College Athletics Branding - Name Image Likeness Rules

[IrishRazor82]

ND simply needs to figure out the NIL thing like any other situation they've had to address over the past century of staying relevant.

Whining about "what's virtuous" doesn't matter. NIL is in it's infancy and ND has a really good class but it won't stay that way for ND or any others who can't figure out how to capitalize on the new rules allowing this.

17 year old super stars want to get laid, have money, and go to the NFL. And just becauase they want that doesn't mean they're not smart enough for ND.

ND needs to figure it's **** out on this. It's fine for this year but it won't be for long.

 

[Cackalacky2.0]

ND and Mendoza need to start offering Fortune 500 "mentorships" for the different position groups

 

[NDohio]

ND and Mendoza need to start offering Fortune 500 "mentorships" for the different position groups

Brandon Wimbush talks about this. He thinks Notre Dame could really capitalize on this by setting players up with paid internships to companies/organizations that have ties to ND.

 

[IrishLax]

Brandon Wimbush talks about this. He thinks Notre Dame could really capitalize on this by setting players up with paid internships to companies/organizations that have ties to ND.

I heard that Wimbush did a podcast on NIL. Don't know if that's what you're referring to or if you have a link to it by any chance?

 

[NDohio]

I heard that Wimbush did a podcast on NIL. Don't know if that's what you're referring to or if you have a link to it by any chance?

https://podcasts.apple.com/us/podcas...=1000544551063

This is the most recent podcast. I have heard him talk about it at other times as well.

 

[Cackalacky2.0]

Seriously, if ND cant get smart and set up some legally questionable business venture (but totally unpoliceable by NCAA) to launder money into our athletes hands....I'd have to say I'd be disappointed at the lack of creativity.

 

[rtrn2glory]

Seriously, if ND cant get smart and set up some legally questionable business venture (but totally unpoliceable by NCAA) to launder money into our athletes hands....I'd have to say I'd be disappointed at the lack of creativity.

It'll be interesting to see if the NCAA ever totally gets legislation in place to police this. I really don't know what they can do, but the Texas deal with their OL is really outrageous to me. Something has to get done. The parity is going to be even more spread out as a result of this.

 

[irishff1014]

It'll be interesting to see if the NCAA ever totally gets legislation in place to police this. I really don't know what they can do, but the Texas deal with their OL is really outrageous to me. Something has to get done. The parity is going to be even more spread out as a result of this.

I have as much faith in the NCAA putting NIL rules in place as i do Biden saying a sentence without mubling or stuttering.

 

[irishff1014]

I assume they have to claim this and pay taxes on it?

 

[Cackalacky2.0]

I assume they have to claim this and pay taxes on it?

I understand that the states who have laws in place typically depend on the school to report accurately and the school default to the athlete notifying them. soooo. obviously no chance all the money gets declared properly. lol

 

[Pops Freshenmeyer]

I understand that the states who have laws in place typically depend on the school to report accurately and the school default to the athlete notifying them. soooo. obviously no chance all the money gets declared properly. lol

The people putting in the money will definitely be issuing some 1099s. I'm betting a lot of young men are going to be unpleasantly surprised in 16 months. And then they will need a new infusion to pay those taxes...

 

[Free Manera]

We saw how NIL ruined recruiting/signing day but we have not yet seen how it will ruin the transfer portal. Stay tuned for that. Literal free agency is coming.

 

[Cackalacky2.0]

The people putting in the money will definitely be issuing some 1099s. I'm betting a lot of young men are going to be unpleasantly surprised in 16 months. And then they will need a new infusion to pay those taxes...

yeah but there is nothing stopping them from declaring a small portion of it realtive to the real number not reported. Kind of like how waitresses handle cash tips versus credit card tips.

"Here is a 1099 Timmy that you need to submit for your $500 football camp appearance. Make sure you notify the school and the IRS. Now go see that guy for your straight bag of cash, no need to declare that"

 

[Pops Freshenmeyer]

yeah but there is nothing stopping them from declaring a small portion of it realtive to the real number not reported. Kind of like how waitresses handle cash tips versus credit card tips.

"Here is a 1099 Timmy that you need to submit for your $500 football camp appearance. Make sure you notify the school and the IRS. Now go see that guy for your straight bag of cash, no need to declare that"

Sure, but that won't fly for the NIL special purpose entities being assembled.

 

[Cackalacky2.0]

Sure, but that won't fly for the NIL special purpose entities being assembled.

