Koi Perich Transfer Portal

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Gopher_In_NYC said:
My understanding is you have to spend a significant amount of time and have proof of residency to be considered a resident in another state, not sure how that would apply to a student attending a MN school.

My friend in HS moved to Iowa in order to establish residency before his freshman year, as Iowa residents had discounted tuition.
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I had to establish residency for a year back in the day, from Indiana went to school in Michigan. Had to pay out of state tuition my freshman year which was double for in-state. A few scholarships helped.
 

I think Perich could have helped Heatherman tonight run down the Ole Miss RB on their 1st TD.

Whomever was chasing looked to get within shoe string distance but gave up inside the 10 yd line.
 

Some guy said:
A few problems:

1. Texas Tech only plays 8/12 games in the state of Texas next year

2. These NIL deals are not for playing football, they’re for NIL. If NIL reaches outside the state of Texas it may be subject to that states tax laws

3. The revenue sharing deal is revenue sharing of conference revenue not Texas tech revenue in the state of Texas


I suspect the tax situation is much more complicated than “there is not income tax in Texas”



But I agree tech probably helps their people figure it out

In the simplest form:
1 million dollars in Texas is 908k in MN all else being equal due to Mn state income tax
But all else is not equal. So it’s more complicated than that.
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Professional athletes pay tax based on where they play, if there is tax. So for instance, Ant plays one game per year in Cleveland, 1/82 of his salary will be taxable in Ohio and he'll get a credit for that tax paid in MN. He also plays 2 games a year in FL but since FL does not pay an income tax, that 2/82 will be paid to MN. I would suspect Revenue sharing will be similar to pro athlete pay.

NIL on the other hand is almost certainly going to be a local matter.

Playing in the Big 12, though, will mean playing games in a lot of low/no tax states so even rev sharing income is going to see a lot less of a tax hit than playing in the B1G. If the gross revenue is equal, TT will be a net gain.
 

50PoundHead said:
If Koi spends 183 days outside of Minnesota, he's not a Minnesota resident for tax purposes. If he's at Texas Tech starting spring semester and is there throughout 2026, he can be a Texas resident for tax purposes. I don't know if he has to do anything other than that to establish residency. The whole NIL thing is pretty new, but I'm sure the agents and accountants are laying out the options for the players and providing them with advice.

But I do laugh about all the talk about players making decisions about where to play based on state tax policy. A tax professional can correct me if I'm wrong (and NIL may be treated differently), but professional athletes and entertainers have to pay taxes in the state in which their services are applied. In other words, when the Texas Rangers and Houston Astros play the Twins in Minnesota, the portion of their income attributed to those games is subject to Minnesota taxes. Same when a rock band plays a show here (at least that's the way it used to be). I remember when Al Franken was running for the US Senate and it was found out that a relative who did his taxes was unaware of that, Franken owed taxes in multiple states (but was due a refund in Minnesota because his income attributable to what he earned in Minnesota was overstated). At least that's what I recall and admittedly I could be wrong. Tax pros, help me out!

But what is even more hilarious is that if tax policy had much of anything to do with it, the Florida Marlins, the Houston Astros, and the Texas Rangers would have the best teams in baseball because those states don't have a state income tax and the Dodgers, Giants, and Padres would all suck. Tax policy may play some role for some guys at the margins, but when guys are making scads of money it probably doesn't make a lot of difference.
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It's a little more than just number of days and a high income individual will want to do more than just keep a calendar of days.
Gilthorp57 said:
I had to establish residency for a year back in the day, from Indiana went to school in Michigan. Had to pay out of state tuition my freshman year which was double for in-state. A few scholarships helped.
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Tax and tuition are different schemes. States obviously don't want to subsidize your tuition but are happy to have you as a citizen.
 

swede2 said:
Professional athletes pay tax based on where they play, if there is tax. So for instance, Ant plays one game per year in Cleveland, 1/82 of his salary will be taxable in Ohio and he'll get a credit for that tax paid in MN. He also plays 2 games a year in FL but since FL does not pay an income tax, that 2/82 will be paid to MN. I would suspect Revenue sharing will be similar to pro athlete pay.

NIL on the other hand is almost certainly going to be a local matter.

Playing in the Big 12, though, will mean playing games in a lot of low/no tax states so even rev sharing income is going to see a lot less of a tax hit than playing in the B1G. If the gross revenue is equal, TT will be a net gain.
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They are not being paid to play games.
The network is distributed all over the country


I would hire someone
 


Some guy said:
They are not being paid to play games.
The network is distributed all over the country


I would hire someone
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What network and what now?

What will state departments of revenue think revenue sharing is for? I know what the MNDOR would say. If I was a Nebraska player, I'd be glad if I didn't have to come to MN to play a game although most of the rest of the B1G is exactly tax friendly either, although Minnesota might have the most aggressive DOR.
 

swede2 said:
What network and what now?

