Everything you need to know about the NCAA's NIL debate
With the athletes, the NCAA, legislators and the courts all still involved, expect more twists and turns in the name, image and likeness debate. Check back here for all the latest news.
Free education?
I don't understand why compensation (in the form of a scholarship) for their athletic skills should preclude them from participating in the market as anybody else can. If Joe Sophomore receives a full-ride for his academic prowess, is he not allowed to start a t-shirt business? Of course not. So what's the rationale for treating an athlete any different?Yes I did play college sports and my son was a scholarship D1 athlete for four years. You help make my point. Joe sophomore is probably trying to make money to help pay for his education. Major D1 sports athletes are getting scholarships worth anywhere from 120k to 300k(just guessing), its like winning the lottery. No tuition bills or student loans for them or their parents.
As a tutor, did you let your students know the irregardless is not a word?"All the profit?" This statement is too extreme. What about the value of the education they receive, the support services (I used to tutor college athletes and every athlete irregardless of revenue sports gets these types of support), coaching, exposure? Most players never get to a professional league. Those that don't would either have to pay for their own expenses or not pursue sports. Anyone with kids knows how expensive it is to have top notch coaching. Where would that money come from for the underprivileged families?
I am not arguing that there be no payments, but its my opinion that there are important non-monetary benefits provided to college athletes that are often overlooked.
As a tutor, did you let your students know the irregardless is not a word?
Regardless would be correct.
Oh this is a proper message boardAs a tutor, did you let your students know the irregardless is not a word?
Regardless would be correct.
D1 sports also generate major expenses. The fact is that the majority of athletic programs lose money (granted, much of that is due to so called nonrevenue sports). For instance, Iowa cut four sports programs this year and still had to borrow $50 million to meet payroll. Our own program has debt in excess of $300 million and needed to borrow another $33million this year in order to balance the budget.D1 revenue sport athletes are generating major $ for their schools. It's only fair that they should get a share of the pie.
Irregardlessly please stay away from grammar argumentsAs a tutor, did you let your students know the irregardless is not a word?
Regardless would be correct.
I'll agree with this for athletics. I'm not sure how it applies to undergrad academic scholarships (UAS).The scholarship, whether athletic or academic, is not "free education" or "lottery" winnings -- it is the base compensation for bringing one's skills to a particular institution.
Haha good point. I was thinking of full ride academic scholarships sponsored by the institution, those based on one's achievement and with criteria set by the institution. For the school, attracting high-achieving students has a lot of value on its own (and might literally pay off if the student becomes successful and themselves a donor). My point is those scholarships are compensation from the school for "taking their talents" to that school rather than a competitor, and just b/c their education is paid for doesn't mean they should be restricted from certain business opportunities elsewhere (as is the case already, and it should be the same for athletics).Academic scholarship often have no requirements on the recipient beyond take a normal class load, and get passable grades. The donor gets to set the criterion for who gets the scholarship.
All monies earned are subject to taxes in the wonderful U.S. of A., but if they're getting cash for photos/autographs/whatever it's easy to "forget" about that income.Am I correct in assuming that any monies earned from this NIL would be taxable as income at the fed/state levels?
Thanks, much like cash tips to wait staffAll monies earned are subject to taxes in the wonderful U.S. of A., but if they're getting cash for photos/autographs/whatever it's easy to "forget" about that income.
It would also be easy for the IRS to document these occasions in todays social media world. So yah they can try but the gov't will get their taxes one way or another. I would also guess this would go against any code of conduct teams/schools have with their students. I am sure their would be something in their if the kid got caught for tax evasion.All monies earned are subject to taxes in the wonderful U.S. of A., but if they're getting cash for photos/autographs/whatever it's easy to "forget" about that income.
If you write it, they will come?NIL taking off in SEC and other Southern schools. State legislation being passed, schools developing classes for implementing it, for Student athletes for taking advantage of it, and writing boiler-plate contracts for revenue sharing . Louisiana legislature passing bills now to begin implementation July 1st. Apparently LSU and Tulane staff are meeting with boosters to plan ways to implement the new plan assuming NCAA approval. They see it as a great recruiting tool for those schools who get on board first and most 'creatively'. , and as a game changer for college athletics. Safe to say they are using NIL as a recruiting tool and to attract transfers. (I am retired in New Orleans and have been watching NIL develop here. Wouldn't surprise me if LSU laid out some potential 'deals' for AM)
Same here I see a real opportunity for sports management/legal firms to get into this business, and would hope the DIA works arm in arm with them to get the best (above board) deals for the athlete and the school. I bet there is already enough talent in the Law, Business, and Marketing schools to create a world class public/private marketing and promotion service for the athletes.If you write it, they will come?
I am a little jealous Illinois is not taking an aggressive recruiting focused stance on NIL.
I agree. The states that get out in front of this will give their universities an advantage until the rest catch up. I hate the thought that freakin' Louisiana will function more efficiently than Illinois.If you write it, they will come?
I am a little jealous Illinois is not taking an aggressive recruiting focused stance on NIL.
Well it could make football better so gotta do what it takes. I Imagine Texas will live in an NIL land all its own head and shoulders above everybody when they figure it out.I agree. The states that get out in front of this will give their universities an advantage until the rest catch up. I hate the thought that freakin' Louisiana will function more efficiently than Illinois.
I agree. The states that get out in front of this will give their universities an advantage until the rest catch up. I hate the thought that freakin' Louisiana will function more efficiently than Illinois.