Players that took money

#51
#51
it is my understanding that any kid proven to have taken money is ineligible until said funds are paid back and then they face a suspension. With the Wiseman kid at Memphis state basketball I think it was about 10 games or roughly 1/3 of the season. He couldn't or wouldn't pay it back so he just dropped out and started getting ready for the draft.
 
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#53
#53
SayUWantAreVOLution said:
Have you EVER heard of an athlete having issues with the IRS from college payments? No. And you won't. Squeezing people with zero income because they kept 75k isn't profitable to the IRS. Why chase minnows?

The NCAA can strip eligibility but by that time the athlete turns pro OR the NCAA offers the athlete immunity to "come clean" on the school. If you're the NCAA, would you rather punish 5 athletes or gather info on a program that's paying bunches of athletes over the years? Again, nobody chases minnows.
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The IRS audits plenty of people with low incomes. Roughly 2% of people that declare $0 income get audited, which is actually higher than any other income group below those who make millions of dollars a year.

I'm not sure what you mean by "Squeezing people with zero income who pocketed 75k".

I can't speak specifically to college football athletes, but that is almost an entire year salary for me.

If I took home an entire year's worth of salary under the table and the IRS found out, I would be absolutely ****ed. I can guarantee from the stats on the matter and people who have been audited for far less, they would not write me off as a "minnow" that's for sure.
 
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#57
#57
Ten_Titans said:
The IRS audits plenty of people with low incomes. Roughly 2% of people that declare $0 income get audited, which is actually higher than any other income group below those who make millions of dollars a year.

I'm not sure what you mean by "Squeezing people with zero income who pocketed 75k".

I can't speak specifically to college football athletes, but that is almost an entire year salary for me.

If I took home an entire year's worth of salary under the table and the IRS found out, I would be absolutely ****ed. I can guarantee from the stats on the matter and people who have been audited for far less, they would not write me off as a "minnow" that's for sure.
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Of course many, many, MANY more get audited who make $75k or less...... or are in the 0 bracket....... that's, sadly, a lot of America. If you make a bunch of money, you pay someone who makes you appear NOT to make a bunch of money.

But when it comes to chasing down college athletes who got paid, it's just not worth it. The kid denies it, the program isn't going to name names or risk never being able to recruit again.

Reggie Bush got sued by a booster in civil court and settled. That's a court record, something the IRS can use. Heresay, "Coach Pruitt and Coach Nieds were giving out thousands......." with no record, that's not going anywhere except for the NCAA which ISN'T a court of law. Plead the 5th and the IRS is stuck trying to chase real evidence.

It's not like the university was cutting checks to players or Pruitt was handing them personal checks. The credit card stuff is 🤦‍♂️ dumb but unless Nieds was rolling with a Black American Express, how much money can you spend at a strip club...... wait...... don't answer that.

This is the darkest of dark money by default. That it landed on the Chancellor's desk and became a "we can't cover this up" situation is sad but relatively speaking, this isn't a ton of money.
 
#59
#59
Vollifer1949 said:
If it is proven that recruits took money do they face eligibility issues? Does the IRS investigate these matters?
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Its a secret held close to the vest by the Gestapo, a need to know type situation




I doubt the IRS comes calling, however
 
#60
#60
1982Alum said:
You take money; you should lose all your college eligibility immediately. Head straight to the pros if you can. Not good enough? Too bad. Should have thought about that before you took illegal payments.
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There wouldn’t be any college sports if they do that.... we have paid players for years.
 
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#61
#61
It amazes how naive some are about college athletics. I can think of two great basketball players I'm 100% sure didn't get paid in college: Kobe and LeBron. Moses Malone was squeaky clean in college too, I'm sure. 🙄😎
 
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#63
#63
SayUWantAreVOLution said:
It's absolutely amazing to see someone who thinks the billion dollar business of college athletics is "pristine" from corruption. Name a billion dollar business you think is free from corruption. I'll wait.
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Where did you get that? I'll wait.
 
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#67
#67
Roustabout said:
I was wondered on the image and likeness thing. Could a player sell his autographed football to a coach?
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I’m sure Saban has already thought of that, as well as bama players doing commercials and adds for his many car dealerships.
GBO!!
 
#69
#69
TartanTurff said:
Ironically, the university has a reporting obligations for any amounts paid to an individual in excess of $600, not counting reimbursement of incurred expenses on an official visit.

Heard the rumors that Cornbread had a Blue Horse notebook with the total amounts paid to each individual recruit, wouldn't think he would be that bold, but he might be that not smart. In any litigation with Pruitt all of that information will be defense exhibit one.
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Do you realize that this is happening and has happened at every big time college football program for decades? I mean do you really think Tennessee was handing out bags of money to poor kids, and no one else was?If that was the case Tennessee would’ve got any recruit they wanted. They’ve been giving Alabama players cars with trunks full of cash for years. Why do so many Alabama Crimson Tide football players drive nice cars? | mgoblog
 
#71
#71
VolBricks said:
Is it "Unearned" income or did they do enough to actually "Earn" that money.
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Maybe Pruitt had UTAD had them cut the players a 1099. That's how stupid the whole thing was. It's how Vegas handles big cash wins.
 
#72
#72
chas said:
the ones that took money should not be able to play ncaa or pro football for at least two years just what i think. probley do the same thing elsewhere
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If you or your kid were offered money...in all likelihood youd take it and rationalize why its ok.


Personally, if was a billionaire i would be giving $100 handshakes to all of them. Asn some would get several hand shakes
 
#73
#73
volfan37840 said:
it is my understanding that any kid proven to have taken money is ineligible until said funds are paid back and then they face a suspension. With the Wiseman kid at Memphis state basketball I think it was about 10 games or roughly 1/3 of the season. He couldn't or wouldn't pay it back so he just dropped out and started getting ready for the draft.
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Your right about Wiseman
 
#74
#74
volfan37840 said:
it is my understanding that any kid proven to have taken money is ineligible until said funds are paid back and then they face a suspension. With the Wiseman kid at Memphis state basketball I think it was about 10 games or roughly 1/3 of the season. He couldn't or wouldn't pay it back so he just dropped out and started getting ready for the draft.
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I seem to remember Tee had an issue like that his senior year ,boosters sent him about $4m. Can’t remember how that worked out
 
#75
#75
chas said:
the ones that took money should not be able to play ncaa or pro football for at least two years just what i think. probley do the same thing elsewhere
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Nevermind what you think. Our opinions don't mean doodily crap on it, and we are not judge jury and executioner. If the player impressed pro scouts enough, and fills a teams needs well enough? It probably will not keep him from getting drafted if the past is any indication. However, among this roster, some may not be anywhere close to that yet.

The big question I have is if they (Tennessee and/or the NCAA) have traced the giving of money to certain coaches, they have almost certainly traced it to who's pocket it ended up in. Will those names be redacted or made public? And with Tennessee's roster so gutted so far, will that include some players remaining? Will the NCAA want the names of all players? I see this possibly getting really ugly, both for players who left and who remain.

Personally, I feel Tennessee's main reason for self reporting this was just to save 12 million dollar plus in buyouts, and be rid of what they felt was a lame duck coach ASAP. And the NCAA may see it that way too. This might not be a SMU hit. But it might get really damn close. Yeah, the response has been completely different, but the level of stupidity seems almost similar.
 
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