cheeseman
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Posts posted by cheeseman
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14 hours ago, slu72 said:
One could also look at a scholie and room and board as a financial benefit therefore taxable. Lots of decisions to make here.
Actually I think that may very well happen - many benefits you get over your salary is taxable so why not tax it.
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19 hours ago, TheA_Bomb said:
Seems like the market can take care of itself. If it's not sustainable and no one pays there's less money. Pretty simple.
You can choose to donate, not donate, watch, don't watch. Everyone has a choice now even the players.
For every regulation or new law there's unintended consequences and loop holes to be exploited.
If better players stay and don't jump to G League or Europe don't we see better basketball? Seems like the system is rewarding more experienced players and keeping a team together as long as possible. That's why Calipari struggled with a bunch of one and dones when he previously dominated.
The idea that the market always takes care of itself is not always true. When you let the power be concentrated in a few hands that is when excesses occurs. Last month the meat/poultry prices were credited with a driver of the increase in the inflation rate but with basically 4 companies controlling this market there is little incentive to bring prices down - in essence you have a type of a monopoly. A few blue bloods in basketball and football will end up controlling the NIL market thus setting the prices - a quasi monopoly.
Zink likes this -
19 hours ago, billikenfan05 said:
It's going to be VERY interesting to see guys taking paycuts leaving college.
See Caitlin Clark
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18 hours ago, willie said:
Has the IRS ever issued a rulling on whether these contributions are tax deductible?
I believe so - in order to be tax deductible you must be able to show that you are doing public good. Now I understand that some can play fast and loose with that requirement. Also, I think only 80% of your Billiken Club donation is deductible. Why and how that % is reached I have no clue.
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41 minutes ago, GOSLU68 said:
It would not hurt us if Corey Tate was head coach at a local school, either!
I doubt he would make anything close at a high school that he made here so it may not hurt you but it will hurt him.
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4 hours ago, kshoe said:
Not every team is going to get a 25X increase. If you are a relative nobody team and all of a sudden become a top 25 team, you can expect a large increase.
Same goes for individual players. A player may be getting $20k a year somewhere, have a breakout season and be offered $500k somewhere else the next season. Of course the opposite could be true...a player may have a 200k deal then play poorly or get hurt and next year he is told he'll only be getting 50k or that he should hit the portal. There is a downside for players that don't perform as free agency every year for every player doesn't work out so well if you don't perform up to your contract.
The real question is how much will the entire pot of NIL funds grow each year. That's the true test of sustainability.
I get your point but if ISU would have to go from 80K to 2 million to keep the level they had then it won't be sustainable year after year. I guess we will see some schools spend big and then regress if they can't get the type of players they want. I also saw an article about Jerry Jones giving AR big money for NIL for Coach Cal to spend. This can get crazy real fast. I also think that at a school like Missouri the football team will syphon all the NIL money at some point especially if they play for a National Championship which some think is not that far fetched.
billiken_roy likes this -
4 hours ago, Bills By 40 said:
I was there. About what I expected.
Probably 60-70 people in total, wide age range. I'm 28 and was older than ~15% of the room.
Schertz accidentally went to the downtown MAC and didn't get to the Des Peres location until about 6. Troy spoke a bit, Chris May spoke a bit, then Schertz took the wheel. Good speech, dude is very funny, then he took a Q&A. Most of the questions were pretty worthless but he did drop a couple of noteworthy things:
1) Last year's ISU team was paid a combined 80k in NIL. Their market value today is as much as 2 mill.2) One of the recent recruits on campus brought their 12YO sister who made a fat joke towards Schertz - he found it very funny (as did I).
3) Gibby was scheduled for a visit to UConn this coming weekend before recommitting to SLU. We beat the two-time reigning national champion out for a transfer portal player, and arguably more importantly the two-time reigning national champion was interested in our shooting guard. Think about that next time anyone wants to talk down on Gibby.
4) Coach is still VERY confident that we get commitments from RA and IS this week. I'm very confident that those commitments will open the floodgates.
5) I asked coach 1 on 1 afterwards what he thought of the Billiken vs. "Team Blue" and it sounds like we can finally but that bullshite boring @$$ moniker to rest.
6) Charlie Gitto's is his favorite restaurant so far. Had it during the MVC tournament.
If this is true #1 that is a 25 times increase in one year if my math is correct. How can this kind of annual increases be sustainable even for the big boys.
billikenbill likes this -
21 hours ago, willie said:
Assuming this article is acurate Schertz's hiring wasn't the done deal we all believed.
This is why I kept saying until a contract is signed it is not over and people scoffed. The bottom line is nothing is ever over until it is over.
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Do we know if this is a legit event - could it be a hack account?>
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40 minutes ago, VeniceMenace said:
Zyree Collins can create his own shot from anywhere. Walsh, getting him now as a role player might be a good move in landing the 7-foot-3 teammate eventually. Good to hear CJS has contacted them.
Giving a kid a schollie so you can maybe get a younger teammate is not something that often works out. Best to offer any kid you think will fit with your but not for other reasons.
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1 hour ago, Pistol said:
Graves was his lead recruiter. Seems like Indiana State is still his most likely landing spot.
I'm still not sure about Alderink or Birmingham, the other 2 ISU signees.
Would seem to me if Schertz thought Nitu was better, he would place his emphasis there.
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12 minutes ago, Zink said:
Yeah, just saying that it seems like NCAA and the US Govt are aligned on this.
I could have seen the NCAA trying to call NIL a form of work-study or stipend or something if they wanted to try to get away with it, like they did with “amateurism” for decades.
