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<blockquote data-quote="RamblinRed" data-source="post: 857714" data-attributes="member: 1776"><p>It already is a business on both sides, it just isn't called that.</p><p>And what is the 'penalty' for violating the agreement - losing your scholarship - not a big deal to a young man that has for all practical purposes left school.</p><p></p><p>I actually sort of wish college football would just be declared a business, i'm not sure either side understands what that means. From an AA standpoint you could potentially lose your tax exempt status, which will cost millions of dollars of year in revenue to the AA's as they will both have to pay taxes to the government as well as likely have lower donations as they would no longer be tax exempt for those who make the donations.</p><p></p><p>On the player side, if you are declared an 'employee' then you would have to pay taxes on the benefits being provided by the AA. Also, as an employee you can be easily 'fired'. If the coach doesn't like how you performed then you could just be 'fired' from the team and lose all the benefits it is providing.</p></blockquote><p></p>
[QUOTE="RamblinRed, post: 857714, member: 1776"] It already is a business on both sides, it just isn't called that. And what is the 'penalty' for violating the agreement - losing your scholarship - not a big deal to a young man that has for all practical purposes left school. I actually sort of wish college football would just be declared a business, i'm not sure either side understands what that means. From an AA standpoint you could potentially lose your tax exempt status, which will cost millions of dollars of year in revenue to the AA's as they will both have to pay taxes to the government as well as likely have lower donations as they would no longer be tax exempt for those who make the donations. On the player side, if you are declared an 'employee' then you would have to pay taxes on the benefits being provided by the AA. Also, as an employee you can be easily 'fired'. If the coach doesn't like how you performed then you could just be 'fired' from the team and lose all the benefits it is providing. [/QUOTE]
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