collapse

* Resources


UDM 4

* E Illinois SOTG

Dawson Garcia

16 points, 8 rebounds,
1 block, 28 minutes

2020-21 Season SoG Tally
Garcia1
John1

'19-20
'18-19 * '17-18 * '16-17
'15-16 * '14-15 * '13-14
'12-13 * '11-12 * '10-11

* Big East Standings

* Recent Posts

Unis by GooooMarquette
[Today at 10:36:27 PM]


NM by GLlanas
[Today at 10:19:48 PM]


General College Basketball Thread 2020-2021 by pbiflyer
[Today at 09:54:35 PM]


Giannis Per A Homer Tweet by BLM
[Today at 08:52:17 PM]


Three Man Weave Oklahoma State Preview by PGsHeroes32
[Today at 08:30:17 PM]


How many years will Dawson play at MU? by MU82
[Today at 06:33:21 PM]


MU Mock Draft Prospects by Trump Loves The Big East
[Today at 05:58:38 PM]

Please Register - It's FREE!

The absolute only thing required for this FREE registration is a valid e-mail address.  We keep all your information confidential and will NEVER give or sell it to anyone else.
Login to get rid of this box (and ads) , or register NOW!

* Next up: Oklahoma State

Marquette
75
Marquette vs.

Oklahoma State

Date/Time: Dec 1, 2020, 6:00pm
TV: FS1
Schedule for 2019-20
E. Illinois
50

Author Topic: NCAA investigations cont.  (Read 30519 times)

Marq3332

  • Starter
  • ***
  • Posts: 190
Re: NCAA investigations cont.
« Reply #275 on: August 26, 2020, 10:02:56 AM »
Looks like the NCAA is finally getting around to doing something about Coach Strong A-- Offer.

https://www.espn.com/mens-college-basketball/story/_/id/29745009/ncaa-lsu-coach-wade-part-impermissible-payments-potential-recruits-others?linkId=98149375
How long do these ‘investigations’ take? Where the BE is concerned, isn’t Creighton under the microscope?

Galway Eagle

  • All American
  • *****
  • Posts: 7302
Re: NCAA investigations cont.
« Reply #276 on: August 26, 2020, 10:47:07 AM »
How long do these ‘investigations’ take? Where the BE is concerned, isn’t Creighton under the microscope?

So was Depaul from what I recall but they only offered and fired the coach who did it.

jesmu84

  • All American
  • *****
  • Posts: 4998
Re: NCAA investigations cont.
« Reply #277 on: August 26, 2020, 12:08:19 PM »
Lol. What a joke.

4everDawson

  • All American
  • *****
  • Posts: 10288
  • I prefer a team that's eligible, not paid for
Re: NCAA investigations cont.
« Reply #278 on: August 26, 2020, 10:00:06 PM »
So was Depaul from what I recall but they only offered and fired the coach who did it.

My recollection is that an assistant (associate head?) coach arranged for someone to move in with a player to make sure that the player did work or studied for an exam that the player had to pass to become eligible.  And the player had little impact on the DePaul program before leaving.
You actually have a degree from Marquette?

Quote from: muguru
No...and after reading many many psosts from people on this board that do...I have to say I'm MUCH better off, if this is the type of "intelligence" a degree from MU gets you. It sure is on full display I will say that.

4everDawson

  • All American
  • *****
  • Posts: 10288
  • I prefer a team that's eligible, not paid for
Re: NCAA investigations cont.
« Reply #279 on: August 26, 2020, 10:08:06 PM »

I actually don't think people are treating that number as profit.  They are saying that since athletics are responsible for so much revenue, the players should have compensation than just a scholarship.

I realize there isn't profit, but if you look around at the facilities, coaches salaries, administration, etc., you can see why.  Everyone gets to partake in the party except the players at some of these places.  They have to go to class, stay out of trouble, play games during a pandemic....and get a scholarship for it.

