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  1. Pentagon Cane

    HA! Eat that NCAA!!

    Already paid myself a low salary and gave myself a hefty distribution. I actually increased my salary so I could increase SEP-IRA contributions. You do FL? Moving my business out of VA. Getting killed at 5.5% state tax.
  2. Pentagon Cane

    HA! Eat that NCAA!!

    Like everything passed in DC, these clowns don't ever think about unintended consequences. McCain-Feingold was to end dark money in politics. CRRA never anticipated sub-zero loans crashing the real estate market. Not sure exactly what will happen here but I am certain it will not fix the...
  3. Pentagon Cane

    HA! Eat that NCAA!!

    That should impact a handful of kids who would form an LLC or corporation. I am an LLC and get taxed as an LLC. My folks are all 1099s. Keeps my G&A and OH down to nothing and I cream my competitors because my indirect is nothing. Alabama state tax is 5%. If a kid clears $500,000 legally in 4...
  4. Pentagon Cane

    HA! Eat that NCAA!!

    The $200,000 the kid got under the table is tax free. Until the Alabama's, LSU's and Clemson's are penalized for cheating, all this does is increase the bag floor.
  5. Pentagon Cane

    HA! Eat that NCAA!!

    Yes, I think Diaz will need to take a tax accountant with him on his official in-home. The CPA can discuss the potential $2,500 tax liability that the Alabama state income tax might generate. That will be the deal breaker. Should be the difference between us and the 19-time national championship...
  6. Pentagon Cane

    HA! Eat that NCAA!!

    LoL, you just wake up Rip after a 20 year sleep? It is not 2001. Teasing. The game would definitely be better with a perennial national contending Miami. If for nothing less than to challenge Clemson and SEC current dominance. What is killing the college game is lack of competitiveness at the...
  7. Pentagon Cane

    HA! Eat that NCAA!!

    Yes, Pat Mahomes is huge in Caracas. You live on Earth most days, correct? As good as Mahomes was at Texas Tech, 99.9% of the country couldn't have pick him out of a line up even after the NFL draft in 2017. Nobody expected the kid to be this good. Smith did not exactly have anything other than...
  8. Pentagon Cane

    HA! Eat that NCAA!!

    Of course I understand the fundamentals of valuation. Didn't read the NCAA has figured that out as of it. You can buy a Joe Burrow LSU signed jersey right now for $469.99. Tua Bama is going for $292.59. Saquon Barkley Penn State goes for $298.29. Probably going to be a little trickier with...
  9. Pentagon Cane

    HA! Eat that NCAA!!

    LoL, college football. The world's game.
  10. Pentagon Cane

    HA! Eat that NCAA!!

    In the end the rich will get richer. You think Urban Meyer won't command any salary he wanted if he decided to return to college? What if Saban decided to leave Alabama for say Michigan? They would open up the Brinks truck. This has nothing to do with equaling the competitive playing field. A...
  11. Pentagon Cane

    HA! Eat that NCAA!!

    I guarantee you they are mostly kids from the tri-county area. My son is a junior at Miami. He dated a gal who was going to FIU. She would go to games with him. She still rooted for FIU when they played Miami. Lots of Tri-County kids who like UM sports. Again, this doesn't come close to the fan...
  12. Pentagon Cane

    HA! Eat that NCAA!!

    As I said before the average age of the Miami fan, non-alum outside the tri-county area is near deceased. Miami has a national name but probably these days because they are showing off South Beach. Haslem grew up in Miami. He is a big Miami fan. He always roots for his alma mater when it plays...
  13. Pentagon Cane

    HA! Eat that NCAA!!

    Alum base doesn't matter? Florida has around 450k living alum. Miami has 193k. As I said earlier, I paid Hurricane Club $250 dollars for right to purchase 2 club seats. The equivalent at Florida would be $1,250. It is what the market will bear. LoL, there are more Gator alum in Dade and...
  14. Pentagon Cane

    HA! Eat that NCAA!!

    But a fundamental question is who sets the fair market intrinsic value of an autograph? How about the secondary market? Can a kid participate monetarily in the secondary market?
  15. Pentagon Cane

    HA! Eat that NCAA!!

    Exactly. Michael or Lebron or Serena had to build national brands.
  16. Pentagon Cane

    HA! Eat that NCAA!!

    The number #1 pick in the NFL draft is going to get national interest if his agent has a pulse especially a recognizable kid like Lawrence. How about the tenth kid in the draft? Chase Young #2 in 2020 just did a local car commercial recently here in the DMV. That runs sometime during a Caps or...
  17. Pentagon Cane

    HA! Eat that NCAA!!

    This isn't the Premier League. LoL
  18. Pentagon Cane

    HA! Eat that NCAA!!

    How many rookies get national deals other than Saquan Barkley? Maybe D'eriq King gets a tv gig for the local pawn shop? Maybe you see him in a Williamson Cadillac ad in the game day program. I guarantee you Najee Harris or Matt Jones or Devonta Smith is going to be plastered all over Alabama...
  19. Pentagon Cane

    HA! Eat that NCAA!!

    You think they care about college football in Bogota or Lima? To quote our President, "Come on man!"
  20. Pentagon Cane

    HA! Eat that NCAA!!

    It certainly ups the going rate. Makes it now guaranteed money. You think Nick Saban isn't tell kids they are going to be well compensated legally because the Tide nation is very generous and loves their football? Nobody gives a **** about Miami other than the loyal 40 to 50K fans who show up...
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