Page Ten THE MICHIGAN DAILY Wednesday, December 11, 1974', Page Ten THE MICHIGAN DAILY Wednesday, December 11, 1974 k. BARBER, BILLIARDS, and BOWLING open reg ular hours Buring studY and exams Michga n Union : SO YOU'RE LEAVING TOWN , Are ya gonna find 'em when you get there? PLAY CHOOSE FROM THE IFinest Record & Cassette Selection In the Country :.:.:... : RIGHT HERE! Settebello turtleneck sweater in over 2 dozen beautiful colors. By Gino Vaccaro of Italy, also in scoopneck, $20. t 'E Leather bags from Denmark. In natural cow- MUSIC SHOP hide, linen and leather, canvas and leather. From 18.50The Midwest's Most Comprehensive Record Shop y From$1850.417 E. LIBERTY 662-0675 Open Mon.-Sat. 10:00-5:30 90 Minute 8-Track K4/. k. ORT HOGO NAL ITY TMOEecngp 40MAYNARD STREET 0 662-2600 M M RXRcrigae IR a ri edutnsoru tansaergas OPEN SUNDAYS 12-5 ULRICU'S _erm m m m m 549. E. UNIVERSITY AVE. FROSH WILSON TAKES PLUNGE: Diver excels in cl By ED LANGE1 If an athlete's performance under pressure is the key to his success, then Wolverine fresh- man diver Curt Wilson has a brilliant future. Against Illinois, in only his second college meet, Wilson came up with clutch second- place performances on the one- and three-meter boards to squeeze Michigan past the Illi- ni, 63-60. "I DIDN'T really get seri- ous about diving until high school," claims Wilson, a na- tive of Rolling Hills, California. His mother, a former diver, en- couraged the entire family to dive, and he began formal les- sons at age eleven under Lyle Draves, who later became his high school coach. Wilson's outstanding career at Rolling Hills High School in- cluded a fourth place in the state meet during his freshman year, two consecutive first place finishes, and a slip to second in his senior year. HE ALSO played high school basketball for three years be- fore schedule conflicts ended his cage career. For the past two summers, i Curt dove in AAU competition, ishes behind teammate Don taking the 17-18 years age Craine to give the Wolverines bracket championship on the their victory margin. one- and three-meter boards "We needed that first and last summer. second," stressed swimming He had an off night against coach Gus Stager. "That's four- Purdue last Friday, which teen points for us right there." coach Dick Kimball blames on "Wilson competed well against inexperience. "We found out I Illinois when it counted," add- just how tough it is to dive in ed Kimball. "There was a lot the Big Ten, especially in the of pressure on him." away meets," Kimball said. "I NEED a lot of work on "The adjustment to a different my boardwork and more consis- board is really tough." tency," Wilson said in the aft-. THE ILLINOIS meet, how- ernoon of his clutch effort. Kim- ever, was a different story. ball states that "with a little Curt came through with two more strength, he could be as badly needed second-place fin- good as anybody," but stresses utch that Wilson needs to work on tougher optional dives. He's still in a battle for the third starting diving spot. Jim Black, nominally fourth behind Craine, Dick Quint and Wilson, has worked out impressively, and should keep pushing the others all year. Michigan's swimmers enter- tain tough Princeton this Satur- day at 3:00 in Matt Mann pool. The Tigers, coached by former Wolverine and Olympian Bill Farley, have enough talented people to give trouble to the Maize and Blue. ATLANTA UNDER FIRE PIP"c -1 man tax. probe What"? Sip Bacardi before you mix it? Sure. It's surprisingly dry, not sweet. Light- bodied, not heavy. Delightfully smooth. SAnd so good mixed, isgot to be good un-mixed, right? -1T WAT fry it. , BACARDIjrum .19)74 BACARDI IPORTS, INC.. MIAMI, FLA. RUM 80 PROOF X . l M 1i ATLANTA (A) - The feder- al government is attacking an1 important tax shelter used byl professional sports' owners in a suit which could have far- reaching consequences, espe- cially for football and basket- ball. At the heart of the suit is as practice which has become in- creasingly common during the last decade in major team sports. When someone buys a team he will allocate most of the purchase price to player contracts and then write off that amount in tax deductions over several years. This practice is similar to a businessman taking tax deduc-: tions for the depreciation on a piece of tangible equipment. (In this case the practice is called amortization, which means tak- ing tax credits for an intangible asset such as a contract for