Plus I very much doubt that new donations to the school that could in theory get routed to players as NIL will ever be tax deductible like current UR donations
Spider Collective NIL
- Thread starter SpiderTrap
- Start date
Actually I thought I heard that was one of the potential benefits of the new law. That it now would be tax deductible again vs. not with collectives. Idk the tax lawyers will get paid now too.
I don’t think designed to take from any endowments guess we’ll see. The big schools could siphon off % from ticket sales tho. Big advantage we don’t have.
The crux of it at least initially was to eliminate the vacuum. Yes schools were directing their collectives even tho not supposed to but now it would be legal for school to say how $ distributed.
Mooney can’t play dumb about what goes on now.
Hmmm very interesting … would be happy if that turns out to be the case but seems crazy odd to send a check to essentially pay player Jimmy since he is going to be so good for the Spiders and get a tax write off
I agree a little odd & don't take as gospel either. Just what I've heard early stages. also of course u could still allocate dollars specifically not to be used for NIL. But it's kinda like the general Spider athletic fund or UR school general fund is now. There r funds for specific things and then there is the general bucket giving. u give $ to that the the school chooses how to spend it, u don't even know. I probably own some mulch on campus.
Well, it's hard to compete with a dog on most anything, especially loyalty. Too high of a standard for most humans. So, I understand that the Spiders can't match dogs in loyalty, but I was hoping they could surpass cats!😉
But you have to look at this from a marketing perspective. Your not paying these kids just for the sake of paying them. Especially in basketball - since we don't have big time football - if we get a team that makes a run to the sweet 16 or beyond, that will probably bring a sizeable return to the athletic department, and university as a whole. And the University should have this data already and look back - what was the impact during and after the back to back NCAA runs and sweet 16 run. That could give them a gauge of how much to invest as the return is likely to be similar.
But again - this would require the University to make athletics a priority and I don't think they want to send that message. UR has always thought of themselves as the Princeton of the south or an Ivy League school in the south. Therefore - they need to always put academics first.
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Definitely closer to an Ivy League school than a P5 one, so that seems like a logical approach to me.
Agreed. The marketing pitch is that UR is similar to the Ivy League.
Definitely closer to an Ivy League school than a P5 one, so that seems like a logical approach to me.
Not the best phrasing of my preference, but the cliche “money changes everything” applies. There are other reasons I like college sports more, but I will focus on the money ones.
Money is yet another distraction for the athlete. How does one maximize earnings? How to handle tax implications? How many “business opportunities” arise for my new found wealth? How do I manage spending? Now the athlete suddenly needs a team of advisors.
Then there are the team based stresses with free agency every year as players try to move up the food chain. Money also becomes another thing that can divide a team as the distribution will not be equal.
Last, there is the motivation factor. College players typically give max effort due to a basic love of the game and for the best the hope for a future payday. Now some of the motivation is gone.
Exactly right. It would be an investment no different from many other that we make every year to improve the university, get more visibility, attract new students, make more money, etc.
True except we don’t make a ton of endowment-funded $100m investments.
I do think UR should at least explore this as it very well could pay itself off, perhaps even easily. If the return is super fuzzy then you don’t do it.
Yeah, and I'm also not of the mindset that we would need $100M to do this. I think you could put together a great squad with $1.5M a year.
Can't we have a great academic school and elite athletics? We have a lot of resources.
$1.5M from University + Spider Collective should put us in a good spot. At 5% interest earned on the endowment, we would only have to reallocate 1% of the endowment funds.
Hardt on the NIL situation...acknowledges some positives and negatives with the new law, declines to share current budget for men's hoops NIL, says supporters need to back both the SAF and NIL but it's up to them how they divide their contributions.
richmond.com
Q&A with UR's John Hardt: evolving NIL puzzle continues to be 'moving target'
“This is all very fluid, and evolving. I would maybe have a different perspective if you and I were talking about NIL a year ago. It’s really evolving quickly.”
