From The Desk Of VP & Director of Athletics Mike Broeker
I write to you at a pivotal moment in the world of college athletics, a time of transformation that will undeniably shape the future of our programs. As you may know, the ongoing legal case surrounding the House settlement is one of many developments driving significant changes across college athletics.
The implications of this case, and others like it, are far-reaching, and the landscape of college sports is evolving in ways we could not have imagined just a few years ago.
Through it all, we remain deeply grateful for your unwavering support of Marquette Athletics. Whether through your generous donations, your presence cheering from the stands, or your active role in helping us shape the future of our programs, you have answered the call whenever our teams have needed you. Your commitment has not only helped us grow but has also empowered us to continually push the boundaries of what we can achieve—in competition, in the classroom, and in the community.
Our mission—rooted in excellence, faith, service, and leadership—guides every aspect of Marquette Athletics. We are committed to achieving excellence in all we do, from developing athletic talent to fostering academic and personal growth among our student-athletes. Through faith, we guide our athletes to become not only great competitors, but also strong individuals, grounded in purpose and a commitment to serving others. Leadership, inspired by the Jesuit tradition, compels us to act with integrity, responsibility, and humility, both on the field and in the community.
As you know, college athletics are undergoing significant disruptions. The growing presence of NIL and future revenue sharing agreements, the impact of the transfer portal, ongoing legal challenges, and the potential for future conference realignment all present both challenges and opportunities. These developments emphasize the need for us to continue investing in our programs to remain competitive while staying true to our values. We know that, as Marquette supporters, you have stood by us through every phase of change, and we need your partnership now more than ever.
Looking ahead, your continued support is essential to ensuring our success in this new era of college athletics. Your generosity fuels the dreams of our student-athletes and enables us to confront these challenges with confidence. Together, we will continue to position Marquette as a leader in college athletics—an institution that upholds integrity, character, and academic excellence, while striving for athletic success.
Thank you once again for your investment in and support of Marquette Athletics. While the road ahead may be uncertain, we are confident that with your commitment, we will meet these challenges head-on. Together, we will continue to move forward as a united community—guided by faith, dedicated to service, and committed to leadership and excellence.
We Are Marquette!
Mike Broeker
Vice President and Director of Athletics
Marquette University
Reads like someone who knows he can't compete with the money and is pivoting the program to become like SLU
Great, at this rate, season ticket holders will be asked to work a concession stand at Fiserv for one half of a basketball game each year.
Quote from: 🏀 on April 14, 2025, 10:35:57 PMGreat, at this rate, season ticket holders will be asked to work a concession stand at Fiserv for one half of a basketball game each year.
At least that means they'd be open for once.
There is definitely going to be a fundraiser. I would predict the equivalent of an athletics endowment. Something like $100 million and then funding that $5.7 million off of the interest.
Quote from: tower912 on April 15, 2025, 05:39:10 AMThere is definitely going to be a fundraiser. I would predict the equivalent of an athletics endowment. Something like $100 million and then funding that $5.7 million off of the interest.
That's a lot of candy bars to sell
Have a beer fest.
Maybe for every $X, Shaka has to sign someone from the portal. That will get some people donating tons.
For $1 mil, Shaka will sit down with a scooper for an hour and let the scooper tell him everything he is doing wrong. From the portal, to not employing an aircraft carrier or shooting mid range jumpers, to his fashion sense.
Quote from: tower912 on April 15, 2025, 05:39:10 AMThere is definitely going to be a fundraiser. I would predict the equivalent of an athletics endowment. Something like $100 million and then funding that $5.7 million off of the interest.
Yep. Said this a year or two ago. Need an NIL endowment and $100 million is a good place to start. This was coming as soon as NIL was allowed. The natural conclusion of pay for play.
I think the chances of raising $100M for an NIL endowment isn't very high. That would be about 10% of the University's current overall endowment which supports all sorts of varied educational programs and scholarships. Furthermore when you have annual operational needs for NIL that approach $6 million or so, my guess is that you are going to struggle to even get there annually much less multiply that by a factor of 20.
Interesting to think .. MBB is considered a 'revenue sport' that subsidizes all other sports.
Not any more, right?
Quote from: mu_hilltopper on April 15, 2025, 08:00:57 AMInteresting to think .. MBB is considered a 'revenue sport' that subsidizes all other sports.
Not any more, right?
I'm guessing WVB and WBB maybe can stand on their own barely breaking even or maybe run at a small loss but as far as Lax Track n Field soccer etc how long do those programs really have?
Quote from: Galway Eagle on April 15, 2025, 08:25:25 AMI'm guessing WVB and WBB maybe can stand on their own barely breaking even or maybe run at a small loss but as far as Lax Track n Field soccer etc how long do those programs really have?
