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    College football news 2022: What is NIL, players getting paid, 11m deal for high school junior Year 11, recruiting

    A promising college football recruit could receive up to $8 million ($10.96m) for three years at school, in a sign the sport is entering a much-needed new era.

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    the athletic reports that a five star recruit in the class of 2023, a high school junior, or what we would call a year 11 student, has signed an agreement whereby You will be paid $350,000 ($483k) immediately, with monthly payments amounting to more than $2 million a year.

    Reading: Highest-paid college football players 2021

    All of that will come in exchange for the player making public appearances and appearing in promotions on social media.

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    It’s all part of a generational change in college sports, with athletes now able to sell their name, image and likeness rights (zero).

    For decades, college sports have been one of the last bastions of amateurism, much like tennis before the grand slam era. players could be compensated with scholarships and some minor cost-of-living payments, but that was it.

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    a growing consensus agreed that this was unfair. after all, college football players in particular are part of a multi-million dollar company, and yet they weren’t receiving those profits. the best schools raise tens of millions of dollars and are engaged in an endless facilities arms race, building completely ridiculous locker rooms because, well, what else are they going to spend the money on? pay the players? of course not.

    College sports itself, represented by the ncaa’s governing body, argued that allowing players to be paid was an “existential threat.” that if athletes weren’t just for the love of the game, it could destroy the very core of the industry.

    few agreed with this argument, and in major sports it was an argument belied by the truth, which is that the best athletes have already found ways to get paid under the table. Just like legalizing marginal activities in society, it turns out that when you regulate them, it’s healthier both for those who participate in them and for the governing body.

    nil does not allow direct payments to players, but allows popular athletes to benefit from their fame; gymnasts with huge tiktok followers who appear on billboards, unknown soccer players who make winning moves and make quick money a week later.

    Overall, this has been positive. only the best college athletes can cash in on their fame at the pro level, and in a lot of sports that’s not possible even if you’re at the championship level, because there’s just no money in rowing, or amateur wrestling, I mean whatever your code.

    There is always a gray area, as you would expect when you trust the free market.

    In the anonymous case of the $11 million high school student, there are questions about exactly how the money will reach him.

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    Typically, college boosters (wealthy donors) give money directly to the school, which is considered a charitable donation because the schools are designated as non-profit organizations. As you may know, the rich love to find ways to minimize their tax burden, and this is one of them.

    but a null deal is supposed to be a business expense; he’s hiring his school’s star quarterback to promote his energy drink on instagram, or whatever. therefore, that payment is not tax deductible.

    There are concerns about schools creating null collectives that identify themselves as charities; these organizations raise money and give it to athletes, who then work with charities. so the money goes from the donor to the athlete, but is it a charitable donation or just a null deal with a different jersey?

    “I guess the big problem here is… funding students directly, by itself, is not a charitable purpose. you can raise money for student scholarships, and that could be a charitable purpose… but you couldn’t exist as a charity with just the function of funding students,” ohio state university professor brian mittendorf told extra bulletin points.

    “To maintain 501c3 status, you, as a charity, must have a charitable purpose. making a null deal, almost by definition, is not a charitable purpose; that’s a market exchange.”

    With the null industry not even a year old, there are questions about whether the US tax agency, the IRS, will end up getting involved, both with the organizations and the players themselves.

    everything is very messy and probably needs a cleanup. but in the end, it’s allowing players to finally be compensated for their work, in a way most of them never were.

    See also: Football Outsiders Glossary | Football Outsiders

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