I think I am going to offer services to Athletes to setup their NIL as an LLC electing to be taxed as an S Corp for tax purposes.
I might as well profit on this as well.
I might as well profit on this as well.
NCAA- Supreme Court ruling
- Thread starter Mr Janny
- Start date
Believe a USC receiver (mike smith?) was in that also. I don’t understand how the NFL with a salary cap can exist but not the current model of the NCAA. I listened to stanz/woody podcast and that popped into my head a lot.
- Mar 27, 2006
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And as long as the offer from each college is allowed to be different, this would be fine. But as soon as the entire NCAA or even a conference tries to set rules on what can be offered, or cap the value of what schools can offer, they're going to run into problems. The what the whole antitrust case is about.
The salary cap in the NFL is part of the CBA which is negotiated. The NCAA doesn't negotiate. They just set the compensation at a relatively low, fixed rate.
Think there are already semi-pro teams where a players can try out for a position out of high school. Doubt it they're playing before 60000+ fans though, and making much money, maybe even less than our guys get as a stipend, but don't know for sure. Wasn't Park playing for some semi- pro team down south? Probably not the best medical care plan if you even make the team.
Anyway, doubt if I would be shelling out a few thousand for season tickets to see a minor league football team play.
Anyway, doubt if I would be shelling out a few thousand for season tickets to see a minor league football team play.
Right. Universities already offer all sorts of "value" to athletes. Especially star players.
- Mar 27, 2006
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It will be interesting to see if any schools still hold out on this. It's well within their rights to do that, but they'd be putting themselves at a disadvantage.
I feel like the only schools that won't allow NIL are the academies. Other than that, we just entered a whole new arms race in the college sports world.
The school needs to come up with its own rules and have consultants on staff to help athletes navigate the issues.
- Mar 27, 2006
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Agreed. Very few schools are going to fight the current on this, but it's absolutely their right to do that if they want to. That's the whole point. There shouldn't be artificial limits on what schools can offer. Let the free market in.
Part of me thinks this is a good move, but having no limitations/regulations at all is a little worrisome. Could the schools just pay players and say it is for NIL? It might be a way to skirt around any Title IX implications.
interesting question, schools could absolutely use athletes for advertising (they already do and have done so for years) will they now pay for that?
I'd be stunned if they didn't hire it out like Iowa and several other schools did. Otherwise you'd have to hire and train a ton of staff I would think.
I would think so. They sell football jerseys every year and I would think that the player would now get a part of that cut.
I would assume that when you sign an LOI, that there would now be language in there saying that part of your scholarship includes doing media appearances as needed. This would be similar to a professional contract in the NBA or NFL, their pay from the contract includes the player doing media appearances.
sure, I would assume that is how they do that now.
What I am saying is, what is stopping Iowa State from telling recruits that they'll pay them 20k a year in addition to their scholarship for use of their name image and likeness?
I would assume Title IX would get in the way, unless they wanted to take money from another mens sport (or just make it part of the football budget) to make that payment.
Personally, from a university standpoint, nothing should change from them. To me, all NIL should be is allowing the student athlete being able to make money off of their name. If a local business wants to pay that student money to be in an advertisement, the student athlete is free to accept that money without the university getting in the way. If a student athlete wants to create a YouTube channel and monetize it about their life as a student athlete, they should be able to.
I am probably not aware of other legal things, but I feel that people are making this harder than it actually is. All that should happen is student athletes should be allowed to accept money from sources freely, whereas in the past they weren't because they could get their school sanctioned by the NCAA. All the NCAA needs to do is just eliminate their rule preventing these student athletes accepting money from third parties.
