Banter Message Board

printem

Joined: 02/13/2006 Posts: 1626
Likes: 1199


If an athlete signs a NIL deal..is he liable for the tax value?


Does the advertiser send him a 1099 for the value of the NIL contract? Is there a morality clause in the contract to give the advertiser an out if the NIL person gets a DWI or arrested for fighting? I guess the last question would depend on if the advertiser, or their representative, was smart enough to include a morality clause in the contract. The more I think of the NIL, lawyers and accountants may be the only ones to make money.

If the NIL person is using social media, who determines the value?

I'm glad they won't be calling me for advise or explanations.
[Post edited by printem at 07/01/2021 1:36PM]

Posted: 07/01/2021 at 1:35PM



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Current Thread:
  If they have to pay taxes, is it racism? ** -- Send In The Clowns 07/01/2021 3:53PM
  That’s stop begging ism ** -- Bristol 32 07/01/2021 7:51PM
  No such thing as "fair share" with our tax code. ** -- TheDriver 07/01/2021 5:04PM
  They should have to pay taxes -- Paleales 07/01/2021 3:24PM
  What could possibly go wrong with this? -- Rational Pirate 07/01/2021 3:18PM
  Holton Ahlers -- Send In The Clowns 07/01/2021 3:57PM
  Yep ** -- Mr Juan 07/01/2021 5:05PM
  More importantly can they join the Pirate club? ** -- ultraviolet 07/01/2021 3:01PM
  Technically the PC already sponsors ECU athletes. ** -- ECPirate89 07/01/2021 4:04PM
  NIL will…. -- LJSilver 07/01/2021 2:00PM
  99.9% of these kids are gonna sorely disappointed. -- Bristol 32 07/01/2021 1:55PM

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