i saw somewhere a group had already setup a charitable entity for some NIL deals. I think this is how it needs to go. why would i give money to a profit making entity for NIL funding?
and school athletics budgets will suffer as (former?) 'boosters' pour funds into 'marketing' schemes to bring in players. i think it makes sense is for the funding apparatus to be charitable somehow. you can deduct up to 100% of charitable gifts off your AGI. so by making the fund that pays the NIL charitable, you the donor, gets more bang for your buck.
the players can do spots and events for fund's(read donor's) chosen charity. nothing says i cant pay rattler et al $100K as a talent fee for a spot for the red cross, etc. then the cost of producing the commercial can become a gift to the red cross.
irs challenge to the market value of the spot...well guess what, kids all over will be getting paid like this and the argument is "that is what big time college players get these days for endorsements etc".
i dunno. but some kinda version of this is going to win out in the NIL world imho.
and school athletics budgets will suffer as (former?) 'boosters' pour funds into 'marketing' schemes to bring in players. i think it makes sense is for the funding apparatus to be charitable somehow. you can deduct up to 100% of charitable gifts off your AGI. so by making the fund that pays the NIL charitable, you the donor, gets more bang for your buck.
the players can do spots and events for fund's(read donor's) chosen charity. nothing says i cant pay rattler et al $100K as a talent fee for a spot for the red cross, etc. then the cost of producing the commercial can become a gift to the red cross.
irs challenge to the market value of the spot...well guess what, kids all over will be getting paid like this and the argument is "that is what big time college players get these days for endorsements etc".
i dunno. but some kinda version of this is going to win out in the NIL world imho.
