We aware we just gave 800k to a bball player?

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We got more money than Quaker has oats...
Pick Up Money GIF by DaBaby
 
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The point is “we” as in Miami didn’t give Nijel Pack a first team all conference player anything. If a local business man wants to give a really good player money to promote his product? Better Pack than a Tiktoker.

Unless you’re a tiktoker who look like the Cavinder twins.
Corrected
 
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Tax experts in the room: can the NIL funds be written off on taxes as a business expense?
Sure. NIL is connected to some marketing/advertising that the player provides. The business is paying for the player’s name, image and likeness, not paying money to a salaried employee. As such, everything paid to the player is a marketing/advertising expense.
 
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I think life wallet has become a collective of companies and these announcements are multiple deals not 1 company paying out the entire $400k yearly.
 
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