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re: NIL restrictions
Posted on 1/3/24 at 8:19 am to SlowFlowPro
Posted on 1/3/24 at 8:19 am to SlowFlowPro
quote:
They 100% cannot. The NFL can't regulate player endorsement deals, either.
I agree but like someone said earlier what exactly are the vast majority of these kids endorsing? This money is coming from boosters of the school and has nothing to do with NIL. Isn’t that supposed to be still against the rules?
Posted on 1/3/24 at 8:26 am to BOSCEAUX
quote:
This money is coming from boosters of the school and has nothing to do with NIL. Isn’t that supposed to be still against the rules?
There actually are some rules on NIL and the collectives were created relatively quickly to fall in line with the regs.
The boosters create a company (the collective) and fund that company. The company is a separate entity from the university, boosters, and players. It's going to get really difficult for the NCAA to regulate these companies for things like viability (or whatever standards you want to use). Also, often the companies are created as charitable (even though I think the IRS has said the donations aren't tax deductible). If you have a charity who wants to sponsor players due to the players' NIL, how does the NCAA regulate that?
This isn't that easy to do.
Posted on 1/3/24 at 11:01 am to BOSCEAUX
quote:
This money is coming from boosters of the school and has nothing to do with NIL. Isn’t that supposed to be still against the rules?
There probably is a small requirement written into their agreements. Probably something like them showing up to a booster dinner with the folks in their collective or signing a few jerseys. We don't know the details of the agreements. I'm sure that plenty of attorneys have written and reviewed them in order to be within the framework of the NIL rules.
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