What will state departments of revenue think revenue sharing is for? I know what the MNDOR would say. If I was a Nebraska player, I'd be glad if I didn't have to come to MN to play a game although most of the rest of the B1G is exactly tax friendly either, although Minnesota might have the most aggressive DOR.
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The revenue sharing is from shared media revenue

The media revenue is made from networks that are distributed in all 50 states
 

Ope3 said:
I think Perich could have helped Heatherman tonight run down the Ole Miss RB on their 1st TD.

Whomever was chasing looked to get within shoe string distance but gave up inside the 10 yd line.
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True, Koi’s expertise is missing the initial tackle and then running the ball carrier down.
 

Some guy said:
The revenue sharing is from shared media revenue

The media revenue is made from networks that are distributed in all 50 states
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Sure I get that but why is that revenue shared with the student?

I'm not saying I agree with it but I know MNDOR is very aggressive in trying to collect tax revenue and similarly run states (and the IRS) don't care what you call something. MNDOR didn't care if I call my partnership income capital gains or my installment sale a lease. The average student isn't getting "revenue sharing." Specific students are for doing a specific thing.

But this is way beyond the original point and that is if all things are equal, Koi is better off in a low tax state and establishing residency there.
 



swede2 said:
Sure I get that but why is that revenue shared with the student?

I'm not saying I agree with it but I know MNDOR is very aggressive in trying to collect tax revenue and similarly run states (and the IRS) don't care what you call something. MNDOR didn't care if I call my partnership income capital gains or my installment sale a lease. The average student isn't getting "revenue sharing." Specific students are for doing a specific thing.

But this is way beyond the original point and that is if all things are equal, Koi is better off in a low tax state and establishing residency there.
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My point is the revenue isn’t earned in Nebraska or minnesota

The revenue is earned in all 50 states


If the game is in Nebraska or Minnesota the add revenue that pays them is from
Michigan, Ohio, Florida, etc


Whereas in the nfl they’re being paid to play, and the game is in Green Bay. So the payment is Wisconsin.
 

Some guy said:
My point is the revenue isn’t earned in Nebraska or minnesota

The revenue is earned in all 50 states


If the game is in Nebraska or Minnesota the add revenue that pays them is from
Michigan, Ohio, Florida, etc


Whereas in the nfl they’re being paid to play, and the game is in Green Bay. So the payment is Wisconsin.
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Is there a tax authority that treats any income that way? In other words, any other stream of income taxes by all 50 states? No.

Where does the income that pays NFL players come from?

You're out of your depth here.
 

swede2 said:
Is there a tax authority that treats any income that way? In other words, any other stream of income taxes by all 50 states? No.

Where does the income that pays NFL players come from?

You're out of your depth here.
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Players don’t have W2 income in college football. They’ll be 1099

Players have W2 income in the nfl


It’s not apples to apples.


You’re correct I’m out of my depth.
But if it’s revenue share does the revenue share include when big ten shows games after the fact on various networks?
Does it include big ten media days?
Does it include big ten awards shows and contractually obligated media appearances?
Etc

A lot of moving parts.


Perhaps you can answer all these questions. I’m not really making claims. Just thinking out loud
 

swede2 said:
Is there a tax authority that treats any income that way? In other words, any other stream of income taxes by all 50 states? No.

Where does the income that pays NFL players come from?

You're out of your depth here.
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What exactly do you mean here?
 



Some guy said:
Players don’t have W2 income in college football. They’ll be 1099

Players have W2 income in the nfl


It’s not apples to apples.


You’re correct I’m out of my depth.
But if it’s revenue share does the revenue share include when big ten shows games after the fact on various networks? Etc

A lot of moving parts.
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I get 1099s for investment income, primarily from mutual funds. I don't pay income tax in any other state although the income derived from those investments occurs everywhere, and probably very little here.

I doubt tax authorities will care about replays for CFB games anymore than they care about replays on the NFL network.

In the end, I assume tax friendlier states won't attempt to tax college players. Most tax aggressive states might not either, but for revenue starved states like MN, it's low hanging fruit. And in the end, getting $500k in Texas will be worth more than $500k from MN or Oregon.
 

Some guy said:
Players don’t have W2 income in college football. They’ll be 1099

Players have W2 income in the nfl


It’s not apples to apples.


You’re correct I’m out of my depth.
But if it’s revenue share does the revenue share include when big ten shows games after the fact on various networks?
Does it include big ten media days?
Does it include big ten awards shows and contractually obligated media appearances?
Etc

A lot of moving parts.


Perhaps you can answer all these questions. I’m not really making claims. Just thinking out loud
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I'm curious and know nothing about taxes.

What do all of the employees of the college teams do for taxes when the team plays out of state?

For example, Iowa plays the Gophers in Minnesota. Is Kirk Ferentz paying a portion of his income to Minnesota? Is the athletic trainer paying a portion her income to Minnesota?

When the Gophers play in Iowa City does Iowa get a cut of PJ's check? Or Greg Harbaugh's check? Or Mark Coyle's check?

Do players fall under different rules? Is it specific codes for athletes only? Pro athletes definitely have some of this. Not sure on college millionaires.

