Blog - Mike Scully former Director of Golf at Streamsong Resort moves to the Podcast World! November 22, 2024 - Fort Myers, FL Mike Scully former Illinois Football and professional football player and his podcast boy's welcome the Hebrew Hammer Eliot Sokalsky into to fill in for Yoda!
Atlanta, GA Mike Scully - Managing Director at Baycrest Consultants shares their plan to help Universities dealing with their Coach's Buyouts! Coach Buyout Scenario in the Endless Money Loop for Power 4 Coach Here’s an illustrative outline of how a Power 4 school could deploy on a coaches $40.5 million buyout through the “Endless Money Loop” instead of an immediate cash‐out expense. 1. Structure the Buyout as a Loan in the Endless Money Loop • Rather than writing a $40.5 million check within 60 days, the university and coach agree in writing to treat the entire buyout into the Endless Money Loop as a “loan” from university to the coach. • This deferral converts what would be a P&L expense into a balance-sheet receivable asset . 2. Purchase a Split-Dollar Life Insurance Policy • University immediately contributes the $40.5 million loan proceeds as premiums into a corporate‐owned, participating whole‐...
Atlanta, GA Mike Scully - Managing Director at Baycrest Consultants shares some insightful information for Healthcare Systems . Struggling with rising physician and executive compensation costs? Our EML's deferred compensation-loan strategy turns a portion of pay into a balance-sheet asset - while delivering immediate tax and cash-flow benefits for uour team. Defer part of salary/bonus as a loan, invested into an employee-owned life policy . Employee avoids current income tax & can tap tax-free cash value after 90 days Employer recoups 100% of invested funds after 15 years (or upon employee's passing) Boosts take-home pay, may lower student-loan payments, and enhances retirement savings Converts payroll expense into a long-term asset . cuts excise taxes, and strengthens recruitment & retention Discover how the Endless Money Loop creates a true win-win in healthcare finance. #EndlessMoneyLoop #HealthcareFinance #Executive...
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