- Joined
- Apr 28, 2014
- Messages
- 16,861
You can't even drop $0.01 over $9k in bank without OFAC, IRS and FINRA being notified. These SEC boosters are all bankers and lawyers themselves, they're not dropping off tens of thousands at once to anyone.Problem is that almost never happens. This money doesn't come without strings attached. It's not the schools' money, it's boosters and they can do a lot of damage to both the player and UM should they end up signing here still.Casually leaving the end of the sentence unbolded. "Come Signing day, I'd still sign with Miami". It seems thats the point you missed.
I would get as much money from these schools as I could by playing these "recruiting games", aka going on visits, posting on social media, decommitting/commiting, etc. You gotta be smart about what deals your making, but as long as in the end they sign with Miami on NSD I wont hold it against some of these recruits who accept money, when the majority of them could receive more money than their parents make after years of hard work.
This is really simple. It is obvious Jobe, Frierson, and some others we are recruiting are being offered big bags of money. A lot of them aren't in any situation where they can reject that much money. Theres no reason they can't play the game and still choose the school that is best for their future - Miami.
And it's not just, "here's $50,000, kid." He has to make good to get most of it, which means he gets all or most after he signs.
Just out of morbid curiosity, how do you it happens this way?
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.