NIL collectives in trouble with IRS?

[Midlo Cane Fan]

Some nonprofit NIL collectives may not qualify as tax-exempt

The IRS in a memo said it has determined that the main purpose of many tax-exempt NIL collectives is to pay players instead of supporting charitable works, which would jeopardize the status of those collectives and their donations.

www.espn.com

 

[Empirical Cane]

Some nonprofit NIL collectives may not qualify as tax-exempt

The IRS in a memo said it has determined that the main purpose of many tax-exempt NIL collectives is to pay players instead of supporting charitable works, which would jeopardize the status of those collectives and their donations.

www.espn.com

All Hail John Ruiz!

 

[TheOriginalCane]

All Hail John Ruiz!

He may not be great at being the CEO of a publicly-traded company, but he sure as **** knows the law.

 

[Home Slice]

Some nonprofit NIL collectives may not qualify as tax-exempt

The IRS in a memo said it has determined that the main purpose of many tax-exempt NIL collectives is to pay players instead of supporting charitable works, which would jeopardize the status of those collectives and their donations.

www.espn.com

No problem with this. Go Canes football

 

[Tony4Canes]

 

[Canesfan1899]

The microscopic print probably says don’t worry recruits we still got bags full of oil money for you.

 

[Tony4Canes]

 

[TheOriginalCane]

Fantastic.

So the aTm pay-for-play will be funded by a couple of richie rich guys, instead of a bunch of alums and boosters and fans.

Remember when aTm and everyone else was mad at Miami over John Ruiz?

Speaking of Richie Rich, has anyone else ever noticed this...now you can't un-see it...

 

[miamicanephins]

Fantastic.

So the aTm pay-for-play will be funded by a couple of richie rich guys, instead of a bunch of alums and boosters and fans.

Remember when aTm and everyone else was mad at Miami over John Ruiz?

Speaking of Richie Rich, has anyone else ever noticed this...now you can't un-see it...


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Dude...