2020 Early recruiting rankings very interesting
- Thread starter REDFISTFURY3
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https://www.espn.com/college-sports...s-way-athletes-profit-names-images-likenesses
Care to comment? zipp?
GOP wants to introduce legislation that if college athlete does receive monetary compensation, it should be taxable... not sure they anticipated that.
I don’t think it is the GOP I think it is the law, everybody else had to pay on their income why shouldn’t they. I also heard if they are going to make money off endorsements than there is a possibility they will have to pay taxes on the benefits they receive from the universities. So there they will also have to pay taxes on their scholarships which would be over $50,000 per year as a rough estimate.
That second part would never happen - athletic scholarships are akin to merit based academic scholarships - which a high percentage of college students are awarded by universities - large and small. No way that you could carve out one without the other.
I know this is an old comment but it needs to be said that Churchill Downs 100% wants casino gambling/sports betting to be legalized. This myth may have been true at one time, but CDI is absolutely ready for the legalization of these forms of gambling. They have prepared by building Derby City Gaming, and remodeling Churchill to prepare. If these bills were to be passed, CDI would be the first ones celebrating. Derby City would immediately bring in slots that are not based off of historical racing, and they most likely would add an OTB. The simulcast room above Gate 17 at Churchill would become a full fledged sports book.
The schools will never classify scholarship athletes as paid employees. That is not what any of this is about.
It’s about money and once that ball starts rolling down the hill it is hard to stop. The athletes are already paid with everything they get. Then they want the universities to pay for all the facilities, equipment and all necessities it takes to display their talents. They give part of their money that they make to help pay for the maintenance of the facilities.
My biggest concern is what programs will benefit the most? Will schools like Alabama & Clemson get even more talent than what they already have. As they say the rich get richer.
My biggest concern is what programs will benefit the most? Will schools like Alabama & Clemson get even more talent than what they already have. As they say the rich get richer.
Obviously there are people that still aren't comprehending the laws being passed. To profit from ones likeness means exactly what it sounds like. For example: A local business is preparing to shoot its latest commercial and they decide it would be wise to target U of L fans since their business is in the area. They contact UofL and ask for permission to use a current basketball player. Before said player would not be allowed to make any money from being in the commercial. The new law allows said player to charge the business money for appearing in their commercial.
The UofL basketball player will profit from his likeness or image. The University of Louisville has absolutely no involvement in the deal. They make no money and pay no one any money.
Also, get real man. A football or basketball player at a division 1 power 5 school will NEVER come close to getting back what he gives to a school. Both sports have very healthy profit margins that are generated by the annual influx of high caliber athletes.
The universities provide free tuition, housing, meals, medical care, access to training facilities, transportation to and from games etc, tutoring, gear, access to qualified coaching staffs etc. But any time anyone feels like these athletes are getting enough and need to be happy about what they have , do the math and see how much money is made per player.
So take all profit from football and divide it by 85 and all profit from basketball and divide it by 13 and then come back and tell us they get enough. Please
The UofL basketball player will profit from his likeness or image. The University of Louisville has absolutely no involvement in the deal. They make no money and pay no one any money.
Also, get real man. A football or basketball player at a division 1 power 5 school will NEVER come close to getting back what he gives to a school. Both sports have very healthy profit margins that are generated by the annual influx of high caliber athletes.
The universities provide free tuition, housing, meals, medical care, access to training facilities, transportation to and from games etc, tutoring, gear, access to qualified coaching staffs etc. But any time anyone feels like these athletes are getting enough and need to be happy about what they have , do the math and see how much money is made per player.
So take all profit from football and divide it by 85 and all profit from basketball and divide it by 13 and then come back and tell us they get enough. Please
I did it for you. Forbes magazine reported the University of Louisville was the most profitable college basketball program at 23 million a year. This is obviously the most extreme example but its also reality.
With a 23 million dollar annual profit we would divide 23 million by 13, which is the allowed number of scholarships per team. So each UofL basketball player for their services generates somewhere in the neighborhood of $1,750,000. One point seven five million dollars.
On the flip side Alabama's 2017 profit for football was 100.4 million. That breaks down to $ 1,176,470 per player. One million one hundred seventy six thousand four hundred seventy dollars. Actually I left out the .4 of 100.4 mill. Anyway the schools are fine. Don't act like these guys are getting what they give.
With a 23 million dollar annual profit we would divide 23 million by 13, which is the allowed number of scholarships per team. So each UofL basketball player for their services generates somewhere in the neighborhood of $1,750,000. One point seven five million dollars.
On the flip side Alabama's 2017 profit for football was 100.4 million. That breaks down to $ 1,176,470 per player. One million one hundred seventy six thousand four hundred seventy dollars. Actually I left out the .4 of 100.4 mill. Anyway the schools are fine. Don't act like these guys are getting what they give.
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