Tears Gator Tears

[RVACane]

View attachment 225653

 

[TheOriginalCane]

There’s nothing positive to spin. It’s a bad situation for the gator. The guys on campus who got paid, are guys who have already been there and it’s only the first year of NIL. This Rashada thing is going to affect you going forward in recruiting with other players.

Worse, Heitner was talking about hypothetical legal theories which could be employed against those who made promises. So Hathcock and the gator Guard??? How’s that gonna work out well for you?

This is a great point, on a couple of levels. First, it is proof to other donors that GC can "write a blank check" that donors are expected to cover, no questions asked, regardless of whether you think it is money well spent. Second, if you do have second thoughts, will you be sued?

Bad, bad juju...

 

[TheOriginalCane]

View attachment 225653

Northern just needs to become a UM fan and join this board. He would be CIS's Next Top Moper...

 

[flagator86]

Thinking this isn’t going to effect your recruiting going forward is crazy.

It’s like a judge telling a jury to forget that the defense/prosecutor just made 10 great points and now they are to strike that from the trial and they’re just supposed to forget it was said…they aren’t gonna forget it was said.

All kids ,especially the top ones that are in line for a 7 figure deal are going to remember is that you guys reneged on the one huge deal you were giving out.

Like i said, time will tell.

 

[SpikeUM]

Who are they Spike?

In addition to Rashada, its mustard, Wilson and Hill.

 

[SpikeUM]

@TheOriginalCane @wspcane

I was thinking about taxes, like I often do; if Rashada was supposed to repay LW for reneging on the deal, and instead the GC paid it, is that phantom income?

 

[flagator86]

@RVACane

boy this about to spark a whole days worth of talk with my fellow Gator fans about Howard going to Ole Miss and now this….

 

[TC@ne]

Like i said, time will tell.

Time will tell if I become 6’3”.

I’m a full grown adult and have been 5’11” for the last 10 years, but time will tell.

 

[Fluffhead]

@TheOriginalCane @wspcane

I was thinking about taxes, like I often do; if Rashada was supposed to repay LW for reneging on the deal, and instead the GC paid it, is that phantom income?

Satisfaction of debt is still income. But in theory his net pay from it should be $0.

 

[Canes2082]

In addition to Rashada, its mustard, Wilson and Hill.

Eugene Wilson didn’t sign yet?

 

[SpikeUM]

Eugene Wilson didn’t sign yet?

Signed didnt enroll.

 

[SpikeUM]

Satisfaction of debt is still income. But in theory his net pay from it should be $0.

I agree, a really confusing situation though.....

 

[SpikeUM]

Time will tell if I become 6’3”.

I’m a full grown adult and have been 5’11” for the last 10 years, but time will tell.

This is how you differentiate a Canes site from a **** site, a **** would be referring to his manhood size (and exaggerating it by several inches!).

 

[flagator86]

There are four 4 stars that signed that didnt enroll. Future tears?

Wilson and Dijon been said they would summer enrollees though

 

[Fluffhead]

I agree, a really confusing situation though.....

Absolutely. And one of the reasons Ruiz and LifeWallet's set up is good for all parties. They are likely withholding taxes on the front end, or at least if the players are smart they are. But of course the media would rather play the lazy narrative that he is the villain of NIL. The guy making players actually use their NIL in marketing, come in once a week instead of getting a handout, have the chance to learn about how a company is run.

 

[TheOriginalCane]

@TheOriginalCane @wspcane

I was thinking about taxes, like I often do; if Rashada was supposed to repay LW for reneging on the deal, and instead the GC paid it, is that phantom income?

Welllllll....

If the LW stuff was done on payroll, you can easily reverse it out by year-end, and then just not issue a W-2 at all.

 

[SpikeUM]

Welllllll....

If the LW stuff was done on payroll, you can easily reverse it out by year-end, and then just not issue a W-2 at all.

Well.....unless the Borg, I mean the collective, sent the money to Rashada for him to repay, for LW it would be an expense on the Rashada side and income from the GC payment?!?!?

 

[SpikeUM]

Wilson and Dijon been said they would summer enrollees though

The concern if I were you is that they may end up not enrolling.

 

[OriginalCanesCanesCanes]

The concern if I were you is that they may end up not enrolling.

Especially if they don’t trust their future income streams from the collectives. I know I wouldn’t trust it.

 

[TheOriginalCane]

Satisfaction of debt is still income. But in theory his net pay from it should be $0.

Yeah, I responded a little bit differently, but your response made me think of something different, something we've already discussed in different threads, and which involves WHO paid WHOM.

When we have discussed buyouts, I believe we have said that we pay the new coach a grossed-up amount, and then HE pays his old employer.

So I think the ultimate answer would be determined by whether the Gaytor Collective paid the Rashadas (who then paid back LifeWallet) or whether the Gaytor Collective paid Life Wallet directly.

Interesting stuff...