It's actually quite possible that athletic departments won't be affected at all.  With some players getting paid under the table 100k or more just to commit, maybe all that will happen is that the booster pay to prospective student-athletes simply goes legit.  Instead of all the skullduggery, schools will develop pools of well heeled boosters who will fund up front legitimate payments to recruits.  My objection to the current system as always been more the NCAA prohibiting outside payments to players because they don't like how that would affect recruiting.
You actually have a degree from Marquette?

Quote from: muguru
No...and after reading many many psosts from people on this board that do...I have to say I'm MUCH better off, if this is the type of "intelligence" a degree from MU gets you. It sure is on full display I will say that.

dgies9156

  • All American
  • *****
  • Posts: 2980
Re: NCAA investigations cont.
« Reply #280 on: August 28, 2020, 02:36:31 PM »
That's good info.

That will be be good for the university as a whole,  the tax burden on the basketball team will hurt the non-revenue sports. 40% will go to taxes.

The real tax issue is why college athletic scholarships are not taxed.

Basketball scholarships are barter transactions, pure and simple. In IRS Topic Number 420, it says, "Bartering is the exchange of goods or services. Usually there's no exchange of cash."

Topic 420 goes on to say: "You must include in gross income in the year of receipt the fair market value of goods or services received from bartering."

You interpret this literally and there's no way a college athletic scholarship is not taxable income. The only left to do is determine the fair market value of a Marquette scholarship and the players to file quarterly withholding!

Fluffy Blue Monster

  • All American
  • *****
  • Posts: 4060
  • Send it in...medium-sized fella!!
Re: NCAA investigations cont.
« Reply #281 on: August 28, 2020, 02:41:49 PM »
The real tax issue is why college athletic scholarships are not taxed.

Basketball scholarships are barter transactions, pure and simple. In IRS Topic Number 420, it says, "Bartering is the exchange of goods or services. Usually there's no exchange of cash."

Topic 420 goes on to say: "You must include in gross income in the year of receipt the fair market value of goods or services received from bartering."

You interpret this literally and there's no way a college athletic scholarship is not taxable income. The only left to do is determine the fair market value of a Marquette scholarship and the players to file quarterly withholding!


Portions of athletic scholarships are taxable - room and board for instance.
“True patriotism hates injustice in its own land more than anywhere else.”  -Clarence Darrow

WhiteTrash

  • All American
  • *****
  • Posts: 1250
Re: NCAA investigations cont.
« Reply #282 on: August 28, 2020, 02:58:18 PM »
The real tax issue is why college athletic scholarships are not taxed.

Basketball scholarships are barter transactions, pure and simple. In IRS Topic Number 420, it says, "Bartering is the exchange of goods or services. Usually there's no exchange of cash."

Topic 420 goes on to say: "You must include in gross income in the year of receipt the fair market value of goods or services received from bartering."

You interpret this literally and there's no way a college athletic scholarship is not taxable income. The only left to do is determine the fair market value of a Marquette scholarship and the players to file quarterly withholding!
This is an interesting take. I think, barring some little known IRS rule, you may have a good point. Not my area of expertise but we maybe opening a whole new can of worms.

dgies9156

  • All American
  • *****
  • Posts: 2980
Re: NCAA investigations cont.
« Reply #283 on: August 28, 2020, 03:02:06 PM »
This is an interesting take. I think, barring some little known IRS rule, you may have a good point. Not my area of expertise but we maybe opening a whole new can of worms.

Can you see the University of Alabama if suddenly about 80 football players have to pay taxes on their scholarship? I think Alabama would secede from the union all over again!

Ditto for Louisiana, Georgia, Mississippi, Texas and Tennessee.

Actually, I'm sure there is some little-known tax exemption for it. Probably plugged in by a Congressman from Tuscaloosa and a Senator from the "Great" State of Alabama.

WhiteTrash

  • All American
  • *****
  • Posts: 1250
Re: NCAA investigations cont.
« Reply #284 on: August 28, 2020, 03:16:42 PM »
Can you see the University of Alabama if suddenly about 80 football players have to pay taxes on their scholarship? I think Alabama would secede from the union all over again!

Ditto for Louisiana, Georgia, Mississippi, Texas and Tennessee.

