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LawoftheWest wrote: ↑Sun Apr 02, 2023 6:26 pm I read that Arch Manning, the freshman qb at Texas, received $3.7 million in NIL money. Don't know if that claim is true. He has not yet played a down. That is more money than many first year NFL players make.

I realize it will be difficult, if not impossible, to limit NIL money. After all, our society now believes that the athletes deserve every penny they get. However, schools like Texas and aTm have backers with huge resources. Oil money. They can surpass almost everyone in what they can and are willing to give the athletes. Ultimately, I believe even schools like Bama and Georgia will not have enough backers with enough money to compete in buying athletes. In my view, sad consequences of letting the NIL genie out of the bottle.

commadore wrote: ↑Sun Apr 02, 2023 8:09 pm

LawoftheWest wrote: ↑Sun Apr 02, 2023 6:26 pm I read that Arch Manning, the freshman qb at Texas, received $3.7 million in NIL money. Don't know if that claim is true. He has not yet played a down. That is more money than many first year NFL players make.

I realize it will be difficult, if not impossible, to limit NIL money. After all, our society now believes that the athletes deserve every penny they get. However, schools like Texas and aTm have backers with huge resources. Oil money. They can surpass almost everyone in what they can and are willing to give the athletes. Ultimately, I believe even schools like Bama and Georgia will not have enough backers with enough money to compete in buying athletes. In my view, sad consequences of letting the NIL genie out of the bottle.

That is more money than 93% of Americans have at retirement.

Johnmn555 wrote: ↑Mon Apr 03, 2023 1:25 am

commadore wrote: ↑Sun Apr 02, 2023 8:09 pm

LawoftheWest wrote: ↑Sun Apr 02, 2023 6:26 pm I read that Arch Manning, the freshman qb at Texas, received $3.7 million in NIL money. Don't know if that claim is true. He has not yet played a down. That is more money than many first year NFL players make.

I realize it will be difficult, if not impossible, to limit NIL money. After all, our society now believes that the athletes deserve every penny they get. However, schools like Texas and aTm have backers with huge resources. Oil money. They can surpass almost everyone in what they can and are willing to give the athletes. Ultimately, I believe even schools like Bama and Georgia will not have enough backers with enough money to compete in buying athletes. In my view, sad consequences of letting the NIL genie out of the bottle.

That is more money than 93% of Americans have at retirement.

I'm sure that figure is higher.

Ndorefin wrote: ↑Thu Apr 06, 2023 4:32 pm Is NIL money subject to taxes?

Johnmn555 wrote: ↑Mon Apr 03, 2023 1:25 am

commadore wrote: ↑Sun Apr 02, 2023 8:09 pm

LawoftheWest wrote: ↑Sun Apr 02, 2023 6:26 pm I read that Arch Manning, the freshman qb at Texas, received $3.7 million in NIL money. Don't know if that claim is true. He has not yet played a down. That is more money than many first year NFL players make.

I realize it will be difficult, if not impossible, to limit NIL money. After all, our society now believes that the athletes deserve every penny they get. However, schools like Texas and aTm have backers with huge resources. Oil money. They can surpass almost everyone in what they can and are willing to give the athletes. Ultimately, I believe even schools like Bama and Georgia will not have enough backers with enough money to compete in buying athletes. In my view, sad consequences of letting the NIL genie out of the bottle.

That is more money than 93% of Americans have at retirement.

I'm sure that figure is higher.

Versus75 wrote: ↑Thu Apr 06, 2023 4:54 pm

Ndorefin wrote: ↑Thu Apr 06, 2023 4:32 pm Is NIL money subject to taxes?

Yes, but I'm guessing many of the recipients of the forms 1099 won't know whassup and ignore the government ... for awhile.