Cashapp taxes you when you take out your money, that’s the feds cut alreadyImagine thinking it’s gonna be as easy as posting your cash app. Lmao the IRS is gonna be watching this like a hawk. I’m sure the player and school is gonna have to go through several steps to ensure the government gets their share and every dime of said likeness income is documented.
So how will this work , the player are able to sell there likeness ,how? (Tshirt, Product ,Cashapp)
Can a player just post there CASHAPP now ?
Cashapp taxes you when you take out your money, that’s the feds cut already
Stop the insanity.
1. Players have to get all NIL deals pre-approved by the NCAA.
2. Schools cannot set up NIL deals.
3. Players have to report income on tax return.
Please just stop the fantasy nonsense of Cashapp.
You maybe right ...You maybe wrong ...Stop the insanity.
1. Players have to get all NIL deals pre-approved by the NCAA.
2. Schools cannot set up NIL deals.
3. Players have to report income on tax return.
Please just stop the fantasy nonsense of Cashapp.
Wouldn't that be for other than FBS players. For instance, lower levels where scholarships aren't offered or when a player might have a partial scholarship?You maybe right ...You maybe wrong ...
College athletes also would be allowed to make money for signing autographs and for providing instruction lessons. They would be allowed to sell memorabilia once they have completed their eligibility. They also would be able to use crowdfunding sites to raise money for educational expenses that exceed the cost of attendance.
That’s the way I saw it. FBS football scholarships completely cover educational expenses.Wouldn't that be for other than FBS players. For instance, lower levels where scholarships aren't offered or when a player might have a partial scholarship?
yes, but this is going to get out of handIf ANY of this money can legitimately go to DKing from his likeness, without the NC2A (I’m a Tark fan, that was intentional) getting their panties in a wad, then we should all buy the products. We should literally all spend some money on this, support our own players and be outspoken with our support.