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Mac Yak Episode 16
Posted by Mac D on May 10, 2011 at 3:54 AM

The NBA playoffs are well into the second round and the Lakers were swept. The Grizzlies and Hawks have surprised many while the Heat are getting contributions from their Big 3. The Pac-12 signed the biggest T.V. contract ever with Fox and ESPN while Boise State was cited for Lack of Institutional Control and Ohio State may be having that accused against them too. EA Sports had a lawsuit dropped against them and CBS and commentator Gus Johnson have parted ways for the time being. Plaxico Burress will be relased from jail next month and is a free agent. Tiger Woods dropped in the Golf Rankings while a former number one and 5 time major winner passed away. In the members segment we look at LastSonOfKrypton's bloyg dealing with Manny Pacquio and Floyld Mayweather refusing to fight him.

Tags: Nba guss johnson seve ballesteros nba playoffs lakers boise state ohio state ea sports plaxico burress

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Reply Mac D
3:11 PM on May 10, 2011 
The NCAA qualifies for the non-profit exemption because it claims to be "organized and operated exclusively for educational purposes."

And there have been many investigations into whether the NCAA, conferences, and school athletic departments have misused their tax exempt status as non-profit entities

From the NCAA website "The NCAA is a nonprofit, higher education association that is exempted from federal income tax by section 501(c)(3) of the federal tax code."
Reply the immortal scurds
9:25 AM on May 10, 2011 
burress will be rehabilitated by the prison chaplan and will be a new man. please define "non-profit".

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