Gwmayhem wrote:
Am curious as to whether NIL rules have changed. The original tenets were:
a) No pay for play
b) Athletes would need to do something aside from playing their sport in order to receive NIL funds. This definition could mean anything from endorsing businesses to making personal appearances to signing autographs to generating social media posts.
My interpretation was that I could earmark funds for a specific athlete or athletes, and that he/she/they would be doing something on my behalf in exchange for this.
The website seems to be asking for money in general (not towards a specific athlete) and nothing more. Am I missing something?
Two different things.
First, you can enter into a direct arrangement with a specific player for a promotion. For example, if you have a business, the player can promote your business or product or provide some other service for a fee. This would be arranged by a written agreement between you (or your business) and the specific player. The collective or coach may be able to help you arrange this.
Alternatively, you can donate to a collective generally that benefits a school's student athletes and the collective decides how the money is spread among the athletes with strong input from coaches. This can be done as a tax deductible donation or a taxable donation. There are more restrictions on the use of tax deductible funds. Now, this is the grey area where you can donate to a collective but with a wink and a nod, it is understood it is going to player X and the collective acts accordingly.
Still the Wild West out there.
Last edited by GWRising (10/10/2024 2:33 pm)
