To be fair, nobody is as vocal as him.
Rick Pitino - Head Coach at St John’s University!!!
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L J S A
Well-known member
Good point. The Oklahoma State guy is dead and the Miami guy had the school sever ties with him.
Those were the two I was thinking of
Yes good read!
Seeing what Clayton has done is another feather in Rick's cap. When Clayton was in High School where were the big schools. Rick saw something and recruited him to Iona. Rick is a great judge of talent. Too bad he wasn't successful in bringing him to SJU--but he tried.
I wonder how much NIL money from wealthy donors is funneled through their companies as a tax deductible business expense? While an athlete can bring some limited value to a company, did any Arkansas player raise revenue at Tyson chicken, or any SJU player significantly raise revenue at NoBull? As wealthy as these guys are, if they own companies they are not donating to NIL out of assets they've already paid taxes on.
I guess when you get down to it, revshare really does the same thing for individuals. Colleges really won't pay athletes out of revenue, but out of tax deductible dollars that donors contribute to the school. In that way the school does benefit by building their brand and generating revenue from successful sports teams that produce $$.
Still and all, it's all very murky. The IRS has only selectively gone after companies with questionable deductible expenses, but NIL really does fall into that category.
I guess when you get down to it, revshare really does the same thing for individuals. Colleges really won't pay athletes out of revenue, but out of tax deductible dollars that donors contribute to the school. In that way the school does benefit by building their brand and generating revenue from successful sports teams that produce $$.
Still and all, it's all very murky. The IRS has only selectively gone after companies with questionable deductible expenses, but NIL really does fall into that category.
As a former CPA I could give an answer as to why this will get even easier in the near future but I want to avoid any inference of politics.
Redenbacher
Well-known member
Excellent article, especially this little tidbit right at the end of it:
But even before NIL, the school was accustomed to donors contributing enormous sums to the basketball team. Duke already had something called the Legacy Fund, created by Krzyzewski to endow the team.
The minimum donation for the Legacy Fund: $1 million.
Brooklyn Red posted how Pitino is a great evaluator of talent which made me remember an interview he gave last week. When asked what was the most important things in building a winning program Pitino replied evaluating talent and recruiting.When coaches are asked that question they almost all reply recruiting is number one.
You can tell how he looks ahead to see how does this recruit fill the need that he is looking for. It won’t always be that high school all American.
You can tell how he looks ahead to see how does this recruit fill the need that he is looking for. It won’t always be that high school all American.
The Duke basketball team alone raised $33 million annually as of a few years ago.
Completed the Trifecta the Triple Crown.
Name a horse after him Repole.
I still can’t believe he is our coach. Boy did all the stars align correctly for us.
Now I just have to get over that horrible call on Kadary who went straight up on that defensive play. My nightmares don’t end over that call. Still over 30 years and I wake up in a cold sweat over the Billy Singelton technical against Puke.