Would a different coach actually bring in more NIL here or would it make no meaningful difference?

[S_Janowski]

I can tell you that’s a real issue. People with money who make donations almost exclusively do so to 501c3’s.

But these aren’t really donations. It’s buying players.

It’s an obstacle for sure…but I’m not sure how a bunch of big money donors were so close to ponying up for NIL to support our once in a lifetime opportunity with Dylan/Ace and didn’t realize the tax implications and all pulled back.

It’s either not accurate or if it is accurate, it’s a representation of the lack of big money donors that we can tap into for NIL.

Hence my conclusion that it doesn’t really matter who the coach is…I don’t see them having a massive impact on fundraising unless it’s a massive named coach we we know isn’t happening.

 

[S_Janowski]

How did Schiano get by the tax code issues from his donors?

Schiano is one of a kind, has deep connections in NJ, has charisma and can do some things at Rutgers that most other coaches can’t.

With that said I don’t think our total NIL in football can be better than middle of the pack in the conference.

Which would show that as good as he’s been doing raising funds it’s very difficult to raise a ton of money here and still a far ways away from where we probably need to be to have a shot at getting past 6-8 win seasons.

 

[RUFan20231]

I can tell you that’s a real issue. People with money who make donations almost exclusively do so to 501c3’s.

But these aren’t really donations. It’s buying players.

Is there something about the NJ tax code that is the issue? I don’t get what Richie is talking about otherwise. I doubt that donors in places like Alabama are getting tax deductions for NIL spending.

 

[Hondo77]

I think the University administration is happy with being a Northwestern or a Vanderbilt.

 

[RobertG]

Raising money like sales is a skill a good coach who can make the big money people believe you and trust you can raise the money. Pikell apparently either doesn't have the skill or doesn't want to try. A good coach can bring in the money.

 

[socaldave]

Basically my question is Pike now the reason our NIL is as bad as it is this year?

part of me thinks after the disaster of a season with Ace and Dylan that big time donors won't give to pike anymore (dead money etc...) but another part wonders even if we had another coach would it make any difference at all. After all Rutgers sports always struggled to raise money.

So would really be better off with another coach or will we still be bottom in BIG in NIL?

Pike and the mentality that hired him are the problem
If Rutgers Hired Pitino we would not be here today!
Rutgers Basketball is on the precipice of oblivion

 

[lakejj]

I can tell you that’s a real issue. People with money who make donations almost exclusively do so to 501c3’s.

But these aren’t really donations. It’s buying players.

Rich people involved in scumbag-ery??? Shocking!!

 

[Caliknight]

Rich people involved in scumbag-ery??? Shocking!!

You mean using available tax codes to determine where to donate money? “Rich” Americans are the most generous people on this planet.

Wealthy people trigger you lol

 

[Caliknight]

Is there something about the NJ tax code that is the issue? I don’t get what Richie is talking about otherwise. I doubt that donors in places like Alabama are getting tax deductions for NIL spending.

It’s not just NJ. The collectives aren’t charitable organizations. And honestly they shouldn’t be. This is straight pay for play. You are buying players. It’s not charity

 

[AdventureHasAName]

If we hired a coach that had multiple championships? Sure, that would bring in more NIL. Otherwise? Nope, it doesn't matter who we hire. The same thing applies in football, too.

 

[AdventureHasAName]

Is there something about the NJ tax code that is the issue? I don’t get what Richie is talking about otherwise. I doubt that donors in places like Alabama are getting tax deductions for NIL spending.

It's not the NJ tax code; it's the tax codes (federal and all 50 states) in general. Donations to the school are charitable contributions. NIL is not donations to the school (it literally can't be under both state tax and contract law). NIL is a contract with an individual player for use of their name, image and likeness (in legal theory). So it's not a donation and it's definitely not a charitable donation. So the tax implications they want (and get) for donating to the school do not arise for NIL payments.

 

[rutgersal]

Is there something about the NJ tax code that is the issue? I don’t get what Richie is talking about otherwise. I doubt that donors in places like Alabama are getting tax deductions for NIL spending.

They are, but their Foundations are 501c3. Ours isn’t, which is the right way to go, because paying players shouldn’t be tax deductible

 

[seansherm]

They are, but their Foundations are 501c3. Ours isn’t, which is the right way to go, because paying players shouldn’t be tax deductible

Evidently it should be if you want people that are smart with $ involved

 

[runrutgersrun]

I think the University administration is happy with being a Northwestern or a Vanderbilt.

