Contracts

[TulsaRulzOSUdrools]

If these schools start offering up NILs, can they start making kids sign some kind of multi-year contracts? Hunter Dickerson just straight up said I will get more cash at Kansas than Michigan.

 

[TUcandoit]

The great news is with some of these players getting million+ NIL agreements, I guess the school doesn't need to give them a scholarship. They can start paying for schooling themselves.

 

[918Golden]

The great news is with some of these players getting million+ NIL agreements, I guess the school doesn't need to give them a scholarship. They can start paying for schooling themselves.

Some are. Pretty sure schools are getting around some scholarship limits by having big time NIL types be walk ons. I know it’s happening at Michigan for football.

 

[TU1NNJ]

Question for our attorneys. Does “Fair Market Value” at some point play into what is being paid for NIL?

 

[TU 1978]

These young people don’t understand the tax implications of what they’re doing - yet.

 

[TU Sepp]

They will get a good idea when the IRS comes a call'n!

 

[TUcandoit]

Probably one of the classes they missed after transferring to their 4th school in 4 years.

 

[HuffyCane]

These young people don’t understand the tax implications of what they’re doing - yet.

To TU’s credit, they have constructed a framework for the students to pursue NIL and avoid major tax mistakes. But they aren’t required to use it, as I understand it. I’m sure we are going to hear some horror stories out of other schools soon followed by excuses of unfair treatment.

 

[TulsaRulzOSUdrools]

Is Henry Premiux still around? That dude would be tossing some NIL cash around, right?