I doubt they drop any sports. I would guess that a lot of sports are going to come with less scholarships available. Marquette will decided where to invest athletic scholarship dollars, my guess is fully funding MBB, WBB, and WVB, while the rest are given partial scholarship allocations that the coaches need to figure out.
https://x.com/NILvsNLI/status/1912133513165590613
Yeah, I doubt Marquette is alone in that regard.
But I would feel better with a more experienced athletic director honestly.
Quote from: The Sultan on April 15, 2025, 07:52:58 AMI think the chances of raising $100M for an NIL endowment isn't very high. That would be about 10% of the University's current overall endowment which supports all sorts of varied educational programs and scholarships. Furthermore when you have annual operational needs for NIL that approach $6 million or so, my guess is that you are going to struggle to even get there annually much less multiply that by a factor of 20.
SMU raised $100M in about 24 hours. Come on MU!
Quote from: WhiteTrash on April 15, 2025, 09:14:59 AMSMU raised $100M in about 24 hours. Come on MU!
We need them to become Southern Marquette University
Quote from: tower912 on April 15, 2025, 06:46:54 AMFor $1 mil, Shaka will sit down with a scooper for an hour and let the scooper tell him everything he is doing wrong. From the portal, to not employing an aircraft carrier or shooting mid range jumpers, to his fashion sense.
This is a great idea! However, Shaka should agree to certain rules. No laughing, smirking, eye rolling or clasping his hands to his head while the scooper is sharing his wisdom.
Quote from: Scoop Snoop on April 15, 2025, 09:28:09 AMThis is a great idea! However, Shaka should agree to certain rules. No laughing, smirking, eye rolling or clasping his hands to his head while the scooper is sharing his wisdom.
I would contribute to a crowd funded video of this if we were allowed to select the scooper.
Quote from: mu_hilltopper on April 15, 2025, 08:00:57 AMInteresting to think .. MBB is considered a 'revenue sport' that subsidizes all other sports.
Not any more, right?
I think this is soon going to be true for all schools "revenue sports"
Does title 9 get protections when the teams become employees over students?
@TAMU, Knower of Ball
Quote from: Frenns Liquor Depot on April 15, 2025, 09:31:57 AMI would contribute to a crowd funded video of this if we were allowed to select the scooper.
I vote for Muggsy. Shaka could retell the story of their meeting many times, no longer bound by the rules I suggested.
Quote from: Scoop Snoop on April 15, 2025, 09:35:34 AMI vote for Muggsy.
Not a chance. The only scooper possible is rocket. He could tell Shaka the story of how he fired his receptionist for shaving her head.
Quote from: tower912 on April 15, 2025, 05:39:10 AMThere is definitely going to be a fundraiser. I would predict the equivalent of an athletics endowment. Something like $100 million and then funding that $5.7 million off of the interest.
good luck with that.
Quote from: Galway Eagle on April 15, 2025, 09:16:06 AMWe need them to become Southern Marquette University
Or find oil in southeast Wisconsin. Drill baby, drill!!
Quote from: tower912 on April 15, 2025, 06:46:54 AMFor $1 mil, Shaka will sit down with a scooper for an hour and let the scooper tell him everything he is doing wrong. From the portal, to not employing an aircraft carrier or shooting mid range jumpers, to his fashion sense.
I am going to need more than an hour on his fashion sense
Quote from: The Sultan on April 15, 2025, 07:52:58 AMI think the chances of raising $100M for an NIL endowment isn't very high. That would be about 10% of the University's current overall endowment which supports all sorts of varied educational programs and scholarships. Furthermore when you have annual operational needs for NIL that approach $6 million or so, my guess is that you are going to struggle to even get there annually much less multiply that by a factor of 20.
Raising that money specifically for athletics is especially difficult in private schools where the endowment is critical to operations and donors are targeted for operations over athletics. Put another way, schools like MU would rather take a seven figure check for a faculty chair than for NIL.
I think we are underestimating the power of basketball at our University. I agree with Sultan that the money could go to much more practical needs. But part of this University's identity is basketball and without it the alumni engagement will be much less. That will lead to less giving, less enrollment and future donors. If it can be done, an NIL endowment is a necessary evil. MU has to figure it out to stay relevant. Has to be done. Probably as important as any other project on campus in the big picture.
Quote from: Galway Eagle on April 15, 2025, 08:25:25 AMI'm guessing WVB and WBB maybe can stand on their own barely breaking even or maybe run at a small loss but as far as Lax Track n Field soccer etc how long do those programs really have?
as a part of Give Marquette Day VB fundraises for travel. They may not be able to keep up.
Quote from: Billy Hoyle on April 15, 2025, 10:41:54 AMas a part of Give Marquette Day VB fundraises for travel. They may not be able to keep up.
That'd be a huge loss. Those games draw pretty well and it's been our most stable program since I was a sophomore which isn't exactly yesterday...
