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Friday, August 30, 2013

Should the IRS Investigate Johnny Football?

Manzel 2The NCAA and Texas A&M yesterday agreed on the suspension of Heisman Trophy winning quarterback Johnny Manziel for the first half of Saturday's season-opening game at Rice for violating NCAA bylaw 12.5.2.1, which states that student-athletes cannot permit their names or likenesses to be used for commercial purposes, including to advertise, recommend or promote sales of commercial products. or accept payment for the use of their names or likenesses.

Louisville Courier-Journal, Maybe IRS Should Take a Look at Johnny Manziel, by Tim Sullivan:

The Johnny Manziel case has been settled. Whether it’s over may depend on the IRS. The IRS has investigatory tools unavailable to the NCAA, and someone with subpoena power might be wondering how a college quarterback signs autographs in bulk and no money changes hands. It might be worth looking at some of the memorabilia dealers selling the Heisman Trophy winner’s signature to see if they have undeclared income or large, unspecified expenses. It might be worth squeezing some of these guys until some truth comes out.

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Comments

"Until the truth comes out?" What truth does Sullivan know about? He just wants others to do fishing for him. We saw the same media attacks against Cam Newton with all sorts of wild claims which turned out to be false, as proved by extensive investigations. Oh, they didn't tell you about that, though. Just another lazy activist journalist.

Posted by: Woody | Aug 30, 2013 11:19:32 AM