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Its like you can't read.
I just said I'd take money to go on visits, post on social media, and commit/decommit. Those are all things you can get paid for before you have to sign anything on NSD. And you can take whatever money they'd be willing to give upfront for your signature then just sign to the school you want.
Once you have that money, you're right that any transaction over like $9,999 gets reported to IRS. Though Idk why you'd want to put it in a bank anyways. Go buy a **** car in cash with it. You're going to have to pay taxes regardless, and its not illegal money. You just don't want the means to how you got it known because it could jeopardize your NCAA elligibility. You could always have your parents deposit it and transfer it to your account or something. There millions of different things you can do.
Feel like the summer time doesn't help with no school, football games, practices, to worry about. If we can keep everyone going into September and don't have a catastrophic season we will be in great shape.
Tyreke from Jax is awful
FIFY
Tyreke smith is a dlineman from Ohio
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It was $6k like 10 years ago. I believe it's less than that now.
I'm the one that can't read? Really, smart guy. You're the same nitwit that lectured us all that the Gators aren't that big of a rival. So I take anything you say with a grain of bath salts.
You can't do any of those things you listed- buying cars, transferring money between parents accounts, etc.- without breaking the law, especially when you're concealing the intermediary. Every nickel of this money is illegal on gift tax requirements alone. Your car purchase in cash could trigger a form 8300 if it's over $10,000. If you filter the money through your parent or relative and it's in excess of $14,000 they better report the gift and have a W2 to backup their fortuitous raise at work. Every single step of this only taints the money further.
I can tell you're one of the guys who just won't stop driving at the same brick wall when you've got an idea in your head, but seriously just stop. You're ideas of what to do with all this perfectly legal money only reinforces you're out of your depths. But whatever, have it, I'm sure your HR Block employee manual has covered all this.
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To your point, I remember on 30/30 w the SMU Mustangs...E ****erson said that Texas A&M got him a Trans Am, if I'm not mistaken, and he kept the car even though he signed w SMU. And his exact words were what were they gonna do, say they gave it to me and wanted it back? Lol. I don't know why recruits don't do this either. Ain't no booster going to snitch on themselves for impermissible benefits b/c that would open up a can of worms against their own team. But Dee said it can come w worst consequences from other sources and I can see that side of it too.
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Yes you're the one that can't read.
Thats what I was commenting on.
Oh no you have to pay a gift tax. Or an income tax if you designate it that. Oh no.
Tell me how many recruits have you heard of getting arrested after they accept these cash gifts? Seems to be working pretty well to me because I haven't heard of any recruits getting caught....I guess you must believe recruits aren't currently being payed tens to hundreds of thousands of dollars already? Seems to me plenty of college players are going around buying cars without getting arrested. Once again this money is NOT illegal. You can deposit all of it at the bank with the completely truthful explanation of how you got it and pay the taxes on it and nothing will happen to you. The ONLY reason you would not want to do that is because if the NCAA finds out it would ruin your eligibility and harm the school. So once again, I'd absolutely take as much cash as I could get my hands on for going on visits, and playing all the recruiting games. I'd just sign with the school I want to go to in the end, regardless.
And UF isn't as big of a rival as FSU.
The filing of taxes for hidden cash is an interesting question. How do they cloak the benefits derived by the player if they file tax returns?
I've seen guys launder money through selling "mix tapes".
The larger sums that are given to kids is not just all cash.In fact most of it is given by no show jobs for family,rent free housing,paying off mortgages,car leases through relatives etc.
The " bags " are not normally all cash and it is being given by VERY smart and SUCESSFUL people who have a lot of ways to hide money and gifts.
The " bags " are not normally all cash and it is being given by VERY smart and SUCESSFUL people who have a lot of ways to hide money and gifts.
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the jobs and rent free housing **** is only good if you go there though.
whether they pay for my car and give it to me paid off or give me the cash to do it myself, Doesn't really matter honestly.
Your not getting the bulk of any " incentives" until you step on campus.....
The lease on a car that may be given up front will end on NSD if your name isn't on a LOI......The mustang that Smith was driving that LSU leased for him was traded for a Dodge Charger( I believe that's what he is now driving) with a Bama tag when he ended up there and not a LSU.
If a school is going to give you > $9,999 they're going to explain what you do with it so they don't get investigated by the NCAA.
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Thats what I'd assume.
i don't ever hear of Lingard going on visits, he made his commitment and got to work with grades to qualify early.
Could've sworn he was going to a prep school out of state so that he can play football his senior year and not have to sit out due to the age limits of FHSAA rules. Not because of academics