I think the most likely solution would be a major downsizing of all non revenue sports. IE theres zero need for Marquette track to be going to new york for meets in the Big East. I forsee a bunch of these sports going into new midwestern conferences while things like the Big Ten, Big East, etc exist for revenue sports.
Quote from: Shooter McGavin on April 15, 2025, 10:18:55 AMI think we are underestimating the power of basketball at our University. I agree with Sultan that the money could go to much more practical needs. But part of this University's identity is basketball and without it the alumni engagement will be much less. That will lead to less giving, less enrollment and future donors. If it can be done, an NIL endowment is a necessary evil. MU has to figure it out to stay relevant. Has to be done. Probably as important as any other project on campus in the big picture.
Sorry, the bolded is not what I meant to imply. I think it's just going to be extremely difficult to raise money for a $100M "NIL endowment." The University has a ton of wonderful donors, but it doesn't seem like they are as oriented as much toward basketball and athletics as they are at other places.
Of course endowing $100 million worth of other things frees up resources that Marquette can use on NIL. That is likely the route they will have to go.
Quote from: #UnleashSean on April 15, 2025, 11:57:31 AMI think the most likely solution would be a major downsizing of all non revenue sports. IE theres zero need for Marquette track to be going to new york for meets in the Big East. I forsee a bunch of these sports going into new midwestern conferences while things like the Big Ten, Big East, etc exist for revenue sports.
It's likely that there will just be less scholarships available more than impacting travel.
Quote from: #UnleashSean on April 15, 2025, 11:57:31 AMI think the most likely solution would be a major downsizing of all non revenue sports. IE theres zero need for Marquette track to be going to new york for meets in the Big East. I forsee a bunch of these sports going into new midwestern conferences while things like the Big Ten, Big East, etc exist for revenue sports.
there are no dual meets in both XC and T&F, only one Big East championship (in Storrs for T&F this season). Other than a meet in Berkeley, the teams do not compete outside of the midwest during this season.
We already cut all scholarships for XC, track and tennis. They can't compete at even a low level with that funding. The NCAA requires 14 sports to be division 1. MU is at 16, with XC and indoor and outdoor track counting as 6. So those teams should be safe, if being among the very worst teams in the Midwest and all of division 1 is safe. Tennis could easily be cut, and likely will now that scholarships are gone. Men's golf could also be cut, but it's probably very low cost to operate.
I'm not sure what teams MU needs to sponsor to be in Big East. To keep men's basketball in Big East MU must sponsor a minimum number of men's and women's sports, so maybe no room to drop even the max of 2 to stay division 1.
Quote from: The Sultan on April 15, 2025, 12:55:05 PMIt's likely that there will just be less scholarships available more than impacting travel.
Are "Scholarships" separate from the Athletic Department budget or are they included. If they are included that is 1 million per year (70k x 15) just for men's basketball out of the AD budget.
Quote from: Billy Hoyle on April 15, 2025, 12:58:34 PMthere are no dual meets in both XC and T&F, only one Big East championship (in Storrs for T&F this season). Other than a meet in Berkeley, the teams do not compete outside of the midwest during this season.
I threw out track just because. I didnt actually look at anything. However, just looking at the composite schedule right now, Mens Lacrosse is going to Washington DC, Mens golf is in NC, mens and woman's tennis went to xavier, Then tennis will be headed to SC, Track will be back in CT.
That was just April, I did not look to see what any of these teams did in February/March nor does this include the NCAA championships in each sport. To me, this was all fine when basketball was able to pay for all of these other sports. But now that it's not, it seems like a lot of bloated travel for non revenue sports.
Quote from: Mug Rack on April 15, 2025, 01:13:55 PMWe already cut all scholarships for XC, track and tennis. They can't compete at even a low level with that funding. The NCAA requires 14 sports to be division 1. MU is at 16, with XC and indoor and outdoor track counting as 6. So those teams should be safe, if being among the very worst teams in the Midwest and all of division 1 is safe. Tennis could easily be cut, and likely will now that scholarships are gone. Men's golf could also be cut, but it's probably very low cost to operate.
I'm not sure what teams MU needs to sponsor to be in Big East. To keep men's basketball in Big East MU must sponsor a minimum number of men's and women's sports, so maybe no room to drop even the max of 2 to stay division 1.
I'm sure this is a wider issue then just Marquette, and am also sure the NCAA will be knocking down sporting requirements with schools looking to offload the bloated travel schedules. Were in unprecedented times for college sports, I don't think we really need to look at current regulations outside of title 9. Sweeping changes will be coming.
Quote from: muwarrior69 on April 15, 2025, 01:15:12 PMAre "Scholarships" separate from the Athletic Department budget or are they included. If they are included that is 1 million per year (70k x 15) just for men's basketball out of the AD budget.
