ValleyFAN wrote:Reported that Mosley is getting $250,000 housing and a car from Mizzou.
Reported where?
ValleyFAN wrote:Reported that Mosley is getting $250,000 housing and a car from Mizzou.
ValleyFAN wrote:https://twitter.com/wyattwheeler_nl/status/1535018672414248997?s=21&t=oBfYTvtmtArXV_P27GvbcA
Dawgbit wrote:The NIL concept is wrong from several angles. Paying a 19-22 year old kid a six digit amount of money will do more harm than good TO THE KID. A kid that age, especially coming from a humble background thinks it is more money that they can spend, and before you know it, they have run through it like crap through a goose. Then the following Spring that get a letter from this place called the Internal Revenue Service, informing them they owe a 5 digit figure to the IRS, not to mention state departments of revenue demanding the same. I had a chat one day with a guy who worked for a big annuity company, his territory included a Chicago burb where several NBA stars lived. They all lived in big houses with many newfound "friends", lots of new shiny cars parked out on the street, once they quit playing the gravy train derailed.
Thanks a lot NCAA.
BCPanther wrote:Dawgbit wrote:The NIL concept is wrong from several angles. Paying a 19-22 year old kid a six digit amount of money will do more harm than good TO THE KID. A kid that age, especially coming from a humble background thinks it is more money that they can spend, and before you know it, they have run through it like crap through a goose. Then the following Spring that get a letter from this place called the Internal Revenue Service, informing them they owe a 5 digit figure to the IRS, not to mention state departments of revenue demanding the same. I had a chat one day with a guy who worked for a big annuity company, his territory included a Chicago burb where several NBA stars lived. They all lived in big houses with many newfound "friends", lots of new shiny cars parked out on the street, once they quit playing the gravy train derailed.
Thanks a lot NCAA.
These kids aren't stupid, they know taxes are coming, cripes. Plus every athletic department and services like INFLCR are helping them navigate this. They aren't just being handed checks and told 'have at it, kid'.
Dawgbit wrote:The NIL concept is wrong from several angles. Paying a 19-22 year old kid a six digit amount of money will do more harm than good TO THE KID. A kid that age, especially coming from a humble background thinks it is more money that they can spend, and before you know it, they have run through it like crap through a goose. Then the following Spring that get a letter from this place called the Internal Revenue Service, informing them they owe a 5 digit figure to the IRS, not to mention state departments of revenue demanding the same. I had a chat one day with a guy who worked for a big annuity company, his territory included a Chicago burb where several NBA stars lived. They all lived in big houses with many newfound "friends", lots of new shiny cars parked out on the street, once they quit playing the gravy train derailed.
Thanks a lot NCAA.
Dawgbit wrote:BCPanther wrote:Dawgbit wrote:The NIL concept is wrong from several angles. Paying a 19-22 year old kid a six digit amount of money will do more harm than good TO THE KID. A kid that age, especially coming from a humble background thinks it is more money that they can spend, and before you know it, they have run through it like crap through a goose. Then the following Spring that get a letter from this place called the Internal Revenue Service, informing them they owe a 5 digit figure to the IRS, not to mention state departments of revenue demanding the same. I had a chat one day with a guy who worked for a big annuity company, his territory included a Chicago burb where several NBA stars lived. They all lived in big houses with many newfound "friends", lots of new shiny cars parked out on the street, once they quit playing the gravy train derailed.
Thanks a lot NCAA.
These kids aren't stupid, they know taxes are coming, cripes. Plus every athletic department and services like INFLCR are helping them navigate this. They aren't just being handed checks and told 'have at it, kid'.
Key word is “kids”. These kids all have families. Just hide and watch. PS - you are a bigger fan of government programs than me.
Dawgbit wrote:The NIL concept is wrong from several angles. Paying a 19-22 year old kid a six digit amount of money will do more harm than good TO THE KID. A kid that age, especially coming from a humble background thinks it is more money that they can spend, and before you know it, they have run through it like crap through a goose. Then the following Spring that get a letter from this place called the Internal Revenue Service, informing them they owe a 5 digit figure to the IRS, not to mention state departments of revenue demanding the same. I had a chat one day with a guy who worked for a big annuity company, his territory included a Chicago burb where several NBA stars lived. They all lived in big houses with many newfound "friends", lots of new shiny cars parked out on the street, once they quit playing the gravy train derailed.
Thanks a lot NCAA.
tribecalledquest wrote:Dawgbit wrote:The NIL concept is wrong from several angles. Paying a 19-22 year old kid a six digit amount of money will do more harm than good TO THE KID. A kid that age, especially coming from a humble background thinks it is more money that they can spend, and before you know it, they have run through it like crap through a goose. Then the following Spring that get a letter from this place called the Internal Revenue Service, informing them they owe a 5 digit figure to the IRS, not to mention state departments of revenue demanding the same. I had a chat one day with a guy who worked for a big annuity company, his territory included a Chicago burb where several NBA stars lived. They all lived in big houses with many newfound "friends", lots of new shiny cars parked out on the street, once they quit playing the gravy train derailed.
Thanks a lot NCAA.
There is really a lot wrong with this post. Let's leave it at that.
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