I would hope that our NIL program comes with financial education (and/or withholding and paid tax prep)i wonder how many of these kids are going to end up in a world of hurt come tax time
I would hope that our NIL program comes with financial education (and/or withholding and paid tax prep)i wonder how many of these kids are going to end up in a world of hurt come tax time
If the money is coming from a collective and they aren’t getting the money by being “employed†is it taxable? I haven’t heard. Obviously if the money is for what NIL was supposed to be, there would be income tax on it.i wonder how many of these kids are going to end up in a world of hurt come tax time
This money is taxable. It is direct incomeIf the money is coming from a collective and they aren’t getting the money by being “employed†is it taxable? I haven’t heard. Obviously if the money is for what NIL was supposed to be, there would be income tax on it.
Of course that's possible, but you missed the point - NIL is about a player's name, image, or likeness. Of course, one can skirt the spirit of the rules and make it available, but the ruling isn't saying it's legal to pay players, it's that they cannot be prohibited to monetize their NIL.Sorry, it is possible. You can go out to the sponsors section of any School's NIL website and designate where and who your money goes to. You can list every athlete on campus and just get them to make an appearance, sigh autographs, do a group camp or offer free training sessions. As long as the "sponser" has a legitimate business that can visibly promote the athlete they are paying and promote what they are doing for your business, you could give whatever you want to whomever you want.
Lets say I wanted to give every athlete 10k and set up a meet the Bama athletes day in the quad. Get pics and autographs with your favorite athlete. All the athletes will also be doing shout outs on the radio, which will be turned into a pod cast at a later date. All of the athletes will be wearing my companies' buttons on their uniform tops. Each athlete will also give you a promotional flyer for a % off at my business.
I just knocked out 5 of the 7 ways to promote athletes in one day.
Not possible, as NIL is supposed to be a player monetizing their name, image, or likeness. It's NOT supposed to be a salary for every player, though payouts from something like a new NCAA CFB video game should be dispersed to all roster participants, imo.
What the NIL decision is supposed to mean is Jalen Milroe can monetize (get paid) for appearances in TV commercials / print ads, can sell his own like of clothes / cologne / whatever on earth he wants, making money based on his name, image, or likeness. It's NOT supposed to be about 'collectives' and other such nonsense that has nothing to do with NIL and everything to do with paying players.
Sorry, it is possible. You can go out to the sponsors section of any School's NIL website and designate where and who your money goes to. You can list every athlete on campus and just get them to make an appearance, sigh autographs, do a group camp or offer free training sessions. As long as the "sponser" has a legitimate business that can visibly promote the athlete they are paying and promote what they are doing for your business, you could give whatever you want to whomever you want.
Lets say I wanted to give every athlete 10k and set up a meet the Bama athletes day in the quad. Get pics and autographs with your favorite athlete. All the athletes will also be doing shout outs on the radio, which will be turned into a pod cast at a later date. All of the athletes will be wearing my companies' buttons on their uniform tops. Each athlete will also give you a promotional flyer for a % off at my business.
I just knocked out 5 of the 7 ways to promote athletes in one day.
If you’re not winning football games and championships, what’s the point of being at USC?
I do think the CBS article I skimmed kind of hinted at USC looking around, almost like Nelson here wasn’t a slam dunk replacement.
Of course that's possible, but you missed the point - NIL is about a player's name, image, or likeness. Of course, one can skirt the spirit of the rules and make it available, but the ruling isn't saying it's legal to pay players, it's that they cannot be prohibited to monetize their NIL.
Of course it happens all the time - we've seen it. But it cannot happen within the confines of what the ruling was about.
Of course there will be those who will try to find ways to monetize everything.
Does anyone think there may be a "market correction" next year with the collectives and/or schools as it relates to players making demands? It seems this year there are more stories about star players (QB's especially) holding the team/collectives hostage with the "take my ball and go home" mentality.
How would teams/coaches accept a guy who held is last team hostage and not think the same thing would happen at the new school? Nothing really stopping them from deciding during the season to stop playing vs. end of year.
Would NIL installment contracts be an alternative? Or performance based contracts with a base amount?
Maybe the "love and pageantry" for college football may divert to division 2 schools?
And Beck has decided to return next year to UGA.![]()
Five-Star QB Dylan Raiola commits to Nebraska
Five-Star QB Dylan Raiola of Buford (GA) High announced his commitment to Nebraska. Read here for more.www.on3.com
247sports.com
It’s “earned income†- I don’t see how it wouldn’t be taxable.If the money is coming from a collective and they aren’t getting the money by being “employed†is it taxable? I haven’t heard. Obviously if the money is for what NIL was supposed to be, there would be income tax on it.
Beck is legit. That makes Georgia much harder to beat next year.And Beck has decided to return next year to UGA.
He wasn’t going anywhere, That was all a money play. He really had no leverage, the NFL didn’t really want him either.And Beck has decided to return next year to UGA.
I bet Kirby had to run home and change his underwear when he got this news.![]()
Five-Star QB Dylan Raiola commits to Nebraska
Five-Star QB Dylan Raiola of Buford (GA) High announced his commitment to Nebraska. Read here for more.www.on3.com