NIL College Athlete Series
Since July 2021 when the NCAA opened the floodgates with its interim policy, Name, Image, and Likeness (NIL) has been a hot topic. Unfortunately, while high-profile marketing deals have been getting all the press, there isn’t much information available to help athletes and their families to navigate this new space.
We’re changing that with our NIL series – a library of resources to guide you in understanding the business side of amateur athletics. Here you’ll find an ongoing series of articles exploring what the new NIL policy means for student-athletes and the ripple effects that it's sending through college sports.
You can also listen to our special NIL podcast series – part of the Athlete Wealth Podcast – where you’ll hear from experts on everything from sports law to branding to how to successfully leverage NIL as an amateur athlete.
Like any sort of income, money earned from NIL endorsements is subject to taxes. This article discusses what your endorsement means from a tax perspective, how to structure NIL deals efficiently, and planning ahead to avoid surprises at tax time.