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That settlement was about NIL collectives being 501(c)(3)

Posted on: January 13, 2025 at 11:27:55 CT
kmawv8 MU
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Basically it said that using those funds to pay athletes isn't the charitable mission of which they were awarded 501(c)(3). The impact won't be for any 501(c)(3) to now be able to pay players. It will be that a 501(c)(3) will not be able to pay players because it's not their charitable mission. Harvard would would have to abandon their tax exempt status in order to pay players out of their endowment and they're never going to do that.
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They need to find a way to have this College FB playoff - playhard KC - 1/13 10:10:29
     Dan Patrick said it, and is very much true. Most people - tigerman81 MU - 1/13 23:13:45
     NFL is a trash league. Doesn't matter - drywallerdave MU - 1/13 18:00:10
          agreed... I rarely watch it (nm) - zounami MU - 1/13 18:33:59
               Based on it’s success you two might be the only ones - MoGold MU - 1/13 20:34:41
                    it's the best of the pro leagues, but that's not saying much - zounami MU - 1/13 20:50:23
     Agree - that's a good point - Genco98 MU - 1/13 13:46:32
          RE: Agree that's a good point - Ragarm MU - 1/13 16:14:18
     Drop every D1 team down to 2 regular season warm up games - Fred G. Sanford USA - 1/13 12:28:28
     tv views not good by comparison ... - tmcats KSU - 1/13 11:26:38
          Because they were played on Thurs and Fri evenings - Erwin Fletcher STL - 1/13 11:37:05
               games not being new years or the ev hurt as well ... - tmcats KSU - 1/13 12:12:55
     8 teams MAX first game before Christmas, 2nd New Year's - TigerFan92 STL - 1/13 11:13:38
          yeah, we should have only gone to 8. We have conference - Joeboo MU - 1/13 13:12:28
     Too long of a break until the Championship Game is played - Carlos Rossi KC - 1/13 11:11:38
     RE: They need to find a way to have this College FB playoff - sarasotatiger MU - 1/13 10:42:46
          huh? (nm) - phrejd KC - 1/13 10:58:00
               Maybe he thinks they'll use their endowments to fund NIL (nm) - winslow MU - 1/13 11:11:18
                    and they absolutely could, if they wanted to (nm) - zounami MU - 1/13 11:13:32
                         Most absolutely could not. (nm) - kmawv8 MU - 1/13 11:16:25
                              Havard has a $60 BILLION endowment. It's a private school - zounami MU - 1/13 11:18:55
                                   You are mixing issues - SatoriTiger JC - 1/13 16:12:28
                                   The IRS can revoke a school's Sec. 501(c))(3) status - ScottsdaleTiger MU - 1/13 15:21:24
                                        Mizzou is not likely a 501(c)(3) - SatoriTiger JC - 1/13 16:41:29
                                             ok, then take Duke for example. It's a 501(c)(3) that uses - zounami MU - 1/13 17:29:32
                                                  Duke is probably a 501(c)(3), yes - SatoriTiger JC - 1/13 18:17:37
                                                       btw, I appreciate the discussion... you've offered some - zounami MU - 1/13 18:37:33
                                                       "because the NCAA rules prohibit it" but the NCAA no longer - zounami MU - 1/13 18:33:10
                                                            It can enforce those rules - SatoriTiger JC - 1/13 18:35:37
                                                                 I agree it SHOULD be that way, but Cruz is right... - zounami MU - 1/13 18:44:58
                                                                      The players can try - SatoriTiger JC - 1/13 18:54:29
                                                                           strong counterpoints, although I'm curious why you... - zounami MU - 1/13 20:03:19
                                                                                I described it as nihilistic - SatoriTiger JC - 1/13 20:07:03
                                                                                     actually, I think the rules are the opposite of pointless... - zounami MU - 1/13 20:30:06
                                        Correct, and they haven't done so for schools paying coaches - zounami MU - 1/13 15:29:15
                                   But why would they do that? - KC rules MU - 1/13 12:19:52
                                        it was a hypothetical... "if they wanted to" (nm) - zounami MU - 1/13 12:27:45
                                   They can't do whatever they want. It's a 501(c)(3) - kmawv8 MU - 1/13 11:21:42
                                        you must have missed the recent NCAA-House settlement that - zounami MU - 1/13 11:24:31
                                             ...furthermore, if schools can pay a single coach $10M /year - zounami MU - 1/13 12:37:52
                                             That settlement was about NIL collectives being 501(c)(3) - kmawv8 MU - 1/13 11:27:55
                                                  it was a civil class-action lawsuit settlement... it didn't - zounami MU - 1/13 12:34:56
                                                       Schools are not Collectives - nm - ScottsdaleTiger MU - 1/13 15:32:22
                                                            agreed... but what's your point? (nm) - zounami MU - 1/13 15:35:20
                                                  no it wasn't, you're confused (nm) - zounami MU - 1/13 11:28:44
                                                       [rolls eyes] (nm) - phrejd KC - 1/13 12:25:26
                                                            here's a summary of the House settlement for you and kmaw - zounami MU - 1/13 12:30:38
                                                                 maybe do some research on what an endowment is and the tax - phrejd KC - 1/13 12:37:21
                                                                      (1) That has nothing to do with the House settlement... - zounami MU - 1/13 12:41:55
                                                                           or remain ignorant. whatever (nm) - phrejd KC - 1/13 12:42:34
                                                                                schools are giving $10M+ per year of 501(c)(3)-status money - zounami MU - 1/13 12:49:48
                                                                                     no (nm) - phrejd KC - 1/13 12:50:19
                                                                                          lol, ok (nm) - zounami MU - 1/13 12:52:08
                                                                                               i'm glad we settled that. you may go now. (nm) - phrejd KC - 1/13 13:10:13
                                             ...per year, and a lump sum of $3B total (nm) - zounami MU - 1/13 11:26:26
               I'd like to think he responded to the wrong thread - kmawv8 MU - 1/13 11:08:04
     Squid Bowl Game - SatoriTiger JC - 1/13 10:31:03
     they need to get it on OTA tv and off of cable.(nm) - Harvey Specter MU - 1/13 10:19:10




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