Legal Way To Pay Recruits & Compensate SJU Student Athletes

T

TRabinowitz

Member
Hi all, there is a brand new movement based on the upcoming NCAA permission of allowing permission for student-athletes to make money off their name/image/likeness that will likely allow us as fans to compensate the labor class that constantly puts their body and longterm health on the line while also giving us an advantage in recruiting.

I've already made the first donation to pay St John's mens basketball players, and this service has been written up in a number of national media outlets the last few days. You can check it out and donate to compensating our players at studentplayer.com but below is a summary of how it actually works. Instead of sending money to the 6 and 7-figure presidents, ADs and coaches, this gives us an opportunity to get a leg up on recruiting and give money straight to the sect of the labor class that has long been given the short end of the straw compared to what their worth is.

HOW IT WORKS
A contribution is made to Student Player. The donor specifies the school/sport/position(s) that will be sponsored.

Student Player escrows the funds and publicizes the cumulative contribution totals for each school/sport/position so that EVERYONE can see them.

Prospective students apply to colleges, are granted admission, select a school, and participate in their respective league competitions.

Team Members fulfill a brief sponsorship obligation.

Compensation is given to the student athletes.
 
Creative, entrepreneurial maybe but a bit odd and seems like others will be getting a cut on this somehow. I'm sure there are pros, cons and other. I wouldn't donate to a name and faceless site.

Silly question- who & what defines "starting player" at a position if a donation made there?.
 
Last edited:
[quote="TRabinowitz" post=373915]Hi all, there is a brand new movement based on the upcoming NCAA permission of allowing permission for student-athletes to make money off their name/image/likeness that will likely allow us as fans to compensate the labor class that constantly puts their body and longterm health on the line while also giving us an advantage in recruiting.

I've already made the first donation to pay St John's mens basketball players, and this service has been written up in a number of national media outlets the last few days. You can check it out and donate to compensating our players at studentplayer.com but below is a summary of how it actually works. Instead of sending money to the 6 and 7-figure presidents, ADs and coaches, this gives us an opportunity to get a leg up on recruiting and give money straight to the sect of the labor class that has long been given the short end of the straw compared to what their worth is.

HOW IT WORKS
A contribution is made to Student Player. The donor specifies the school/sport/position(s) that will be sponsored.

Student Player escrows the funds and publicizes the cumulative contribution totals for each school/sport/position so that EVERYONE can see them.

Prospective students apply to colleges, are granted admission, select a school, and participate in their respective league competitions.

Team Members fulfill a brief sponsorship obligation.

Compensation is given to the student athletes.[/quote]

I think the government should pay student athletes.
 
FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.
 
[quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

I think the labor class should overthrow established institutions - universities that corrupt minds, big business, banking, everything. Once we divide the pie equally, there will be plenty of money for everyone and no one will have to work. We can abolish the military, save the environment, everyone can get free stuff, abolish correctional facilities, and share our wealth with the entire world and give free education, healthcare, and food for all. In fact we can not only open our borders, but there should be no borders whatsoever, no countries. Imagine all the people, living life in peace..
 
[quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

Isn't it funny about those sooooo concerned about helping the poor and working class often get wealthy doing it?
 
[quote="Beast of the East" post=373954][quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

Isn't it funny about those sooooo concerned about helping the poor and working class often get wealthy doing it?[/quote]
Based on what you’re feeling, I recommend Alocane.
 
[quote="Beast of the East" post=373954][quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

Isn't it funny about those sooooo concerned about helping the poor and working class often get wealthy doing it?[/quote]

I'll help ya out here, spank. Because I actually wondered about whether or not the website, student-player, would be taking a cut of the money before I put money in the pot, i actually reached out and ASKED them before assuming. They aren't taking any cut of the money contributed from donors or from the student-athletes when they collect.
 
[quote="Monte" post=373935]Is this legal now?[/quote]

The money is being held in escrow until the NCAA establishes the actual parameters on how student-athletes can collect money from their NIL. If by some chance theres a radical change in law/NCAA plans which no longer allows this model to execute by NCAA rules, Player-Student (the service) will then donate whatever money is put into the pot straight to the actual school and the program.
 
