" Brown noted. "In Year 3, men’s athletes took home $18.9 million, up from $6.02 million last year. Women’s sports made a significant leap in Year 3, from $154,721 to $528,184.86. However, it encompasses 3% of A&M’s total NIL earnings."...
Feb 7, 2023; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (6) celebrates with his son Bryce Maximus after breaking the all-time scoring record in the third quarter against the Oklahoma City Thunder at Crypto.com Arena. Mandatory Credit: Gary A. Vasquez-Imagn Images...
Livvy is doing OK for herself off the floor (and mat, bars, and beam). She’s ranked No.3 athlete in the country for name, image, and likeness (NIL) earnings and is the top-ranked female, according toOn3. She has a value of $3.7 million, thanks to deals with big names like Nau...
NIL compensation doesn’t affect athletic scholarships, but depending on the amount of the NIL earnings, a student-athlete may no longer qualify for need-based financial aid. Those making NIL income should talk to their school’s financial aid office to determine how that money will affect ...
Technology is Transforming NIL Earnings for Athletes Alongside the changing regulatory environment, we are also entering a new phase of technological innovation that will spawn a new market of stakeholders and businesses creating new tools, software and services around NIL in sports. We believ...
All Shilo did was declare bankruptcy eight years later to evade the charges that amounted to $11.8 million. Amidst this altercation, what suffers most other than Shilo’s reputation is that his NIL earnings are now und...
In addition to income tax, your net earnings from self-employment income are subject to self-employment tax (if you earn at least $400 a year). As a self-employed individual, you won’t have any tax withheld for Medicare or Social Security — instead, you’ll pay those taxes as self-...
The NCAA Division I board of directors recently published new guidance related to institutional involvement in a student-athlete’s NIL activities. The clarification was issued to better distinguish NIL earnings from pay-for-play earnings and help schools avoid violation of NCAA rules...
By “legitimate” I was trying to draw a distinction between NIL endorsements (like the Foster brothers signing with Mizuno) and the pay-for-play deals done by booster collectives. NIL earnings might not correlate exactly with talent, but there are plenty of athletes lacking charisma who still ...
Under IRS rules, some athletes are required to file a federal return to report self-employment income and pay federal taxes if they have net earnings of $400 or more in self-employment income from NIL deals, or if their income exceeds the standard deduction. Self-employment income of $600 ...