Looking For A Tax Break? Buy Your Alma Mater Its Next Football Star

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In the chaotic world of college sports’ Name, Image and Likeness, some booster groups that pay student-athletes to attend their favorite schools have claimed to be charitable organizations.

. They wielded burner phones and operated under the glow of yellow and black Waffle House signs, running an underground market for raw athletic talent.

Among those are collectives loosely affiliated with Notre Dame, Clemson, the University of Iowa, the University of Texas and the University of Oklahoma. None of the five responded toOnly now, even the money wouldn’t fit into paper bags. That was demonstrated by the recent mix-up involving high school quarterback Jaden Rashada.

The workaround involves a bit of theater. Donations to the nonprofit collective are said to be a gift to a charitable organization . But rather than, you know, give the money to the charity to do its good deeds, the money is earmarked to pay players to, at least on paper, serve as fundraisers. Whether this convoluted arrangement generates a positive return on investment for the charities will remain unknown for years to come. But what’s clear now is that the idea is already garnering unfavorable attention from U.S. senators.

 

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