State of Texas Student Athlete NIL bill
- Thread starter bigred24
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SWTRefugee
M&G Gift Contributor
I hate to ever defend atm but LSU has the Tiger Athletic Foundation which separately bankrolls athletics in many ways and Clempsin has had IPTAY since the thirties.
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Supporting the success of Clemson’s student-athletes in the classroom and on the field since 1934. IPTAY is one of the most successful athletic fundraising organizations today.
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OK - now google LSU football schedule or roster and see if that directs you to the Tiger Foundation. Can you buy season tickets to LSU football through the Tiger Foundation? No - but even that org is probably too close to the school to be dealing w/ NIL like that.
The bottom line is that NIL donations can't give the donor benefits in that manner. aTm has fumblefucked their way through NIL from the beginning and I suspect that they will reverse course on this vs going head to head w/ the NCAA when you know damn well the NCAA is dying for a win vs a major program after being neutered the better part of the past 20yrs. If you're going to make it easy on them, like Miami did w/ the Cavinder twins, they're going to take their win.
The bottom line is that NIL donations can't give the donor benefits in that manner. aTm has fumblefucked their way through NIL from the beginning and I suspect that they will reverse course on this vs going head to head w/ the NCAA when you know damn well the NCAA is dying for a win vs a major program after being neutered the better part of the past 20yrs. If you're going to make it easy on them, like Miami did w/ the Cavinder twins, they're going to take their win.
SWTRefugee
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This is a pretty unique one. Kid went to Navy to play lacrosse and was on the team in 2019. Switched to football in 2020, then transferred to TCU for 2022 where he led the team in tackles and was the B12 Newcomer of the Year. NIL deal as a lacrosse ambassador for the NLL (indoor professional league) team out of Ft. Worth - Panther City Lacrosse.
https://www.panthercitylax.com/news/tcu-student-athlete-johnny-hodges-signs-nil-deal/
https://www.panthercitylax.com/news/tcu-student-athlete-johnny-hodges-signs-nil-deal/
Texas legislature set to send transformative NIL bill to governor
The biggest point of this bill is that schools would be able to deliver NIL directly to the athlete, which would eliminate a lot of the pussyfooting and tap dancing that exists today. It would also allow 3rd parties to provide benefits - like what aTm was trying to do.
The biggest point of this bill is that schools would be able to deliver NIL directly to the athlete, which would eliminate a lot of the pussyfooting and tap dancing that exists today. It would also allow 3rd parties to provide benefits - like what aTm was trying to do.
SWTRefugee
M&G Gift Contributor
aTm probably paid off legislators to push this through so they can break out the ATM.
Can we just raise student fees to fund our currently dry NIL well?
Good article. Dilfer made a great point. Although I do think that NIL will still make a difference in attracting top nothing talent vs other G5 schools. G5 coaches may have to look at JUCOs and develop some of their Strategies although there are some moral dilemas by going that route.
SWTRefugee
M&G Gift Contributor
Good.
That was always an iffy situation from the start. Although, if you own a business, that NIL-collective "donation" could be presented as a business expense in a way.
Businesses that pay student athletes to appear in print, radio and tv ads directly would still be able to deduct those expenses. It is funding a created 501(c)3 for the purpose of NIL that the IRS had an issue with. The athletes paid directly however, will incur taxable income. The IRS will get their 20-25%.
Bobcat1
Active member
The Lebron and KD methods of signing with Super teams in full effect.
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TXST04
Active member
Didn't want to create a new thread, figured this was a decent place for this topic.
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Texas State Revenue and Finances - USA TODAY
How much does the Texas State college athletic program make each year? See their entire revenue picture, including ticket sales and expenses.
t.co
EXP: $37,853,450 vs REV: $37,288,587