a player's services.) The value of the practice to a team owner is amply illustrat- ed by the case of the Atlanta Falcons, the team involved in the suit. Falcon owners paid $8.5 mil- lion when the joined the Na- tional Football League as an expansion franchise in 1966. In filing their tax returns, they said $50,000 was the league's entry fee, $7.7 million repre- sented the cost of 42 players chosen from existing teams and the rest was interest payments. It was to their advantage to allocate most of the price to player contracts because they could be written off on tax re- turns. The price of membership in the league could not be de- ducted because it is for an in- definite time and does not lose value as a player does. During each of their first two seasons, the Falcons took in several hundred thousand dollars more than they paid out, meaning they would be The Top 20 . au u 1. N.( 2. UC 3. In 4. Lo 5. MIa 6. So' 7. Ma 8. N. 9. Ka 10. Ala 11. No' 12. Pe 13. S. 14. Me 15. Pu 16. MI 17. Ar 18. Or (ti 19. Ok 20. Pr By The Associated Press C. State (39) 4-0 LA (3) 4-0 diana (4) 3-0 uisville (3) 2-0 ryland 3-n uthern Cal 3-0 arquette 2-0 Carolina 3-0 nsas 3-1 abamna 2-0 tre Dame 3-0 nn 3-0 Carolina 1-1 emphis St. 2-0 rdue 2-1 CHIGAN 2-0 izona 3-0 egon 3-0 e) DAILY LIBELS 2-0 lahoma 2-1 ovidence 2-0 936 862 734' 598 543 435 361 356 319 271 232 192 156 78 67 '64 47 27 26, expected to pay taxes on their profits. But after subtracting nearly $1.5 million each year for amortization of players, the owners reported losses of $506,329 the first year and $581,047 the second, and thus did not pay taxes. It is these kinds of tax deduc- tions which have made profes- sional sports attractive to men with other business interests. Benjamin A. Okner, an econ- omist with the Brookings In- stitution who has studied pro- fessional sports, said a victory for the government could have substantial impact. "It obviously would change the prospective rate of return of sports teams and I think it would have a large downward influence on the value of exis- ing teams," he said. By eliminating a tax shelter which makes some teams good investments even when they lose money, Okner said it woild limit future expansion to franchises which genuinely can product reasonable pro- fits. If it were to happen that only those franchises which could turn a profit could exist, there coluld be major changes in pro sports - ones which likely would mean less teams. U.S. District Court Judge Frank Hooper heard testimony in the case in October. He is not expected to rule before Jan- uary and, in the likely event of appeals, a final decision may be years away. Read and Use Daily Classifieds now in stock SR50 FULL SCIENTIFIC CALCULATOR $134.95 UNIVERSITY CELLAR 769-7940 CATCH UPON YOUR SOCIOLOGY \ Y -LAI There's something about an Amtrak train ride that brings people closer and makes everybody a little more sociable. Maybe it's because for a couple of hours you can forget the hassles N "~- of the world outside and just relax ~ in a good, comfortable coach seat. Maybe it's the close-tip view of the t! /scenery you get from Amtrak's picture windows. You'll be surprised p /how different everything looks when / k you don't have to watch out for other cars. Or maybe it's the fact you can get up whenever you feel like it, and grab a little something to eat or drink at the snack bar or a lot to eat- at low prices in a dining car.- And speaking of low prices, Amtrak fares are still very reasonable by today's inflation- ridden standards. Not as cheap as hitchhiking perhaps, but a lot less than flying. And when = l.you buy a long-distance ticket, you can get THE HEBREW UNIVERSITY OF JERUSALEM 1975/76 PROGRAMS FOR AMERICAN STUDENTS " ONE YEAR PROGRAM-for college sophomores and juniors. FRESHMAN YEAR-of 4-year program to B.A., B.Sc. degrees. " REGULAR STUDIES-for college transfer students toward B.A. and B.Sc. degrees. " GRADUATE STUDIES-Master's and Doctoral programs. a SUMMER COURSES-given in English. -' For Application and Information. wrire: Office of Academic"Affairs, American Friends of The Hebrew University, East 69 Sr., New York, N. Y. 10021 (212) 9888400 Name tAddress PROF. HERBERT H. PAPER 1088 Frieze Bldg. I - --- t IOb i 1C f}?" : >, _4 i. C ;J i: ti;: } :, 'tit 4't . :;it: / e S Last winter Wes Wolverine got stuck out in the cold. This winter Wes moved into UTA and is only 2 blocks to campus. 4 month winter term single liability leases I i 11 I