NIL’s

[ADORAZ]

While NIL's are not tax deductible, you as an individual or a business entity, can give players money. For example, if your company is having a party, you can inite 5 players to mingle and talk basketball, pay them a $1,000.00 each for being there a couple of hours then write it off as a business expense.

Interesting, but wouldn't that be against NCAA rules?

 

[L J S A]

Interesting, but wouldn't that be against NCAA rules?

I can't see why appearance fees would be illegal under NIL.

 

[Beasts of the East]

While NIL's are not tax deductible, you as an individual or a business entity, can give players money. For example, if your company is having a party, you can inite 5 players to mingle and talk basketball, pay them a $1,000.00 each for being there a couple of hours then write it off as a business expense.

Of course, but the IRS is starting to scrutimize the amounts paid to players for negligible services. What responsible coaches are doing for their players is remind them that in your example the $1000 is fully subject to income tax which for a player earning 150k in Nil may be as high as 30% or so in federal taxes and about 8% in nys taxes.

Rick is also advising his players to invest a portion of income in long term vehicles such as bonds or index funds.

 

[mjmaherjr]

While NIL's are not tax deductible, you as an individual or a business entity, can give players money. For example, if your company is having a party, you can inite 5 players to mingle and talk basketball, pay them a $1,000.00 each for being there a couple of hours then write it off as a business expense.

We might have to have a cover charge to the Novita party Aug 30 and try and get some of the over 21 players . lol

 

[kranmars]

Bringing up this here, as just a general thought of the NIL.

Watched the Johnny Manziel documentary. Quick review, as a doc it was pretty good, but they only glossed over his bipolar.

That out of the way, as we watch some of these astronomical NIL numbers (especially football), I cannot even begin to imagine how much Manziel would be making if he was playing today. But I have no doubt it would be the highest NIL in history.

 

[SJU14]

Bringing up this here, as just a general thought of the NIL.

Watched the Johnny Manziel documentary. Quick review, as a doc it was pretty good, but they only glossed over his bipolar.

That out of the way, as we watch some of these astronomical NIL numbers (especially football), I cannot even begin to imagine how much Manziel would be making if he was playing today. But I have no doubt it would be the highest NIL in history.

Don’t worry he made a lot, it just wasn’t as public as it is now

 

[kranmars]

Don’t worry he made a lot, it just wasn’t as public as it is now

I am sure he did (like others). But it was still less than what he would have made if it was out in the open.

 

[mavericknyc1980]

Bringing up this here, as just a general thought of the NIL.

Watched the Johnny Manziel documentary. Quick review, as a doc it was pretty good, but they only glossed over his bipolar.

That out of the way, as we watch some of these astronomical NIL numbers (especially football), I cannot even begin to imagine how much Manziel would be making if he was playing today. But I have no doubt it would be the highest NIL in history.

Publicly yes. But privately he was getting really good perks from AnM

 

[Beasts of the East]

Arch Manning brings in $102,500 for charity in first NIL deal with Panini America

Through a condition on Manning’s deal with trading card company Panini America, a one-of-a-kind, never to be reproduced Prizm Black autographed card was auctioned off on Panini’s websit…

nypost.com

 

[kranmars]

Publicly yes. But privately he was getting really good perks from AnM

I agree. But if he had the opportunity to get perks out in the open, the number would be enormous.

 

[MainMan]

Wall St Exec: I'm wondering if there's a way we can securitize NILs and trade them?

Ivy Grad: What's an NIL?

SJU Grad: I've got a triple A BE tranche headlined with Justin Moore and Joel Soriano ready to go. You want me to call Merrill or Goldman first?

 

[BrookJersey Redmen]

Wall St Exec: I'm wondering if there's a way we can securitize NILs and trade them?

Ivy Grad: What's an NIL?

SJU Grad: I've got a triple A BE tranche headlined with Justin Moore and Joel Soriano ready to go. You want me to call Merrill or Goldman first?

MainMain, alright, alright, alright, a little Wolf of Wall St. lingo there, I like it.

 

[paultzman]

 

[dk423]

Yikes

Thats not including Burrow's 10 million in guaranteed bonuses for this year

 

[bamafan]

Thats not including Burrow's 10 million in guaranteed bonuses for this year

Plus his next contract will be humongous.

 

[Stevep502]

Slightly off topic but on topic.
are D2 & D3 athletes allowed to receive NIL $$?

assuming they can, it would blur the line between mid-majors & D3 schools.

 

[mjmaherjr]

Slightly off topic but on topic.
are D2 & D3 athletes allowed to receive NIL $$?

McDonalds coupons

 

[capmaker]

https://www.si.com/college/2023/09/13/lsu-leader-nil-deals-women-athletes-angel-reese-livvy-dunne

 

[otis]

Slightly off topic but on topic.
are D2 & D3 athletes allowed to receive NIL $$?

assuming they can, it would blur the line between mid-majors & D3 schools.

even high school athletes can receive N$L money.

 

[SJU85]

Slightly off topic but on topic.
are D2 & D3 athletes allowed to receive NIL $$?

assuming they can, it would blur the line between mid-majors & D3 schools.

They can receive NIL and it really doesn’t blur the lines for many reasons. The dollars and resources in most cases is not the same. To add, you can still tell the difference between a Mid-major and a DIII school in most cases.