LSU

January 14th, 2020 | by CollegeAD
LSU
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LSU ends its perfect season with a national championship trophy and a $4 million payout after beating Clemson 42-25. That money helps cover the cost of the extra postseason games LSU played—and it’s 100% tax free thanks to some macaroni. Despite the amateur status of college sports, the NCAA held over $600 million in assets in 2018 according to its most recent financial statement. Revenue from merchandise, and licensing of television rights to games all goes untaxed in large part due to a 70-year-old lawsuit involving a pasta company controlled by New York University, which sparked federal action related to nonprofits. -Sam McQuillan, Bloomberg Tax. Read More.

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