Mike Scully - Fort Myers, FL - Managing Director Baycrest Consultants

 

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

CollegeAthletics SportsFinance CoachRetention AssetBuilding

https://youtu.be/beiCYPxEfc0

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