NIL

[Mazeppa Pompazoidi]

Who sponsored the bill and what was the point? 

I'm guessing the point is to give the UofA and the other state schools, a recruiting advantage.

[Show-Me Hog]

why not? they are still students, just getting paid for a job by the llc. this gets around the tricky shit having them employed by the university itself.

the llc will be part of the athletic department, just putting the money part of it more in the hands of people who know how to run a business.

I think the question isn't why not..... it's why. Especially if they don't want to be. But they still want to play for Kentucky.

[vegashog]

I think the question isn't why not..... it's why. Especially if they don't want to be. But they still want to play for Kentucky.

not sure i understand what you're saying here.

they will have to be enrolled at kentucky if they want to get paid by kentucky's llc. as was mentioned in the article, this will be a part of the university of kentucky athletic department. i didn't read this as meaning players won't have to go to class at all.

[DirkPiggler]

I think the question isn't why not..... it's why. Especially if they don't want to be. But they still want to play for Kentucky.

 Because the NCAA and the SEC still exist.  They require their players to be students at least nominally progressing towards a degree. 

[Lurk]

and then there's this. i think this is how players will be paid, as employees of private companies and not the schools. gets around a lot of legal and tax issues.

https://sports.yahoo.com/article/kentucky-looks-turn-nil-powerhouse-230325432.html

It may have been mentioned already, but if it's part of the school it's subject to FOIA. Just imagine the infighting when LaQuerious finds out Le-a is making more money than him.

[The Whyte Boar]

and then there's this. i think this is how players will be paid, as employees of private companies and not the schools. gets around a lot of legal and tax issues.

https://sports.yahoo.com/article/kentucky-looks-turn-nil-powerhouse-230325432.html

This is the way.  We could get rid of the Foundation and all the hoops we have to go through with coaching salaries.  Coaches and players would be employees of the LLC. 

[DirkPiggler]

This is the way.  We could get rid of the Foundation and all the hoops we have to go through with coaching salaries.  Coaches and players would be employees of the LLC. 

I agree. The only thing is that we have to make sure to have it iron clad that the university can't divert athletic revenue.  I think before I mentioned maybe making the AD report directly to the Board of Trustees rather than to the chancellor.  Otherwise we'd be at the mercy of another future John White type athletics hater who might siphon off the funds generated by sports.

[The Whyte Boar]

It's really a good idea.  We make around $200 million in revenue too.  We could deduct salaries and expenditures on everything from facilities to athletic tape.  Run it like a business that brings in more than $200 million a year instead of having our AD cry about how poor we are all the time.

[DirkPiggler]

It's really a good idea.  We make around $200 million in revenue too.  We could deduct salaries and expenditures on everything from facilities to athletic tape.  Run it like a business that brings in more than $200 million a year instead of having our AD cry about how poor we are all the time.

I guess they would have to work out lease agreements with the university for facilities, parking, etc.  And would have to pay tuition for the athletes, although we're already taking athletics revenue to fund all that. 

[The Whyte Boar]

I guess they would have to work out lease agreements with the university for facilities, parking, etc.  And would have to pay tuition for the athletes, although we're already taking athletics revenue to fund all that. 

Sure, but if you wanted to pay a coach $15 million, you could find it in the budget instead of having to beg for donations. 

The facilities model is done.  They no longer matter.  It's going to be about maximizing return.  I wish Arkansas would get on board, but I know in my heart that we'll be half hearted and late to the party.  We'll run it like a small market cheap ass MLB franchise while everyone else in the SEC wants to be the New York Yankees.

[Show-Me Hog]

not sure i understand what you're saying here.

they will have to be enrolled at kentucky if they want to get paid by kentucky's llc. as was mentioned in the article, this will be a part of the university of kentucky athletic department. i didn't read this as meaning players won't have to go to class at all.

Yeah I'm asking a more fundamental question. Like Al Pacino, I'm questioning the whole damn system.

If the amateur status of college athletes can be scrapped, why can't the student part of those athletes be scrapped?

[SwahiliSteve]

Yeah I'm asking a more fundamental question. Like Al Pacino, I'm questioning the whole damn system.

If the amateur status of college athletes can be scrapped, why can't the student part of those athletes be scrapped?

well at that point wouldn't it not qualify as college sports. If they aren't a student on campus then how do you play for said college. We just gonna have independent teams of the colleges and basically be mini nfl with a bunch of athletes who go from college straight to playing and no education?

[vegashog]

It's really a good idea.  We make around $200 million in revenue too.  We could deduct salaries and expenditures on everything from facilities to athletic tape.  Run it like a business that brings in more than $200 million a year instead of having our AD cry about how poor we are all the time.

not only that but it can bring in revenue streams that athletic directors can't currently do.

instead of having chicken man just throw bags of cash at the program or counting on a gambling app, why not let him use his (and others) business acumen to plot out investments.

Yeah I'm asking a more fundamental question. Like Al Pacino, I'm questioning the whole damn system.

If the amateur status of college athletes can be scrapped, why can't the student part of those athletes be scrapped?

how is the amateur part being scrapped? they will be hired by a company for a job. it's a business, has been one for a long time whether we like it or not. and i personally don't see the direct connection between student and amateur.

and just to be clear, this looks more like an opportunity to expand revenue streams right now, but i'm sure once the settlement money eventually kicks in, it will be handled thru the llc.

[Show-Me Hog]

how is the amateur part being scrapped?

Not sure if serious.

Because now they're being paid money to play college sports, sometimes millions of dollars, when previously they were not?

[porkryan]

not only that but it can bring in revenue streams that athletic directors can't currently do.

instead of having chicken man just throw bags of cash at the program or counting on a gambling app, why not let him use his (and others) business acumen to plot out investments.
how is the amateur part being scrapped? they will be hired by a company for a job. it's a business, has been one for a long time whether we like it or not. and i personally don't see the direct connection between student and amateur.

and just to be clear, this looks more like an opportunity to expand revenue streams right now, but i'm sure once the settlement money eventually kicks in, it will be handled thru the llc.

I assume the LLC deal is step 1 into selling part of the athletic program to a private equity firm. 

[egregious]

Just imagine the infighting when LaQuerious finds out Le-a is making more money than him.

as we know not as much as when he finds out Le-a is fucking Laterian behind his back

[animal]

Why not just eliminate state income taxes for all. That way we aren't having to jump thru hoops just to facilitate college athletics which are a total shit show.

[obijuana]

When was the last time major college player was ruled academically ineligible after they've been in school for a year or more? Grok couldn't find one. Google AI couldn't either.

Bottom line: They're employees. The state of Arkansas is enticing kids to choose Arkansas schools for the tax break.

[jdcatty]

When was the last time major college player was ruled academically ineligible after they've been in school for a year or more? Grok couldn't find one. Google AI couldn't either.

Bottom line: They're employees. The state of Arkansas is enticing kids to choose Arkansas schools for the tax break.

Don't forget we are recruiting against Tennessee and Texas and other states that don't have a state income tax.  Perhaps just a little leveling of the playing field.

[Show-Me Hog]

Don't forget we are recruiting against Tennessee and Texas and other states that don't have a state income tax.  Perhaps just a little leveling of the playing field.

That's an excellent point and I bet it's the basis of the idea.