The Mike Scully Show Blog

Fort Myers, FL - Baycrest Consultants  Mike Scully, Managing Director and former Illini & NFL Lineman provides a sample of how they're helping Athletic Departments around the country.   As we kick off the College Football season, we are working with University Presidents, Chancellors and Athletic Directors to change their respective school’s Athletic Departments financial trajectory. Tired of handing over 21% excise tax on your top executives’ pay? This quick whiteboard hack shows how a nonprofit health system can turn a $1 million/year tax bill into a $30 million asset in five years: Endless Money Loop • Current cost: 21% tax on $5 million annual salary = $1 million/year • New approach: Pay $1 million salary (eliminate excise tax) save $840,000 per year in excise tax Defer the remaining $4 million/year as a “Max Cap” loan into a life‐insurance policy Employee can take up to 60% of loan out tax free after 90 days •  5-year commitment: University will recoup ...

  Fort Myers, FL  Mike Scully - Managing Director - Baycrest Consultants Struggling with skyrocketing coach salaries and tight athletic budgets? Check out Baycrest Consultants’ “Max Cap” program—a whiteboard explainer that shows how to turn coach compensation into a long-term asset! How it works: • Coaches defer part of salary/bonus as a loan into a life insurance policy held by your department • That money grows tax-deferred, and coaches can access cash value tax-free after 90 days • Dept recovers 100% of its investment after 15 years (or upon the coach’s passing) • Cuts or eliminates the 21% excise tax on high coach pay • Win-win: coaches boost take-home pay & retirement savings, while your department builds a solid financial asset, improves net income, and enhances coach recruitment/retention hashtag # CollegeAthletics hashtag # SportsFinance hashtag # CoachRetention hashtag # AssetBuilding https://youtu.be/beiCYPxEfc0

Fort Myers, FL  Mike Scully, Baycrest Consultants - Managing Director  Mike breaks down his follow-up call with Power 4 Athletic Director and their Football Coaches Contract.  Our Endless Money Loop will save them $840K in annual excise tax.  Our AD was over the moon....info@baycrestconsultants.com for a free consultation. 

August 25th - Fort Myers, FL  The Mike Scully Show is on hiatus as our host (Mike Scully) is battling Stage 4 Metastatic Melanoma.  Mike was stricken with a brain bleed on July 8th, where Dr.'s found a mass which turned out to be cancerous.  Scully had the tumor removed successfully  on July 11th.  The former NFL and University of Illinois lineman is battling back after the surgery.  The brain bleed led to a complete loss of the left side of his body. Scully has treatments ahead to eradicate the cancer as well as an intense physical therapy to regain the use of the left side of his body.  We will keep you posted on Mike's recovery and return to the show he loves!    

Fort Myers, FL  Mike Scully - Managing Director breaks down call with Power 4 AD and the arms race of intercollegiate athletics. Building partnerships for the future for Coaches & the Universities.  @fbs_ads   @nacda   @weareafca

  To all our hardworking GM's, CFO's and COO's out there, unlock both you and your Club's potential with Baycrest Consultants! At Baycrest Consultants, we specialize in empowering not-for-profit organizations like yours to turn operational expenses into valuable assets! Tailored Strategies: Our team of experts develops customized solutions that fit your unique needs, ensuring your club thrives today and tomorrow. Maximize Income: Our Endless Money Loop uses our proprietary MaxCap System, to help you leverage IRS tax codes to make your money work harder for you and your staff. Attract & Retain Top Talent:  We assist in recruiting and retaining the best executives, turning salary expenses into long-term investments for your club’s success. Sustainability & Growth: Let us guide you through the complexities of income management, enhancing your fiscal responsibility while positively impacting your members and employees. Building for the Future: Instead of the sal...