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California passes NCAA Athlete Endorsement Bill

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California passes NCAA Athlete Endorsement Bill

Postby leopold » Wed Sep 11, 2019 10:03 am

https://www.cnn.com/2019/09/10/sport/ca ... index.html

Genuinely interested in people's ideas on this, especially Stallion's, considering his legal background.

For the record, Washington and Colorado are also looking at similar bills.
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Re: California passes NCAA Athlete Endorsement Bill

Postby JasonB » Wed Sep 11, 2019 10:57 am

It doesn't matter because the NCAA would declare them ineligible. But it opens up an opportunity to create a different organization that schools would eventually migrate to.
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Re: California passes NCAA Athlete Endorsement Bill

Postby ponyte » Wed Sep 11, 2019 12:41 pm

This hasn't got crap to do with athletes. It’s about taxpayers. California is in a financial bind and needs more tax dollars. What better source than kids. They get to pay huge tax rates if they are really special athletes and some taxes if just a so-so guy. Most athletes will get nothing of course but the state doesn't care about that. It only wants more money. These kids will not be a non-profit or state entity shielded from tax liabilities.

It may force big time college sports to face some type of consideration. Imagine all the sports (mainly women's but many men's as well) that do not benefit. How does the university deal with that? This may create two categories of college athletes with the majority being left behind financially.

What sounds like a great idea after a few drinks too many in Sacramento may turn out to be a nightmare.
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Re: California passes NCAA Athlete Endorsement Bill

Postby leopold » Wed Sep 11, 2019 1:17 pm

See, people are saying that is what California wants. They want the NCAA to declare them ineligible so they can sue them for monopolistic practices. I'm not sure where it goes from there, but that sounds potentially catastrophic.
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Re: California passes NCAA Athlete Endorsement Bill

Postby SMU_Alum11 » Wed Sep 11, 2019 1:21 pm

Catastrophic is california in a nutshell.
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Re: California passes NCAA Athlete Endorsement Bill

Postby 78pony » Wed Sep 11, 2019 2:14 pm

ponyte wrote:This hasn't got crap to do with athletes. It’s about taxpayers. California is in a financial bind and needs more tax dollars. What better source than kids. They get to pay huge tax rates if they are really special athletes and some taxes if just a so-so guy. Most athletes will get nothing of course but the state doesn't care about that. It only wants more money. These kids will not be a non-profit or state entity shielded from tax liabilities.

It may force big time college sports to face some type of consideration. Imagine all the sports (mainly women's but many men's as well) that do not benefit. How does the university deal with that? This may create two categories of college athletes with the majority being left behind financially.

What sounds like a great idea after a few drinks too many in Sacramento may turn out to be a nightmare.

So you are saying/implying that a good idea (theoretically) originated in SAC or the state of CA? I think not. But, you are so on the mark regarding what this is all about. Tax dollars. The cities/state are financial disasters and now the state is led by Gavin Newsom, left wing nut job. The future does not look bright in the Golden state.
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Re: California passes NCAA Athlete Endorsement Bill

Postby bubba pony » Wed Sep 11, 2019 2:29 pm

the income tax angle is very interesting. now throw in state income tax. very high in California, none in Texas. If you play an away game in California, do you file a state income tax like the professional team players are required to do?

If you are from California and some of your away games are played in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming with no state income tax, do you deduct that from your endorsement income?
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Re: California passes NCAA Athlete Endorsement Bill

Postby EastStang » Wed Sep 11, 2019 2:49 pm

We were just ahead of our time.
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Re: California passes NCAA Athlete Endorsement Bill

Postby malonish » Wed Sep 11, 2019 3:52 pm

bubba pony wrote:the income tax angle is very interesting. now throw in state income tax. very high in California, none in Texas. If you play an away game in California, do you file a state income tax like the professional team players are required to do?

If you are from California and some of your away games are played in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming with no state income tax, do you deduct that from your endorsement income?


