Schools Now Can Pay Athletes Directly

[PlanoStang]

Maybe we could find some lawyers to find some non statute of limitations regulated issues to sue the NCAA for damages related to rules which were eventually decided were unconstitutional

[well travelled pony]

Players are taxed based upon where they play. So i when we play Cal or Stanford, our athletes are taxed based upon the pro rata income attributable to that away game. A good CPA would of course attribute the lion's share of income to TX based upon practices, film study, as well as games on campus.

You’re correct about CA, where a single day of work is taxable. I know NY though only trades you after a certain number of days are worked in state. Not sure if that also applies to athletes, though, whether pro or NIL.

The answer is yes, pro athletes have to deal with this issue of taxes and the states involved where the athletes play games. I work in the entertainment industry, and deal with this myself. In 2022, I worked in CA, MD, OK, NM, and CO. State taxes for all were filed.

[DallasDiehard]

I might have this wrong and feel free to enlighten.
It seems to be a salary cap of $20 m for each school per year.
The school decides who gets the money and must work within title IX
Currently NIL money is taxable.
This new found money must be taxable as well.
All away games will be subject to state tax. Just like the NBA and NFL away game.
No way is a state not going for its share.

I would suspect the jumping to another school every year would subside if there is a salary cap. A university can only offer up to the limit.

Another worry for the colleges is employee status. Medical coverage, saving programs (403b), social security taxes, unemployment taxes. And “UNIONS”. NFL, NBA, MLB have unions. Why not minor league college sports.

The taxable point is interesting. Advantage to Texas schools (and a few others in states without income tax)?

That was what came to my mind right away. It will be interesting to see if schools in Texas, Tennessee, Washington and Florida and other places without income taxes start pulling in better players across the board.

"Sure, you could go to UCLA, or you could come to SMU. California's state income tax is 13.3%, and the cost of living is substantially higher."

If I'm a recruit (or a recruit's parent), that's a pretty compelling case.