5/7/11 More trouble for OSU

College Sports 722 replies 29,461 views
LJ's avatar
LJ
Posts: 16,351
May 11, 2011 8:34am
Manhattan Buckeye;764784 wrote:What's the state issue? Is there a car (personal property) tax in Ohio, or is it a sales tax thing?

Sales tax. It's considered fraud. Ohio does audits all the time and people have to pay fees, penalties and the difference.
W
WebFire
Posts: 14,779
May 11, 2011 8:40am
lhslep134;764779 wrote:
Lack of institutional control deals with the athletic department as a whole, not an individual sports. It's hilarious that people don't understand this. USC got hit with institutional control because of violations in football AND basketball.
This is true, but you can get hit with Lack of institutional control from the actions of just one sport/team.
OneBuckeye's avatar
OneBuckeye
Posts: 5,888
May 11, 2011 9:42am
http://www.steelersdepot.com/2010/06/thaddeus-gibson-doug-worthington-contract-numbers/

Ok so Thad made 300k last year and got a 300k signing bonus and he is still making payments on the car? WTF?
LJ's avatar
LJ
Posts: 16,351
May 11, 2011 9:44am
OneBuckeye;764851 wrote:http://www.steelersdepot.com/2010/06/thaddeus-gibson-doug-worthington-contract-numbers/

Ok so Thad made 300k last year and got a 300k signing bonus and he is still making payments on the car? WTF?

Like I said, most likely going to end up being a fraud issue.
Commander of Awesome's avatar
Commander of Awesome
Posts: 23,151
May 11, 2011 10:01am
Looking forward to Crynasty repeating something "interesting" he heard on the radio today about this. /sarcasm.
V
vball10set
Posts: 24,795
May 11, 2011 10:58am
damn, with all the experts on here that "knows somebody who.." or has "a good friend that is close to the situation...", why doesn't the NCAA save itself millions of dollars and just let Ohio Chatter handle the investigation? :rolleyes:
FatHobbit's avatar
FatHobbit
Posts: 8,651
May 11, 2011 11:27am
vball10set;764908 wrote:damn, with all the experts on here that "knows somebody who.." or has "a good friend that is close to the situation...", why doesn't the NCAA save itself millions of dollars and just let Ohio Chatter handle the investigation? :rolleyes:

Only the haters. :)
Writerbuckeye's avatar
Writerbuckeye
Posts: 4,745
May 11, 2011 11:28am

And yet somehow the Dispatch reporter missed this "minor" nugget when putting the story together.

Someone should be unemployed.
OneBuckeye's avatar
OneBuckeye
Posts: 5,888
May 11, 2011 11:47am
Writerbuckeye;764944 wrote:And yet somehow the Dispatch reporter missed this "minor" nugget when putting the story together.

Someone should be unemployed.

Agreed. But the dispatch is probably run by notre dame alum so they will just blame it on a bad report.
thedynasty1998's avatar
thedynasty1998
Posts: 6,844
May 11, 2011 11:52am
Writerbuckeye;764944 wrote:And yet somehow the Dispatch reporter missed this "minor" nugget when putting the story together.

Someone should be unemployed.

No kidding. Someone may seriously lose their job for missing this. Talk about a major detail.
W
WebFire
Posts: 14,779
May 11, 2011 12:00pm

FYI, that is waaaaaaaaaaaaaaaaaaay under the book price. It's like 24k NOW. New it was over $30k. Not saying it matters. Just an FYI.
ts1227's avatar
ts1227
Posts: 12,319
May 11, 2011 12:02pm
ESPN also has the story of the car being paid for on their page now
LJ's avatar
LJ
Posts: 16,351
May 11, 2011 12:04pm
WebFire;764968 wrote:FYI, that is waaaaaaaaaaaaaaaaaaay under the book price. It's like 24k NOW. New it was over $30k. Not saying it matters. Just an FYI.

There is nothing that says that is what he paid, all they have is a title with that # on it..... tax fraud.

I dunno why none of the news outlets won't report that.... oh yeah, makes it less of a story
sleeper's avatar
sleeper
Posts: 27,879
May 11, 2011 12:05pm
OneBuckeye;764957 wrote:Agreed. But the dispatch is probably run by notre dame alum so they will just take full responsibility for the bad report.

Fixed.
sleeper's avatar
sleeper
Posts: 27,879
May 11, 2011 12:06pm
WebFire;764968 wrote:FYI, that is waaaaaaaaaaaaaaaaaaay under the book price. It's like 24k NOW. New it was over $30k. Not saying it matters. Just an FYI.

The car had been in an accident, significantly driving the price down because not many people want to try a car with that kind of history.

Keep hating, we'll keep winning.
OneBuckeye's avatar
OneBuckeye
Posts: 5,888
May 11, 2011 12:06pm
WebFire;764968 wrote:FYI, that is waaaaaaaaaaaaaaaaaaay under the book price. It's like 24k NOW. New it was over $30k. Not saying it matters. Just an FYI.

It wasn't new it was a year old. He bought a 2007 model in 2007 with 13k on it. I bought a 2007 sebring in 2007 with 7k on it for about 12k. Now they aren't the same car but not that far off.
jordo212000's avatar
jordo212000
Posts: 10,664
May 11, 2011 12:08pm
It still makes me laugh that Thad Gibson claims he is still making payments. Not saying it isnt true, but it is definitely laughable. Dude, you made a ton of money last year! Pay off your car loan
V
vball10set
Posts: 24,795
May 11, 2011 12:09pm
WebFire;764968 wrote:FYI, that is waaaaaaaaaaaaaaaaaaay under the book price. It's like 24k NOW. New it was over $30k. Not saying it matters. Just an FYI.

LOL--you're funny...FYI
karen lotz's avatar
karen lotz
Posts: 22,284
May 11, 2011 12:14pm
OneBuckeye;764979 wrote:It wasn't new it was a year old. He bought a 2007 model in 2007 with 13k on it. I bought a 2007 sebring in 2007 with 7k on it for about 12k. Now they aren't the same car but not that far off.


I think you are misunderstanding what WebFire was saying. Right now, a 2007 Chrysler 300 with 13000 miles has a resale value of $24000.
thedynasty1998's avatar
thedynasty1998
Posts: 6,844
May 11, 2011 12:18pm
Maybe the car salesman was getting great rates from banks. Not crazy to think he would still be paying on it, if he had like a 3-4% rate. Not saying I buy this theory, but it would be one explanation.

Although I doubt Huntington was offering those rates on used cars, unless there were significant kickbacks.
OneBuckeye's avatar
OneBuckeye
Posts: 5,888
May 11, 2011 12:20pm
karen lotz;764988 wrote:I think you are misunderstanding what WebFire was saying. Right now, a 2007 Chrysler 300 with 13000 miles has a resale value of $24000.

kbb right now is 18,600 on excellent rated car at Suggested retail price. Private party is 16,650. The thing we don't know is if he traded something in for it...
karen lotz's avatar
karen lotz
Posts: 22,284
May 11, 2011 12:22pm
OneBuckeye;764995 wrote:kbb right now is 18,600 on excellent rated car at Suggested retail price. Private party is 16,650. The thing we don't know is if he traded something in for it...

http://www.kbb.com/used-cars/chrysler/300/2007/retail-value/pricing-report?id=347151&condition=excellent&mileage=13000
karen lotz's avatar
karen lotz
Posts: 22,284
May 11, 2011 12:28pm

That link takes me to kbb's homepage. Only thing I did was select "300C" as the model because I thought I remembered seeing that's what the car was. If its not right, my bad.