I have no idea what budget it actually sits, but any type of financial aid, academic scholarships, need based aid, or athletic scholarships, is generally budgeted for by the campus. As will direct NIL payments to the athletes.
Will Scoop have to pay players for using their image for the SOTG after each win?
Quote from: muwarrior69 on April 15, 2025, 02:03:37 PMWill Scoop have to pay players for using their image for the SOTG after each win?
That's probably only like 8 games next year :/
Quote from: Shooter McGavin on April 15, 2025, 10:18:55 AMI think we are underestimating the power of basketball at our University. I agree with Sultan that the money could go to much more practical needs. But part of this University's identity is basketball and without it the alumni engagement will be much less. That will lead to less giving, less enrollment and future donors. If it can be done, an NIL endowment is a necessary evil. MU has to figure it out to stay relevant. Has to be done. Probably as important as any other project on campus in the big picture.
Ah, yes, NIL. The great savior to college BB and FB. Millions of bucks thrown around, players at 3 or 4 schools, players not showing up for practice and asking for more money, transfers galore, coaches getting out because of it, and most importantly, money talks.
I find this surprising, willie. Based on your non-stop criticism of Shaka for eschewing the portal and NIL bag drops, I assumed you were a huge fan of NIL.
Quote from: tower912 on April 15, 2025, 02:55:46 PMI find this surprising, willie. Based on your non-stop criticism of Shaka for eschewing the portal and NIL bag drops, I assumed you were a huge fan of NIL.
Willie's not a fan of anything.
With his obsession with snagging a big NIL bucks aircraft carrier from the portal, and his criticism of Shaka and MU for failing to land one, I just assumed he was a fan. Mea culpa.
Quote from: Jay Bee on April 15, 2025, 02:12:41 PMThat's probably only like 8 games next year :/
A segment of Scoop would call this overly optimistic.
Quote from: #UnleashSean on April 15, 2025, 09:34:12 AMI think this is soon going to be true for all schools "revenue sports"
Does title 9 get protections when the teams become employees over students?
@TAMU, Knower of Ball
Yes. Student employees are still students
Quote from: willie warrior on April 15, 2025, 02:48:17 PMAh, yes, NIL. The great savior to college BB and FB. Millions of bucks thrown around, players at 3 or 4 schools, players not showing up for practice and asking for more money, transfers galore, coaches getting out because of it, and most importantly, money talks.
No Country for Old Men
Quote from: TAMU, Knower of Ball on April 15, 2025, 04:43:46 PMYes. Student employees are still students
So how much of the scholarship is tax exempt?
Quote from: muwarrior69 on April 15, 2025, 05:21:54 PMSo how much of the scholarship is tax exempt?
I have no idea what you're talking about.
Quote from: MU82 on April 15, 2025, 03:36:52 PMA segment of Scoop would call this overly optimistic.
Scoop paying or winning 8 games?
Quote from: willie warrior on April 15, 2025, 02:48:17 PMAh, yes, NIL. The great savior to college BB and FB. Millions of bucks thrown around, players at 3 or 4 schools, players not showing up for practice and asking for more money, transfers galore, coaches getting out because of it, and most importantly, money talks.
So, basically what coaches have been doing for 60 years?
Quote from: #UnleashSean on April 15, 2025, 06:10:56 PMSo, basically what coaches have been doing for 60 years?
Also, what joyless willie has been doing for 60+ years.
Quote from: TAMU, Knower of Ball on April 15, 2025, 05:23:32 PMI have no idea what you're talking about.
If Players are employees I am sure some part of a 70k tuition will be taxable income.
Quote from: muwarrior69 on April 16, 2025, 06:23:31 AMIf Players are employees I am sure some part of a 70k tuition will be taxable income.
Whether they are students or student employees is irrelevant. It depends on what the scholarship is used for
Quote from: TAMU, Knower of Ball on April 16, 2025, 06:55:42 AMWhether they are students or student employees is irrelevant. It depends on what the scholarship is used for
Correct. Anything up to the total cost of attendance is tax free.
Quote from: The Sultan on April 16, 2025, 07:27:36 AMCorrect. Anything up to the total cost of attendance is tax free.
Not sure this is true.
Cost of attendance and qualified education expense are two different things, aina?
Quote from: Jay Bee on April 16, 2025, 08:15:05 AMNot sure this is true.
Cost of attendance and qualified education expense are two different things, aina?
I wasn't talking about what you can claim as credit or deduct, but whether or not a scholarship is taxable. I believe those are different.
I have been arguing that scholarships are taxable compensation for athletes for years. It's called a barter transaction and the Internal Revenue Code is clear about barter transactions.
Most of you laughed at me about this.
That said, athletics is like a pendulum. It starts out way to one side, with owners and sponsors exploiting athletes badly. Then one day, it becomes clear HOW MUCH the owners and sponsors are exploiting athletes and someone sues, legislates, rules or otherwise acts and the pendulum swings way in the other direction.
