Tim Tebow's Hyperbaric Chamber

• Quint

  

  I just saw this on TMZ, and I couldn't help but become curious after I read one line:
  
  
  "The device -- which is said to "greatly accelerate the recovery process" -- was purchased by Tim in 2008 for just under $20,000 ... this according to Rick Rooney, owner of Pikes Peak Hyperbaric."
  
  http://www.tmz.com/2010/08/12/tim-tebow-hyperbaric-chamber-denver-broncos-nfl-oxygen-training-camp/
  
  
  I don't know what kind of money the Tebow family has (for all I know they are rolling in cash), but I am a little suspicious as to how a junior in college can shell out 20 G's for this device. I was under the impression that he did all missionary work during the summer. With no summer job, his family had to of paid for it. . . or maybe an outside source?
• ts1227

  

  I would assume that it wasn't too terribly difficult to get a loan if you're a guy that is going to the NFL in a couple of years (even if he doesn't pan out, he was going to get that first contract).
  
  Plus, had he got hurt I believe he had an insurance policy to pay out for that too.
• krambman

  

  Anthony Gonzales had a similar device while he was at OSU too, although his was a tent. My guess is that it was financed and that his family was likely paying for it.
• Quint

  

  I don't see how getting a loan based on his future performance isn't a violation of his amateur status.
  
  I know its all speculation on our part, but I don't see how this is could be affordable for a college student. . . in a way that complies with NCAA rules.
• Fab1b

  

  Tebow's family is not hurting for cash this I know.
• sportchampps

  yeah and gonzos dad owns a pretty successful company
• lhslep134

  

  Quint;449286 wrote:I don't see how getting a loan based on his future performance isn't a violation of his amateur status.
  
  I know its all speculation on our part, but I don't see how this is could be affordable for a college student. . . in a way that complies with NCAA rules.

  
  What about all of the $20,000 cars some OSU football players drive? They pay for the monthly payments because of the stipend they got. How do you know Tim didn't pay for this in installments, using the stipend money he received?
  
  And what is so wrong with taking out a loan based on future performance. Isn't that what venture capitalism entails? Using money for speculative purposes in the hopes of a financial windfall, except in this case it's using future speculation as the basis of a loan, and if he were to get injured it would have been paid for by insurance, and if he didn't make money to pay it back, I'm sure his parents had to sign off as co-signers for the loan.
• Quint

  

  Fab1b;449290 wrote:Tebow's family is not hurting for cash this I know.

  This would be a good explanation.
  
  

  lhslep134;449305 wrote:What about all of the $20,000 cars some OSU football players drive? They pay for the monthly payments because of the stipend they got. How do you know Tim didn't pay for this in installments, using the stipend money he received?
  
  And what is so wrong with taking out a loan based on future performance. Isn't that what venture capitalism entails? Using money for speculative purposes in the hopes of a financial windfall, except in this case it's using future speculation as the basis of a loan, and if he were to get injured it would have been paid for by insurance, and if he didn't make money to pay it back, I'm sure his parents had to sign off as co-signers for the loan.

  
  Like I said, it is all speculation, and I have no idea how Tebow paid his installments (for all we know he paid in bags of cocaine); I am just curious. I also don't think there is anything wrong with handing out loans based on future performance. After all. . . isn't that the main principle of giving out student loans? I also can't comment on the OSU Football players and their cars, because I'm not familiar with it.
  
  My issue is with the fact that a football player from Kent State probably can't get a loan from a bank/Hyperbaric Chamber Dealer for a $20,000 piece of equipment. However, Tim Tebow was able to. This appears to be profiting from one's own status as a collegiate athlete, and this is prohibited by the NCAA.
  
  Of course. . . if his family paid for it, or he paid installments using his stipends/own money, I have no problem with it. The problem arises from the benefits he may have allegedly received against NCAA regulations. . . But again, it is all speculation on my part.
• lhslep134

  

  Quint;449448 wrote:
  
  My issue is with the fact that a football player from Kent State probably can't get a loan from a bank/Hyperbaric Chamber Dealer for a $20,000 piece of equipment. However, Tim Tebow was able to. This appears to be profiting from one's own status as a collegiate athlete, and this is prohibited by the NCAA.

  
  No, he would be benefiting from his perceived future returns (and thus a low risk loan) in taking out a loan which he would have to pay back, which last time I checked there's not a rule against.
  
  And your Kent State example? I don't think a loaner would perceive that players future returns to be anything anywhere close to Tebow, thus making the loan high risk and therefore unattractive to the banker.
  
  It's simple finance.
  
  Still confused?
• j_crazy

  

  I've heard his family is very wealthy. I'm not at all suspicious of this, just as i wasn't suspicious of Gonzo's.
• FairwoodKing

  Have you seen Tebow's new haircut? The guy is a real jerk.
• Trueblue23

  

  I remember watching the big documentary on Tebow before he signed with Florida.
  
  No idea what his parents do, but judging from their home and belongings, they are fairly well off as far as money goes.
• Quint

  

  lhslep134;449452 wrote:No, he would be benefiting from his perceived future returns (and thus a low risk loan) in taking out a loan which he would have to pay back, which last time I checked there's not a rule against.
  
  And your Kent State example? I don't think a loaner would perceive that players future returns to be anything anywhere close to Tebow, thus making the loan high risk and therefore unattractive to the banker.
  
  It's simple finance.
  
  Still confused?

  
  I don't think we are on the same page. I understand the economics behind the loan.
  