I do see the states of Georgia and Alabama considered (not sure if passed) a state law that exempts NIL income from state income tax in Georgia and Alabama. Now, that is a statewide commitment to winning. Can anyone imagine Minnesota lawmakers voted for that? HAHAHAHA
 

swede2 said:
I get 1099s for investment income, primarily from mutual funds. I don't pay income tax in any other state although the income derived from those investments occurs everywhere, and probably very little here.
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No,
Your income was derived when you withdrew the assets from the mutual funds

The mutual fund growing didn’t make you income.
So suppose all that non game revenue would be at their residence
swede2 said:
I doubt tax authorities will care about replays for CFB games anymore than they care about replays on the NFL network.

In the end, I assume tax friendlier states won't attempt to tax college players. Most tax aggressive states might not either, but for revenue starved states like MN, it's low hanging fruit. And in the end, getting $500k in Texas will be worth more than $500k from MN or Oregon.
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tjgopher said:
I'm curious and know nothing about taxes.

What do all of the employees of the college teams do for taxes when the team plays out of state?

For example, Iowa plays the Gophers in Minnesota. Is Kirk Ferentz paying a portion of his income to Minnesota? Is the athletic trainer paying a portion her income to Minnesota?

When the Gophers play in Iowa City does Iowa get a cut of PJ's check? Or Greg Harbaugh's check? Or Mark Coyle's check?

Do players fall under different rules? Is it specific codes for athletes only?

I do see the state of Georgia passed a state law that exempts NIL income from state income tax in Georgia. Now, that is a statewide commitment to winning. Can anyone imagine Minnesota lawmakers voted for that? HAHAHAHA
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That's a great question. Google AI seems to think college coaches and staff are subject to the "jock tax" assuming they meet the threshold for taxable income. That probably isn't the case for low level staffers but certainly head coaches.
 

Some guy said:
No,
Your income was derived when you withdrew the assets from the mutual funds

The mutual fund growing didn’t make you income.
So suppose all that non game revenue would be at their residence
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No, I have dividend paying investments, receive 1099s (probably about to be delivered)and those earnings are taxes as ordinary income. I'm not talking about unrealized gains, which are not taxed, or the sale of assets, which would be realized gain and subject to capital gains, which are taxes differently. I do not receive 1099s for unrealized gains.
 




So here's a thought. Let's say an executive making $5mm per year spends 100 days a year flying out of state to various client and other meetings. Why isn't he taxed in the states in which he spends time? Kinda the same thing. Anybody know?
 



swede2 said:
Professional athletes pay tax based on where they play, if there is tax. So for instance, Ant plays one game per year in Cleveland, 1/82 of his salary will be taxable in Ohio and he'll get a credit for that tax paid in MN. He also plays 2 games a year in FL but since FL does not pay an income tax, that 2/82 will be paid to MN. I would suspect Revenue sharing will be similar to pro athlete pay.

NIL on the other hand is almost certainly going to be a local matter.

Playing in the Big 12, though, will mean playing games in a lot of low/no tax states so even rev sharing income is going to see a lot less of a tax hit than playing in the B1G. If the gross revenue is equal, TT will be a net gain.
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Can't he claim his NIL is for what he does besides playing football? Like, he did all of his commercials or appearances in the state of Texas, whereas the revenue sharing from the athletic dept is clearly being given to him for playing football, including in states other than Texas.
 

Some guy said:
My point is the revenue isn’t earned in Nebraska or minnesota

The revenue is earned in all 50 states
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But it's earned by the conference, not the player. Then the conference gives it to the schools, and the schools give it to players for playing football games in different states.

Like, it doesn't matter if the company I work for is getting it's revenue from sales in MN or sales in China. What matters is that I earn my share of that working here in MN and so I pay taxes to MN. Now if the company made money in China, they pay the taxes to China, not me.
 


GopherTheJugular said:
But it's earned by the conference, not the player. Then the conference gives it to the schools, and the schools give it to players for playing football games in different states.

Like, it doesn't matter if the company I work for is getting it's revenue from sales in MN or sales in China. What matters is that I earn my share of that working here in MN and so I pay taxes to MN. Now if the company made money in China, they pay the taxes to China, not me.
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They don’t work for anyone
 

Allshade said:
So here's a thought. Let's say an executive making $5mm per year spends 100 days a year flying out of state to various client and other meetings. Why isn't he taxed in the states in which he spends time? Kinda the same thing. Anybody know?
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Because enforcement at the state level would be nigh impossible, as opposed to professional athletes who have known schedules and publicly available salaries. Here's a primer on the Jock Tax. https://en.wikipedia.org/wiki/Jock_tax

It originated out of spite and states then had little choice but to follow suit in order to recapture lost tax revenue. At the moment, I believe college athletes are not impacted because their services rendered as athletes are not performed in the capacity of an employee -- meaning there is no taxable event. But I would not put it past a state legislature to create a new tax in a misguided effort to "level the playing field" or some such nonsense.
 

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