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OT- Bags

1mg of Epi said:
Ok you guys are missing my point. I don’t think I worded my question properly.

What’s illegal about paying someone to do something that isn’t inherently illegal?

I could understand if the payee were being charged w tax evasion, but what is the payor doing that’s illegal?
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Its bribery and corruption...see the NCAA basketball scandal with Louisville and Adidas. Its mostly an NCAA issue but its also a legal one in extreme cases. State schools especially, that get tax dollars, cant be engaged in stuff like that
 
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Tweed said:
Bags have become the stepping stone for agent representation down the road. Agents have more pull then any booster will ever have. Agents have more of an interest in getting kids to the “right” school in order to maximize their own earning potential down the road.
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Thank you! Been saying this for years. With the money involved it transcends the days of boosters handing off cash to recruits and handlers.

I know some people on here have this image of Saban the Godfather sitting at the head of the Commission, stapling bags of cash to be dropped but that's so far removed and outdated from what is probably really driving kids and their surrounding supportters.
 
westcoastcanes said:
It is also illegal to pay someone, or give them a gift over a certain size without reporting it to the government. If the Payor is not filing the proper documentation they are committing a crime with fines upwards of a half a million dollars per incident.
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That’s related to taxes tho.
 
1mg of Epi said:
That’s on the kids parents not the adidas exec who’ve been charged.
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It is the responsibility of the business, and the employee/recipient to report the income. This is why you fill out a 1099 before you receive money, generally (or a w-4 if you are an employee and not a contractor). It is so the business can report and send you the proper document for self reporting. Even if it were a gift, it is the payor's responsibility to file the correct form.
 
Miami[]_[]Smoke said:
Its bribery and corruption...see the NCAA basketball scandal with Louisville and Adidas. Its mostly an NCAA issue but its also a legal one in extreme cases. State schools especially, that get tax dollars, cant be engaged in stuff like that
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Ok.. so NCAA regs aren’t laws, so nobody can be arrested for breaking them. The state schools have their own regs about what they can pay for, but nobody alleges the schools paid for anything. Also these people were charged federally. And they are not school employees, they work for adidas.
 
westcoastcanes said:
It is the responsibility of the business, and the employee/recipient to report the income. This is why you fill out a 1099 before you receive money, generally (or a w-4 if you are an employee and not a contractor). It is so the business can report and send you the proper document for self reporting. Even if it were a gift, it is the payor's responsibility to file the correct form.
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Ok.. so if the money was declared there should be no legal issues. I’d think the charges here would be related to tax evasion, and not bribery.
 
The charges are based on defrauding the universities. Adidas is allegedly partnering with certain schools, but they are making athletes at those schools ineligible by making the payments to get them there.
 
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1mg of Epi said:
They aren’t being charged w tax crimes tho. I can see RICO but what’s the underlying crime.
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I’m not really following the case, but if this case proves money was paid, then irs can do its own thing. When money changes hands irs can take an interest.
 
pumbaa said:
@apfenny3 can shine some light since he passed his agent's test.
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I don’t have much knowledge on the whole shoe company involvement, I think that’s much more in basketball, but I know a lot of agents offer cash to get players to sign, which is completely backwards business-wise. In the state of Florida and many others it’s a felony to offer an inducement to a student-athlete. Many companies will offer a “marketing advance”, which I will never do because it’s bad business and it shows you aren’t confident in your own abilities as an agent.
 
Sorry
Orpheus said:
While that would suit the agenda of Canes fans, do note two things.
1) The story implicates Adidas officials are involved in swaying recruits to its collegiate affliliates, one of them being Miami.
2) Alabama is the epitome of this crooked system, and much like the parasitic organism that houses itself in the mouth of a certain fish which name I cannot recall, after a while the parasite takes the place of a vital part of the fish and thus the fish needs the parasite just as much as the parasite needs the fish. This is the reality of College football. Recruits WILL get paid.
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Sorry but it will come to an end. Once the FEDS get their heads out of their *** they will start to look at CFB. Then the ****'s going to really hit the fan.
 
simplycanes said:
Thank you! Been saying this for years. With the money involved it transcends the days of boosters handing off cash to recruits and handlers.

I know some people on here have this image of Saban the Godfather sitting at the head of the Commission, stapling bags of cash to be dropped but that's so far removed and outdated from what is probably really driving kids and their surrounding supportters.
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Your perception of modern day boosters is a bit outdated, imo. Boosters are more like corporations that dole out 100s of thousands of dollars to recruits via complicated schemes to avoid detection. Sure, there are still the $500 handshake deals for walking around money but the big time money with boosters is still there.

As for agents, I dunno. I mean, I know tweed is posting that based on his experience being close to the recruiting game but I'm going to disagree that the agents hold more power these days. Agents are actively in the business so secure college kids for representation - I would guess that a small % of agents have part of their business that scours the HS AA lists to find 18 YO kids to give money to. The boosters are closer to that than the agents are b/c the boosters are closer to the school/staff than the agents are...for the most part.
 
AUcane said:
Your perception of modern day boosters is a bit outdated, imo. Boosters are more like corporations that dole out 100s of thousands of dollars to recruits via complicated schemes to avoid detection. Sure, there are still the $500 handshake deals for walking around money but the big time money with boosters is still there.

As for agents, I dunno. I mean, I know tweed is posting that based on his experience being close to the recruiting game but I'm going to disagree that the agents hold more power these days. Agents are actively in the business so secure college kids for representation - I would guess that a small % of agents have part of their business that scours the HS AA lists to find 18 YO kids to give money to. The boosters are closer to that than the agents are b/c the boosters are closer to the school/staff than the agents are...for the most part.
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As an agent, it makes too much sense to start a relationship with a kid when he's in HS for it not to be happening. Agents recruiting kids is like coaches recruiting kids: relationships matter. Get on the kid early, take care of him and his family and it will pay off later.
 
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apfenny3 said:
I don’t have much knowledge on the whole shoe company involvement, I think that’s much more in basketball, but I know a lot of agents offer cash to get players to sign, which is completely backwards business-wise. In the state of Florida and many others it’s a felony to offer an inducement to a student-athlete. Many companies will offer a “marketing advance”, which I will never do because it’s bad business and it shows you aren’t confident in your own abilities as an agent.
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Close thread
 
Tweed said:
Bags have become the stepping stone for agent representation down the road. Agents have more pull then any booster will ever have. Agents have more of an interest in getting kids to the “right” school in order to maximize their own earning potential down the road.
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I think this scenario is more prevalent in basketball than football though. It's all about sneaker deals in basketball. If a kid gets steered towards an Adidas school by an agent or whatever Adidas can already be in his ear about an endorsement deal when he goes one and done. By the time the kid declares for the draft, his endorsement contract is already signed, sealed and delivered.
 
canecrazy23 said:
Sorry



Sorry but it will come to an end. Once the FEDS get their heads out of their *** they will start to look at CFB. Then the ****'s going to really hit the fan.
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I wouldn't be surprised if they prosecuted Alabama or any other big collegiate team. My stance is that the system allowed for an Alabama to exist and it is championing it because of the revenue it generates. Meaning that financially, many people profit off of it. My stance was to show that there is a parasite in college sports and that the bigger you are, the tougher it is to fall.
 
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