tennesseecoyote
Well-Known Member
- Joined
- Jul 23, 2009
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This is always where this was headed and it’s going to destroy the sport, and the young adults in it.
Every Oklahoma Football player on scholarship will receive $50,000 in NIL money a year. Plans are to start enrolling players for payment the day after the Spring Game with everyone onboarded by the fall.
It’s certainly going to be an interesting journey. I wonder if these guys will be considered self employed or employees of the contributing business/individual/NIL committee or whatever they’ll be called. IRS could make life miserable for these guys if they’re not on top of all the “in’s and out’s!
$100 bills easily. $1 bills no chance.Will that even FIT in a McDonald's bag???
They wi be 1099 contractors to the agency paying them.It’s certainly going to be an interesting journey. I wonder if these guys will be considered self employed or employees of the contributing business/individual/NIL committee or whatever they’ll be called. IRS could make life miserable for these guys if they’re not on top of all the “in’s and out’s!
I can't imagine anyone with two brain cells, not understanding where the NIL genie was heading from the outset. Regular paychecks for the whole team, HUGE bonus money for the top tier "Stars". REALLY...?? You didn't think that's how this was going to go..?? Like it or not...this is where we are. One of the most disappointing things I keep seeing from folks who like the idea of turning athletes into salaried performers is the contention that NIL money is good because otherwise "athletes receive nothing". Only 1.2% of college players make it to the NFL. Average NFL career is 3.3 years ( according to the league). A very small percentage of those who make the pro's have an NFL playing career that provides enough money that they never have to worry about earning a living when their NFL career is over. IMHO...the free college education players receive, including the multitude of fringe benefits that go with that "Full-ride scholarship" have a significant value to a young man and should be recognized in this conversation. It's not "nothing".