Payday

That certainly ups taking the offensive linemen out for ice cream after a game.

42 Comments

Filed under Georgia Football, It's Just Bidness

42 responses to “Payday

  1. poetdawg

    Hope that he gets a good tax advisor. He could end up paying gift tax on the amount that he shares with his team mates, in addition to the income tax he will owe on the initial amount received. Uncle Sam doesn’t care about team spirit; he just says “show me the money.”

    Liked by 2 people

    • divingduck7

      He would just have to file a form for each in excess of $15k. Lifetime exemption amount is around $11M. However, I would assume since the split is announced as part of the deal it will be structured as direct payments to the individual. I assume UGA AA has oversight and involvement on every deal to streamline these scenarios.

      Liked by 11 people

    • rigger92

      Pretty sure ESM has to handle all of that, but I haven’t read any of the contract (obviously)

      Like

  2. Annabelle DeLine

    Sharing with teammates.

    This is the way.

    Liked by 1 person

  3. ugafidelis

    There are a bunch of accountants licking their chops right now.

    Liked by 2 people

  4. Corch Irvin Meyers, Former Jags Corch (2024)

    A 7-figure deal??? Wow! Looks like all his offensive linemen will be driving around in Dodge Challengers now, and good on J.T. Daniels for sharing. Hah! Now, I’m not coming down on the guys who don’t share and no one else should either, because we don’t know them or their family’s situation. However, a guy like J.T. Daniels who comes from a family that’s doing better than many others can afford to share his good fortune, and he has the good character to recognize that.

    Football is the ultimate team sport, and while there will be guys who take what they get from NIL and use it for themselves and to help their families, there will be others who share with teammates. Those are both good choices, and it should always be left up to the choice of the individual. I hope at some point the Georgia NIL Law is altered to reflect that.

    Liked by 3 people

    • TEXBaller

      So glad JT didn’t whine, cry, bark at coaches, quit and take his damn football back to SouCal last year while he paced the sidelines.

      Exemplary model of a young man.

      Like

  5. dawgtired7

    JT setting the precedent. This applies pressure to others making similar deals and no doubt catches the eyes of new recruits.

    Liked by 2 people

    • rigger92

      To be fair, it also puts pressure on the next QB for us. Whomever that is may not be in a financial position to do the same? I know, if it’s a million dollars there would likely be no problem. Ya never know though, some kid might need to bail out his grandparents’ medical debt, or any other random situation.

      Liked by 2 people

      • Down Island Way

        18 has that Big picture view, if gents up front keep # 18’s jersey clean, he can sign a ton of cards….

        Like

  6. Hogbody Spradlin

    There’s a nice direct incentive for the linemen to keep him upright and in one piece.

    Liked by 8 people

  7. JT Daniels missed the South Carolina game due to a blister on his throwing hand resulting from signing too many playing cards.

    Georgia luck.

    Liked by 6 people

  8. paulwesterdawg

    Good luck sorting out the logistics on sharing that $ and the tax implications associated with that. Yikes.

    If it’s given as a gift then JT pays the taxes. In that scenario he could give away half and get taxed on 1/3rd. He’s left with about $.17 on the dollar.

    Or he could share his post tax half. That leaves him with around $.30 on the dollar.

    Or he could ask the vendor to pay all 100 of his teammates. That’s a hassle for them but maybe he worked it into the deal.

    This space is ripe for automation

    Liked by 1 person

    • miltondawg

      He isn’t going to have to pay any gift tax on the gifts while he is at Georgia. He can give up to $15,000 per year to any person without even having to file a gift tax return. He can give up to $11,000,000 before he even gets over the lifetime exemption and has to pay gift tax.

      Like

      • paulwesterdawg

        Milton – I don’t mean he will pay a gift tax. I mean…if he’s paid as a 1099 contractor he will get taxed on the total. Then when he gives the gift the OL or WR may not have to pay taxes because of the size of the gift. But JT would have already been taxed on the sum.

        Like

      • rugbydawg79

        He is fixing to be loaded. doubt he is worried about tax implications.

