How Quickly Things Have Changed

[Snaggletiger]

Remember the good ole days, when we railed over the fleet of Dodge Chargers parading around The Crapstoned?  Well, with the NIL cash flowing through college spurtz now, it ain't nuthin' but a thang.

FUGA QB, Carson Beck, just purchased himself a shiny new, Lamborghini Urus Performante for $270K.  Just what every college student needs to cruise around campus.

[wesfau2]

Get paid, young man.

But, depreciable assets are a dumb fucking purchase with your first big check.

[Snakebite]

Get paid, young man.

But, depreciable assets are a dumb fucking purchase with your first big check.

Agreed.  I'd buy a shit ton of land instead.  The deer, hogs, turkey, dove, and rabbits aren't going to hunt themselves.

[eagleair89]

Get paid, young man.

But, depreciable assets are a dumb fucking purchase with your first big check.

Do you really believe his first big check was only $270k??? Really??

More like $1M.....so he put $700 in a portfolio and bought a toy.....can't screw the hot chick's in the back seat of your stock portfolio 🤷‍♂️🥸

[Snaggletiger]

Get paid, young man.

But, depreciable assets are a dumb fucking purchase with your first big check.

Beck is not a handsome man.  The Lamborghini will serve as a fine pussy wagon.

[AUJarhead]

I'm more curious about the fallout of Dartmouth's Men's Basketball team being allowed to unionize, and are now "employees."

I have so many questions.

Will any scholarships that they receive (not Athletic, since Ivy League doesn't do that, but academic) count as income?

Assuming that any gear/shoes/etc they get as part of on the team also counts as taxable income?

Will they have to file taxes in every state they play in?

Will all student-athletes, regardless of sport, now be employees?  Since most sports operate at a netloss, will that mean Dartmouth end these sports, similar to how they would close a department not meeting expectations?

[wesfau2]

I'm more curious about the fallout of Dartmouth's Men's Basketball team being allowed to unionize, and are now "employees."

I have so many questions.

Will any scholarships that they receive (not Athletic, since Ivy League doesn't do that, but academic) count as income?
Likely, yes.  There may be a credit/deduction also given, but it will meet the IRS definition of income.

Assuming that any gear/shoes/etc they get as part of on the team also counts as taxable income?
Maybe.  Or they will have to pay for their uniforms and take a deduction.

Will they have to file taxes in every state they play in?
Depends on whether they meet the jurisdictional minimum of income.  Probably not for the run of the mill, non-Lambo buying guys.

Will all student-athletes, regardless of sport, now be employees? 
TBD...don't think this case can blow that all the way open, but it will be something that people (win or lose) will lean on in their negotiations.

Since most sports operate at a netloss, will that mean Dartmouth end these sports, similar to how they would close a department not meeting expectations?
Do you even net operating loss carryover, bro?

This is going to get very messy, because whereas collegiate athlete jurisprudence is relatively new, labor law ain't.

[wesfau2]

Do you really believe his first big check was only $270k??? Really??

No, and I doubt he bought the car.  It's likely a lease.

Or his entire support network is full of dipshits.

[Snaggletiger]

Don’t forget that as employees, they are entitled to workers comp benefits, which means that every injury, no matter how slight, suffered in the line and scope of employment, is compensable.  In Alabama, there’s a lifetime medical benefit.  Open up that can of worms.

[AUJarhead]

Don’t forget that as employees, they are entitled to workers comp benefits, which means that every injury, no matter how slight, suffered in the line and scope of employment, is compensable.  In Alabama, there’s a lifetime medical benefit.  Open up that can of worms.

Thanks for the answers, Wes.

Insurance was one benefit I thought of, that now those players would get the same benefit as the coach with regards to injuries or sickness.  I hadn't thought about the workers comp aspect of it, though.  Mainly if a player blows out their ACL, it's no longer the parents insurance, but the school's.

[wesfau2]

  Mainly if a player blows out their ACL, it's no longer the parents insurance, but the school's.

Which incentivizes a safer work environment.

Here comes flag football.

[CCTAU]

Don’t forget that as employees, they are entitled to workers comp benefits, which means that every injury, no matter how slight, suffered in the line and scope of employment, is compensable.  In Alabama, there’s a lifetime medical benefit.  Open up that can of worms.

That is one reason the NCAA avoided this for all of these years.

[CCTAU]

Remember the good ole days, when we railed over the fleet of Dodge Chargers parading around The Crapstoned?  Well, with the NIL cash flowing through college spurtz now, it ain't nuthin' but a thang.

FUGA QB, Carson Beck, just purchased himself a shiny new, Lamborghini Urus Performante for $270K.  Just what every college student needs to cruise around campus.

Sure beats the hell out of that little red car Bo Jackson drove around campus.
I think it was like a Mitsubishi Starion or something like that.

[eagleair89]

No, and I doubt he bought the car.  It's likely a lease.

Or his entire support network is full of dipshits.

Let's go with full of dipshits. ...it is fuga after all