If I work on location in FL I am still paid in TX. That's just my situation.
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Re: California passes NCAA Athlete Endorsement Bill

Postby smitty329 » Wed Sep 11, 2019 4:14 pm

malonish wrote:
bubba pony wrote:the income tax angle is very interesting. now throw in state income tax. very high in California, none in Texas. If you play an away game in California, do you file a state income tax like the professional team players are required to do?

If you are from California and some of your away games are played in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming with no state income tax, do you deduct that from your endorsement income?


If I work on location in FL I am still paid in TX. That's just my situation.


I use to work at a company that got fined for not recording time/paying taxes for employees working remotely. There may be a % associated with it but I had to log time by client/location - one year I had to file taxes in 5 states. Hope you are legal.
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Re: California passes NCAA Athlete Endorsement Bill

Postby malonish » Wed Sep 11, 2019 5:00 pm

I might spend 4-5 days once a year, and not even every year. Definitely working most of the year in TX and it's not even close.
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Re: California passes NCAA Athlete Endorsement Bill

Postby well travelled pony » Thu Sep 12, 2019 11:51 pm

ponyte wrote:This hasn't got crap to do with athletes. It’s about taxpayers. California is in a financial bind and needs more tax dollars. What better source than kids. They get to pay huge tax rates if they are really special athletes and some taxes if just a so-so guy. Most athletes will get nothing of course but the state doesn't care about that. It only wants more money. These kids will not be a non-profit or state entity shielded from tax liabilities.

It may force big time college sports to face some type of consideration. Imagine all the sports (mainly women's but many men's as well) that do not benefit. How does the university deal with that? This may create two categories of college athletes with the majority being left behind financially.

What sounds like a great idea after a few drinks too many in Sacramento may turn out to be a nightmare.


Laughable statements. You might want to know facts before opening your mouth.

California currently sits on a $21 billion surplus. The economy boomed since 2011. You may disagree with Newsome, but he is no fool.

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Re: California passes NCAA Athlete Endorsement Bill

Postby Pony ^ » Fri Sep 13, 2019 9:02 am

well travelled pony wrote:
ponyte wrote:This hasn't got crap to do with athletes. It’s about taxpayers. California is in a financial bind and needs more tax dollars. What better source than kids. They get to pay huge tax rates if they are really special athletes and some taxes if just a so-so guy. Most athletes will get nothing of course but the state doesn't care about that. It only wants more money. These kids will not be a non-profit or state entity shielded from tax liabilities.

It may force big time college sports to face some type of consideration. Imagine all the sports (mainly women's but many men's as well) that do not benefit. How does the university deal with that? This may create two categories of college athletes with the majority being left behind financially.

What sounds like a great idea after a few drinks too many in Sacramento may turn out to be a nightmare.


Laughable statements. You might want to know facts before opening your mouth.

California currently sits on a $21 billion surplus. The economy boomed since 2011. You may disagree with Newsome, but he is no fool.

Go Ponies!



Just please don't California my Texas.
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Re: California passes NCAA Athlete Endorsement Bill

Postby well travelled pony » Fri Sep 13, 2019 9:36 am

Pony ^ wrote:
well travelled pony wrote:
ponyte wrote:This hasn't got crap to do with athletes. It’s about taxpayers. California is in a financial bind and needs more tax dollars. What better source than kids. They get to pay huge tax rates if they are really special athletes and some taxes if just a so-so guy. Most athletes will get nothing of course but the state doesn't care about that. It only wants more money. These kids will not be a non-profit or state entity shielded from tax liabilities.

It may force big time college sports to face some type of consideration. Imagine all the sports (mainly women's but many men's as well) that do not benefit. How does the university deal with that? This may create two categories of college athletes with the majority being left behind financially.

What sounds like a great idea after a few drinks too many in Sacramento may turn out to be a nightmare.


Laughable statements. You might want to know facts before opening your mouth.

California currently sits on a $21 billion surplus. The economy boomed since 2011. You may disagree with Newsome, but he is no fool.

Go Ponies!



Just please don't California my Texas.


Okay. Can we please move on from bs political leanings?

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Re: California passes NCAA Athlete Endorsement Bill

Postby malonish » Fri Sep 13, 2019 1:07 pm

3
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