A bipartisan group of senators has introduced a bill that seeks to protect college athletes. Sens. Cory Booker (D-N.J.), Richard Blumenthal (D-Conn.) and Jerry Moran (R-Ks.) announced on July 20 a bill that would have criteria surrounding an athlete’s name, image and likeness (NIL). NILs have been a trend for the past few years as…
Deducting the Cost of My School’s New Quarterback
Commentary Since 1987, taxpayers have been denied charitable deductions for contributions to their university’s athletic department if the taxpayer receives the right to purchase tickets, preferred seating, etc. Until 2021, no university athletes were allowed to be paid by donors to play sports. Athletic scholarships to athletes to play sports were and are not taxable….
NCAA Rewrites Constitution, Sets Stage for Transformation
The NCAA is setting the stage for a dramatic restructuring of college sports that will give each of its three divisions the power to govern itself. Approval of a new, streamlined constitution is expected in January with minimal consternation or conflict. The next phase of the NCAA’s transformation figures to be more difficult: A reshaping…
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