NIL reporting

No.. just the IRS

Legal adult? 18 is the age but you still have to report income even if you are not “legal adult.”

Quote: What's the age in Louisiana?

Fourteen.....same as drinking!!

I know this has nothing to do with Smith, but just watched the Manziel documentary. I couldn't imagine the amount of bank he would've made late in 2012.

What's interesting about Manziel is that he came from money, unlike the 80 percent of the other players that came from poverty. It would have been interesting how much he might have made with NIL, but I'm sure A&M didn't get him for free!

quote:

---

Just curious because players are talking about how NIL has really changed the lives of their entire family so they must be talking about a pretty large sum of money.

---

I dont think this is the case at all. From the perspective of someone growing up middle class, sure, it would take a fairly significant amount to truly "change the lives" of them and their family. But if we're talking about a family that doesn't have a lot, then even a little bit can make a huge difference.


None of that is to say that he's *not* getting a significant amount. But i dont think anything he said requires that to be true. Like, think about the difference between being able to afford a car. Think about the difference of being able to get the car fixed if/when it craps out. Think about being able to take off work and afford air fare to go see him play away games. Think about the difference of not having to send a college kid any spending money when you don't even have it yourself. It legitimately doesn't take much to take care of all the stuff i just listed--to take a family from having absolutely zero possible way of being able to afford those things while still putting food on the table, all the way to being able to afford them without stress--and that IS legitimately life-changing.



I'll never understand why so many people are so upset that these kids are finally getting the chance to benefit from their own ability and hard work. Lotta people would rather see random TV execs and university brass rake in that cash instead of the kids who are actually pumping out the value. Smh.

If I’m not mistaken, I believe one of Smith’s parents is a Doctor. If the part about it being life changing for his whole family was probably a little for show. I doubt his family is changing their lifestyle based off his NIL.

I think all SEC schools have a ‘base salary’ NIL package…then special ones for the 4-5 stars or position groups. $30-50k/yr likely as a base.

IDK just yet. Lots of trust initially, since offers are verbal until you can officially sign in December of your senior year. All of the schools have media room where players record bits for NIL deals, but for the elite players I’m sure those deals are setup prior to arriving. The collectives can make one time payments to get players…but that would be one off decisions for them.

We are too. Have a Jr that plays…so we are learning as we go. SEC football programs are very complex machines, fascinating really.