Sure it can....these entites are limited only by their creativity.

 

[Bishop2b5]

Sure it can....these entites are limited only by their creativity.

In the past with boosters and others needing to funnel money to players under the table, they had every reason in the world to hide the amounts given to those players. Now, with NIL, the business has no incentive to hide the amount they give and every reason to declare it as a legit business expense. There's not much market for undeclared under-the-table money anymore. Players will have to declare their NIL money and pay taxes on it.

 

[Cackalacky2.0]

In the past with boosters and others needing to funnel money to players under the table, they had every reason in the world to hide the amounts given to those players. Now, with NIL, the business has no incentive to hide the amount they give and every reason to declare it as a legit business expense. There's not much market for undeclared under-the-table money anymore. Players will have to declare their NIL money and pay taxes on it.

There is still many reasons to pay kids under the table. Many.... and no they arent forced to declare all their money.. there are many tricks all kinds of people use to not declare taxable income. And if you think these kids will have financial consultants telling them 100% of the time how to legally handle all theri new NIL money... lmao

 

[irishff1014]

I understand that the states who have laws in place typically depend on the school to report accurately and the school default to the athlete notifying them. soooo. obviously no chance all the money gets declared properly. lol

interesting.

 

[IrishLax]

[TWEET]https://twitter.com/brucefeldmancfb/status/1471538812727685120?s=21[/TWEET]

Thought that this was interesting from an agent who is trying to get NIL money for players. Extremely transparent about how it’ll help schools with passionate boosters/fan bases sign more “top” prospects by violating the spirit of the regulations. He’s also transparent about how top schools without academic restrictions will raid lesser schools with promises of NIL money for players that they want.

CFB as we know it is dead unless we get some changes this summer to the transfer waiver.

 

[Cackalacky2.0]

interesting.

https://www.ncsasports.org/name-image-likeness#:~:text=National%20governing%20bodies%20s port-specific%20amateurism%20rules%201%20The,Amateur%20 Status%20in%20connection%20with%20the%20NIL%20acti vities.

The NCAA NIL rules do not override state, college/university or conference specific NIL rules. This means student-athletes need to review the NIL rules in the state where their school is located and check with their athletic department for any school and conference-specific rules to understand what limitations they will have on their NIL.

College student-athletes competing in states without an NIL law will have the freedom to receive compensation for their NIL however they see fit, as long as they do not violate pay-for-play or receive financial incentives to sign with or remain at a program. [LOL Ok...who is policing this?]


Many high school associations have released statements clarifying that the new NCAA NIL policy doesn’t change high school eligibility rules. In July 2021, Darren Heitner, founder of Heitner Legal and Chief Editor of Sports Agent Blog, had his firm review all states’ NIL laws and the bylaws established by the high school athletic associations. Heitner Legal concluded that, At the moment, California is the only state that clearly allows high school athletes to pursue NIL opportunities. According to the California Interscholastic Federation, California high school athletes can profit from their NIL, as long as they do not use their high school’s name or marks.


Are colleges/universities creating their own NIL rules?
Yes, each individual school has oversight of NIL deals and the right to object to a deal if it conflicts with existing agreements. To help manage this process, some schools are turning to companies like Opendorse and INFLCR, which offers a platform for athletes to upload their NIL contracts for the compliance department to review and approve.

Athletes are expected to understand their school’s NIL policy and keep their school informed of all NIL arrangements. The best way to ensure student-athletes understand school-specific NIL rules is to work directly with their coaching and the compliance department. Check here for a list of institutions with NIL rules and regulations in place.


What’s next for NIL?
While the NCAA intends to work with federal congressional legislators to replace the interim policy with a single nationwide policy, there is no timeline on when that might happen. NCSA will continue to monitor changes as they relate to NIL laws and provide updates to the team, when necessary.

For student-athletes looking for additional resources covering NIL updates on an ongoing basis, check out the weekly NIL Network podcast, Fi-Nil-ly.

 

[IrishLax]

The sham part is that they say “can’t use it for pay-to-play or signing incentive or to stay at a school” yet that’s exactly what agents are doing and the NCAA has no way to enforce a gosh darn thing. It’s a loophole the size of the Grand Canyon.

 

[Cackalacky2.0]

The sham part is that they say “can’t use it for pay-to-play or signing incentive or to stay at a school” yet that’s exactly what agents are doing and the NCAA has no way to enforce a gosh darn thing. It’s a loophole the size of the Grand Canyon.