Instead, it looks like everyone is ok with not paying student visa holders (for now).
Well when players work-study there were probably not many international student athletes. The Federal Government laws have no reason to care about the NCAA
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4 minutes ago, 3star_recruit said:
Three of those four players played immediately. And Tate got more than high school players, he got high scoring jucos as well.
Tate did the best job of anybody on the staff at recruiting. But Coach Schertz has his own guys. Which is absolutely understandable.
Agreed - also, with NIL any good local players who would show any interest in SLU will could be given a good NIL deal
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2 hours ago, Zink said:
Quick note/thought on the NIL/recruiting situation.
At present, I believe international players here on student visas are unable to be paid using NIL. At least in an above board manner.
Wonder if that will become a common way to round out rosters, and keep a supply of “free” labor available… several of these latest rumors involve international students, so wondering if that will be a way to funnel higher amounts to a smaller portion of the roster.
Also feel like this will be the hot new NCAA violation, but unlike with some of the older ones the courts will probably be on the side of the NCAA.
International players not getting NIL is not an NCAA rule but probably a federal visa restriction. If you come to the USA on a student visa you cannot work and getting paid NIL is getting paid.
Zink likes this -
1 hour ago, cgeldmacher said:
It's also $20,000 more than thousands of college basketball players made from 1900 through a few years ago
Don'r forget they are still getting a free education and room and board. I think some just discount that and it should nor be.
cgeldmacher likes this -
This not sustainable if it keeps going up by these significant numbers.
billiken_roy likes this -
I wonder if all the mid majors and the P5 schools who are left out would be best to simply not form conferences but to form one big group who profit from a TV contract for the whole group. This way nobody is left out and you can spend as much as you want by getting your donors and other revenue sources to pay up. Conferences may be a thing of the past. This group could hold there own Dance.
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14 hours ago, willie said:
If Chaifetz runs SLU basketball and May is so completely incompetent why does he not get him fired?
Maybe he needs some one to get the coffee
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3 hours ago, willie said:
That is not the story I have been told by reliable sources. No one offered to write the check.
OK
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3 minutes ago, willie said:
But he was pressured to replace Ford the year before but no one wanted to write the check.
I believe there were those who have said the money was there but May dug his heels in - at least that is what had been posted here.
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33 minutes ago, billiken_roy said:
so when your production drastically falls off the boss has to stick to his support statement from months ago? what if you had a teacher that went from award winning to slacking off, sleeping in class, unfairly disciplining kids, just not a good teacher anymore. you still going to stick by that award you gave them the year before? how do you know that this year there were not discussions between ford and may about the obvious fail in process?
as to the deal, i agree thanks to our society becoming a world of litigation and loopholes, it isnt a deal until signed sealed delivered. that still doesnt mean that schertz didnt verbally agree. and if you read my above follow up post, it only goes to show that schertz is a man of character and a man of his word that he stuck by it even though over the course of the NIT his popularity exploded. only goes to show may did his homework and found the man that was best for the position.
i just dont understand why you folks continue to play the "may is worthless card" when all signs point to the fact he did a very complete job on this whole process.
I am not saying he is worthless all I am saying is you can't take what he says at face value. As far as May changing his mind on Ford I am sure he eventually did once the tide had changed. I have no doubt that May will do whatever it takes to save himself. Never have I ever sailed under a false flag with any of my employees. It sometimes made them unhappy, but I was always honest regarding where they stood, and they knew it. As far as a good employee suddenly going south, I would have been remiss not to try to figure out what was going on in his/her life to cause this sudden change and see what help I could provide. I actually feel a bit bad for Ford because I am sure he feels a bit betrayed by May. By the way I never said anything about Schertz character either way.
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27 minutes ago, billiken_roy said:
finalize = signed. Schertz couldnt sign until his season was over. a handshake was done weeks ago likely. a real man, one that is honest with good character, shakes a hand on an agreement and his word is golden.
First, last year May said Ford would be coach at SLU as long as he was AD - so did he lie then or Monday given that he just said he had been tracking Schertz since last season? Second, the M of U was not a contract that assured Schertz would be here - if any other school wanted him they could have him for the 4 million buy out - this had nothing to do with a handshake being a deal given the out that was written in it. By the way I am sure in the M of U an outline of a contract existed but not the details and as they say the devils in the details. Third, if he was on the hunt for possibly a new coach all year then why the argument with Chaiftz in Chicago after the L of C game all he would have had to say to Chaiftz is I am working on it and Chaiftz would not have needed to have that discussion with May. Bottom line, when do you believe him or not. Schertz was keeping his options open as he should, and May was trying to make himself look good on Monday. Roy, I understand that you have a value system that leads you to expect people to stand by their word and that is the way it should be but honestly until the papers are signed sealed and delivered no deal actually exists.
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1 hour ago, billiken_roy said:
let's not forget the deal to become the billiken coach was likely struck weeks ago. he likely knew who would more than likely accept and he could trust their silence throughout the NIT. i.e. he didnt just approach and get a deal with those coaches yesterday.
Oh, wait May said at the news conference that they did not finalize the deal until last Friday night. My point is May said a lot of stuff at the news conference I am not sure what you can believe or not.
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47 minutes ago, willie said:
As has been discussed there were some who wanted to replace Ford last year. May certainly knew that if Ford did not turn it around he would have to replace him . Why would Schertz not have been on a potential list of replacement?
Because he didn't know he was going to get pressured to replace Ford until after the season.
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Good point - I would think this is why a school would not want to be doing the NIL paying. By doing so they no longer claim it is not us doing it.