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Old 09-20-2013   #90
2012Champs
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Default Re: Foster admits to taking money in college

Quote:
Originally Posted by infantrycak View Post
Now you should know better. It is still a taxable event but these guys aren't making enough money for that to result in a tax owed.



That would be a great complaint IF he spoke during the season. But he didn't. This interview was done months ago during the off-season.

Here is something else to consider. Football by far makes the most money of all the sports. For some reason there are inconsistent rules for NCAA scholarship athletes and football is by far the most restricted. For example a scholarship tennis player or swimmer can give lessons and it is perfectly fine. I believe they can also appear in exhibition matches and be paid to do so (I may be wrong on that one but pretty sure on the lessons). But Arian or Johnny Football can't hold a football camp and make money of it or individual lessons. Why?

As for doing it before retiring, well now is when his soapbox is biggest. Think about the gay athlete discussions and people coming in and saying "see they never say anything until they are out of the league. Just a washed up former player trying to stay in the news." It is also relatively recent. If he waits until he is no longer a star and 10 years have passed folks will discount it saying well that was a decade ago.


They aren't 1099'd for the benefits so it wouldn't really matter what they made a year. Johnny football could have 50k in income from his investments and his college benefits wouldn't factor into his taxes.



Here is an interesting article on the topic
http://m.thinkadvisor.com/2013/08/27...uldnt-get-paid
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