I actually feel sorry for JOC. Got nothing worth writing in my opinion, but asked questions and got responses. I didn’t use the word answers because the questions weren’t answered.Hardt on the NIL situation...acknowledges some positives and negatives with the new law, declines to share current budget for men's hoops NIL, says supporters need to back both the SAF and NIL but it's up to them how they divide their contributions.
Q&A with UR's John Hardt: evolving NIL puzzle continues to be 'moving target'
“This is all very fluid, and evolving. I would maybe have a different perspective if you and I were talking about NIL a year ago. It’s really evolving quickly.”
“Keep the donations coming, we need all the dollars we can get to compete” -JH AD
lol, it's now on the fans to ensure that the school with a multi-billion dollar endowment, that pays its coach millions per year, can field a competitive basketball team. right, sure.
It will be interesting to see what happens to coaches' salaries at our level and slightly below once all schools have the ability to pay NIL stuff directly. I know probably nothing will, but....let's say your school has a $5M annual budget for basketball. Are you spending $2M+ on a coach and leaving yourself only $3M for everything else, or are you hiring an up-and-coming coach for $1M and applying that leftover $1M to buying five starters every year?
Put another way: Would you rather have more talent on the court, or lesser talent on the court but a better/higher-paid coach?
Put another way: Would you rather have more talent on the court, or lesser talent on the court but a better/higher-paid coach?
Do the new NIL rules open the door for a pro who did not play college ball to play on a college team as a retirement option? Like could LeBron play for Duquesne when he retires at 50?
why not? NCAA rules r being overturned all the time. if ncaa has turned into its own professional league a player has every right to play in a lesser pro league in twilight of his career.
SDSU has lost three guys to the portal. The guy that went to Ohio State apparently put up a long tweet (since deleted) about fans not ponying up enough and SDSU not being competitive with the power conferences in $ amount. Crazy world. I do think their may be some backlash once teams that buy a 5 million dollar team underperform. Probably the coach will feel the heat. Villanova spent big. If they don't win this next season who else you going to blame?
True. But I think it's clear by giving ho-hum answers we aren't interested. If we were on board, we would know from his answers I expect. And we would have shown up in earnest at the bill signing. We are being careful not to burn bridges, but we are not on board either. We may put some money towards it I expect, but I doubt it will be enough to swing anything from our current status quo. I think this actually translates to a slight downgrade. We'll stay competitive in A10 but with less upside chance at making a deep run in the NCAAs I expect.
Hardt is not going to make a statement about a major policy change without Board and/or President authorization
True, but it's also not like this appeared out of nowhere overnight. There has been time to think about it and prepare our response and approach.
I hear ya, but GKiller brought it to our attention well before it was signed, so we knew it was coming. And hopefully the school would know before us too. I know we're slow and deliberate, which is not always bad. But in the fast pace everything is moving we need to be on top of it like the other VA schools if we're going to play the game. Seems to me we could have been ready to go if we were seriously interested.
Well, so far we are absolutely killing vcu in the portal, so that's been fun.
Yes, so far doing well over all for our position in the landscape (mid major). One major loss (Dji) and two major gains in Beagle and Dusan.
I know we need a shooter. But other major concern is some defense. Our defense was good last year. I think Tyne and Dlo are good defenders, but both vertically challenged, and can be shot over by 6'4 shooters. Dusan is a very nice pick up, especially on offense, but not sure he would provide level of D we had with Dji and Bigs?
Ideally we sign a 6'5 knockdown shooter that can move his feet and play D, but that may be asking a lot.
I do like the look of Matt Becht a lot - I think his offense can translate, not as sure about his D.
Hoping that between Tanner, McGlothin and Robinson we can have either one or two be big contributors. May need them too depending on how rest of portal shakes out.
8legs1dream
Graduate Assistant
very classy. Take your damn money and go, no need to rip on the fans on the way out.