Major League Baseball is Exhibit "A" in extreme pendulum swings and is an example of how far college athletics can go if there is't some effort to organize and control the chaos. We went from the reserve clause to free agency and baseball players having more income that some well-off nations! The tide is turning against the sport in no small measure because the athletes and owners are obsessed with "winning" the financial side of the game. We won't even talk about the NBA!
My fear is college basketball, as well as all college revenue sports, are going the same way.
Quote from: dgies9156 on April 16, 2025, 08:34:18 AMI have been arguing that scholarships are taxable compensation for athletes for years. It's called a barter transaction and the Internal Revenue Code is clear about barter transactions.
Most of you laughed at me about this.
That said, athletics is like a pendulum. It starts out way to one side, with owners and sponsors exploiting athletes badly. Then one day, it becomes clear HOW MUCH the owners and sponsors are exploiting athletes and someone sues, legislates, rules or otherwise acts and the pendulum swings way in the other direction.
Major League Baseball is Exhibit "A" in extreme pendulum swings and is an example of how far college athletics can go if there is't some effort to organize and control the chaos. We went from the reserve clause to free agency and baseball players having more income that some well-off nations! The tide is turning against the sport in no small measure because the athletes and owners are obsessed with "winning" the financial side of the game. We won't even talk about the NBA!
My fear is college basketball, as well as all college revenue sports, are going the same way.
Scholarships are literally not taxable.
Quote from: The Sultan on April 16, 2025, 08:36:33 AMScholarships are literally not taxable.
You're so wrong.
Quote from: The Sultan on April 16, 2025, 08:36:33 AMScholarships are literally not taxable.
Tuition, books, lab fees are probably not, but room & board may be.
https://www.irs.gov/taxtopics/tc421#:~:text=If%20you%20receive%20a%20scholarship,
If players become employees then only 5200 of tuition is tax exempt.
https://pocketsense.com/employer-reimbursement-do-pay-taxes-7755724.html
Quote from: muwarrior69 on April 16, 2025, 09:20:11 AMIf players become employees then only 5200 of tuition is tax exempt.
https://pocketsense.com/employer-reimbursement-do-pay-taxes-7755724.html
No that is not accurate. That is if a third party employer pays educational expenses.
Another wrinkle, if players become employees do they have to pay state income taxes in the states they travel to? If this is where were headed each player better have a good tax accountant.
Quote from: muwarrior69 on April 16, 2025, 09:13:03 AMTuition, books, lab fees are probably not, but room & board may be.
https://www.irs.gov/taxtopics/tc421#:~:text=If%20you%20receive%20a%20scholarship,
this is correct. Though many institutions pay the taxes for domestic kids. International students are charged for anything beyond room and board. Some schools cover those costs partially or in full, some do not.
Quote from: tower912 on April 15, 2025, 02:55:46 PMI find this surprising, willie. Based on your non-stop criticism of Shaka for eschewing the portal and NIL bag drops, I assumed you were a huge fan of NIL.
No sir. I am not. But since it is part of the landscape, saddle up or die.
Quote from: willie warrior on April 16, 2025, 10:21:26 AMNo sir. I am not. But since it is part of the landscape, saddle up or die.
I doubt he'll die
Quote from: The Sultan on April 16, 2025, 10:33:52 AMI doubt you've read the contract.
Reading is for nerds
Quote from: willie warrior on April 16, 2025, 10:21:26 AMNo sir. I am not. But since it is part of the landscape, saddle up or die.
Oh, Willie. Of course I am all in. I have saddled up. And we have been having this argument for 15 years through 3 coaches. I have remained resolutely positive. You have remained resolutely negative.
Quote from: The Sultan on April 16, 2025, 08:36:33 AMScholarships are literally not taxable.
The question is whether the "scholarship" fits under the meaning of the academic term or whether it is generically used to hide compensation.
I can see where a strong student that receives a scholarship because of his scholastic achievement and is required to maintain at least a 3.0 average receives a non-taxable scholarship.
But, a basketball player whose scholarship is contingent on his performing as a basketball player who is part of a team that generates millions of dollars for his ownership (aka, the school), is in fact being compensated. If, for example, Chase Ross left the basketball team, would his scholarship be guaranteed?
I doubt it. That's why scholarships are barter transactions. The ballplayers are paid with housing, academic advancement and food for their services.
One analogy: if my company would have provided me a company car and I drove the car for non-business uses (i.e., going to church, taking the children to school etc.), the non-business use is considered compensation. I pay a tax on it!
What a useless conversation. I don't think any of us need to worry about taxation kn scholarships, and I'm sure marquette handles it quite well for their student athletes.
