Expect big changes in college sports if tax reform passes

[jeffk]

LSU officials say that potentially as much as $50 million for the university's heralded athletic programs could be lost through the change.

"It could be disastrous — for not just us, but every athletic department in the country," LSU athletic director Joe Alleva recently told The Advocate.

http://www.theadvocate.com/baton_ro...cle_700a8106-e4f8-11e7-a424-479c83956ae1.html

There are three major changes with the early House and Senate bills that would impact college sports.

1) In the past people could put up money to buy season tickets and then deduct a good portion of the money as a donation. It looks like that will no longer be the case. Colleges sports programs will lose a lot of money in donations. This looks like it is part of the reconciled plan.

Smaller Olympic types sports will probably face big cuts since they will have to spread the cuts around.

2) I forget if it was the Senate or House bill there was going to be a 20% excise tax on non-profits that pay a salary of over a million dollars. So colleges paying coaches multi-million dollar salaries are going to take a good hit. I don't know what the status of this is with the bill they are voting on now.

3) Under the Senate bill there would be a tax on non-profit merchandise of royalties of logos of college teams. I don't know the status of this with the bill they are voting on.

If you like minor college sports, expect changes.

 

[panamaican]

Hmm, something I can actually support since I think the whole NCAA system is deplorable exploitation of the "amateur" student athletes.

Even if someone wants to buy this idea that scholarships are compensation, it doesn't justify preventing the students from profiting from their own images. And I don't buy the scholarships argument because the scholarship is for athletic performance, not for education. And if it's for education then why can it be rescinded based on athletic performance?

So, I don't see how anything related to the NCAA should be receiving any sort of tax advantage under any tax system.

 

[MMAViewer]

Hmm, something I can actually support since I think the whole NCAA system is deplorable exploitation of the "amateur" student athletes.

Even if someone wants to buy this idea that scholarships are compensation, it doesn't justify preventing the students from profiting from their own images. And I don't buy the scholarships argument because the scholarship is for athletic performance, not for education. And if it's for education then why can it be rescinded based on athletic performance?

So, I don't see how anything related to the NCAA should be receiving any sort of tax advantage under any tax system.

I'm all for paying athletes, add a cap so that recruits will be spread out among other teams so they don't all go to the top teams.
That said, why would the GOP care if universities get hurt. They are just liberal snowflake building socialist incubators. Amirite?

 

[jeffk]

Basketball and football are revenue generating sports for the entire athletic department. If they lose money, smaller sports are going to face big cuts. I am a fan of track and field and volleyball. For the most part the athletes in those sports are true college athletes. They aren't one and done type of athletes.

It is going to be a bummer to see those sports get less funding and see some schools cut them entirely.

 

[Deleted member 409801]

The College sports thing is all out of whack anyway .The obscene budgets that some of these institutions of" higher learning" devote to sports is pretty hard to reconcile with what the actual function of the organisation is supposed to be in the first place.

 

[orangecuse]

Basketball and football are revenue generating sports for the entire athletic department. If they lose money, smaller sports are going to face big cuts. I am a fan of track and field and volleyball. For the most part the athletes in those sports are true college athletes. They aren't one and done type of athletes.

It is going to be a bummer to see those sports get less funding and see some schools cut them entirely.

Or they could take a small chunk from the millions the coaches and AD's make off the backs and health of Basketball and football players and fund those sports. If they're not going to give the money to the athletes that deserve it the least they can do is keep up the sham of the "student athlete" and fund the sports where that actually is true.

 

[Fugazy]

I'm all for paying athletes, add a cap so that recruits will be spread out among other teams so they don't all go to the top teams.
That said, why would the GOP care if universities get hurt. They are just liberal snowflake building socialist incubators. Amirite?

How much do you pay the athlete?

Do you pay a benchwarmer as much as a 5 star recruit?

Can D1 schools pay more than D3 schools?

What about collegate sports that don't make any money? Do their athletes get paid?

 

[icecoldvovchanchyn]

Good, I hate college sports

 

[MMAViewer]

How much do you pay the athlete?

