Carnac reported that the IRS had NIL in its sights. BYU seems to understand the

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Apr 24, 2024
5:43:46pm

LeGrandBleu All-American

potential underlying income tax implications:

https://www.cougarboard.com/board/message.html?id=32931282

This message has been modified

Originally posted on Apr 24, 2024 at 5:43:46pm

Message modified by LeGrandBleu on Apr 24, 2024 at 5:45:03pm

Message modified by LeGrandBleu on Apr 24, 2024 at 5:45:11pm

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LeGrandBleu

Previous username: NewMexiCoug
Bio page: LeGrandBleu
Joined: May 2, 2001
Last login: May 4, 2024
Total posts: 12,691 (0 FO)

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Messages

Author

Time

This is not new news by any stretch, but had an interesting conversation with

Duke Silver

Apr 24, 3:52pm

Theoretically, NIL is supposed to be completely disconnected from the school.

NWCoug

Apr 24, 3:56pm

Just go through cougconnect. They aren't affiliated with the university

Mostlyaccurate

Apr 24, 3:58pm

They have to have money to pay players.

molodyets

Apr 24, 9:44pm

Not anymore. NCAA isn’t really going to be enforcing anything.

byuTX

Apr 24, 4:37pm

But the IRS might.

LeGrandBleu

Apr 24, 5:39pm

Not if proper taxes are paid

byuTX

Apr 24, 6:40pm

I believe that is the point. The IRS doesn’t think they are. NIL entities that

LeGrandBleu

Apr 24, 7:15pm

I’m talking about paying them going forward.

byuTX

Apr 24, 7:58pm

I wonder what impact that might have on NIL operations and activity?

LeGrandBleu

Apr 24, 7:59pm

I should be able to reach out and hire the Name or image independent of what

bald man

Apr 24, 3:58pm

You can. And they can’t stop you.

Sandstone Cougar

Apr 24, 4:01pm

But they can cut the player from scholarship for HC rules.

ordinary tri guy

Apr 24, 4:06pm

there is HC rule for nil? what?

bald man

Apr 24, 4:08pm

Sure there is… they dont want someone taking an NIL deal with Budweiser

ordinary tri guy

Apr 24, 4:42pm

What I think is funny/odd is I don't see ANY promotions with players.

Madam Pattirini

Apr 25, 10:13am

Sure. I suppose if a player enters an NIL deal with Pornhub or Hamas, the school could do that.

Sandstone Cougar

Apr 24, 4:17pm

Or take on flashy, high dollar. IL deals not approved. As I understand all NIL

ordinary tri guy

Apr 24, 4:26pm

They'll never reject an HC compliant deal. Lawsuit waiting to happen if they do

rad dawg

Apr 24, 10:51pm

Utah passed a law this session to prevent NIL deals with porn, alcohol companies

CougarBack

Apr 25, 6:58am

"testimony of the truthfulness" - do we have 3 witnesses yet?

Henry45-70

Apr 24, 3:59pm

We need to let our boosters go all in, or it's not really worth "competing," IMO

Yucatan

Apr 24, 4:08pm

The bigger issue is they want money being distributed equally which has caused

ordinary tri guy

Apr 24, 4:08pm

Which they have every right to do with AD donations, but not with private NIL.

NWCoug

Apr 24, 5:20pm

THIS is the biggest issue...BYU is concerned about being sideways with title IX

coot20

Apr 24, 5:33pm

No it isn't. NIL is outside of direct control by the schools...

Les IsMore

Apr 24, 10:15pm

BoT is being dumb. Best to operate outside of them and work directly with

JoeExotic

Apr 25, 1:49am

I get not wanting to simply outbid everyone else for big transfers/recruits,

thewaterboy

Apr 24, 4:20pm

I would like Ben Criddle to research this and talk with a representative from

kC Cougar

Apr 24, 4:55pm

The numbers in the post are baseline guarantees for every player.

molodyets

Apr 24, 9:45pm

I've heard the money is much bigger...especially for some of the bball recruits

Stucoug83

Apr 24, 5:12pm

The money is much more than 50k especially basketball and football….

Cougar86

Apr 24, 5:24pm

The school can’t limit what $ amounts players are payed for NIL.

ImuaKahuku

Apr 24, 5:24pm

Carnac reported that the IRS had NIL in its sights. BYU seems to understand the

LeGrandBleu

Apr 24, 5:43pm

Patti Edwards said NIL would destroy college sports. Unfortunately, she …

combblai

Apr 24, 5:50pm

We all said that.

coolblue

Apr 24, 6:41pm

Your source is mistaken

Elvis

Apr 24, 5:55pm

My argument against NIL: It’s too mercenary/leads to massive selfishness.

BleedCougarBlue2

Apr 24, 6:16pm

We've also always heard how conservative BYU was in coaching salaries, and they

osbooks

Apr 24, 8:14pm

Multiple BYU sources say the reported contract details are exaggerated and …

combblai

Apr 24, 9:41pm

Really reliable report...not. You heard through "someone" what "we all know"...

Jasbo

Apr 24, 10:10pm

Holmoe and BOT have nothing to do with NIL. It’s completely separate from school

zerome4sooners

Apr 25, 4:48am

This doesn’t sound right. Once a student is here BYU really couldn’t do much

davidmj10

Apr 25, 8:27am

Can’t Cougconnect in theory pay football players more , if they get those funds?

I'mBatman

Apr 25, 9:59am

My understanding is players have to choose… RBC or CougConnect.

Cougar86

Apr 25, 10:03am

That's messy.

Madam Pattirini

Apr 25, 10:15am

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