The solution outside of additional scholarship money is to provide enough NIL that covers the remaining cost of tuition that a partial scholarship doesn't provide. It's not taxable income
So, if school ABC is offering $100k in NIL, Miami offers $100k + tuition differential.
Welcome to the real world.From the IRS:
Generally, any money, goods, property, or services received from NIL activities are all considered forms of taxable income. Student-athletes should be mindful that NIL agreement income (including non-cash benefits or compensation) is reportable and is considered taxable income.
Welcome to the real world.
Maybe during our postseason exit interviews, Cyr just interviewed bad.
He can’t play this year for them.Wouldn't be surprised to see Cyr sightings in Omaha next week, based on the timing of this.
I know NIL is taxable. I was thinking tuition is tax deductible, but it's not. If it were, it would be a wash. However, the NIL payment could just include the tuition differential plus the tax on that differential.From the IRS:
Generally, any money, goods, property, or services received from NIL activities are all considered forms of taxable income. Student-athletes should be mindful that NIL agreement income (including non-cash benefits or compensation) is reportable and is considered taxable income.
How much do these things cost?I’m telling you they don’t have a focused lab for either or pitching and mostly rely on TrackMan and video data rather than the advanced high-speed cameras and advanced pitching machines that pro orgs focus on.
They have gone from nothing tech to some tech machines, but they’re flash than substance from what I’ve seen.
Fact, flushed down the toilet from top to bottom go get a national respectable coach with no damm Miami ties and start over.Program needs to be gutted and start over. No excuse not to be able to field competitive teams in baseball. It’s done across the country at many schools with way less resources. It starts at the top. Fire them all.
For a full set up (the building, hitting, pitching, cameras, etc) I bet you could probably do under 10 million...well I dont know the campus real estate/space all that well so the space/building is going to be the biggest pieceHow much do these things cost?
The solution outside of additional scholarship money is to provide enough NIL that covers the remaining cost of tuition that a partial scholarship doesn't provide.It's not taxable income
Correction: Tuition is not tax deductible.
So, if school ABC is offering $100k in NIL, Miami offers $100k + tuition differential + differential tax.
For a full set up (the building, hitting, pitching, cameras, etc) I bet you could probably do under 10 million...well I dont know the campus real estate/space all that well so the space/building is going to be the biggest piece
Maybe he was told to kick rocks? It can be a bit of a two way street. They could have someone else coming in. I know we’re quick to **** on JD, which was well earned, but gotta at least see the final product of what we get and then next year how it performs.Jimenez entered the portal …amazing everyone hitting the eject button
seems like the gator is far outpacing us