Describe your contributions to the NIL

[Armchair Strategies]

I was just on the site preparing to set up a monthly donation but their is no comment section available. There is name, email, CC# and billing address but no comment section.

Shoot us an email at info@armchairstrategies.com with the details of your donation.

Thanks,

[Shockm]

It sounds like the U.S. Congress might get involved in the NCAA Wild West. I think the NCAA is seeking reforms, and they are incapable of doing it themselves, plus some of the less "RICH" Schools Athletic Director's are asking Congress for help. I saw one story that says that the Washington State AD was asking for involvement.

John Ruiz spent over $5 Million last year all by himself at Miami University. They have a $10 Million NIL program set aside for athletes.

Athlete NIL deals face congressional reforms as NCAA demands oversight

by Jeremiah Poff, Education Reporter
March 29, 2023 03:41 PM

A panel of collegiate athletics stakeholders and experts testified before a House subcommittee Wednesday, with the majority urging Congress to enact a national standard for name, image, likeness deals for college athletes.

The Wednesday House Energy and Commerce Committee's subcommittee on Innovation, Data, and Commerce featured testimony from Patriot League commissioner Jennifer Heppel, Virginia State University president Makola Abdullah, former NFL player Trey Burton, Florida State University softball player Kaley Mudge, Washington State University athletics director Pat Chun, and College Football Players Association executive director Jason Stahl.


https://www.washingtonexaminer.com/n...ncaa-oversight

[WstateU]

Have I missed any NIL news this week? I've kinda been out of pocket.

[SubGod22]

Yes, you can contribute to a specific sport. You will need to add that in the comment section of your donation.

I was just on the site preparing to set up a monthly donation but their is no comment section available. There is name, email, CC# and billing address but no comment section.

[WstateU]

I think they teased another announcement today.

[Stickboy46]

I think they teased another announcement today.

[Shocktoberfest]

We might live in a different world if Pony Sports (SMU) existed for Eric Dickerson.

[1972Shocker]

Contemplating what I am realistically able to do considering the overall demands on my pocketbook which currently are excessive.

[Kung Wu]

We need a WSU collective to start an endowment.

[shoxlax]

Fattest collectives:

https://www.on3.com/nil/news/on3s-to...l-collectives/

[shoxlax]

Some squishy language in here. Wonder how many collectives are riding a thin line?

https://www.taxpayeradvocate.irs.gov...l-collectives/

[shoxlax]

So wbat are you supposed to get from Armchair when you donate in form of regular correspondence or transparent allocations?

[wsu789]

If you are truly interested in the question about why SASO donations are no longer tax deductible, here is an article that discusses the issue. It was published shortly before the change in the law but adequately explains it. The short, high-level answer is that the deduction was removed if you received ticket access. I believe you could still donate to athletic scholarships without receiving the right to purchase tickets at a certain level and receive a deduction. I'm glad Armchair answered ABC's question; I would have been surprised if those donations were deductible.
https://blog.case.org/2018/01/26/the...letic%20events.

[Armchair Strategies]

I've asked this directly to Armchair and posted this question on here and not sure I have an answer. Can a contribution be directed to a specific athlete or sport?

Also, I am not understanding how these are tax deductible? I do find it interesting that I've left two questions with Armchair. I am trying to figure out how much to contribute and haven't heard back.

Yes, you can contribute to a specific sport. You will need to add that in the comment section of your donation. Donations to Armchair Strategies LLC are NOT tax deductible. Armchair set up Shockers Helping Others X-cell (SHOX) as a 501c3 (tax deductible). Anyone looking for a tax deduction should reach out to info@armchairstrategies.com.

Thanks,

[Atxshoxfan]

If that’s the case can’t you pay the players directly for attendance to a party, like you would a band, and just make sure it goes through the proper channels?

I would think that if you had a business and called it a meeting, it would be tax deductible as a business expenses.