Bad day for athletics fundraising

vpackrats · December 22, 2017

How is it that people are down voting comments re: bonuses paid to AT & T employees, Comcast employees, etc? Hello ... that $$ can make a big difference for a lot of workers around Christmastime. I thought it was a very cool thing to do. Thumbs up! Yeah, yeah, I know ... this will likely earn some down votes for saying bonuses are a good thing. LOL.

Christopher Walker · December 22, 2017

7 minutes ago, vpackrats said:

How is it that people are down voting comments re: bonuses paid to AT & T employees, Comcast employees, etc? Hello ... that $$ can make a big difference for a lot of workers around Christmastime. I thought it was a very cool thing to do. Thumbs up! Yeah, yeah, I know ... this will likely earn some down votes for saying bonuses are a good thing. LOL.

Hmm, may because they're making massive layoffs elsewhere, including here at home.

https://www.dallasnews.com/business/att/2017/12/20/att-plans-lay-nearly-300-center-dallas-next-year

http://fox4kc.com/2017/12/20/hundreds-of-metro-att-employees-laid-off-just-before-christmas/

It should also be noted that those who are getting $1000 bonuses are getting that from union negotiations completely independent of the tax bill.

Edited December 22, 2017 by Christopher Walker

BillySee58 · December 22, 2017

8 minutes ago, Christopher Walker said:

Hmm, may because they're making massive layoffs elsewhere, including here at home.

https://www.dallasnews.com/business/att/2017/12/20/att-plans-lay-nearly-300-center-dallas-next-year

http://fox4kc.com/2017/12/20/hundreds-of-metro-att-employees-laid-off-just-before-christmas/

It should also be noted that those who are getting $1000 bonuses are getting that from union negotiations completely independent of the tax bill.

Yeah, it's a press move and an alignment/backing move more than it is an indication of this being some saving grace for the people of this country. Still working my way through the TCJA, so not trying to say it's great or awful as of yet, but you saying the bonuses are independent of the bill is correct.

BillySee58 · December 22, 2017

http://www.statesman.com/sports/college/due-new-tax-bill-texas-will-now-have-pay-over-million-for-jimbo-fisher/R42pBNtr4ZYQEArh5pzzGN/amp.html?__twitter_impression=true

SIAP

TheColonyEagle · December 22, 2017

8 hours ago, Christopher Walker said:

It should also be noted that those who are getting $1000 bonuses are getting that from union negotiations completely independent of the tax bill.

Right. But the bonuses from the tax deal are above and beyond those negotiations. Many will actually get 2 checks.

AT&T told CNBC the bonuses announced on Wednesday are above and beyond any existing agreements, which means some workers would get two $1,000 allocations: One with a new contract, and one when the tax reform bill is signed.

https://www.google.com/amp/s/www.cnbc.com/amp/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html

Edited December 22, 2017 by TheColonyEagle

TheColonyEagle · December 22, 2017

8 hours ago, BillySee58 said:

but you saying the bonuses are independent of the bill is correct.

It's actually INCORRECT

AT&T told CNBC the bonuses announced on Wednesday are above and beyond any existing agreements, which means some workers would get two $1,000 allocations: One with a new contract, and one when the tax reform bill is signed.

https://www.google.com/amp/s/www.cnbc.com/amp/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html

StealthEagle84 · December 22, 2017

"So those that need to make ends meet will have to make some cuts. And those cuts will probably come from programs that aren’t revenue drivers like football and men’s basketball. We’ll be passed out in the floor from shock if coach salaries decrease accordingly to help schools pay the new tax. Instead, we’re bracing for future stories about athletic department cuts to other sports, especially at schools without large donor and alumni bases."

https://www.yahoo.com/sports/new-tax-law-will-cost-college-athletic-departments-lots-money-185631171.html

keith · December 22, 2017

Does anyone really believe that the federal government should be in the business of subsidizing luxury boxes or preferred seat licenses for college athletics? The previous setup was done to exploit previous wording of the tax code. It's not like it's some sort of natural law or it's been that way from the beginning of time. The U.S. tax code is the most convoluted, inane creation in the history of the human race. Give it some time and people will figure out a way to rework the various programs so they comply with the new statute.

