Calif. bill proposes college sports revenue sharing. "Players would be eligible to receive up to $25,000 in annual payments at the end of their season, and any additional money would be held in a trust until they graduate. For the most profitable college teams in California, this formula could lead to hundreds of thousands of dollars paid to players who get their degrees."
Interesting. I wonder if out-of-state players could claim a portion of the revenue generated because of their participation? It certainly opens the door to all sorts of issues.
I would say something about California but then I'd have to give myself warning points for injecting politics into a sports thread. LOL!
Yes, subject to California taxation laws too. I think this is a slippery slope to legalize pay for play.... agents... unions... collective bargaining. That and all the rest of what I despise about the NFL. Lol... might have move this to Too Hot.
Maybe a systemic rational way to deal with NIL chaos? Pretty sure what we have now with unregulated player movement/pay is less sustainable than a negotiated solution. Great wine, the computer/software /network you are on, great music like chili peppers, Big Sur, beautiful women, still the no. 1 place to create a unicorn… Lots to commend Cali.
Why? Because the money to fund them would be redirected per the new law? If so, surely they aren't requiring 100% or even near 100% . . . and I'm not so sure they can set the athletic budget for Stanford even if they wanted to.
they are demanding 50 percent of the revenue. Most schools already operate at or near a deficit for football, so this will put them deep into the red, they might not even be able to keep football, let alone other sports. But if you lol at UF s specifically, the year before Covid, UF football made around 94 million dollars, and had a surplus of 45 million. That 45 million largely paid for every other sport in campus. If the athletes got half that, we would actually be operating football at a loss and would have to cut to break even, and every other program on campus would be out of luck. Outside of maybe basketball, gymnastics, and maybe baseball. But if their athletes got half too, then they would be underwater.
I guess the question resolves to this: "Do people think football should make billions of dollars that are used to pay conferences, coaches, the NCAA tens of millions of dollars AND fund other minor sports" OR "Do people think football should make billions of dollars that are used to pay conferences, coaches, the NCAA, AND the players tens of millions of dollars AND fund other minor sports?" Funny how coaches, for example, pulled tens of millions out of the system, including for not coaching after being fired, but nobody worried how that effected women's soccer. Look at the PGA tour responding to LIV golf - somehow the PGA has come up with $150 million in "extra" money for top players (btw - not a LIV fan). Not sure how this plays out but pretty sure that the players are just the last pigs at the trough, and were forced to litigate since the NCAA refused health care/stipends etc for so long. Blaming them for doing what everyone else in the business that used to be college football and endangering athletic departments (or minor college sports) seems disingenuous to me.
If it walks like a duck and quacks like a duck, then it is a duck. College sports is a business that has nothing to do with education....it should be taxable.
I'm guessing the days of building a multi-million dollar facilities for non-revenue sports are over. Not necessarily a bad thing either in my opinion. It is one thing for UF football players to walk around thinking they are kings, even though only about 5% will ever make a dime on football. Some will become fabulously wealthy, though statistically even many of those will end up bankrupt. It is another issue altogether for non-revenue sport athletes to be treated exceptionally differently from regular students, when what they need to do for a great career is be students. Sports for the vast majority of young adults, and even at power 5 schools, should remain a means to an end. Unfortunately, the tail wagged the dog and here we are.
Athletes and entertainers must pay State taxes when performing in a State with an income tax, so once paid for playing in a game or paid for a likeness in a State, you are likely subject to pay State income taxes when you home team is in California or playing away games in States with an income tax, provided earning above certain thresholds.
It’s where it has to go to level the playing field though. This crap of buying championships is not for me either
