NIL Collective

[BostonWu]

While the alumni base isn't as big, the business base is much bigger than many schools, including many P5 schools. That is potentially a big advantage.

Big business isn't likely to fuel the NIL market.

[Downtown Shocker Brown]

Big business isn't likely to fuel the NIL market.

Big as in Stock Market big, yes.

There are quite a few Big Sole Proprietorship’s that are expending large amounts of money in NIL. Oil and Gas firms, Wal-Mart groups, etc.

The initial returns show little to no return, and overall not a huge lift in in field performance.

It will be interesting to see how this evolves.

[BostonWu]

Big as in Stock Market big, yes.

There are quite a few Big Sole Proprietorship’s that are expending large amounts of money in NIL. Oil and Gas firms, Wal-Mart groups, etc.

The initial returns show little to no return, and overall not a huge lift in in field performance.

It will be interesting to see how this evolves.

I'll believe it when I see results

[Atxshoxfan]

Big business isn't likely to fuel the NIL market.

I see an opportunity for Adidas, Nike and others to get low cost multi-year deals with college kids who have the potential of being big names in their field. Put a freshman on a 6-8 year endorsement deal for 50k /yr vs. wait until proven and pay millions .

[1972Shocker]

Big as in Stock Market big, yes.

There are quite a few Big Sole Proprietorship’s that are expending large amounts of money in NIL. Oil and Gas firms, Wal-Mart groups, etc.

The initial returns show little to no return, and overall not a huge lift in in field performance.

It will be interesting to see how this evolves.

NIL already has evolved pretty rapidly IMO, with the name, image and likeness BS just a smokescreen for pay for play.

[Downtown Shocker Brown]

NIL already has evolved pretty rapidly IMO, with the name, image and likeness BS just a smokescreen for pay for play.

Plus they are unregulated recruiting wise. Kids in HS phone calls all night. Kids in schools getting messages and dollar amounts flashed in front of them.

There no regulations on it at this time.

[pogo]

Couldn't mow yesterday because of the rain storm that left everything too wet so I had time to think about NIL and what could be done to improve its monetary worth. When Wichita University was admitted to the BOR Regents system part of the agreement was there would be a mill levy to help finance its membership in the BOR. Just wondering if that mill levy was still in effect? I was also wondering I noticed that after a couple of road trips (one for baseball and two others for basketball this year) there were misc fees and taxes on my room bill. My question is does local and/or state government attach these fees? If local could the city add a fee to room rates to subsidize a NIL cooperative to benefit WSU Athletics? Perhaps a 5% fee per day. This would place no additional burden on the local population but would be funded by those weary travelers visiting Wichita. WSU has brought thousands of students to the Wichita area which benefits many business and property owners and adds to the local economy. I would imagine that there are hundreds of business types that come to Wichita to visit the companies that populate the Innovative campus. Is it reasonable to expect a little Quid pro Quo? I have tried to ascertain the occupancy rates of the Wichita area Hotels but have been unable to determine the daily average. Is it reasonable to assume that at any one time there are an average of 1'000 rooms being occupied at say a $100.00 per day? That would be $5,000.00 dollars a day added to a NIL collective almost 2 mil a year. This is only a Monday rain delayed thought process of someone with maybe too much time on his hands but could this be a way to fund an NIL without burdening the local tax base?

[Kung Wu]

Couldn't mow yesterday because of the rain storm that left everything too wet so I had time to think about NIL and what could be done to improve its monetary worth. When Wichita University was admitted to the BOR Regents system part of the agreement was there would be a mill levy to help finance its membership in the BOR. Just wondering if that mill levy was still in effect? I was also wondering I noticed that after a couple of road trips (one for baseball and two others for basketball this year) there were misc fees and taxes on my room bill. My question is does local and/or state government attach these fees? If local could the city add a fee to room rates to subsidize a NIL cooperative to benefit WSU Athletics? Perhaps a 5% fee per day. This would place no additional burden on the local population but would be funded by those weary travelers visiting Wichita. WSU has brought thousands of students to the Wichita area which benefits many business and property owners and adds to the local economy. I would imagine that there are hundreds of business types that come to Wichita to visit the companies that populate the Innovative campus. Is it reasonable to expect a little Quid pro Quo? I have tried to ascertain the occupancy rates of the Wichita area Hotels but have been unable to determine the daily average. Is it reasonable to assume that at any one time there are an average of 1'000 rooms being occupied at say a $100.00 per day? That would be $5,000.00 dollars a day added to a NIL collective almost 2 mil a year. This is only a Monday rain delayed thought process of someone with maybe too much time on his hands but could this be a way to fund an NIL without burdening the local tax base?

