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Some context to portal numbers

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Ethnicsands said:
How can you share money that you don't make? How can you make money if you're a 'non-profit'? See where I'm going with this?
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TheOriginalCane said:
I get your point. We are making very sarcastic comments about, essentially, the same...CURIOUS...situation.

The NFL is also a not-for-profit. The commissioner is paid a salary of nearly $40 million.

THAT is how you make money when you're a non-profit. And, of course, you have to pay these commissioners a "competitive salary", because that's what non-profits have to do...you know...to not make a profit...
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You’re allowed to make a profit. Technically, they are tax exempt organizations, which means your income has to be related to your exempt purpose. All not for profit means is unlike a corporation, your primary purpose is charitable services rather than profit making.

They actually had about $635m in grants last year and only made about $15m net on over $1bn in revenue. With all that said, there is no need for the NCAA in the context of the major sports and conferences.

I also believe the NFL gave up their tax exemption.

Source - tax director for a not for profit.
 
wspcane said:
You’re allowed to make a profit. Technically, they are tax exempt organizations, which means your income has to be related to your exempt purpose. All not for profit means is unlike a corporation, your primary purpose is charitable services rather than profit making.

They actually had about $635m in grants last year and only made about $15m net on over $1bn in revenue. With all that said, there is no need for the NCAA in the context of the major sports and conferences.

I also believe the NFL gave up their tax exemption.

Source - tax director for a not for profit.
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I find that all a load of nonsense. Their ‘stakeholders’ are non-profit educational institutions. The NCAA is by any honest measure an active income generator in a pass through structure that should generate UBIT that would flow through to its recipients. It’s a fuggin dishonest hoax that it is anything else, imo. It’s purpose is not the purpose of universities. That logic would never apply to any other like structure. The NCAA is a licensing organization that sells the IP rights to games for massive revenues. It funds huge parts of its member institutions budgets.
 
Ethnicsands said:
I find that all a load of nonsense. Their ‘stakeholders’ are non-profit educational institutions. The NCAA is by any honest measure an active income generator in a pass through structure that should generate UBIT that would flow through to its recipients. It’s a fuggin dishonest hoax that it is anything else, imo. It’s purpose is not the purpose of universities. That logic would never apply to any other like structure. The NCAA is a licensing organization that sells the IP rights to games for massive revenues. It funds huge parts of its member institutions budgets.
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Happy to discuss in a private message to avoid clogging the board with this, but that is not what UBIT is and not how distributions work in any way. Like I said, I’m no fan of the NCAA and think it is entirely antiquated in its need. BUT, at the end of the day the schools are the ones that sign up for it and give it whatever power and money it has, so it is hard for me to fully blame the NCAA when the schools do nothing to fix the problem.
 
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wspcane said:
Happy to discuss in a private message to avoid clogging the board with this, but that is not what UBIT is and not how distributions work in any way. Like I said, I’m no fan of the NCAA and think it is entirely antiquated in its need. BUT, at the end of the day the schools are the ones that sign up for it and give it whatever power and money it has, so it is hard for me to fully blame the NCAA when the schools do nothing to fix the problem.
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I just disagree. you’re doing the accountant thing and hiding behind technical characterizations. i’m making an obvious analogy. as soon as you acknowledge the ncaa isn’t a related business, it all falls apart as a structure. and it’s not. it’s a licensing business. it’s ‘related’ because it sends them money and it uses their students for profit. A sweatshop that used student labor to make logo t shorts for sale for profit would be just as ‘related’, which is to say, not. it’s patently absurd to contend that the ncaa is a ‘charitable’ organization, which is the premise it relies upon. it claims it ‘protects’ student athletes from for profit entities. it does this by parasitically stealing from them, while otherwise doing precisely what those ‘for profit’ organizations do as well, which is hold games and sell rights. it’s a complete joke and congress tolerating it doesn’t make it consonant with our laws in any principled way. it just makes it an obvious scam, not unlike many other things our government sanctions.
 
Ethnicsands said:
I just disagree. you’re doing the accountant thing and hiding behind technical characterizations. i’m making an obvious analogy. as soon as you acknowledge the ncaa isn’t a related business, it all falls apart as a structure. and it’s not. it’s a licensing business. it’s ‘related’ because it sends them money and it uses their students for profit. A sweatshop that used student labor to make logo t shorts for sale for profit would be just as ‘related’, which is to say, not. it’s patently absurd to contend that the ncaa is a ‘charitable’ organization, which is the premise it relies upon. it claims it ‘protects’ student athletes from for profit entities. it does this by parasitically stealing from them, while otherwise doing precisely what those ‘for profit’ organizations do as well, which is hold games and sell rights. it’s a complete joke and congress tolerating it doesn’t make it consonant with our laws in any principled way. it just makes it an obvious scam, not unlike many other things our government sanctions.
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Respect your opinion and where you’re coming from. I think it is rooted in some truth, but also rooted in some inaccuracies. At the end of the day, we both agree that Mark Emmert can get bent along with the NCAA.
 
Ethnicsands said:
How can you share money that you don't make? How can you make money if you're a 'non-profit'? See where I'm going with this?
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I guess the same way Harvard and Yale endowments grow to astronomical levels. It's about compiling as much loot as they can. That gives them the power and the means to do whatever they want.
 
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88 said:
NCAA is not a company it’s a governing body. That money goes to the colleges. Most of the NCAA’s revenue comes from the tourney, that goes to paying staff
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Po-tay-to / Po -tah-to.

They can structure however they want. They're raking in massive amounts of money with no competition, exploiting a unpaid/under-paid highly-skilled workforce.

All in all quite un-American in that it goes against most capitalist principles. The only reason they haven't been trust-busted is that everyone in power has a conflict of interest in that they and their families and friends graduated from the member institutions and have deep loyalties to them.

I'm a hypocrite too. Love the Canes so ignore all the corruption and pour time and money into the system as a fan.
 
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