Arbuckles buyout

[Coug90]

Use it for Mateer. Thank you Oklahoma!

 

[Cougini5591]

Use it for Mateer. Thank you Oklahoma!

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Can we? I bet that we can't. Probably has to go into our "general" athletics

 

[95coug]

Can we? I bet that we can't. Probably has to go into our "general" athletics

No. Mateer isn’t an employee, yet. NIL payments come from outside the university.

 

[Observer11]

Can we? I bet that we can't. Probably has to go into our "general" athletics

Hire one of the Cougar Collective board members as a consultant to the athletic department for $450k. Turns around and makes a “donation” to the Collective.

Problem solved.

 

[M-I-Coug]

Can we? I bet that we can't. Probably has to go into our "general" athletics

Probably co-mingling of funds.

But who's regulating these days, anyways?

 

[HCoug]

Hire one of the Cougar Collective board members as a consultant to the athletic department for $450k. Turns around and makes a “donation” to the Collective.

Problem solved.

No problem, except for the six figure tax liability for any Cougar Collective board member naive enough to agree to this. Donations to the Collective are not deductible.

 

[Coug90]

No problem, except for the six figure tax liability for any Cougar Collective board member naive enough to agree to this. Donations to the Collective are not deductible.

Eh the NCAA doesn’t have any rules. Now that Trumps gonna be president the IRS will pretty much cease to exist. Easy peasy.

 

[Stretch 74]

No problem, except for the six figure tax liability for any Cougar Collective board member naive enough to agree to this. Donations to the Collective are not deductible.

H, I don't think it would be a tax liability if one gives them after tax money. I guess there could be an opportunity cost of not being able to itemize and deduct those dollars from other income, thus avoiding some tax on the other income.

Just my thoughts, but I am NOT a tax attorney, CPA, or someone that stayed at a Holiday Inn Express last night.

 

[95coug]

Eh the NCAA doesn’t have any rules. Now that Trumps gonna be president the IRS will pretty much cease to exist. Easy peasy.

Only for corporations and those that make over 500K

 

[Observer11]

No problem, except for the six figure tax liability for any Cougar Collective board member naive enough to agree to this. Donations to the Collective are not deductible.

So kick back $300k Hold back the rest for tax liability.