States move to lift barriers between college athletes, NIL

[Jason Svoboda]

States move to lift barriers between college athletes, NIL

Lawmakers in Arkansas, Texas and elsewhere are working to remove barriers between college athletes trying to cash in on their fame and the schools for which they play as administrators discover the benefits of moving athlete compensation activities in-house.

apnews.com

 

[Jason Svoboda]

“The universities want to be more involved in the NIL process and some of the current NCAA rules don’t allow them to do that,” said Mit Winter, a sports business attorney based in Kansas City. “And so the state laws are just affirmatively saying that schools in these states are allowed to do certain things, despite what the NCAA rules may say.”

Well that didn't take long.

 

[4Q_iu]

Well that didn't take long.

Schools need to release the amount each player, scholie or walk-on is receiving; an easy method is to post each player's university-issued 1099; this ensures the lil' pishers payoffs, receipts are reported to the IRS.

IRS currently has 21 versions of the 1099, one of the current ones should suffice but if not, create a 22nd

 

[Jason Svoboda]

Schools need to release the amount each player, scholie or walk-on is receiving; an easy method is to post each player's university-issued 1099; this ensures the lil' pishers payoffs, receipts are reported to the IRS.

IRS currently has 21 versions of the 1099, one of the current ones should suffice but if not, create a 22nd

A lot of coaches are advocating for this very thing since they know what guys are getting and it isn't what is being floated in the ether. Definitely favor this as well... if we're going down this path, do it in a transparent manor to make the system as sound as possible. Need to remove the heresey layer.