[quote="TRabinowitz" post=373963][quote="Beast of the East" post=373954][quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

Isn't it funny about those sooooo concerned about helping the poor and working class often get wealthy doing it?[/quote]

I'll help ya out here, spank. Because I actually wondered about whether or not the website, student-player, would be taking a cut of the money before I put money in the pot, i actually reached out and ASKED them before assuming. They aren't taking any cut of the money contributed from donors or from the student-athletes when they collect.[/quote]

You're saying that 100% of the money collected is being donated? If that's the case, then it certainly sounds more legit. Having said that, there still seems to be too many unknowns at this point about this charity and the entire situation. And as others have said, there's enough money floating around in corporate America to pay the players. They should be funding this along with the schools. Like everyone else, gotta pick and choose were to donate.
 
[quote="Monte" post=373968][quote="TRabinowitz" post=373963][quote="Beast of the East" post=373954][quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

Isn't it funny about those sooooo concerned about helping the poor and working class often get wealthy doing it?[/quote]

I'll help ya out here, spank. Because I actually wondered about whether or not the website, student-player, would be taking a cut of the money before I put money in the pot, i actually reached out and ASKED them before assuming. They aren't taking any cut of the money contributed from donors or from the student-athletes when they collect.[/quote]

You're saying that 100% of the money collected is being donated? If that's the case, then it certainly sounds more legit. Having said that, there still seems to be too many unknowns at this point about this charity and the entire situation. And as others have said, there's enough money floating around in corporate America to pay the players. They should be funding this along with the schools. Like everyone else, gotta pick and choose were to donate.[/quote]

Actually, Monte, if you are correct it would make sense. There will certainly be operational expenses whereby as administrators, there will be salaries, travel, and other general expenses. If a backer put in 100K of his own money, it could be exactly what you suspect, that he is seeding the fund to give it inertia. It could be booked as a loan whereby he gets repaid with interest. The model, more than likely is designed to put a stake in the ground, and get bought out by a much larger concern. Odds on, this isn't an altogether altruistic endeavor - it rarely is.
 
[quote="Beast of the East" post=373975][quote="Monte" post=373968][quote="TRabinowitz" post=373963][quote="Beast of the East" post=373954][quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

Isn't it funny about those sooooo concerned about helping the poor and working class often get wealthy doing it?[/quote]

I'll help ya out here, spank. Because I actually wondered about whether or not the website, student-player, would be taking a cut of the money before I put money in the pot, i actually reached out and ASKED them before assuming. They aren't taking any cut of the money contributed from donors or from the student-athletes when they collect.[/quote]

You're saying that 100% of the money collected is being donated? If that's the case, then it certainly sounds more legit. Having said that, there still seems to be too many unknowns at this point about this charity and the entire situation. And as others have said, there's enough money floating around in corporate America to pay the players. They should be funding this along with the schools. Like everyone else, gotta pick and choose were to donate.[/quote]

Actually, Monte, if you are correct it would make sense. There will certainly be operational expenses whereby as administrators, there will be salaries, travel, and other general expenses. If a backer put in 100K of his own money, it could be exactly what you suspect, that he is seeding the fund to give it inertia. It could be booked as a loan whereby he gets repaid with interest. The model, more than likely is designed to put a stake in the ground, and get bought out by a much larger concern. Odds on, this isn't an altogether altruistic endeavor - it rarely is.[/quote]

I agree with you beast, but then again when it comes to these things I tend to be very very skeptical for a lot of reasons.
 
[quote="Monte" post=373976][quote="Beast of the East" post=373975][quote="Monte" post=373968][quote="TRabinowitz" post=373963][quote="Beast of the East" post=373954][quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

Isn't it funny about those sooooo concerned about helping the poor and working class often get wealthy doing it?[/quote]

I'll help ya out here, spank. Because I actually wondered about whether or not the website, student-player, would be taking a cut of the money before I put money in the pot, i actually reached out and ASKED them before assuming. They aren't taking any cut of the money contributed from donors or from the student-athletes when they collect.[/quote]

You're saying that 100% of the money collected is being donated? If that's the case, then it certainly sounds more legit. Having said that, there still seems to be too many unknowns at this point about this charity and the entire situation. And as others have said, there's enough money floating around in corporate America to pay the players. They should be funding this along with the schools. Like everyone else, gotta pick and choose were to donate.[/quote]

Actually, Monte, if you are correct it would make sense. There will certainly be operational expenses whereby as administrators, there will be salaries, travel, and other general expenses. If a backer put in 100K of his own money, it could be exactly what you suspect, that he is seeding the fund to give it inertia. It could be booked as a loan whereby he gets repaid with interest. The model, more than likely is designed to put a stake in the ground, and get bought out by a much larger concern. Odds on, this isn't an altogether altruistic endeavor - it rarely is.[/quote]

I agree with you beast, but then again when it comes to these things I tend to be very very skeptical for a lot of reasons.[/quote]

It's a solid bet that the 100K a partner donor put in is not being escrowed, and as a donation is completely tax deductible. Then, that 100K can be used to establish operations - maintenance of a website, publicity, fund raising, salaries and overhead. These are all legitimate for a charitable organization as expenses, but the size of the donation is questionable. I'd love to hear of the background of the owners of this enterprise.
 