Intriguing!

[shoxlax]

Couldn't mow yesterday because of the rain storm that left everything too wet so I had time to think about NIL and what could be done to improve its monetary worth. When Wichita University was admitted to the BOR Regents system part of the agreement was there would be a mill levy to help finance its membership in the BOR. Just wondering if that mill levy was still in effect? I was also wondering I noticed that after a couple of road trips (one for baseball and two others for basketball this year) there were misc fees and taxes on my room bill. My question is does local and/or state government attach these fees? If local could the city add a fee to room rates to subsidize a NIL cooperative to benefit WSU Athletics? Perhaps a 5% fee per day. This would place no additional burden on the local population but would be funded by those weary travelers visiting Wichita. WSU has brought thousands of students to the Wichita area which benefits many business and property owners and adds to the local economy. I would imagine that there are hundreds of business types that come to Wichita to visit the companies that populate the Innovative campus. Is it reasonable to expect a little Quid pro Quo? I have tried to ascertain the occupancy rates of the Wichita area Hotels but have been unable to determine the daily average. Is it reasonable to assume that at any one time there are an average of 1'000 rooms being occupied at say a $100.00 per day? That would be $5,000.00 dollars a day added to a NIL collective almost 2 mil a year. This is only a Monday rain delayed thought process of someone with maybe too much time on his hands but could this be a way to fund an NIL without burdening the local tax base?

That was impressively thought out for a MARINE. How about a Kansas Lottery NIL scratch ticket where a percentage is to be disbursed amongst all regent and public two year schools?

[WuDrWu]

That was impressively thought out for a MARINE. How about a Kansas Lottery NIL scratch ticket where a percentage is to be disbursed amongst all regent and public two year schools?

Now THAT'S thinking outside the box.

[Kel Varnsen]

That was impressively thought out for a MARINE. How about a Kansas Lottery NIL scratch ticket where a percentage is to be disbursed amongst all regent and public two year schools?

50/50 raffle. Royals and Chiefs do it all the time.

[Kung Wu]

How about a Kansas Lottery NIL scratch ticket where a percentage is to be disbursed amongst all regent and public two year schools?

Genius.

[SubGod22]

ESPN - Some nonprofit NIL collectives may not qualify as tax-exempt

The rapidly expanding landscape of nonprofit, donor-backed collectives paying college athletes to promote charities has been hit with a potentially seismic disruption.

A recent 12-page memo from the Internal Revenue Service determined that, in many cases, such collectives may not qualify as tax-exempt if their main purpose is paying players instead of supporting charitable works.

If the collectives aren't tax-exempt, the donations they collect that are used to pay quarterbacks, point guards and pitchers may not be, either.

"There's a high likelihood we will cease operations, within the next period of months," said Gary Marcinick, founder of the Cohesion Foundation, a collective formed to connect Ohio State athletes with charities for name, image and likeness (NIL) promotional deals. "In our space, we are donor driven. ... It's not only a game changer, it's a game ender, I think, in the vast majority of cases."

This could get interesting for some of these collectives.

The nonprofit model was an attractive option for some donors and entrepreneurs, who tout such things as appearances at sports camps and fundraisers and social media promotions for select charities. There are an estimated 80 such collectives.

Charities gained exposure from star athletes who earned money. And donors got the promise of a tax-deductible donation.

According to the IRS, those collectives already granted tax-exempt status don't lose it as a result of the June 9 memo. But it does lay out new guidelines for how they are expected to operate if they want to keep it.

"These collectives may face future examinations or enforcement action by the IRS," the agency said without elaboration.

"The big question is whether this memo will spook donors enough that they will no longer want to donate to nonprofit collectives, and schools enough that they tell donors not to donate to them," said Mit Winter, a sports law attorney in Kansas City, Missouri, who tracks issues in the college athlete marketplace.

[WstateU]

ESPN - Some nonprofit NIL collectives may not qualify as tax-exempt



This could get interesting for some of these collectives.

It's going to get stinky...

[1972Shocker]

This is pretty much a no brainer for the IRS. And basically gives them a list of audit targets to work with. Audit the collectives and then audit the donors to see if they are deducting contributions. Easy, peasy as these audits can be conducted by mail, and largely automated.

These tax-exempt collectives could challenge this in court but they will lose in my opinion.

If I was the IRS I would put Agent Gary Shapley on the case.