Originally posted by lanceodom
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2022 College Football - Offseason
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Originally posted by Heath View PostSo a Southern Cal kid committed to USC since last fall all the sudden wants to see what College Station, TX looks like in late July. It’s almost like what I wrote, naw can’t be…
I’m shocked that Hale isn’t a Horn by now. The longer this recruitment plays out the worse I feel about it for Texas. He’s going to Bama this weekend.
DryFit sent him as a spy to see how Coach Terry does that BBQ [emoji51]
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Originally posted by Chase This! View PostYes. Did you not see what he did last year? He just picks and chooses his five stars. Almost not fair.
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Originally posted by Heath View PostThere has always been pay for play all over college athletics; however, it was a very small percent of the guys that were actually getting money. Now it is open to everybody and there is a legal work around with NIL.
The reason the for the "cover your tracks" is these dollar amounts are starting to get so out of hand, that is when the IRS comes into play as its harder to hide the money. Everyone thought bitcoin was the answer, but now players are seeing the money they were offered through bitcoin not be worth as much and asking for more. It is hard to hide some of these dollar amounts.
Edit - I personally do not believe all the Bitcoin / Thumb Drive talk even though people who I trust say it is real.
There will always be a combination of bags and NIL going forward, but boosters are going to have to play it smart in how it is presented now. The cash in the McDonalds bags works for $10K, but not for $250K.
If a booster (not a school) wants to pay a player that's within the rules, and I haven't seen any limits in the new rule.
I 100% guarantee that the boosters with this much money have lawyers and accountants that will take care of the player with the IRS.
I'd imagine the kid would be set up as owner of an LLC and file taxes just like any other business, would be the smart way to do it.
There is nothing to hide anymore.
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Originally posted by Michael View PostOR...The biggest recruiting weekend of the year - the Annual "Pool Party" (which has essentially been on the schedule since last year's pool party) - is this weekend. The list of 5 starts attending, committed or otherwise, is extensive.
Just like last year, recruiting momentum and commitments will start increasing after this weekend. But it's convenient that (two days before the pool party) the "money flow has suddenly opened back up" - a narrative that will certainly be "evidenced" by the commitments that start coming in next week.‘23 Croots visiting A&M this weekend (so far): 💎
5⭐️ QB Nelson
5⭐️ WR Hale
5⭐️ LB Hill
5⭐️ DE Hicks
5⭐️ WR Sampson
4⭐️ LB Gullette
4⭐️ QB Novosad
4⭐️ S P Bowen
4⭐️ DL J Bowens
4⭐️ RB Love
4⭐️ S Jackson
4⭐️ OL Betrand
4⭐️ OL Jones
DT Sanu T
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Originally posted by flatlander View PostThere is no reason to hide anything from anybody, not just from the IRS but also the public
If a booster (not a school) wants to pay a player that's within the rules, and I haven't seen any limits in the new rule.
I 100% guarantee that the boosters with this much money have lawyers and accountants that will take care of the player with the IRS.
I'd imagine the kid would be set up as owner of an LLC and file taxes just like any other business, would be the smart way to do it.
There is nothing to hide anymore.
The players and the tax implications will be something to keep an eye on.
EDIT - Actually they can have a booster walk up and give them money, but that is against the rules and the old bag game that has been around forever. In the past, this as reserved for a few players only.Last edited by Heath; 07-29-2022, 10:36 AM.
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Originally posted by Heath View PostYou can not just walk up to a kid and pay him money. Any NIL deal has to be approved by the schools compliance department. It has to fall under the NIL guidelines and can not be a pay for play (even though they technically are).
The players and the tax implications will be something to keep an eye on.
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Originally posted by Heath View PostYou can not just walk up to a kid and pay him money. Any NIL deal has to be approved by the schools compliance department. It has to fall under the NIL guidelines and can not be a pay for play (even though they technically are).
The players and the tax implications will be something to keep an eye on.
EDIT - Actually they can have a booster walk up and give them money, but that is against the rules and the old bag game that has been around forever. In the past, this as reserved for a few players only.
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Originally posted by RaginCagin View Post#1 recruit in the country isnt leaving southern Cal and Rileys wide open offense for College Station and Jimbo's outdated offense scheme. He will go and have a good time at a pool party but that's the end of it.
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