calumnus said:
hoop97 said:
Keep in mind that anyone equating NIL $$ to other funds forgets the NIL is basically 2x in funds raised since NIL is not tax deductible.
But 100% of NIL donations go to the players whereas donations to the AD are repeatedly squandered on admin salaries, search firms, law firms, settling law suits, investigations of their own behavior, paying off coaches that shouldn't have been hired or extended in the first place, and now incompetence that has our program on the brink of oblivion. I think Sebasta and Cal Legends is the better investment and will produce the best return, even if not tax deductible.
Thank you. I often tell people that while they don't get the tax deduction their donations will be at least 10 times more effective in terms of results on the field. So they can give $10,000 to the University, get a tax deduction for $5,000 and have $1,000 worth of impact or they can give $10,000 to the NIL and have $10,000 worth of impact. Not a tough call. And if anything, I'm probably underselling the differential .
One hundred cents on every dollar we raise goes to the players . If donors gave me 5% of the money Cal wants to spend on the basketball practice facility I can put together a team that can practice on a blacktop, take busses to the games . . . and will go to the Final Four. Guaranteed. And a team like that will unlock enough donations for the University that we can then build the Taj Mahal of practice facilities. Building the facility first is totally putting the cart before the horse.
We have to stop fighting the last war.