Actually, I'm sure there is some little-known tax exemption for it. Probably plugged in by a Congressman from Tuscaloosa and a Senator from the "Great" State of Alabama.
Funny and true. Ohio might join also. :D

Pakuni

  • Registered User
  • All American
  • *****
  • Posts: 8101
Re: NCAA investigations cont.
« Reply #285 on: August 28, 2020, 03:27:14 PM »
The real tax issue is why college athletic scholarships are not taxed.

Basketball scholarships are barter transactions, pure and simple. In IRS Topic Number 420, it says, "Bartering is the exchange of goods or services. Usually there's no exchange of cash."

Topic 420 goes on to say: "You must include in gross income in the year of receipt the fair market value of goods or services received from bartering."

You interpret this literally and there's no way a college athletic scholarship is not taxable income. The only left to do is determine the fair market value of a Marquette scholarship and the players to file quarterly withholding!

Why would an athletic scholarship be any more taxable than an academic or need-based scholarship?
Regardless, tax law is pretty clear. As Fluffy notes, scholarship money used for room and board is taxable. Scholarship money used for tuition, books and other academic costs is not.

dgies9156

  • All American
  • *****
  • Posts: 2980
Re: NCAA investigations cont.
« Reply #286 on: August 28, 2020, 06:04:51 PM »
Why would an athletic scholarship be any more taxable than an academic or need-based scholarship?
Regardless, tax law is pretty clear. As Fluffy notes, scholarship money used for room and board is taxable. Scholarship money used for tuition, books and other academic costs is not.

I'm sure there is a private letter ruling somewhere supporting you.

But the argument I make is that an athletic scholarship is different than, say a needs scholarship or an academic scholarship. Here, the university is expecting performance -- basketball playing -- in return for compensation. The same would hold for a band scholarship or a theater scholarship.

If the student stops playing basketball, the university can and usually does terminate the contract (scholarship) at the end of the semester. The raw definition of barter fits here. 

WhiteTrash

  • All American
  • *****
  • Posts: 1250
Re: NCAA investigations cont.
« Reply #287 on: August 28, 2020, 06:12:59 PM »
I'm sure there is a private letter ruling somewhere supporting you.

But the argument I make is that an athletic scholarship is different than, say a needs scholarship or an academic scholarship. Here, the university is expecting performance -- basketball playing -- in return for compensation. The same would hold for a band scholarship or a theater scholarship.

If the student stops playing basketball, the university can and usually does terminate the contract (scholarship) at the end of the semester. The raw definition of barter fits here.
This an interesting topic. As a father with a daughter on a significant academic scholarship I never thought about it. Shame on me. I can't even lend my own companies money interest free per the IRS. I'm not complaining but it is a unique situation.

Pakuni

  • Registered User
  • All American
  • *****
  • Posts: 8101
Re: NCAA investigations cont.
« Reply #288 on: August 28, 2020, 07:00:29 PM »
I'm sure there is a private letter ruling somewhere supporting you.

But the argument I make is that an athletic scholarship is different than, say a needs scholarship or an academic scholarship. Here, the university is expecting performance -- basketball playing -- in return for compensation. The same would hold for a band scholarship or a theater scholarship.

If the student stops playing basketball, the university can and usually does terminate the contract (scholarship) at the end of the semester. The raw definition of barter fits here.

Here's the IRS on scholarships.

https://www.irs.gov/taxtopics/tc421

Academic and need-based scholarships typically include performance requirements as well, such as maintaining a GPA above a certain level, taking a minimum course-load, working on campus, etc.

WhiteTrash

  • All American
  • *****
  • Posts: 1250
Re: NCAA investigations cont.
« Reply #289 on: August 28, 2020, 08:03:03 PM »
Here's the IRS on scholarships.

https://www.irs.gov/taxtopics/tc421

Academic and need-based scholarships typically include performance requirements as well, such as maintaining a GPA above a certain level, taking a minimum course-load, working on campus, etc.
Great info. Thank you. My daughter has a minimum GPA to continue receiving money. So far so good. Whew!

