NCAA to Allow Players to be Compensated for their Names, Likenesses, and Images

[Machinator 32097]

14 minutes ago, tx 3 putt said:

archie manning will have multiple offers of 1mil+ a year (not sure if there's a limit on NIL's ?)

NIL is definitely a major plus for us in the Arch Manning recruitment.

[tx 3 putt 76294]

6 minutes ago, Machinator said:

NIL is definitely a major plus for us in the Arch Manning recruitment.

 

how so ? he'll be offered corporate / nationwide deals 

[Machinator 32097]

2 minutes ago, tx 3 putt said:

 

how so ? he'll be offered corporate / nationwide deals 

The decision will be made based on football. NIL is just one of those things that could put us over the top.

[Machinator 32097]

 

[tx 3 putt 76294]

Just now, Machinator said:

 

 

and michigan continues to be irrelevent in college football 

 

[Machinator 32097]

 

[Machinator 32097]

[Big Frog II 511]

How long is it before we see Oregon players doing Nike commercials?

[Machinator 32097]

According to Gerry Hamilton, student-athletes who play for Nike schools can't be signed by Nike to do an endorsement deal.

[conVINCEd 21468]

7 minutes ago, Machinator said:

If all the players do is post shit in exchange for free goods and services they are going to lose a lot of their followers.  Except for the LSU gymnast.

[General Specific 3231]

If all the players do is post shit in exchange for free goods and services they are going to lose a lot of their followers.  Except for the LSU gymnast.

Wonder how that’s taxed?

[TwiceHorn 31240]

4 hours ago, Francisco 2.0 said:

You would think if an athlete endorsed something along those lines, it would be handled internally by the team, along with the university.

 

 

There is also a provision in the law that the deal can't conflict with the "team contract," so I would guess that a lot of behavior, association, and "turpitude" issues are covered there.  So yes, sort of internally.

[Machinator 32097]

 

[Barbacoa 1934]

It will take years to get this ironed out. I have a feeling its going to be very entertaining. 

[TwiceHorn 31240]

34 minutes ago, Machinator said:

 

Interesting perspective.  

I suppose this is going to be fertile ground for team chemistry issues.  Not only are some going to be better players, or favored by coaches, but some will be richer than others.  Not to mention all the "me, me, me" this engenders.

[Machinator 32097]

 

[SwAss 105]

Reggie Bush tweeting how he wants his Heisman back (though that award should have been given to Vince Young).   https://twitter.com/ReggieBush/status/1410661680334315521/photo/1

Edited July 1, 2021 by SwAss

[markstanco 12501]

38 minutes ago, Big Frog II said:

How long is it before we see Oregon players doing Nike commercials?

Have you not turned on Sportscenter today? 

I kid....but you are correct. 

[NoName 16286]

9 minutes ago, Machinator said:

 

personally, i want to know the story behind how a white dog got the name blue? those eyes don't look super blue but maybe they were then? or it got edited?

[SuperSport 1328]

Just now, NoName said:

personally, i want to know the story behind how a white dog got the name blue? those eyes don't look super blue but maybe they were then? or it got edited?

He's his boy.

[tx 3 putt 76294]

there will be new rules next year, the ncaa will needs it's cut of the action 

[SwAss 105]

Just now, tx 3 putt said:

there will be new rules next year, the ncaa will needs it's cut of the action 

Fuck the NCAA, they need to be replaced.  

[Vic Mackey 46927]

Lulz

[Machinator 32097]

 

[oldhorn2 430]

so if a player thinking of declaring for the draft signs with an agent he he declared a pro and inelligible for college play. Can he sign with an agent to help him get the best deals on this NIL stuff?

[Barbacoa 1934]

So why doesnt McCombs Ford draw up an ad contract for Campbell, Banks, Dewberry, Neto, etc. thats contingent on them signing with Texas?

[Machinator 32097]

 

[Big Frog II 511]

I think Aggies doing commercials for sheep dip is a natural.

[oldhorn2 430]

9 minutes ago, Barbacoa said:

So why doesnt McCombs Ford draw up an ad contract for Campbell, Banks, Dewberry, Neto, etc. thats contingent on them signing with Texas?

As I said earlier.....sky is the limit....and quit thinking so small....

[conVINCEd 21468]

4 minutes ago, Machinator said:

 

Brunch with the Bigs is great.  I once witnessed several OL do some serious damage at Salt Lick.

[longhrnfan 61]

I have some questions: 

1. How does this play with school licensed apparel? Can an athlete go to a licensed vendor, and get a piece of a jersey sale with his name on it that also bears the Texas logo? 

2. Will jersey sales that bear the athlete's number automatically entitle them to compensation while they are in school? 

3. What about NFTs? Can an athlete sell a picture of himself in a school jersey without the school taking their cut? 

Lots to navigate here. 

[Barbacoa 1934]

Haha at Tope trying to score some food. 

[utee94 15744]

29 minutes ago, Barbacoa said:

So why doesnt McCombs Ford draw up an ad contract for Campbell, Banks, Dewberry, Neto, etc. thats contingent on them signing with Texas?

No reason and I'm certain things like this are already in the works, and have been for several months, ever since it became obvious the NIL dominoes were going to topple.

 

[tx 3 putt 76294]

The sky is the limit 

[longhrnfan 61]

5 minutes ago, utee94 said:

No reason and I'm certain things like this are already in the works, and have been for several months, ever since it became obvious the NIL dominoes were going to topple.

