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  1. TheOriginalCane

    NIL and Federal Regulations

    For the record, LifeWallet puts the kids on payroll and takes all the taxes out. I've spoken to a few people in SoFla and suggested that if they were going to pay a kid, say, $12K and don't mind grossing that up, then they should pay the kid $12K, make the 1099 out for $15K, and send $3K to the...
  2. TheOriginalCane

    NIL and Federal Regulations

    Great points. It would be suicide to offer an NIL deal and then retract it after the kid signs with the school. Kids can just transfer again later, and your school would forever be on the ****e list.
  3. TheOriginalCane

    NIL and Federal Regulations

    I would just point out that the photographic and social media evidence that John Ruiz provides would give anyone a reason to question this statement. The NCAA would probably cite the chronological proximity of these meetings and the ultimate school announcement as being highly suggestive of a...
  4. TheOriginalCane

    NIL and Federal Regulations

    Good points, though Alston was about the benefits provided by the school to scholarship athletes. The funny thing is that very few schools have actually taken advantage of Alston and started providing enhanced benefits directly to the athletes. I think Miami is what, one of about 25 schools...
  5. TheOriginalCane

    NIL and Federal Regulations

    Here's a good write-up from Foley & Lardner: https://www.jdsupra.com/legalnews/ncaa-v-alston-the-beginning-of-the-end-9351737/
  6. TheOriginalCane

    NIL and Federal Regulations

    Actually, this did not happen quite that way. The Alston case involved a limitation on payment for education-related benefits. The case opened the door to schools giving more money under the financial aid packages, and doing things like the "academic achievement" monetary awards. But Alston...
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