Edited December 22, 2017 by keith

southsideguy · December 22, 2017

Should this be moved to the Eagles Nest? It is becoming political tax issue. I come here to get from it for a while anyway. I rather argue uniforms, w-l records and O/C schedule. I can watch CNBC or FBN for my tax information.

outoftown · December 22, 2017

18 minutes ago, southsideguy said:

Should this be moved to the Eagles Nest? It is becoming political tax issue. I come here to get from it for a while anyway. I rather argue uniforms, w-l records and O/C schedule. I can watch CNBC or FBN for my tax information.

I do get what you are saying and plus-1d you.I just wish people would leave off the political side punches in one direction or the other or put them into another thread in the eagles nest.

However I do think it is fair to wonder how this does affect UNTs athletic finances, which I do feel is relevant here. For example this is likely to play directly into how much WB can/will offer SL in extension conversation. SL was likely to get offered more than a million with incentives and bonuses, so the tax will matter and WB sure needs to get his information straight before engaging in those talks. It might delay those talks, which is likely no biggie and more importantly it is likely to change amounts.

Edited December 22, 2017 by outoftown

southsideguy · December 22, 2017

Just now, outoftown said:

I do get what you are saying and plus-1d you.I just wish people would leave off the political side punches in one direction or the other or put them into another thread in the eagles nest.

However I do think it is fair to wonder how this does affect UNTs athletic finances, which I do feel is relevant here. For example this is likely to play directly into how much WB can/will offer SL in extension conversation. SL is likely to make more than a million, so the tax will matter and WB sure needs to get his information straight before engaging in those talks. It might delay those talks, which is likely no biggie.

I agree but the topic has been hijacked and left apogee.

Wag Tag · December 22, 2017

3 hours ago, TheColonyEagle said:

Right. But the bonuses from the tax deal are above and beyond those negotiations. Many will actually get 2 checks.

AT&T told CNBC the bonuses announced on Wednesday are above and beyond any existing agreements, which means some workers would get two $1,000 allocations: One with a new contract, and one when the tax reform bill is signed.

https://www.google.com/amp/s/www.cnbc.com/amp/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html

ATT saving $2billion a year! Oh and there is that merger thing! Suck up ATT.

TheColonyEagle · December 22, 2017

6 minutes ago, Wag Tag said:

ATT saving $2billion a year! Oh and there is that merger thing! Suck up ATT.

That's a different argument

Quoner · December 22, 2017

Man, I've been trying to read a lot on all sides to get my head around the changes that are still just trickling out because of the way this was passed, which was stupid, because gomeangreen.com had me covered the whole time. Thanks guys! I'm off to do some light financial planning in the VVIP if anyone would like to join me. @LoveMG is gonna share his top 5 investment plays of 2018 in the chat!

Cerebus · December 22, 2017

8 minutes ago, Quoner said:

@LoveMG is gonna share his top 5 investment plays of 2018 in the chat!

One word, ~~plastics~~ BitCoin.

This is a tough one folks. It is very much something that affects Mean Green Football. On the other hand it is also a political hot topic.

I'm going to give you you guys the benefit of the doubt. In this holiday season, I am choosing to believe that we are mature enough to discuss the impacts of CFB fundraising without getting dragged into the weeds of partisan politics.

Don't prove me wrong.

TreeFiddy · December 22, 2017

31 minutes ago, Cerebus said:

One word, ~~plastics~~ BitCoin.

This is a tough one folks. It is very much something that affects Mean Green Football. On the other hand it is also a political hot topic.

I'm going to give you you guys the benefit of the doubt. In this holiday season, I am choosing to believe that we are mature enough to discuss the impacts of CFB fundraising without getting dragged into the weeds of partisan politics.

Don't prove me wrong.

I am pretty sure that we have proven in the past that we can discuss topics like this with well thought out, fact based content. Everything should be fine.

ETA: In before the lock.

Edited December 22, 2017 by TreeFiddy

97and03 · December 22, 2017

This is all because of the Republicrats and Democans.

fastball · December 22, 2017

15 hours ago, Christopher Walker said:

Hmm, may because they're making massive layoffs elsewhere, including here at home.

https://www.dallasnews.com/business/att/2017/12/20/att-plans-lay-nearly-300-center-dallas-next-year

http://fox4kc.com/2017/12/20/hundreds-of-metro-att-employees-laid-off-just-before-christmas/

It should also be noted that those who are getting $1000 bonuses are getting that from union negotiations completely independent of the tax bill.

Nope.... not all of us are union represented.