Quote from: #UnleashSean on April 16, 2025, 03:08:27 PMWhat a useless conversation. I don't think any of us need to worry about taxation kn scholarships, and I'm sure marquette handles it quite well for their student athletes.
I believe you're being naive
PS- if schools are doing TOO well in this area, that could also result in additional compensation. This is a huge mess (not talking MU specifically) — just a question of when the crap hits the fan.
Sounds like MU's Athletic Dept will want to hire a tax accountant to handle all of the players' tax issues. Another benefit we can offer our guys.
Quote from: tower912 on April 16, 2025, 11:25:06 AMOh, Willie. Of course I am all in. I have saddled up. And we have been having this argument for 15 years through 3 coaches. I have remained resolutely positive. You have remained resolutely negative.
Your negativity is showing by your analysis of what you think I think. Shaka is the right fit for MU. I just think he needs to wake up on what is happening. Call that negative if you want. I believe he could do better
I have never advocated getting rid of him
I did with the lonesome cowboy and Wojo.
When he starts down a different path, I will bend the knee like you.
Quote from: BrewCity83 on April 16, 2025, 04:44:47 PMSounds like MU's Athletic Dept will want to hire a tax accountant to handle all of the players' tax issues. Another benefit we can offer our guys.
Today I learned that people who make a million dollars playing basketball need to pay taxes!
Quote from: Frenns Liquor Depot on April 16, 2025, 07:30:40 PMToday I learned that people who make a million dollars playing basketball need to pay taxes!
Perfect........college is supposed to prepare you for the rest of your life.........
Welcome to our world.
you all realize that Marquette absolutely employs account/tax experts for the Athletics teams right? Right???
Quote from: #UnleashSean on April 16, 2025, 10:35:09 PMyou all realize that Marquette absolutely employs account/tax experts for the Athletics teams right? Right???
I don't know what "account/tax experts" are, but I doubt whatever you think is correct. There is a far divide between support staff who help guide and inform, generally, student-athletes, and a tax professional or expert.
Quote from: Jay Bee on April 17, 2025, 05:19:52 AMI don't know what "account/tax experts" are, but I doubt whatever you think is correct. There is a far divide between support staff who help guide and inform, generally, student-athletes, and a tax professional or expert.
Yeah, I don't see anyone on the athletics staff that comes close to being a "tax expert."
Right boys, Marquette obviously doesn't have a system setup to help their student athletes manage all these new challenges with taxes. Completely correct. No doubt about it. Yall have unlocked something that Marquette never foresaw.
Stevie did everyone's taxes this year
Quote from: #UnleashSean on April 17, 2025, 08:12:23 AMRight boys, Marquette obviously doesn't have a system setup to help their student athletes manage all these new challenges with taxes. Completely correct. No doubt about it. Yall have unlocked something that Marquette never foresaw.
Dude, you said they "employ account/tax experts," but when it is pointed out that no one approaching a "tax expert" is employed by the athletic department, you get all indignant?
You overstated it. Take the L and move on.
Quote from: #UnleashSean on April 17, 2025, 08:12:23 AMRight boys, Marquette obviously doesn't have a system setup to help their student athletes manage all these new challenges with taxes. Completely correct. No doubt about it. Yall have unlocked something that Marquette never foresaw.
Help manage and gather info — eg, INFLUCR (so), etc of course. Having a tax expert eg professional as you suggest, no. Huge difference. You want NO business telling SAs what to put on their tax forms. Tools to manage and information gather, general education - yes. Perhaps you just don't understand the diff, but it's extremely important here
If you're rich, you don't pay taxes
Quote from: The Sultan on April 15, 2025, 02:56:40 PMWillie's not a fan of anything.
False. He is a major fan of nonstop bitching.
Quote from: The Sultan on April 17, 2025, 08:19:49 AMDude, you said they "employ account/tax experts," but when it is pointed out that no one approaching a "tax expert" is employed by the athletic department, you get all indignant?
You overstated it. Take the L and move on.
Wait, do you think the athletic department doesn't have a single accountant?
Quote from: #UnleashSean on April 17, 2025, 10:31:22 AMWait, do you think the athletic department doesn't have a single accountant?
Yes they have business managers and the likely who run the operations.
Do you really think that people who do this work also have the expertise to advise student athletes on taxation issues with NIL?
Quote from: The Sultan on April 17, 2025, 10:34:29 AMYes they have business managers and the likely who run the operations.
Do you really think that people who do this work also have the expertise to advise student athletes on taxation issues with NIL?
I absolutely believe Marquette has the resources and knowledge to provide the student athletes with taxation issues regarding NIL yes. I would be shocked if a majority of schools didn't.
But I guess we should listen to the dudes on the forum arguing if a scholarship is taxable or not. :o
Quote from: #UnleashSean on April 17, 2025, 10:39:58 AMI absolutely believe Marquette has the resources and knowledge to provide the student athletes with taxation issues regarding NIL yes. I would be shocked if a majority of schools didn't.
