Name, Image & Likeness (NIL)

[Class of '66 Old Fart 80,940]

https://247sports.com/college/indiana/LongFormArticle/Iowa-AD-Gary-Barta-suggests-NCAA-bans-one-time-transfer-rule-187477792/#187477792_8

[Class of '66 Old Fart 80,940]

https://www.ajc.com/sports/georgia-tech/georgia-tech-to-award-bonuses-to-athletes-for-professional-development/I4VQDLTCS5GXPKVLUBAOV4DZIA/

[JustWinWoody 3,259]

 

[WayneFleekHoosier 46,726]

22 minutes ago, ArchieNoMo said:

 

Smart!

[Class of '66 Old Fart 80,940]

More background stories on Campus Ink.

https://www.thedailyhoosier.com/mark-cuban-backed-campus-ink-to-provide-merchandising-store-for-iu-student-athletes/?fbclid=IwAR0QpzmjTCmtUXDGydNxVJ0U-4aauBtjNmTlh8wtM1p2HZZrDCdBR-OXvU0

https://indiana.rivals.com/news/indiana-announces-new-nil-partnership-with-campus-ink?fbclid=IwAR2XnZCTXHQEJKEvDvrqHQkgBOCH2RDRT1UvMkCc0m6vBpZWXqjs3LyJMR0

[Class of '66 Old Fart 80,940]

 

Significant IRS ruling that NIL collectives are not tax-exempt.

https://www.si.com/college/2023/06/10/irs-name-image-likeness-collectives-not-tax-exempt

 

It's my understanding that the primary IU Collective never applied for status as a tax-exempt entity and is thus not impacted by this IRS ruling.

 

[Class of '66 Old Fart 80,940]

Mildly interesting that there's no comment from a B1G coach.

https://www.on3.com/news/college-coaches-confidential-how-has-nil-changed-how-you-recruit-a-player/

[WayneFleekHoosier 46,726]

1 hour ago, Class of '66 Old Fart said:

Mildly interesting that there's no comment from a B1G coach.

https://www.on3.com/news/college-coaches-confidential-how-has-nil-changed-how-you-recruit-a-player/

very interesting but also nothing earth shattering.  It's the landscape and staying ahead of it and knowing what you want is huge.  Also very noteworthy the mentions of not having your first year guys being your highest paid.  Huge, high ranking recruiting classes are still super important but winning with mostly freshman starters has proven difficult and seems to be becoming even more difficult in today's era.

[Class of '66 Old Fart 80,940]

 

[WayneFleekHoosier 46,726]

27 minutes ago, Class of '66 Old Fart said:

 

Great insight.   Also funny that these were the same exact numbers being tossed around for the 4 and 5 star kids before NIL.  Ayton was rumored at 350-500k.  Williamson turned into a bidding war last minute and he got extra perks.  Nil has particularly helped the non stars and vastly added the number of teams participating in the payouts.  

Edited August 31, 2023 by WayneFleekHoosier

[Class of '66 Old Fart 80,940]

[Josh 12,360]

19 minutes ago, Class of '66 Old Fart said:

My goodness, this is brilliant.  It would be interesting to see how much this cost the collective.  If they had to pay for the trucks up front, they recoup a lot of it when the player leaves.  I would think Dodge gave them a sweetheart deal or even paid for it all since they're building brand loyalty with the players.

I love this idea, kudos to whoever came up with it

[8bucks 6,118]

14 minutes ago, Josh said:

My goodness, this is brilliant.  It would be interesting to see how much this cost the collective.  If they had to pay for the trucks up front, they recoup a lot of it when the player leaves.  I would think Dodge gave them a sweetheart deal or even paid for it all since they're building brand loyalty with the players.

I love this idea, kudos to whoever came up with it

If they just pay the lease, it is probably about $600k/yr.  Insurance may bump that up but certainly a big bang for the buck deal