Photo via Sporting News In the history of amateur sports, athletes have jumped at any chance of playing in their sport’s professional league because it was the only way to profit off of their talents. Athletes are now able to profit off of their name, image and likeness (NIL), making it a true decision for... Continue Reading →
Previously, I wrote about the difficulty that international student-athletes have had with the new NIL policies that have been enacted in the United States. International athletes are not allowed to profit off of their name, image, and likeness while in the United States because of their F-1 student visa status. Their visa does not... Continue Reading →
Photo via Golfweek - USA Today Jack Nicklaus, the world’s greatest golfer, and arguably one of the best course designers, finds himself in litigation against his old business partner, Howard Milstein. In 2007, Milstein bought Nicklaus’s intellectual property and golf course design services for $145 million.[1] Milstein's business, Nicklaus Companies LLC, sued Nicklaus in May,... Continue Reading →
On Monday, Governor Kathy Hochul signed legislation that allows New York college athletes to receive compensation for their name, image, and likeness without the risk of forfeiting their scholarships or eligibility to participate in college sports. "Our collegiate student athletes are heroes on the field - and they deserve to be treated like heroes... Continue Reading →
[1] Nike Basketball announced last Monday that it has inked NIL endorsement contracts with five well-recognized high school and college basketball players including three top high school prospects – Juju Watkins, Bronny James, and DJ Wagner – and two standout women’s college basketball players — Stanford’s Haley Jones and Iowa’s Caitlin Clark.[2] In 2021, all... Continue Reading →
NIL has changed the landscape of college sports. While giving athletes the opportunity to profit from NIL while in school, there is also new opportunity in unconventional ways for athletes to be provided with financial backing and support. Most recently, an NIL collective at Penn State, called “We ARE…”, has created a model that... Continue Reading →
College athletes across the country are rejoicing about the new NIL regulations finally put into place recently that allow them to profit off their own name, image, and likeness. While this change was long overdue for college athletes, not all athletes have been lucky enough to reap the benefits of NIL. International athletes have not... Continue Reading →
In the first tax year with name, image, and likeness compensation implications, NCAA athletes must comply with both federal and state tax laws. Death, taxes, and name, image, and likeness (“NIL”) compensation. NCAA athletes are permitted to profit off their NIL. With this newly granted right, athletes must comply with the applicable United States tax... Continue Reading →