But I guess we should listen to the dudes on the forum arguing if a scholarship is taxable or not. :o
"Provide student athletes with taxation issues regarding NIL" is certainly a lot different than "tax experts."
I would certainly think that they have resources that would direct them to actual "tax experts" that could assist them - maybe even a handful of Marquette alumni in the area. But no, I don't think the person who runs the business operations of the department is doling out a bunch of tax advice to the student athletes.
Quote from: Jay Bee on April 17, 2025, 05:19:52 AMI don't know what "account/tax experts" are, but I doubt whatever you think is correct. There is a far divide between support staff who help guide and inform, generally, student-athletes, and a tax professional or expert.
Correct. No entity wants to be liable in providing tax advice. They may provide outside referrals, that is about it.
Quote from: Uncle Rico on April 17, 2025, 08:23:44 AMIf you're rich, you don't pay taxes
Not according to government statistics, which show the Top 10% of all taxpayers pay between 70% and 80% of taxes collected.
Quote from: dgies9156 on April 21, 2025, 09:32:52 AMNot according to government statistics, which show the Top 10% of all taxpayers pay between 70% and 80% of taxes collected.
Stoopid facts >:(
I nominate Orlando O'Hare to provide tax guidance for our student athletes.
Quote from: swoopem on April 17, 2025, 08:16:52 AMStevie did everyone's taxes this year
With needing to apply for any extensions. And including Oso and Tyler, since they had MU-related income in 2024.
Stevie can do it all.
Quote from: dgies9156 on April 21, 2025, 09:32:52 AMNot according to government statistics, which show the Top 10% of all taxpayers pay between 70% and 80% of taxes collected.
What percent of the wealth do they hold? Statistics are crazy like that.
I love coming to Scoop for in depth tax discussions. Really gets my heart pumping!!
Does Broeker get to list the desk for any deductions?
Quote from: Uncle Rico on April 17, 2025, 08:23:44 AMIf you're rich, you don't pay taxes
You must be a democrat.
nm
I bet Rocky doesn't list his haul from Scoop dues on his tax return. I'm gonna rat him out and earn a 10% squealer fee from the IRS.
Quote from: avid1010 on April 21, 2025, 01:01:43 PMWhat percent of the wealth do they hold? Statistics are crazy like that.
Brother Avid:
We don't tax wealth. We tax income.
There's a huge difference.
This is a perfect opportunity to change back to our rightful nickname. People will pony up money for that.
Quote from: PuertoRicanNightmare on April 22, 2025, 08:49:59 PMThis is a perfect opportunity to change back to our rightful nickname. People will pony up money for that.
I'd love to see Hilltoppers come back
Quote from: Uncle Rico on April 23, 2025, 06:29:50 AMI'd love to see Hilltoppers come back
Better than the force-fed Golden Eagles.
Quote from: muwarrior69 on April 23, 2025, 11:23:16 AMBetter than the force-fed Golden Eagles.
Force-fed? 😂😂😂😂
It's a mascot.
We should change to the Marquette Worriers.
Quote from: cheebs09 on April 23, 2025, 11:32:04 AMWe should change to the Marquette Worriers.
A bunch of this board should.
Quote from: muwarrior69 on April 23, 2025, 11:23:16 AMBetter than the force-fed Golden Eagles.
Better than Warriors, too, which was a ripoff of the Braves. Though, Warriors is a good reminder of the genocide wrought on the native population of the americas by those preaching in the name of a higher deity.
Quote from: Uncle Rico on April 23, 2025, 12:16:46 PMBetter than Warriors, too, which was a ripoff of the Braves. Though, Warriors is a good reminder of the genocide wrought on the native population of the americas by those preaching in the name of a higher deity.
Warriors represents the brave and noble who fought against oppression. Bring back Warriors. MU's First Warrior, full blood member of the Menomonie Nation, agrees.
Quote from: Viper on April 23, 2025, 01:06:34 PMWarriors represents the brave and noble who fought against oppression. Bring back Warriors. MU's First Warrior, full blood member of the Menomonie Nation, agrees.
They all died or were enslaved
Quote from: cheebs09 on April 23, 2025, 11:32:04 AMWe should change to the Marquette Worriers.
Yep. Official mascot:
(https://upload.wikimedia.org/wikipedia/en/a/a3/Eeyore_%28Disney_character%29.png)
Mascot is a sweater vest wearing old dude sitting at his basement computer.
Quote from: Viper on April 23, 2025, 01:06:34 PMWarriors represents the brave and noble who fought against oppression. Bring back Warriors. MU's First Warrior, full blood member of the Menomonie Nation, agrees.
It's never returning.
Quote from: The Sultan on April 23, 2025, 01:47:03 PMIt's never returning.