  "NCAA rules forbid a student-athlete's family from receiving loans based on the athlete's 'reputation or skill or pay-back potential as a professional athlete.'"
  
  http://articles.latimes.com/2009/jul/16/sports/sp-renardo-sidney16
• THE4RINGZ

  

  Aren't others substances banned because they also aid in speeding up the recovery process?
• Speedofsand

  

  http://www.btea.org/
• lhslep134

  

  Quint;449499 wrote:I don't think we are on the same page. I understand the economics behind the loan.
  
  "NCAA rules forbid a student-athlete's family from receiving loans based on the athlete's 'reputation or skill or pay-back potential as a professional athlete.'"
  
  http://articles.latimes.com/2009/jul/16/sports/sp-renardo-sidney16

  
  Ignorance on my behalf sir, you are correct.
  
  In any case, his family has money, so I don't even know if he needed a loan.
• Quint

  

  lhslep134;449537 wrote:Ignorance on my behalf sir, you are correct.
  
  In any case, his family has money, so I don't even know if he needed a loan.

  
  No problem!
  
  I think the link posted by speedofsand poses some interesting ethical questions, though. I'm now assuming his family paid for it. I'm also assuming Bob Tebow is Tim's father, and he is an evangelical preacher. I'm all for the work they are doing in the Philippines, and I'm sure it is good work. However, does this mean the Hyperbaric Chamber was paid for with donations? I'm not saying it was illegal. . . just an interesting ethical situation.
  
  NOTE: I've never been a fan of Evangelical Preachers. Although, I know a few bad apples can ruin the bunch, I think they are sleazy for the most part.
• enigmaax

  Indianapolis, Indiana, May 3, 2001 -- The NCAA board of directors recently voted to allow student athletes to receive money for giving private lessons and also to take out a one time $20,000 bank loan based on future earnings.
  
  According to a report in the Associated Press, to qualify for the loan, a student would have to be considered a likely first round pick in men's basketball, women's basketball or baseball, and at least a third round pick in football or hockey.
  
  http://www.sportslawnews.com/archive/Articles%202001/NCAAloans.htm
• Quint

  

  enigmaax;449566 wrote:Indianapolis, Indiana, May 3, 2001 -- The NCAA board of directors recently voted to allow student athletes to receive money for giving private lessons and also to take out a one time $20,000 bank loan based on future earnings.
  
  According to a report in the Associated Press, to qualify for the loan, a student would have to be considered a likely first round pick in men's basketball, women's basketball or baseball, and at least a third round pick in football or hockey.
  
  http://www.sportslawnews.com/archive/Articles%202001/NCAAloans.htm

  
  Nice info! I guess I was the ignorant one afterall! LOL
• Speedofsand

  

  Quint, give it up. Tim is the youngest of 5 kids, all have graduated college. His family's work has had success since long before he was a football star.
  
  Click "about us" in the link, you can learn all about them.
• Quint

  

  Speedofsand;449574 wrote:Quint, give it up. Tim is the youngest of 5 kids, all have graduated college. His family's work has had success since long before he was a football star.
  
  Click "about us" in the link, you can learn all about them.

  
  I'm not trying to piss off Florida fans. I was just curious. It was an honest question brought up by information I read. I happily concede that it appears nothing fishy is going on with Tim Tebow and his Hyperbaric Chamber. Thanks to all for the information.
• Speedofsand

  

  update, Tim never even bought it
  
  http://www.tmz.com/2010/08/12/tim-tebows-rep-chamber-pic-was-photoshopped/
  
  Tebow's rep tells us that the owner of Pikes Peak Hyperbaric "couldn't have been further from the truth" when he told TMZ that Tebow purchased the chamber in 2008 for roughly $20,000.
  
  Tebow's rep explained that roughly 6 weeks ago, Tim signed a "rental agreement with the manufacturer."
  
  The rep tells us Tim had the machine in his possession in Florida ... but had it shipped to Colorado in an effort to help the Denver Broncos rookie "acclimate to the high altitude in Denver."
  
  The rep says someone from Pikes Peak Hyperbaric helped set up the chamber in Tebow's hotel room "3 or 4 nights ago" and then asked for a photo ... not knowing that someone would later "photoshop" PPH's website onto the machine.
  
  TMZ spoke with a rep from PPH -- who admitted photoshopping his logo over the original manufacturer's logo and told us, "It wasn't a well thought out process."
  
  As for the 2008 statement -- the PPH tells us it was "misinformation" on its part.
• lhslep134

  

  Speedofsand;450067 wrote:update, Tim never even bought it
  
  http://www.tmz.com/2010/08/12/tim-tebows-rep-chamber-pic-was-photoshopped/
  
  Tebow's rep tells us that the owner of Pikes Peak Hyperbaric "couldn't have been further from the truth" when he told TMZ that Tebow purchased the chamber in 2008 for roughly $20,000.
  
  Tebow's rep explained that roughly 6 weeks ago, Tim signed a "rental agreement with the manufacturer."
  
  The rep tells us Tim had the machine in his possession in Florida ... but had it shipped to Colorado in an effort to help the Denver Broncos rookie "acclimate to the high altitude in Denver."
  
  The rep says someone from Pikes Peak Hyperbaric helped set up the chamber in Tebow's hotel room "3 or 4 nights ago" and then asked for a photo ... not knowing that someone would later "photoshop" PPH's website onto the machine.
  
  TMZ spoke with a rep from PPH -- who admitted photoshopping his logo over the original manufacturer's logo and told us, "It wasn't a well thought out process."
  
  As for the 2008 statement -- the PPH tells us it was "misinformation" on its part.

  
  
  HA! Misinformation? Try telling the truth and just say you were lying lol.