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High school athletes, who are minors, may be on the hook for any unpaid taxes from NIL deals once they become adults if their parent or guardian hasn’t paid taxes on that income.
Some high-school athletics associations subsequently adjusted their rules to allow high-school athletes to sign NIL deals while retaining their athletic eligibility. For example, the Oregon School Activities Association approved student NIL deals on October 10, 2022, [ 26 ] leading to a local apparel company signing two Oregon Ducks basketball ...
An estimated $1.67 billion was spent in 2024 on student-athletes, according to a report from Opendorse, an NIL tech company. Nearly all of that was for men's sports, including $1.1 billion spent ...
By contrast, athletes, entertainers, and social media influencers are typically considered as contractors who are self-employed and receive a 1099 tax form documenting their income.
The first academic support center for athletes was founded at the University of Iowa State and this was a major problem because top athletes were ill-prepared for college. Academic fraud began to come into the picture after the realization that a large percentage of student-athletes were not academically fit to perform.
The National Center for Educational Statistics reports that student athletes have a 20% higher chance of completing a college degree, and are more likely to be employed and in better health than non-athletes. [48] However, a survey of high school athletes in 2006 showed that high school athletes are more likely to cheat inside of the classroom ...
The NIL revolution: An occasional Star Tribune series starts today, examining how the name, image and likeness era is transforming college sports. The first story: Understanding NIL and how ...
Reporter’s Note. Take Our College Sports Subsidy Data. SUNDAY, NOV. 15, 2015, 8:00 PM EDT