The key is how you define income. If it is just money going into his pocket, then this is income. If it is income in the taxable, IRS, sense, then it might not be income, since he is claiming that he used all the money to pay his web site "business." If his web site didn't make a profit, then there would be nothing to report as "income," if the contractual definition of income is the same as the IRS definition.Talk in Texas is that this may be a way for the Aggies to fire Fran without the huge buyout. Here is a scan of his contract:
http://images.usatoday.com/sports/graphics...texas_am_fb.pdf
Read Section 10 on page 12. Apparently Fran did not report this income to the university.
It will be interesting to see what happens here.
Ha ha. Coach Fran got busted by $Bill. :lol:Texas A&M Coach Stops Selling Newsletter With Inside Information
Saturday, September 29, 2007; Page E02
The Texas A&M athletic director said he didn't know until two weeks ago that Coach Dennis Franchione was providing inside information on the Aggies in a newsletter to boosters who paid $1,200 per year.
"When I saw a copy of an e-mail, I called Coach Fran and recommended this program be discontinued," AD Bill Byrne said in a statement released yesterday. "I understand he stopped at that time."
Washington Post article
Ha ha. Coach Fran got busted by $Bill. :lol:Texas A&M Coach Stops Selling Newsletter With Inside Information
Saturday, September 29, 2007; Page E02
The Texas A&M athletic director said he didn't know until two weeks ago that Coach Dennis Franchione was providing inside information on the Aggies in a newsletter to boosters who paid $1,200 per year.
"When I saw a copy of an e-mail, I called Coach Fran and recommended this program be discontinued," AD Bill Byrne said in a statement released yesterday. "I understand he stopped at that time."
Washington Post article
I think the key is going to be whether or not there's an NCAA infractions. I heard A&M can fire Fran without having to honor the buy-out clause IF he commits any NCAA infractions.The key is how you define income. If it is just money going into his pocket, then this is income. If it is income in the taxable, IRS, sense, then it might not be income, since he is claiming that he used all the money to pay his web site "business." If his web site didn't make a profit, then there would be nothing to report as "income," if the contractual definition of income is the same as the IRS definition.Talk in Texas is that this may be a way for the Aggies to fire Fran without the huge buyout. Here is a scan of his contract:
http://images.usatoday.com/sports/graphics...texas_am_fb.pdf
Read Section 10 on page 12. Apparently Fran did not report this income to the university.
It will be interesting to see what happens here.
Yeah the guy is in serious trouble now!!!! <_<forget NCAA rules. He may have broken the law. It is against the law to disclose other people's medical conditions without their approval. And as the players showed shock, they didnt know. Bye bye Fran.
The HIPAA regulations apply only to certain "covered" entities such as health care providers. However, the equivalent state laws in Texas are stricter than the federal HIPAA (sometimes called "super-HIPAA") so it's possible you may be right. Maybe the university is a covered entity and the coach would then be in trouble as a representative of the school.forget NCAA rules. He may have broken the law. It is against the law to disclose other people's medical conditions without their approval. And as the players showed shock, they didnt know. Bye bye Fran.