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Post by trimster on Jan 15, 2024 13:14:59 GMT -5
A couple of NIL tidbits. ND's NIL Collective has offered UNLV's star WR 250,000 next year. Clemson's Collective paid out 2.4 million to Tiger Athletes in 2022 according to tax filings.
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Post by hchoops on Jan 15, 2024 15:37:54 GMT -5
And these players are amateurs
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Post by KY Crusader 75 on Jan 15, 2024 16:33:07 GMT -5
This is just the beginning. Prices will just go up from here.
Coming crisis: income taxes coming due on last year’s NIL $$$ and you know some players will be completely surprised.
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Post by rgs318 on Jan 15, 2024 17:02:41 GMT -5
That used to happen for years with NFL Bonus money. Beasley Reece with the NY Giants tried to have the team bring in financial advisors to help but they resisted. Many rookies got into tax debt, and if they were released found themselves in debt for years.
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Post by HC92 on Jan 15, 2024 17:09:23 GMT -5
That used to happen for years with NFL Bonus money. Beasley Reece with the NY Giants tried to have the team bring in financial advisors to help but they resisted. Many rookies got into tax debt, and if they were released found themselves in debt for years. Beasley came to speak to a Sports Law group when I was in law school. I vaguely recall it being about his financial issues and the importance of athletes getting reliable and honest advisors. |
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