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One impact on student athletes would be that their athletic scholarships would be subject to income tax. Additionally, student athletes would have to navigate varying state taxes. Some critics argue that because of these complications, student athlete compensation wouldn't be beneficial overall.
Finally, the few college athletes earning millions from NIL may benefit from setting up an LLC to report income on Schedule C of their tax returns, which allows them to deduct other expenses, like ...
The deal would set aside nearly $2.8 billion in backpay to thousands of current and former college athletes while also setting up a system that would allow schools to pay up to $20 million per ...
Some top-level college athletes can make a significant amount of money without ever playing at the professional level of their respective sport. A study by Action Network highlighted the most ...
Every student-athlete is not going to become a professional athlete, but they are guaranteed a college education and degree to help them graduate with little or no debt via their scholarships. [80] If universities start paying student-athletes, the universities would not be focused on what the student-athletes are attending for, which is the ...
In determining levels of student engagement among college student athletes, methods of comparison between student athletes and non-athletes, females and males, NCAA divisions and revenue generating and non-revenue generating sports have proven helpful. Some researchers believe that differences in how non-athletes and student athletes perceive ...
A settlement being discussed in an antitrust lawsuit against the NCAA and major college conferences could cost billions and pave the way for a compensation model for college athletes.. An ...
College sports yield indelible moments that unite campuses and provide a path to a quality higher education for thousands of students who might otherwise not be able to afford it. Many of the people we interviewed, including legendary coach Bill Curry, have devoted their careers to college athletics — but worry that too many schools are ...