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Sor of like what JG Wentworth does. It raises concerns that athletes aren't being fully informed about the details. https://www.espn.com/college-sports/story/_/id/41664466/n... We will get by. We will get by. We will get by. We will survive. Back to Top Maddog13 General User Member Since: 12/21/2004 Location: Albuquerque, NM Post Count: 725 Status: Offline     RE: Red flags raised over new NIL company    Posted: 10/10/2024 10:19:23 PM  Anyone wanting to know the ins and outs of NIL, I highly recommend reading "The Price: What It Takes to Win in College Football's Era of Chaos" by Armen Keteyian and John Talty. It just came out this summer and is absolutely mind blowing. Back to Top Andrew Ruck General User Member Since: 12/22/2004 Location: Columbus, OH Post Count: 4,957 Status: Offline     RE: Red flags raised over new NIL company    Posted: 10/11/2024 8:17:17 AM  There are vulture companies like this out there in a lot of industries. I know there are several MLB stars (mostly latino) that are giving a sizable chunk of their career earnings to companies that threw money at them in their youth in exchange for the "lifetime royalty." It's pretty sad. Andrew Ruck B.B.A. 2003 Back to Top M.D.W.S.T General User Member Since: 12/23/2021 Post Count: 2,427 Status: Offline     RE: Red flags raised over new NIL company    Posted: 10/11/2024 9:47:43 AM  More and more deals are going to be going through layers of LLC's and shadow companies to avoid paper trails. Back to Top Alan Swank General User Member Since: 12/11/2004 Location: Athens, OH Post Count: 7,077 Status: Offline     RE: Red flags raised over new NIL company    Posted: 10/11/2024 12:32:55 PM  Andrew Ruck wrote: There are vulture companies like this out there in a lot of industries. I know there are several MLB stars (mostly latino) that are giving a sizable chunk of their career earnings to companies that threw money at them in their youth in exchange for the "lifetime royalty." It's pretty sad. Pretty much what happened in the music industry in the late 50s through the 80s. Back to Top OhioCatFan General User Member Since: 12/20/2004 Location: Athens, OH Post Count: 14,311 Status: Offline     RE: Red flags raised over new NIL company    Posted: 10/11/2024 4:04:21 PM  M.D.W.S.T wrote: More and more deals are going to be going through layers of LLC's and shadow companies to avoid paper trails. And, there are those on here who still think that this isn't all going to end in a train wreck. The feds as a general rule aren't fond of folks who try to avoid paper trails when it comes to things like tax liability. The only BLSS Certified Hypocrite on BA "It is better to be an optimist and be proven a fool than to be a pessimist and be proven right." Note: My avatar is the national colors of the 78th Ohio Veteran Volunteer Infantry, which are now preserved in a climate controlled vault at the Ohio History Connection. Learn more about the old 78th at: http://www.78ohio.org Back to Top The Optimist General User Member Since: 3/16/2007 Location: CLE Post Count: 5,564 Status: Offline     RE: Red flags raised over new NIL company    Posted: 10/11/2024 11:04:58 PM  I miss the good ole days when you gave kids cash in brown paper bags and there was no need to get the irs involved I've seen crazier things happen. Back to Top BillyTheCat General User Member Since: 10/6/2012 Post Count: 9,930 Status: Offline     RE: Red flags raised over new NIL company    Posted: 10/12/2024 3:12:05 PM  Don’t feel bad for one family of athlete that gets taken advantage of. It’s college, a time when you learn life lessons. They getting what they wanted, and many fans are too. I’m just grabbing my popcorn. And these companies are legal in our capitalistic system. Last Edited: 10/13/2024 9:21:08 AM by BillyTheCat Back to Top Showing Replies:   1 - 8  of 8 Posts Jump to Page:   1 View Other 'Ohio Football' Topics                                                                                                                                                                                                                                                                               WHO'S ONLINE There are 203 Active Visitors on BobcatAttack.com 196 Guests 7 Registered Users:   Deciduous Forest Cat, joefromperry, Strouds-Bobcat, FormerMember, shabamon, NashvilleKat, LuckySparrow There are no other users looking at this page.

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