Steve Kyler: Some in the agent world have expressed surprise in how much ASM documented – but honestly they ran all this like a business. These payouts were called loans on the books and likely written off as losses when they didn’t pan out.
Ira Winderman: Reading Yahoo’s wonderful coverage of the NCAA play-for-pay basketball payouts have to wonder about the IRS implications. Unlikely any of that money/income trail showed up on tax statements. Seems like there will have to be a lot of explaining to do on that end should IRS enter.