I think this is so true. Most of every RU administration since the 1970's, including the probably well-intended Bloustein administration, has felt the same way. It's always felt like most of the RU powers that be/were sure that 'bigger' time sports would never come knocking at our door if we just ignored the prospect all together.

We are a state university with an inferiority complex...located within a state with an inferiority complex!

Go RU!

 

[Mholinko]

It’s an obstacle for sure…but I’m not sure how a bunch of big money donors were so close to ponying up for NIL to support our once in a lifetime opportunity with Dylan/Ace and didn’t realize the tax implications and all pulled back.

It’s either not accurate or if it is accurate, it’s a representation of the lack of big money donors that we can tap into for NIL.

Hence my conclusion that it doesn’t really matter who the coach is…I don’t see them having a massive impact on fundraising unless it’s a massive named coach we we know isn’t happening.

Most people think schiano does an excellent job of NIL and navigating this climate all things considered and we still are a 6-7 win program who has yet to reach even 8-9 once since he returned

It just does not bode well for the athletic department if that is the case… even GS will reach a point of frustration if that is the case

Makes it really difficult to get inspired about football or basketball when you already know your ceiling for the foreseeable future

 

[RUFan20231]

It’s not just NJ. The collectives aren’t charitable organizations. And honestly they shouldn’t be. This is straight pay for play. You are buying players. It’s not charity

That’s what I thought too. That’s why I was confused about the tax portion that was mentioned.

The comment that Richie made about donors backing out because of tax reasons doesn’t make sense unless there is some NJ specific reasons that would not apply in other states.

 

[RUFan20231]

It's not the NJ tax code; it's the tax codes (federal and all 50 states) in general. Donations to the school are charitable contributions. NIL is not donations to the school (it literally can't be under both state tax and contract law). NIL is a contract with an individual player for use of their name, image and likeness (in legal theory). So it's not a donation and it's definitely not a charitable donation. So the tax implications they want (and get) for donating to the school do not arise for NIL payments.

I understand that. But what is different for Rutgers than for schools like Alabama, Texas, Ohio (obviously other than history of winning, etc)? Is it a matter of wealthy donors there just not caring about not getting tax benefits?

 

[Jerseylegends]

They are, but their Foundations are 501c3. Ours isn’t, which is the right way to go, because paying players shouldn’t be tax deductible

@RUFan20231

 

[Caliknight]

Evidently it should be if you want people that are smart with $ involved

It's going to take the biggest of fandom to donate (give money) to a kid where you aren't even getting a tax write off.

Rutgers athletics giving is a charitable organization classified as a 501c3. If they were smart, they'd do some financial wizardry to funnel money through them for so called NIL.

Every call I've ever been on with new people and the collectives always start with the same question. "Are you a 501c3?"

When the answer is no it ends the conversations pretty quickly.

 

[AdventureHasAName]

I understand that. But what is different for Rutgers than for schools like Alabama, Texas, Ohio (obviously other than history of winning, etc)? Is it a matter of wealthy donors there just not caring about not getting tax benefits?

Yes. They want to win. Take a school like Tennessee for example. Rich boosters have been buying players for them illegally and under the table for decades. They weren't getting tax writeoffs for that, so they aren't worried about getting it now that they can legally do the same thing. Meanwhile, we never had anyone buying players for us, so the people who would be doing it now must have been expecting the same benefits they had been getting for years for donating to the school.

 

[Eagleton96]

Basically my question is Pike now the reason our NIL is as bad as it is this year?

part of me thinks after the disaster of a season with Ace and Dylan that big time donors won't give to pike anymore (dead money etc...) but another part wonders even if we had another coach would it make any difference at all. After all Rutgers sports always struggled to raise money.

So would really be better off with another coach or will we still be bottom in BIG in NIL?

The right coach can be a powerful salesperson and also bring credibility and confidence that increases donations. But generally those coaches have the choice to go where they want and go where there is already an established base.

 

[seansherm]

It's going to take the biggest of fandom to donate (give money) to a kid where you aren't even getting a tax write off.

Rutgers athletics giving is a charitable organization classified as a 501c3. If they were smart, they'd do some financial wizardry to funnel money through them for so called NIL.

Every call I've ever been on with new people and the collectives always start with the same question. "Are you a 501c3?"

When the answer is no it ends the conversations pretty quickly.

