Posts tagged as:

NCAA

Life is a Bowl of Football

29 December 2009

Today, for the first time in 30 years, Temple is going to a bowl game (excuse me while I wipe a tear of joy from my cheek). It’s a pretty remarkable feat, considering that, just four years before, the university nearly shuttered its football program altogether. The committee decided to keep the program, despite [...]

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Twitter Tax Tips #13

15 March 2009

Filling out those tourney brackets? Remember that your winnings (and all gambling winnings) are taxable! #TwitterTaxTip
(For more on twitter tax tips, see my prior explanatory post.)

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This Just In…

29 November 2007

Penn State University has released the official salary of Joe Paterno and the news is BIG. Really BIG.
And why? Because it’s… get this… $512,664.
No missing digits here.
The provost at the University of Alabama should be weeping by now. And the folks at the University of South Carolina should demand a refund from [...]

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The Shill of the Game

14 October 2007

No, that’s not a typo. These days, it seems, it is all about the dollars. Even in college sports – or maybe especially in college sports.
The headline on this week’s Philadelphia Inquirer, Sunday Edition, blared “Raising Funds – and eyebrows” – the story about the push to raise money for colleges through athletics made the [...]

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NCAA: Ball Is In IRS’ Court

22 November 2006

NCAA President Myles Brand has (finally) responded to the ongoing inquiry into the tax-exempt status of the organization in a 25 page letter posted on the organization’s web site.  The response initially had an October deadline – I guess somebody forgot to tell the folks in Committee that it’s college football season.  You can’t expect [...]

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The Price You Pay.

19 November 2006

Following up on my recent post about the NCAA, college sports and tax-exempt status, take a look at  this tidbit in USA Today which reports college coach salaries.
I’ll bet Jim Tressel thinks his approximately $500k advantage over Lloyd Carr is worth it following this weekend’s Ohio State-Michigan game…  Of course, that begs the question, why [...]

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Are You Ready for Some Football?

6 October 2006

Madeline had previously posted an interesting query about the economics and tax implications of (gulp) college football.  It’s worth another look in light of this recent post by DevilGrad on a similar issue.  There’s even more analysis here.
The real question at issue is "Why is a multi-million dollar business, which is not effectively related to [...]

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March Madness

11 March 2006

The madness of March just got a little… madder?
In an article from the Chronicle of Higher Education, it was reported that an inquiry has been launched in Congress as to a number of potential tax abuses.
We all know that college sports are money-makers.  The amount of revenue generated by ticket sales, merchandising, broadcast rights [...]

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A Free Ride?

16 February 2006

Guest Blogger: Madeline M. Martin

As almost anyone who knows me can attest, I am a college football fanatic. This time of year I usually focus my attention on recruiting. This month, February, is when high school seniors can formally commit.
It was recently reported throughout the sports media that Texas A&M recruit, Terrence [...]

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