Johnny Football Suspend for the 1st Half of Rice game

[capefearcane]

Why not check bank statements and such for this case? What a ****ing joke the NCAA is...

Ca$h man - crazy to do otherwise.

 

[rudebuddha]

Why not check bank statements and such for this case? What a ****ing joke the NCAA is...

One of the brokers videotaped him signing Shiit in his hotel room because he paid him in cash.
I'm guessing the videotape was supposed to act as a receipt, in case he needed to justify the cash outlay as a business expense to the IRS, in case of an audit.

However you slice it, this whole situation reeks of favoritism.

The video is to act as evidence that he signed the footballs. COA BS.

If you are paying cash, you have the person providing the services sign an invoice showing the payment has been received.

Correct. In a perfect situation, but I'm betting Johnny Football didn't sign any invoices or take any checks.
Cash only.
The broker said he was using the tape as sort of a multimedia form of a certificate of authenticity.
I was just thinking putting myself in the broker's situation and thinking a couple moves ahead to the inevitable audit, and how do you justify that deduction for thousands or tens of thousands of dollars.

 

[Dan E. Dangerously]

good read

http://www.pageqsports.com/2013/08/dequan-jones-wasnt-important-enough-for-ncaa-johnny-manziel-was/

 

[Consigliere]

Why not check bank statements and such for this case? What a ****ing joke the NCAA is...

One of the brokers videotaped him signing Shiit in his hotel room because he paid him in cash.
I'm guessing the videotape was supposed to act as a receipt, in case he needed to justify the cash outlay as a business expense to the IRS, in case of an audit.

However you slice it, this whole situation reeks of favoritism.

The video is to act as evidence that he signed the footballs. COA BS.

If you are paying cash, you have the person providing the services sign an invoice showing the payment has been received.

Correct. In a perfect situation, but I'm betting Johnny Football didn't sign any invoices or take any checks.
Cash only.
The broker said he was using the tape as sort of a multimedia form of a certificate of authenticity.
I was just thinking putting myself in the broker's situation and thinking a couple moves ahead to the inevitable audit, and how do you justify that deduction for thousands or tens of thousands of dollars.

Let me put it this way. I am sure there is NO VIDEO of the broker handing over the cash to Johnny Directly. How do you justify it, in terms of an "audit?"

I suppose you could video tape the exchange of cash and have the payee acknowledge that the services have been paid for and the amount that was paid. That would be evidence of the transaction.

My guess is that he was not concerned about his OUTLAY for payment due to the way or the behavior involved (i.e. the NCAA says this is not allowed).

I am not a CPA or a Tax-Accountant.

 

[NoahZach]

Yo if anyone cant see that the SEC and NCAA are in bed together then ur fkin retarded. Now back to the Miami case and death penalty for going to chucky cheese

I've said since day 1 it was an SEC led witch hunt. The biggest penalties levied have been the upstarts at USCw, Boise and Miami. 2 small private schools and one outsider to the establishment. 2 teams that have the talent base to end the SEC's run.

After all that news about Pannunzio and Bama, cutting deals for himself, I have no doubt Bama played a major role in this, helping them get a foot in the best recruiting area in the country

Explain Oregon or OSU.

what penalties did Oregon get?

Ohio St got a slap on the wrist that they ****ed up, by not accepting their bowl ban when they should have.

Both those teams have far, far, far deeper pockets than Miami, USCw and Boise

That is my point, neither of those teams are in the SEC and are powerhouses. If the SEC controlled the NCAA, they would have spanked OSU and Oregon too.

Oregon is Nike. Enough said.