Home
Articles
Photos
Interviews
Forums
New posts
Search forums
Georgia Tech Recruiting
Dashboard
What's new
New posts
New profile posts
Latest activity
Chat
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Georgia Tech Athletics
Georgia Tech Football
Name and Likeness Law Signed by Kemp
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="RonJohn" data-source="post: 800055" data-attributes="member: 2426"><p>I'm not sure how that will work out legally. I guess as long as schools don't conspire to require the same amount it could be a recruiting advantage of one school charges 75%, but another doesn't charge anything it wouldn't be a monopoly. I'm not sure which sounds worse: You are an amateur and can't earn money while you compete as an amateur. or: You can do ads and make money, but you are only allowed to keep 25% of anything you are worth.</p><p></p><p>Also, how would taxes work with that? Would the former student athlete fund be a charitable contribution? If so, 75% exceeds 50%, so they couldn't deduct all of the "donated" money. If they only get to keep 25% of anything they earn, I could envision scenarios in which they owe more income tax than they received.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 800055, member: 2426"] I'm not sure how that will work out legally. I guess as long as schools don't conspire to require the same amount it could be a recruiting advantage of one school charges 75%, but another doesn't charge anything it wouldn't be a monopoly. I'm not sure which sounds worse: You are an amateur and can't earn money while you compete as an amateur. or: You can do ads and make money, but you are only allowed to keep 25% of anything you are worth. Also, how would taxes work with that? Would the former student athlete fund be a charitable contribution? If so, 75% exceeds 50%, so they couldn't deduct all of the "donated" money. If they only get to keep 25% of anything they earn, I could envision scenarios in which they owe more income tax than they received. [/QUOTE]
Insert quotes…
Verification
What is the last name of the current Head Football Coach?
Post reply
Home
Forums
Georgia Tech Athletics
Georgia Tech Football
Name and Likeness Law Signed by Kemp
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top