Can’t imagine these businesses won’t be sending them 1099s next January. I’m curious what the state tax implications will be. What’s the source of the income? Who do they owe taxes on NIL I come to?
My brother worked at a tax clinic for a branch of the military and he had a ton of young enlisted soldiers whose spouses worked for Uber or Lyft. These soldiers came in expecting a big refund and learned they owed money.
That’s kind of Arby’s business model.
Do we know if any of our players have signed any deals? I keep seeing athletes from various schools and sports signing on with Barstool
Surely you don’t think college sports had a level playing field before July 1. You just prefer an uneven playing field where athletes’ rights are restricted.
College basketball is already complete trash. If some business wants to pay a one-and-done 19-year old kid for 6 months of exposure while Nike's paying them too, IDGAF.
College football won't change much for the legit Top 20-30 teams.
Well I am not too sure about that. It isn't necessarily the bigger schools that will have more endorsements. Wake has fewer alumni, but a richer per capita base than most state schools. All it takes is that one. Harvard and Yale have a chance now to split the next 20 national championships.
Yep. College basketball is awful now and dying outside of 5-10 top programs who's entire university and town is built around the sport (Kansas, Kentucky, Duke, etc) . The one and done rule along with the open transfer policy has killed the sport. Nobody gives a fuck about some no named mercenary who's going to play for their college for 6 months. Which isn't good for interest when basketball is all about the visibility and promotion of individual players.
College football is going to be interesting, but in the end I think it will just increase inequality and start to gut out smaller programs like Wake. These niche endorsements are fun right now, but are larger brands really going to be paying a Wake Forest level player anything in 3-5 years? Maybe a few local companies will continue to support, but their marketing budget is tiny. If anything Wake's best players who aren't ready for the NFL are going to transfer to bigger schools so they can get more endorsements.