We know there are two schools with million dollar QBs, and they won't be...

...the only ones. That's great, but you know they won't be the only players with million dollar deals. Would guess every starting QB in the SEC will be knocking down a minimum of $500K. Would guess the majority of B1X QBs are going to be knocking down huge "endorsement" contracts too. Heck, an incoming TE at OSU was given a new pickup with all of the "bells and whistles" before he stepped foot on campus. That was probably a $70K truck, and you know that will not be the only thing he receives.

NIL will bring a lot of "dark money" into the light, but pretty certain once kids have to start playing taxes on their new income, a lot of those endorsement deals will probably slip back "under the table."

In response to this post by GCHokie34

Posted: 09/09/2021 at 06:47AM

NIL question for the CPAs on this board -- EDGEMAN 09/08/2021 5:16PM

Will hurt the California schools due to the egregious state income tax -- McLovin 09/09/2021 4:03PM

Cali also has a 1% millionaire surcharge on top of that -- mrcaniac 09/09/2021 4:08PM

It's more than federal income taxes and social security/medicare -- mrcaniac 09/08/2021 9:41PM

That is for pros who get paid to play -- HokieAl 09/09/2021 9:13PM

I had forgotten about states going after pro athletes's income from... -- EDGEMAN 09/09/2021 06:36AM

Might have a big effect on recruiting -- mrcaniac 09/09/2021 3:14PM

Oops...didn't see this before posting the same above. ** -- McLovin 09/09/2021 4:05PM

Has anyone turned down more income out of fear of taxes? -- TerryD 09/09/2021 09:10AM

Did I actually say that? Don't remember typing that. -- EDGEMAN 09/09/2021 09:24AM

I think that they will be way better off than they were ** -- TerryD 09/09/2021 10:07AM

Yep, it will depend on the state from which the income is sourced -- RJHokie 09/08/2021 9:46PM

No matter the school... -- GCHokie34 09/08/2021 9:10PM

We know there are two schools with million dollar QBs, and they won't be... -- EDGEMAN 09/09/2021 06:47AM

Why anybody pay a Vandy, Mizzou, Miss ST, Kansas or KSTate football player -- PadrosWindup 09/11/2021 09:40AM

The advantage to a business of being above board is that the -- VT ChemE 1986 09/09/2021 10:05AM

It was shown that truck was a rental... -- GCHokie34 09/09/2021 08:28AM

Do you remember a certain UNC football coach distributing cash... -- EDGEMAN 09/09/2021 09:26AM

Players are less likely to take illegitimate money... -- GCHokie34 09/09/2021 11:24AM

Yeah, it's amazing how some fans think paying taxes is some kind of reason -- NokieHokie 09/08/2021 9:14PM

They are the people who think about taxes in every decision ** -- PadrosWindup 09/11/2021 09:57AM

It really is. -- RJHokie 09/08/2021 9:23PM

@GCHokie34 You might want to chime in. ** -- IB4TECH 09/08/2021 8:52PM

It depends on how the agreement is structured. -- RJHokie 09/08/2021 6:02PM

Not sure how many things they can write off if they're just driving over... -- EDGEMAN 09/08/2021 6:04PM

Mileage and direct expenses are deductible. -- RJHokie 09/08/2021 6:08PM

Would be subject to self employment tax. ** -- VT4ME 09/08/2021 5:56PM

When I worked as an independent contractor... -- EDGEMAN 09/08/2021 8:23PM

That is on top of income tax. It is 12.8% FICA and the Medicare portion. ** -- VT4ME 09/09/2021 10:16AM

Which I believe runs around 15% ** -- VT ChemE 1986 09/08/2021 6:02PM

Yep ** -- VT4ME 09/08/2021 7:09PM

We know there are two schools with million dollar QBs, and they won't be...

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