4everDawson

  • All American
  • *****
  • Posts: 10288
  • I prefer a team that's eligible, not paid for
Re: NCAA investigations cont.
« Reply #290 on: August 29, 2020, 05:11:05 PM »
Here's the IRS on scholarships.

https://www.irs.gov/taxtopics/tc421

Academic and need-based scholarships typically include performance requirements as well, such as maintaining a GPA above a certain level, taking a minimum course-load, working on campus, etc.

Thank God, no need for me to stay awake nights worrying about that 1/4 scholarship I got from the Marquette Tribune for selling ads even though I clearly provided services.
You actually have a degree from Marquette?

Quote from: muguru
No...and after reading many many psosts from people on this board that do...I have to say I'm MUCH better off, if this is the type of "intelligence" a degree from MU gets you. It sure is on full display I will say that.

Pakuni

  • Registered User
  • All American
  • *****
  • Posts: 8101
Re: NCAA investigations cont.
« Reply #291 on: October 22, 2020, 08:38:34 AM »
Notice of allegations reportedly arriving at Arizona today.

Uncle Rico

  • All American
  • *****
  • Posts: 1599
Re: NCAA investigations cont.
« Reply #292 on: October 22, 2020, 08:44:13 AM »
Notice of allegations reportedly arriving at Arizona today.

Is it summer already?
Col. Jessup went to jail

BLM

  • All American
  • *****
  • Posts: 13645
Re: NCAA investigations cont.
« Reply #293 on: October 22, 2020, 09:07:51 AM »
Notice of allegations reportedly arriving at Arizona today.

Can we have it CC'd to DaRon Holmes?
Black Lives Matter

TAMU Eagle

  • All American
  • *****
  • Posts: 17235
  • Do I Love This Team? Yes Aidoo
Re: NCAA investigations cont.
« Reply #294 on: October 22, 2020, 10:33:15 AM »
God, grant me the serenity to accept the things I cannot change,
The courage to change the things I can,
And the wisdom to know the difference.

~Prayer of the Scooper

Pakuni

  • Registered User
  • All American
  • *****
  • Posts: 8101
Re: NCAA investigations cont.
« Reply #295 on: October 23, 2020, 02:37:18 PM »
@BrucePascoe: Arizona acknowledges it has received a Notice of Allegations from the NCAA but says it won't release it "in order to protect the integrity of the ongoing enforcement process."

Someone file a FOIA request.

MarquetteMike1977

  • Starter
  • ***
  • Posts: 216
Re: NCAA investigations cont.
« Reply #296 on: October 23, 2020, 06:19:29 PM »
@BrucePascoe: Arizona acknowledges it has received a Notice of Allegations from the NCAA but says it won't release it "in order to protect the integrity of the ongoing enforcement process."

Someone file a FOIA request.

Thank You. Jeff Borzello ESPN Staff Writer has an article on the Website today at 3:11CT “Arizona receives NCAA’s notice of allegations on men’’s basketball team”

Fluffy Blue Monster

  • All American
  • *****
  • Posts: 4060
  • Send it in...medium-sized fella!!
Re: NCAA investigations cont.
« Reply #297 on: October 23, 2020, 08:33:30 PM »
“True patriotism hates injustice in its own land more than anywhere else.”  -Clarence Darrow

Billy Hoyle

  • All American
  • *****
  • Posts: 1454
  • GOATs win championships
Re: NCAA investigations cont.
« Reply #298 on: October 25, 2020, 01:05:56 PM »
Arizona charged with nine violations, five Level One.
What, you still throwing up bricks? What is this, a Masons convention? Clank, clank! I need, like, a welding torch to play in this league! I got an idea, let's just stop right now and gather up all these bricks and let's build a shelter for the homeless so maybe your mother will have a place to stay

Hards_Alumni

  • All American
  • *****
  • Posts: 4562
Re: NCAA investigations cont.
« Reply #299 on: October 25, 2020, 02:03:01 PM »
Arizona charged with nine violations, five Level One.

The consequences that Northern Arizona will suffer will be unimaginable in modern sports history

 

feedback