[quote="Beast of the East" post=373979][quote="Monte" post=373976][quote="Beast of the East" post=373975][quote="Monte" post=373968][quote="TRabinowitz" post=373963][quote="Beast of the East" post=373954][quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

Isn't it funny about those sooooo concerned about helping the poor and working class often get wealthy doing it?[/quote]

I'll help ya out here, spank. Because I actually wondered about whether or not the website, student-player, would be taking a cut of the money before I put money in the pot, i actually reached out and ASKED them before assuming. They aren't taking any cut of the money contributed from donors or from the student-athletes when they collect.[/quote]

You're saying that 100% of the money collected is being donated? If that's the case, then it certainly sounds more legit. Having said that, there still seems to be too many unknowns at this point about this charity and the entire situation. And as others have said, there's enough money floating around in corporate America to pay the players. They should be funding this along with the schools. Like everyone else, gotta pick and choose were to donate.[/quote]

Actually, Monte, if you are correct it would make sense. There will certainly be operational expenses whereby as administrators, there will be salaries, travel, and other general expenses. If a backer put in 100K of his own money, it could be exactly what you suspect, that he is seeding the fund to give it inertia. It could be booked as a loan whereby he gets repaid with interest. The model, more than likely is designed to put a stake in the ground, and get bought out by a much larger concern. Odds on, this isn't an altogether altruistic endeavor - it rarely is.[/quote]

I agree with you beast, but then again when it comes to these things I tend to be very very skeptical for a lot of reasons.[/quote]

It's a solid bet that the 100K a partner donor put in is not being escrowed, and as a donation is completely tax deductible. Then, that 100K can be used to establish operations - maintenance of a website, publicity, fund raising, salaries and overhead. These are all legitimate for a charitable organization as expenses, but the size of the donation is questionable. I'd love to hear of the background of the owners of this enterprise.[/quote]

Here’s a lot more on them. Problems already and it certainly seems more like a business venture then a charitable endeavor:
[URL]https://www.google.com/amp/s/w...-link-college-athletes-with-sponsorships?_amp[/URL]=true
 
[quote="Monte" post=373980][quote="Beast of the East" post=373979][quote="Monte" post=373976][quote="Beast of the East" post=373975][quote="Monte" post=373968][quote="TRabinowitz" post=373963][quote="Beast of the East" post=373954][quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

Isn't it funny about those sooooo concerned about helping the poor and working class often get wealthy doing it?[/quote]

I'll help ya out here, spank. Because I actually wondered about whether or not the website, student-player, would be taking a cut of the money before I put money in the pot, i actually reached out and ASKED them before assuming. They aren't taking any cut of the money contributed from donors or from the student-athletes when they collect.[/quote]

You're saying that 100% of the money collected is being donated? If that's the case, then it certainly sounds more legit. Having said that, there still seems to be too many unknowns at this point about this charity and the entire situation. And as others have said, there's enough money floating around in corporate America to pay the players. They should be funding this along with the schools. Like everyone else, gotta pick and choose were to donate.[/quote]

Actually, Monte, if you are correct it would make sense. There will certainly be operational expenses whereby as administrators, there will be salaries, travel, and other general expenses. If a backer put in 100K of his own money, it could be exactly what you suspect, that he is seeding the fund to give it inertia. It could be booked as a loan whereby he gets repaid with interest. The model, more than likely is designed to put a stake in the ground, and get bought out by a much larger concern. Odds on, this isn't an altogether altruistic endeavor - it rarely is.[/quote]

I agree with you beast, but then again when it comes to these things I tend to be very very skeptical for a lot of reasons.[/quote]

It's a solid bet that the 100K a partner donor put in is not being escrowed, and as a donation is completely tax deductible. Then, that 100K can be used to establish operations - maintenance of a website, publicity, fund raising, salaries and overhead. These are all legitimate for a charitable organization as expenses, but the size of the donation is questionable. I'd love to hear of the background of the owners of this enterprise.[/quote]

Here’s a lot more on them. Problems already and it certainly seems more like a business venture then a charitable endeavor:
[URL]https://www.google.com/amp/s/w...-link-college-athletes-with-sponsorships?_amp[/URL]=true[/quote]

As long as all of the money that we put in go to the athletes, I don't really care what their other methods of a sustainable business model is. FWIW, when I messaged with the founder yesterday he told me that eventually the website will be supported by advertisements on the website.

