New Georgia law legalizing college athlete endorsements also allows schools to take athletes' money
As Georgia athletes can soon make endorsement money, their schools can also take up to 75% of that money to redistribute to other athletes.
sports.yahoo.com
These types of differing rules between states could have as big of an impact on recruiting as other factors pertaining to local economy or the wealth of a fan base IMO. Again- who knows- I am not even sure this is still accurate after the NCAA changed their ruling on the matter, but this is the LAW Ga Signed in May!
All I know is if I am a star athlete with a potential to sign big NIL endorsements and UGA can take 75% of my money, but another school in a different state might take less/none? Well I think the potential impact is obvious.
Beyond that- this additional “taxation” leads to tons of additional questions.. Like how much does the school get to keep? Also- wouldn’t this incentivise players who are making these deals to try to do them “behind the back” of the schools to avoid sharing the revenu? What would the punishment be if caught? Would it not then be a crime because they would also have to hide it from the IRS..? Would the school have to set a flat amount that goes into the pool for all players, or could they say their “base rate” is 75%, “but for you Mr 5* QB who we REALLY WANT, we will only charge you 5%”??
So many questions…