Post by OscarWildeCat, Admin on Jul 7, 2021 5:18:26 GMT -6
That was something I was curious about. Are there any rules against negotiating these deals as part of the recruiting process? If there are they seem like they would be impossible to monitor. One thing that I saw which I thought to be an interesting take is that good players who end up being backups at major universities may end up at smaller schools (like ACU) not purely due to playing time, but due to the deals that come with playing time. For example, the back up QB at the University of Houston might not make as much money as he would if he was the starter at ACU. Of course, that is just an example, but it was an interesting argument about how this doesn't just make the rich schools richer. We will see how it actually plays out in real time.
I'm not sure how the money flow is monitored. Below is a interesting link to an article on Pros & cons.
I would think sponsorships, endorsements, cars received lease or otherwise, will definitely have tax implications to athletes that they don't presently have with their current NCAA scholarship money. Currently NCAA scholarship money is not taxable. Some of the article talks about NCAA insurance requirements & disproportionate amount of minorities driving the NCAA cash cow. I just hope these youngsters are schooled on the importance of their education and they have a good accountant.
I posted an article on the NIL tread about an incoming freshman recruit at a HBCU who signed a Two million dollar endorsement deal.