Also, that mascot disappeared because no Native American students would subjugate themselves to the costume anymore
Quote from: Uncle Rico on April 23, 2025, 02:00:35 PMAlso, that mascot disappeared because no Native American students would subjugate themselves to the costume anymore
Viper's friend didn't step up as an alumnus. Sad.
I see the offseason is treating us all well.
Quote from: muwarrior69 on April 23, 2025, 11:23:16 AMBetter than the force-fed Golden Eagles.
The Marquette golden fois gras
Quote from: Galway Eagle on April 25, 2025, 01:01:39 PMThe Marquette golden fois gras
Rahm Emanuel, or was it Richie D, says nope?! Btw, I'm hearing Rahm is considering a comeback.
Quote from: Uncle Rico on April 23, 2025, 02:00:35 PMAlso, that mascot disappeared because no Native American students would subjugate themselves to the costume anymore
Imagine that,, they saw previous First Warriors being booed by fellow students for bot being goofy and didn't want to get the same treatment?
And the guy who was used for the Warrior silhouette came out against it years later as well
Remember the backlash our TBT team faced when they switched to Ultimate Warriors?
Quote from: Jay Bee on April 26, 2025, 07:12:16 AMRemember the backlash our TBT team faced when they switched to Ultimate Warriors?
No
Quote from: Jay Bee on April 26, 2025, 07:12:16 AMRemember the backlash our TBT team faced when they switched to Ultimate Warriors?
It wasn't about the use of "Warriors"
https://www.anonymouseagle.com/2021/5/26/22455850/marquette-golde-eagles-mens-basketball-tbt-tournament-name-change-rebrand-ultimate-warrior
Quote from: Billy Hoyle on April 26, 2025, 09:29:14 AMIt wasn't about the use of "Warriors"
https://www.anonymouseagle.com/2021/5/26/22455850/marquette-golde-eagles-mens-basketball-tbt-tournament-name-change-rebrand-ultimate-warrior
Oh, I know.
This reads like Broeker is going to look for private equity investments
Quote from: Shaka Flocka Flame on April 29, 2025, 11:56:23 PMThis reads like Broeker is going to look for private equity investments
I seriously doubt that. It would be a terrible idea.
Quote from: The Sultan on April 30, 2025, 04:08:07 AMI seriously doubt that. It would be a terrible idea.
Every school is....
And its not a terrible idea
Quote from: jfp61 on April 30, 2025, 03:18:16 PMEvery school is....
And its not a terrible idea
Your first sentence is wrong. Many public schools legally aren't going to be able to do this because it places obligations on public assets.
Regarding your second, it is a terrible idea. Schools should not be giving up future guaranteed revenue streams for cash up front. Especially since many of them have access to debt vehicles with rates that are well below the rate of return that private equity wants.
Quote from: The Sultan on April 30, 2025, 03:26:20 PMYour first sentence is wrong. Many public schools legally aren't going to be able to do this because it places obligations on public assets.
Regarding your second, it is a terrible idea. Schools should not be giving up future guaranteed revenue streams for cash up front. Especially since many of them have access to debt vehicles with rates that are well below the rate of return that private equity wants.
Tell that to Ohio State.
https://www.pionline.com/private-equity/private-equity-firms-seeking-invest-big-ten-college-conference-sports-face-hurdles (https://www.pionline.com/private-equity/private-equity-firms-seeking-invest-big-ten-college-conference-sports-face-hurdles)
Selling 49% is not giving up "revenue" it is introducing a partner, and REAL investment.
Whether or not it is smart is case by case.
Quote from: jfp61 on April 30, 2025, 03:31:00 PMTell that to Ohio State.
https://www.pionline.com/private-equity/private-equity-firms-seeking-invest-big-ten-college-conference-sports-face-hurdles (https://www.pionline.com/private-equity/private-equity-firms-seeking-invest-big-ten-college-conference-sports-face-hurdles)
Selling 49% is not giving up "revenue" it is introducing a partner, and REAL investment.
Whether or not it is smart is case by case.
Ah. Someone works in private equity I see. "No you aren't giving up revenue. You now have TRUE PARTNER!!!" ::) ::) ::)
Anyway, I don't have a subscription so I can't see the article you linked.
But it's a terrible idea...and no, every school isn't looking for private equity investments.
I'd rather us start rolling out Jerseys covered in sponsorships like the euro leagues than give a private equity stake.
Quote from: Galway Eagle on April 30, 2025, 04:31:25 PMI'd rather us start rolling out Jessie's covered in sponsorships like the euro leagues than give a private equity stake.
It's a shame Ziggie's didn't make it to this moment for sponsorship
Quote from: JakeBarnes on April 30, 2025, 05:44:15 PMIt's a shame Ziggie's didn't make it to this moment for sponsorship
Hoping for National Liquor to write a check