Do you pay a benchwarmer as much as a 5 star recruit?

Can D1 schools pay more than D3 schools?

What about collegate sports that don't make any money? Do their athletes get paid?

1. Don't know how much to pay athletes, I don't follow the revenue of each program beat enough to have an educated guess in that.
2. No
3. Yes
4. No

 

[Fugazy]

1. Don't know how much to pay athletes, I don't follow the revenue of each program beat enough to have an educated guess in that.
2. No
3. Yes
4. No

Some folks would definitely use Title 9 to have something to say about that.

And if you can't pay them all fairly, then you can't pay any of them imo. An elite womans tennis player puts in as much work as a football player.

So would a 5-star recruit get a signing bonus? 4 year contract? What if he sucks? Can the school cut him?

What happens to scholarships? Do you pay the kid and deduct the cost of their schooling from it? What if they suck at school and aren't academically eligible? Do you still pay them?

You cant pay them, unless you pay all school athletes. It would create more inequity.

 

[Mike Hagger]

This is probably the best thing I have heard about the tax program.

Further I would advocate the entire racket called college needs to be overhauled.

There is too much money in college sports, and corruption, and involvement from leadership in both parties, there is no way in the end that D1 universities will be effected negatively due to the new tax program.

 

[MMAViewer]

Some folks would definitely use Title 9 to have something to say about that.

And if you can't pay them all fairly, then you can't pay any of them imo. An elite womans tennis player puts in as much work as a football player.

So would a 5-star recruit get a signing bonus? 4 year contract? What if he sucks? Can the school cut him?

What happens to scholarships? Do you pay the kid and deduct the cost of their schooling from it? What if they suck at school and aren't academically eligible? Do you still pay them?

You cant pay them, unless you pay all school athletes. It would create more inequity.

If somene does something that generates that much money they should be compensated. Not the schools who exploit them.
Set rules, if players aren't academically eligible they don't get paid, simple.
Signing bonus counts against cap.
Capitalism isn't about equality, orange slices and ribbons don't pay. If no one pays to see tennis then the schools shouldn' be held responsible to pay them, that' not the pc answer but it is reality.

 

[JudoThrowFiasco]

Season tickets could be written off as donations!?

 

[Headkicktoleg]

college sports are just dumb and made dumber by title IX that requires 1 female athlete for every male athlete.

How long before Alabama has 1/2 the football team identify as female? lol

 

[HIMBOB]

A collection of entirely reasonable measures.

Can't think many not receiving any money from college sports would object.


In fact these are so reasonable i have to doubt their legitimacy. What's The Advocate like as a paper? Anyone know it?

 

[Loko3]

Everything about the NCAA is deeply exploitative. 30 second ads during March Madness costs $1.5 million and players don’t get a dime. They are abused by sponsors since they cost nothing aside from supplying the shoes as well.

 

[cincymma79]

Hmm, something I can actually support since I think the whole NCAA system is deplorable exploitation of the "amateur" student athletes.

Even if someone wants to buy this idea that scholarships are compensation, it doesn't justify preventing the students from profiting from their own images. And I don't buy the scholarships argument because the scholarship is for athletic performance, not for education. And if it's for education then why can it be rescinded based on athletic performance?

So, I don't see how anything related to the NCAA should be receiving any sort of tax advantage under any tax system.

Because without he money form sports people watch you’d get no women’s sports at all

 

[panamaican]

Because without he money form sports people watch you’d get no women’s sports at all

So - people keep talking about college waste, how is spending millions of dollars on athletics at institutions of higher learning exempt from the definition of waste? And that's also not true since Title IX would still be in effect.

 

[cincymma79]

So - people keep talking about college waste, how is spending millions of dollars on athletics at institutions of higher learning exempt from the definition of waste.? And that's also not true since Title IX would still be in effect.

Yeah and with title nine in place we’ll lose a lot of sports like javelin and the like, since they’ll be keeping women’s basketball

 

[HereticBD]

LOL @ the NCAA whining about potential losses. Boo fucking hoo, you bunch of crooks.