        Like

  9. What are these “trading cards” of which you speak?

    Liked by 1 person

    • theorginaldawgabides

      I wasn’t aware of it until I read some posts elsewhere talking about it, but they’re apparently hot as fire again. MLB, NFL, and college football. They say you can’t find the packs in stores right now. Said if you have any old ones send them off to get graded, anything you have is at top dollar. I guess this bubble comes along about every thirty years or so. I have a footlocker full of baseball cards from the early 90’s that I may have to break out.

      Liked by 2 people

      • miltondawg

        Hell, in some stores they took them off the racks because there were literal fist fights (and worse) over the packs of cards.

        Like

      • Harold Miller

        I’m pretty sure I have a Chipper Jones rookie card. I wonder what that would fetch now.

        Like

        • RangerRuss

          #metoo. Also Glavine, Maddux, Smoltz and all the starters I think. Along with their card for ’95. It was a gift from my sweet wife who was also a Braves fan. I’d have to look to verify that. Put ’em in a box and haven’t looked at ’em since.
          Do ya’ll think it’s a good time to sell cards? Simply not a fan anymore.

          Like

  10. Shoot, he better be taking them out for steaks

    Like

  11. Trouble is when he only makes $100k, but the news story was “seven figures”. So when teammates only get a total of $50k they think they were bamboozled.

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  12. stoopnagle

    It’s heart-warming to see all the concern for other’s finances among the commentariat.

    How much do y’all want to bet that Kirby is on the mother? As in, among all the other support staff for nutrition, academics, life skills and on and on, there’s very likely now a bevy of accountants taking care of their tax concerns? ALWAYS. BE. RECRUITING.

    Liked by 5 people

  13. Note to self…when I’m bad mouthing millennials and Gen Zers…bitching about participation trophies, how they prefer texting instead of answering the damn phone, still living in their parent’s basement, entitled pukes, can’t/won’t change the oil in a car…remember (Self) JT is doing this…there is hope for our future, and even my mean curmudgeon, black thigh high sock wearing ass can learn something from these snot nosed clusterfucks. Humanity looks damn good on you, JT. DGD

    Liked by 5 people

    • RangerRuss

      I got a pack of Scooby Doo band-aids in my blow-out kit I keep for little girl’s booboos and for bleeding black hearts.

      😉

      Liked by 1 person

      • RR, hell if we read the fine print on some of those restraining orders, you and me both probably can’t go closer than 100 yards to lemonade stands, playgrounds that only recognizes obscure pronouns, 7 Day Adventist VFWs (when the fuck is happy hour?), non-sanctioned meth labs, VD testing sites, and probably Tourette’s Bingo night…instead of bandaids, stock bail money …or at least enuff 4 me

        Liked by 4 people

    • spur21

      Damn near perfect frozendude.

      Liked by 2 people

  14. RangerRuss

    “Pay da cost to be da boss”, James Brown sang.
    That’s a Kalifornistan mindset.

    Liked by 2 people

  15. Joe Blow

    A million bucks? Not happening. That’s ten thousand people paying $100. Each. And actually signing 10,000 cards? Nope.

    Liked by 1 person

    • jcdawg83

      That is assuming JT got all the money from each card. I’m sure ESM is going to want a cut. At the 50% noted, that is 20,000 people paying $100 per card. Of course, some big money donor could buy 10,000 for himself.

      Like

    • It’s only roughly 50 cards-per-day over the 6-month deal! Signing won’t be the problem.

      But yeah, 10,000 people actually buying one of his signed cards for $100+. Uh, who?

      Like

    • I just have all kinds of questions about this. Never heard of Darren Rovell. Never heard of ESM. And does JT get $100 for every card he signs? Whether the cards sell or not? Who’s paying him? How much do the cards cost and where do you buy them? They can’t be like the baseball cards I’m familiar with, who the hell would pay $100 for one of those cards?

      The economics of this just don’t make sense to me.

      Like

  16. 69Dawg

    If ESM treats him as an independent contractor he can form an LLC and issue 1099’s to his team mates for professional protection services (LMAO).

    Like

  17. Sweet D

    This 7 figure deal sounds suspiciously juiced up to compare favorably to one of our rival quarterback’s compensation package.

    ABC, indeed.

    Like