined: Aug 25, 2010
Last login: Apr 25, 2024
Total posts: 38,157 (8,669 FO)

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Messages

Author

Time

BYU to pay $4500 for cost of attendance

mogelijk

5/3/15 3:48pm

What does this mean?

Mathew

5/3/15 3:50pm

this means that things just got a lot better for our football program!!!!

HarlemCoug

5/3/15 3:51pm

It is basically $4500 in spending money above the scholarship benefits

mogelijk

5/3/15 3:52pm

That is great news! This will indeed help BYU

Mathew

5/3/15 3:57pm

BM Troy Warner ASAP!

ldssdl

5/3/15 4:50pm

Seriously!

Mathew

5/3/15 5:56pm

Has Oregon said how much they'll pay?

Ebolarama

5/4/15 9:42am

Yes. Paying players on top of their scholarship I believe

TrueAndBlue

5/3/15 3:52pm

it also means you posted without reading the article.....

HarlemCoug

5/3/15 3:52pm

mogelijk

5/3/15 3:54pm

he posted and asked "what does this mean" when the post clearly explained it

HarlemCoug

5/3/15 3:59pm

Lol...alrighty then...

Mathew

5/3/15 4:00pm

Ah, sorry

mogelijk

5/3/15 4:00pm

lots of new Jordans worn on campus

Cougarealist

5/3/15 4:13pm

so true

ag4cougs

5/3/15 5:59pm

the car dealerships in provo are excited

franklyvulgar

5/3/15 11:21pm

FYI - the Yewts will pay $3,500. UT State will pay $3,700

HarlemCoug

5/3/15 3:54pm

Why the difference? Is there a formula?

boiseman92

5/3/15 3:55pm

Probably don't think they need to pay as much to attract athletes due to PAC-10.

byujacob

5/3/15 3:56pm

3 of the top 4 stipend $ are SEC schools

Utesplease

5/3/15 4:32pm

Yes, but they are all schools in shadows who want to be serious contenders.

Cougar8Duck

5/3/15 9:23pm

Kind of

BYUFam1

5/3/15 4:01pm

Apparently there are limits

mogelijk

5/3/15 4:10pm

I know it is voluntary and no school has to do it

BYUFam1

5/3/15 4:20pm

If you notice, I changed my post

mogelijk

5/3/15 4:26pm

Yeah - I already also responded to your other linking of that article

BYUFam1

5/3/15 4:37pm

The financial aid office publishes the numbers here:

BYUMizzou

5/3/15 5:09pm

It would be more funny if it wasn't for the fact that USU got theirs from

Cochise Cat

5/4/15 1:15am

"Utah to pay $4501 for cost of attendance."

slowhiteguy

5/3/15 3:55pm

Where did you get your info? The article states "The University of Utah

HarlemCoug

5/3/15 4:00pm

RE: Where did you get your info? The article states "The University of Utah

Crush4

5/3/15 4:04pm

<< Deleted >>

southernfriedcougar

5/3/15 4:14pm

RE: Where did you get your info? The article states "The University of Utah

southernfriedcougar

5/3/15 4:15pm

Has the NCAA reversed its bylaws that schools within a conference must pay the

Cougarpride

5/3/15 7:12pm

I thought it was just up to the conference on whether they would allow it to be

BYUFam1

5/3/15 7:28pm

The article certianly describes a major shfit from the original discussions

Cougarpride

5/3/15 7:45pm

Well played

dilbert

5/3/15 4:14pm

Why is it that hard to believe? We are one of only a few athletic programs in

thecelloguy

5/3/15 5:28pm

its exactly because we are one of the few programs that makes money that makes

cougarfann888

5/3/15 5:36pm

You have a point, but I think because we have the financial know how,

thecelloguy

5/3/15 5:46pm

The only way BYU would be able to keep up is if the church was willing to

swingcat

5/3/15 8:02pm

It isn't a "fraction"

mogelijk

5/3/15 9:38pm

BYU's athletic dept generated $60,124,000 last year

BYUMizzou

5/3/15 9:52pm

This is a little misunderstood.

WHO DEY

5/4/15 10:32am

Universities and their athletic departments are tax exempt entities. They don't

BYUMizzou

5/4/15 10:41am

From what I understand, there are some tax considerations in regards to

WHO DEY

5/4/15 12:28pm

Public Sector 101

panguitch

5/4/15 12:41pm

Interesting...

BYUFam1

5/3/15 3:57pm

<< Deleted >>

CougarForLife

5/3/15 4:02pm

Gotta say, if I had a kid at BYU & there was a tuition hike, I'd be pretty mad.

LeftOfNormal

5/3/15 3:57pm

What? Where is that coming from? Who says that's going to happen?

