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How to fix NIL in NCAA
Posted on: May 3, 2022 at 22:28:50 CT
KCT-BoneTiger MU
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1. Let the schools officialling work with corporations, collectives, etc...
several states are already amending or repeal their own NIL laws to allow this to happen, including Tennessee, Florida, Kentucky, Virgina, Alabama: http://www.knoxnews.com/story/sports/college/university-of-tennessee/2022/04/26/tennessee-nil-law-allows-colleges-facilitate-payments-vols-vanderbilt-memphis/7423300001/
2. Enforce NCAA rules against donors, boosters, companies that prohibit those donors/boosters/companies from contacting transfer portal athletes and high school recruits with NIL deals. All NIL deals must be monitored, documented, and taxed, etc.. with the exception in-kind non-monetary exchanges with a limit; ex: meals, personal clothes, things for personal consumption up to X amount of $
3. NIL collective groups can still announce and execute deals in advance of a student athlete being recruited, such as: every O-lineman that ends up playing at X school can receive $50,000 in NIL money for appearances, autograph signings, endorsements, whatever off their NIL; however, these deals cannot be signed; nor can the collective be in contact with recruit/transfer until they have signed and enrolled in that university.
In other words, student-athletes should be able to make money off their name, image and likeness, just not be directly enticed to sign with a school on the contingency of a deal. And if that is rule is broken, major fines/penalties
Edited by KCT-BoneTiger at 22:28:59 on 05/03/22
several states are already amending or repeal their own NIL laws to allow this to happen, including Tennessee, Florida, Kentucky, Virgina, Alabama: http://www.knoxnews.com/story/sports/college/university-of-tennessee/2022/04/26/tennessee-nil-law-allows-colleges-facilitate-payments-vols-vanderbilt-memphis/7423300001/
2. Enforce NCAA rules against donors, boosters, companies that prohibit those donors/boosters/companies from contacting transfer portal athletes and high school recruits with NIL deals. All NIL deals must be monitored, documented, and taxed, etc.. with the exception in-kind non-monetary exchanges with a limit; ex: meals, personal clothes, things for personal consumption up to X amount of $
3. NIL collective groups can still announce and execute deals in advance of a student athlete being recruited, such as: every O-lineman that ends up playing at X school can receive $50,000 in NIL money for appearances, autograph signings, endorsements, whatever off their NIL; however, these deals cannot be signed; nor can the collective be in contact with recruit/transfer until they have signed and enrolled in that university.
In other words, student-athletes should be able to make money off their name, image and likeness, just not be directly enticed to sign with a school on the contingency of a deal. And if that is rule is broken, major fines/penalties
Edited by KCT-BoneTiger at 22:28:59 on 05/03/22
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How to fix NIL in NCAA - KCT-BoneTiger A - 5/3 22:28:50