 

Dont know the texas NIL law, but the florida law prohibits this. 

[utee94 15744]

2 minutes ago, longhrnfan said:

Dont know the texas NIL law, but the florida law prohibits this. 

The letters of the law probably prohibit it most places.

But once the market value for the NIL licensing rights of a 5* running back with X thousand yards last year, and Y thousand career yards, and Z TDs, for a prospect going to Texas, or Florida, or Ohio State, is established, then there won't be any way to prevent it.

Edited July 1, 2021 by utee94

[Burt Macklin 18989]

42 minutes ago, oldhorn2 said:

so if a player thinking of declaring for the draft signs with an agent he he declared a pro and inelligible for college play. Can he sign with an agent to help him get the best deals on this NIL stuff?

The law allows players to sign a licensed agent to help with NIL. 

42 minutes ago, Barbacoa said:

So why doesnt McCombs Ford draw up an ad contract for Campbell, Banks, Dewberry, Neto, etc. thats contingent on them signing with Texas?

The law forbids entering into contracts until the player is at the college, and also forbids making the compensation contingent on attending a certain school.

26 minutes ago, longhrnfan said:

I have some questions: 

1. How does this play with school licensed apparel? Can an athlete go to a licensed vendor, and get a piece of a jersey sale with his name on it that also bears the Texas logo? 

2. Will jersey sales that bear the athlete's number automatically entitle them to compensation while they are in school? 

3. What about NFTs? Can an athlete sell a picture of himself in a school jersey without the school taking their cut? 

Lots to navigate here. 

Technically, the law doesn't allow compensation for any school IP/branding.  But as TwiceHorn and I discussed, the only enforcement mechanism is the school/NCAA pulling their eligibility. So if the NCAA changes their rule to allow this, then as long as UT is on board, it could theoretically be done. But as of the letter of the law, this is not protected per the Texas law. Most other states don't have that specific provision.

3 minutes ago, utee94 said:

The letters of the law probably prohibit it most places.

But once the market value for the NIL licensing rights of a 5* running back with X thousand yards last year, and Y thousand career yards, and Z TDs, for a prospect going to Texas, or Florida, or Ohio State, is established, then there won't be any way to prevent it.

They will still be prevented from actually entering into a contract before getting to the school, and it will still be illegal to make compensation contingent on choosing that school, but yes, functionally once we've had enough years of NIL and the schools show recruits all the data, they'll have a very good idea of what they could make once they get there.

[Machinator 32097]

 

[Machinator 32097]

 

[utee94 15744]

4 minutes ago, Burt Macklin said:

will still be prevented from actually entering into a contract before getting to the school, and it will still be illegal to make compensation contingent on choosing that school, but yes, functionally once we've had enough years of NIL and the schools show recruits all the data, they'll have a very good idea of what they could make once they get there.

And in the meantime, back-channel communications will take care of the information gap.  

[LonghornSean 3941]

 

[Tex Long 4342]

29 minutes ago, tx 3 putt said:

The sky is the limit 

Only partially. There is a limit on the bottom side of the sky, but the top side goes all the way to the edge of Universe, assuming Universe is real, quantumly speaking.

[TreatyOak 16148]

[ouflak 60]

Quote

The IRS looking at all these NIL deals being made by people who aren’t taught how to properly file taxes

I was never taught how to pay taxes. Got my first paying job when I was eighteen, got the forms, filled them in, sent them off. * shrug * You make money, you pay taxes. NIL or no, that's just life. Is she implying that just because somebody is black and young that they are too stupid to file a tax form? Because I would be happy to meet with her in person to dispel that myth.

[Beau Vine 53978]

3 hours ago, Blotto said:

But worse in a sense. the NFL has salary caps to keep a semblance of parity. NIL bidding wars combined with the transfer portal will  drastically alter cfb, and not for the better.

Yeah, I'm really worried that this is going to mess with the incredible competitive balance the CFB enjoys, and a small group of elite schools will get all of the best recruits.

[Nope 3111]

Can HS recruits profit off NIL too? Or will the UIL play fun police?

[Beau Vine 53978]

 

[Dr Fear 1265]

34 minutes ago, Beau Vine said:

 

That is fantastic, I had no idea this existed.  There may be some child endangerment issues with using a kid as a canary in a coal mine for custom pharmaceuticals though.

[27-25 2040]

2 hours ago, SwAss said:

Reggie Bush tweeting how he wants his Heisman back (though that award should have been given to Vince Young).   https://twitter.com/ReggieBush/status/1410661680334315521/photo/1

Fuck Reggie Bush.

And concerning other posts that bring up the tax angle and whether the kids will be able to navigate it, it's an entirely different world than most of us were exposed to with our first job.  Taxes get withheld by the store you work for.  You file, 1040EZ for the win, to get a refund.  That's easy as it gets, IRS wise.

I'm 54 and have navigated taxes for decades.  What exactly are the tax implications for an individual receiving lots of free stuff for a tweet or post?  I'm sure there is one, but I have no idea how to file that.  Some 18 year old kid likely doesn't as well.  The can of worms has been opened and UT, and other schools, had best be prepared to help the student athletes navigate this minefield or there may be some ineligible players next season for reasons we had not seen up to this point.

[Dark Horse 2263]

All of this is equally awesome and hilarious.