TrueAndBlue

5/3/15 4:00pm

BYU tuition is lower than all D1 schools in the state. That includes Weber & UVU

CougDogg-e-Dogg

5/3/15 4:01pm

BYU athletics has been spending $5 million less than they bring

mogelijk

5/3/15 4:04pm

no student at BYU should complain about tuition even if it went up 50%

rainorsnow

5/3/15 4:05pm

do you live in Utah? Didn't state leg. Approve state funds for usu's coa stipend

cougarfann888

5/3/15 4:15pm

heres the link state approved 1.5 million to cover usu stipends.

cougarfann888

5/3/15 4:23pm

USC only giving athletes 1,580. But they also have the 2nd highest cost per

Utesplease

5/3/15 4:31pm

BYU athletic department is completely self-sustaining. There won't be any

CalGTR

5/3/15 4:33pm

There would be no connection between the two. And --

lightmann

5/3/15 5:11pm

If BYU gives the option to put this money away in a fund, and once they GRADUATE

ocmyhome

5/3/15 5:12pm

Is this only for scholarship athletes or any player on the team?

Canusa

5/3/15 4:02pm

Scholarship only

mogelijk

5/3/15 4:05pm

From the 2nd page of the article

BYUFam1

5/3/15 4:08pm

The P5 are paying for full and part scholarships

Everymancoug

5/3/15 4:05pm

Higher than all p12 teams

CougarForLife

5/3/15 4:03pm

This is where dirt cheap tuition is a benefit

darkcoug

5/3/15 4:06pm

video game retailers rejoice!

BlueFrog

5/3/15 4:08pm

It may not sound like much $ but to a 17-18 year old

cougarfann888

5/3/15 4:12pm

$4500 sounds like a lot to almost any full time college student working

BYUFam1

5/3/15 4:24pm

Are there limits to what a school can spend? What's to keep some schools

boiseman92

5/3/15 4:15pm

The amount of money they make will limit them

SUAVO

5/3/15 4:20pm

There are limits

mogelijk

5/3/15 4:22pm

So, the article says Utah will spend 5000+?

SUAVO

5/3/15 4:31pm

No the article did the math from the financial aid sites

BYUFam1

5/3/15 4:38pm

Note that from that article where they display their calculations

BYUFam1

5/3/15 4:34pm

The article said it was an estimate of what the various schools COULD offer.

CalGTR

5/3/15 4:38pm

And even beyond the estimates - although the estimates were calculated from the

BYUFam1

5/3/15 4:41pm

I still cant believe Utah's fiscally "responsible" legislature approved money at

concolor couguar

5/3/15 4:51pm

Perhaps operating in the black provides some extra flexibility and leeway

ldssdl

5/3/15 4:31pm

BYU's strategy to be competitive with the P5: outbid them

Utesplease

5/3/15 4:47pm

Ironic considering the low amount they pay coaches and low cost

SUAVO

5/3/15 4:59pm

im not sure how raising tuition would = outbidding

Utesplease

5/3/15 5:23pm

not saying there is anything wrong with that

SUAVO

5/3/15 5:34pm

Grateful that BYU's BOT has a great vision. Significant investment will yield

Rocketman

5/3/15 7:55pm

Those questioning BYU commitment to athletics might reconsider. This seems BIG

BYUfan92

5/3/15 4:53pm

Talk about fishing for readers.

byufan08

5/3/15 4:58pm

So, the NCAA dictates how much BYU can pay, but doesn't help pay?

SUAVO

5/3/15 5:01pm

Great Q, not 100% sure, but I'm guessing yes.

byufan08

5/4/15 6:33am

NCAA pays scholarships, BYU pays COA

byufan08

5/4/15 6:34am

No, the US department of education dictates how much each school can pay

BYUMizzou

5/4/15 7:39am

3 Million a year that BYU is now spending. They wouldn't do this unless they

Blue for Life

5/3/15 5:41pm

It won't be $3 Million. Not every athlete gets $4,500. Read pg 2 of article.

rainorsnow

5/3/15 5:45pm

I wonder what this will do to schools struggling to stay a float?

steve3125

5/3/15 7:39pm

I also think it shows that the BOT has confidence in the donors. The BOT must

HarlemCoug

5/3/15 5:56pm

I'd rather spend 3 million dollars on good coaches.

COACHdrn

5/3/15 6:43pm

You can't possibly think that would be more effective...

HarlemCoug

5/3/15 6:54pm

It means I am no longer paying tithing

Medute

5/3/15 7:58pm

Where can I opt out of UT state taxes? Oh wait...

SLCougar

5/3/15 8:56pm

Tithing monies are never used to fund sports ever

steve3125

5/3/15 11:32pm

That really is unfortunate.

CougDogg-e-Dogg

5/3/15 11:51pm

I am sorry but I find this rather disgusting!!!

digitalayon

5/3/15 11:07pm

Yearly or per semester

steve3125

5/3/15 11:36pm

yearly

HarlemCoug

5/4/15 5:41am

This is what $4500 COA means:

panguitch

5/4/15 7:03am

Great explaination here and spot on

Heinz57

5/4/15 8:38am

Gag. College football has lost every ounce of purity it ever had.

BearsandBulls

5/4/15 11:28am

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