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A new bill proposed in the Georgia legislature aims to eliminate the state’s 5.49 percent income tax for college athletes on their NIL deals.
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College student-athletes can now profit off of their name, image, and likeness (NIL) on an interim basis as of July 1, and data indicates that student-athletes are taking afvantage of the new rules.
The latest movement in the college athlete compensation space focuses on payment for name, image, and likeness, a practice first adopted by the state of California in 2019. [1] In September 2019, Governor Gavin Newsom signed Senate Bill 206, which generally allowed student-athletes in California to accept compensation for the use of their name ...
The money is used to fund NCAA sports and provide scholarships for college athletes. $46.7M Academic Enhancement Fund; Distributed to Division I schools to assist with academic programs and services. $42.3M Division II Allocation; Funds championships, grants, and other initiatives for Division II college athletes. $39.6M Membership Support Services
Three years into the new age of college sports, where athletes are allowed to profit from their successes through name, image and likeness deals, everyone is still trying to find out what the new ...
And in 2012, more than 14,000 Georgia State students had unmet financial need, in some cases more than $15,000 a year. Despite efforts to create a more traditional college atmosphere, about three-fourths of Georgia State students still commute to campus, including many who attend part-time at night.
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 ...