Yup, most people give because there is at least a benefit that comes with it. There is nothing for pay for play. Although, it really is like the kids are charity cases and they are getting $ for nothing now.

 

[ScarletLongIsland]

IRS Calls Out Non-profit NIL Collectives in Letter Outlining 2025 Priorities

If the IRS is successful in its attempts to reject NIL collectives as non-profit organizations, then collectives from all schools are likely to see a decrease in donations

www.athleticbusiness.com

 

[LotusAggressor]

I think the University administration is happy with being a Northwestern or a Vanderbilt.

They want to be Northwestern and Vanderbilt Monday to Friday and Ohio State on Saturday.

 

[rucoe89]

Basically my question is Pike now the reason our NIL is as bad as it is this year?

part of me thinks after the disaster of a season with Ace and Dylan that big time donors won't give to pike anymore (dead money etc...) but another part wonders even if we had another coach would it make any difference at all. After all Rutgers sports always struggled to raise money.

So would really be better off with another coach or will we still be bottom in BIG in NIL?

This tells you all you need about how over matched this coaching staff is in today's basketball world. What we all know - 2 top 5 picks projected and we flat out stunk. Any NIL will be squandered.

Harper at 2 and Bailey at 4 in Draft

 

[WhichReligionIsRight]

 

[RUHoopsHQ]

Basically my question is Pike now the reason our NIL is as bad as it is this year?

part of me thinks after the disaster of a season with Ace and Dylan that big time donors won't give to pike anymore (dead money etc...) but another part wonders even if we had another coach would it make any difference at all. After all Rutgers sports always struggled to raise money.

So would really be better off with another coach or will we still be bottom in BIG in NIL?

If Rick Pitino were the coach, he'd bring in a ton of cash

 

[bac2therac]

View embedded media

mamma mia

 

[rutgersal]

IRS Calls Out Non-profit NIL Collectives in Letter Outlining 2025 Priorities

If the IRS is successful in its attempts to reject NIL collectives as non-profit organizations, then collectives from all schools are likely to see a decrease in donations

www.athleticbusiness.com

Very interesting. So if the IRS wins this case, nil collectives won’t be able to issue receipts for tax deductions. If they lose, our collectives will likely pursue 501C3 status.

 

[rutgersal]

Evidently it should be if you want people that are smart with $ involved

Are people motivated to help Rutgers win, or are they motivated to get a tax deduction? Most people don’t give enough to have their NIL contributions materially affect their taxes. And you would only see the benefit of your tax deductible contribution if you itemize. And it only makes sense to itemize if you have 14,600 in deductions as a single or 29,200 filing as a married couple. And you would typically only do so if you paid enough home mortgage interest.

Those who take the standard deduction wouldn’t see any tax benefit from their NIL contributions anyway.

 

[Scarlet Jerry]

There isn't a coach RU could hire that is suddenly going to bring hidden boosters out of the wood work. It's been 100 years, 40+ years of major sports and they haven't surfaced, they aren't going to .

That’s not true. We have the Werblin Center, Rodkin Center, the football practice fields, and other facilities supported by donors. The issue is specifically NIL, which is a new phenomenon for donors. People give money for tangible things, not paying players, at least not here. I get it. I think schools where kids were getting paid under the table have an easier time with NIL because they have beeen paying players for decades.

 

[superfan01]

Are people motivated to help Rutgers win, or are they motivated to get a tax deduction? Most people don’t give enough to have their NIL contributions materially affect their taxes. And you would only see the benefit of your tax deductible contribution if you itemize. And it only makes sense to itemize if you have 14,600 in deductions as a single or 29,200 filing as a married couple. And you would typically only do so if you paid enough home mortgage interest.

Those who take the standard deduction wouldn’t see any tax benefit from their NIL contributions anyway.

Anybody looking to make a 5 to 7 figure donation would want it tax deductible.

 

[seansherm]

That’s not true. We have the Werblin Center, Rodkin Center, the football practice fields, and other facilities supported by donors. The issue is specifically NIL, which is a new phenomenon for donors. People give money for tangible things, not paying players, at least not here. I get it. I think schools where kids were getting paid under the table have an easier time with NIL because they have beeen paying players for decades.

It's true. Of course there will always be some donors that are stepping up, but even before NIL everyone complained RU fans don't donate like other places.

 

[rutgersal]

Anybody looking to make a 5 to 7 figure donation would want it tax deductible.

There are workarounds if someone wants to give that much