As for the $100k that his company put in the pot (10k each to 10 of the biggest college quarterbacks in the country), that money will be paid to those QBs in exchange for those athletes doing a social media post about the company. So yes, it is a business endeavor. The point is that athletes should be able to engage in our free market system just as much as every other person who works in the space.
 
[quote="TRabinowitz" post=373981][quote="Monte" post=373980][quote="Beast of the East" post=373979][quote="Monte" post=373976][quote="Beast of the East" post=373975][quote="Monte" post=373968][quote="TRabinowitz" post=373963][quote="Beast of the East" post=373954][quote="Monte" post=373951]FYI of the $103,000 “donated” so far, $100,000 came from a guy who seems to be a partner in this whole thing. So it seems like more of a “business investment” then a “donation”. I’ll pass on this. Not even sure we should be promoting this site without knowing way more about it.[/quote]

Isn't it funny about those sooooo concerned about helping the poor and working class often get wealthy doing it?[/quote]

I'll help ya out here, spank. Because I actually wondered about whether or not the website, student-player, would be taking a cut of the money before I put money in the pot, i actually reached out and ASKED them before assuming. They aren't taking any cut of the money contributed from donors or from the student-athletes when they collect.[/quote]

You're saying that 100% of the money collected is being donated? If that's the case, then it certainly sounds more legit. Having said that, there still seems to be too many unknowns at this point about this charity and the entire situation. And as others have said, there's enough money floating around in corporate America to pay the players. They should be funding this along with the schools. Like everyone else, gotta pick and choose were to donate.[/quote]

Actually, Monte, if you are correct it would make sense. There will certainly be operational expenses whereby as administrators, there will be salaries, travel, and other general expenses. If a backer put in 100K of his own money, it could be exactly what you suspect, that he is seeding the fund to give it inertia. It could be booked as a loan whereby he gets repaid with interest. The model, more than likely is designed to put a stake in the ground, and get bought out by a much larger concern. Odds on, this isn't an altogether altruistic endeavor - it rarely is.[/quote]

I agree with you beast, but then again when it comes to these things I tend to be very very skeptical for a lot of reasons.[/quote]

It's a solid bet that the 100K a partner donor put in is not being escrowed, and as a donation is completely tax deductible. Then, that 100K can be used to establish operations - maintenance of a website, publicity, fund raising, salaries and overhead. These are all legitimate for a charitable organization as expenses, but the size of the donation is questionable. I'd love to hear of the background of the owners of this enterprise.[/quote]

Here’s a lot more on them. Problems already and it certainly seems more like a business venture then a charitable endeavor:
[URL]https://www.google.com/amp/s/w...-link-college-athletes-with-sponsorships?_amp[/URL]=true[/quote]

As long as all of the money that we put in go to the athletes, I don't really care what their other methods of a sustainable business model is. FWIW, when I messaged with the founder yesterday he told me that eventually the website will be supported by advertisements on the website.

As for the $100k that his company put in the pot (10k each to 10 of the biggest college quarterbacks in the country), that money will be paid to those QBs in exchange for those athletes doing a social media post about the company. So yes, it is a business endeavor. The point is that athletes should be able to engage in our free market system just as much as every other person who works in the space.[/quote]

Theo, I know your heart is in the right place, so I'm not going to challenge that, but think about what they are doing - paying 10 top quarterbacks - who without question will be able to make a ton of money playing in the NFL. Their heart here is to use them promotionally to attract donations and get their business going.

I do not believe top athletes need to be compensated for their likeness, but it is the fringe player, the guy who will not make a dime off of the sport professionally yet will help in some way to fill stadiums, arenas and garner tv contracts, is who would be helped if anyone at all. If someone sunk 100K into this as a donation, it's disreputable because it's just funding a business model from which he will profit.
 
I would hate to be the coach making the decision who the starting QB will be knowing that one will make 10G and the subs who may be called on to play often in critical situations will get nothing. What about the pass receivers and the offensive line? Should be great for team chemistry.
 
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