Exactly and bishop is trying to tell me the default (rather than the exception) will be above board and totally report all that cash to the IRS. lmao

Its a financial wild west

 

[Pops Freshenmeyer]

The sham part is that they say “can’t use it for pay-to-play or signing incentive or to stay at a school” yet that’s exactly what agents are doing and the NCAA has no way to enforce a gosh darn thing. It’s a loophole the size of the Grand Canyon.

Which is why the horse is out of the barn. The big boys have assembled war chests and are undeterred by anything but cost/benefit. I don't see how any NIL regulations could possibly be effective in restraining the most motivated schools.

The SEC and B1G are about to be light years ahead of the rest of CFB in revenue with their media rights deals. Stop holding on and let them play in their own sandbox.

If the P5 were to split it would actually open the avenue to more direct regulation of the schools. The anti-trust concerns dissipate if there's an alternative, competing league.

 

[Cackalacky2.0]

Here is Clemson's limitations on who can offer a student athlete NIL money:

Limitations on who may provide NIL Opportunities:

• The directors, officers, and employees of Clemson University or its affiliated entities may not compensate current or prospective student-athletes for their NIL and may not create or facilitate third party compensation for NIL opportunities.
  • Providing NIL education-related support and services is allowed if approved in advance by Athletic Compliance.
  • Boosters and third parties may provide genuine NIL compensation opportunities consistent with this policy as long as that opportunity is not arranged by the parties listed above.

lol

Most of the schools programs I have looked at allow any boosters or third parties to create NIL opportunities as long as they arent used to recruit a kid to a school or ensure a kid at a school stays or intice them to leave. Ok who policies this?

 

[Irish#1]

Yes, each individual school has oversight of NIL deals and the right to object to a deal if it conflicts with existing agreements.

That's like hiring John Dillinger and asking him drop off the deposit at the bank.

 

[Bishop2b5]

Exactly and bishop is trying to tell me the default (rather than the exception) will be above board and totally report all that cash to the IRS. lmao

Its a financial wild west

With players now able to receive money for their NIL, why would a business pay a player under the table instead of openly where they can deduct it as a business expense? The player would rather not have to declare it, but explain to me how and why a business would have a known endorsement deal with a player and not deduct every penny of the cost.

 

[Cackalacky2.0]

With players now able to receive money for their NIL, why would a business pay a player under the table instead of openly where they can deduct it as a business expense? The player would rather not have to declare it, but explain to me how and why a business would have a known endorsement deal with a player and not deduct every penny of the cost.

Because the vast majority of NIL money players will receive will be coming from boosters, not businesses and boosters who are well versed and have been paying players under the table for eons arent businesses. They avoided the IRS this far, the only difference is there is a legitimacy to it than can be used as front to get larger amounts of money into the coveted players hands.

 

[IrishLax]

With players now able to receive money for their NIL, why would a business pay a player under the table instead of openly where they can deduct it as a business expense? The player would rather not have to declare it, but explain to me how and why a business would have a known endorsement deal with a player and not deduct every penny of the cost.

I tend to agree with this, especially since every NIL deal has to be filed with the school. Only reason to pay under the table would be if for some reason what you are/were doing wouldn't be approved by the school, or if they were trying to get more bang for their buck.

 

[Bishop2b5]

Because boosters who have been paying players under the table for eons arent businesses.

We weren't talking about boosters. We were talking about NIL money and if players have to declare it and pay taxes on it, which they 100% are required to do.

 

[IrishLax]

Here is Clemson's limitations on who can offer a student athlete NIL money:
lol

Most of the schools programs I have looked at allow any boosters or third parties to create NIL opportunities as long as they arent used to recruit a kid to a school or ensure a kid at a school stays or intice them to leave. Ok who policies this?

Exactly, and this is what Kiffin was talking about and Jimbo was laughing about.

These kids are allowed to have representation now. So the agent does all the talking, and gives the kid the "deets" verbally. No one gets their hands dirty. So a lot is "promised" that may not ever be delivered on but by that point they've at least got them on campus.

Second, many of these schools have boosters publicly posting shit on social media where they are promising funding to "players on the roster next year", which is a de facto promise to anyone who wants to commit that they will get paid that money. Every Texas OL recruit has been promised $150k just for showing up to fall camp... whether the boosters follow through on that or not. The entire thing is absurd.

First things first they need to scrap immediate transfer eligibility though. After that, it's OK to take a little time to get NIL correct as they sort out football self-governance.