Your First NIL Check: What to Do Before You Spend It For many student-athletes, getting that first Name, Image, and Likeness (NIL) check is an exciting milestone. It’s validation of your hard work, talent, and brand. But before you rush out to celebrate, it’s important to pause and think strategically. How you handle this first […]
Real-World Examples and Lessons The NIL era has created incredible opportunities for student-athletes, but it has also introduced new risks. Contracts can be filled with hidden traps, vague terms, and one-sided obligations. Without legal guidance, athletes can find themselves locked into unfair deals that hurt both their eligibility and their long-term brand. Attorneys specializing in […]
Credentials, Experience, and Questions to Ask The Name, Image, and Likeness (NIL) era has given student-athletes the chance to profit from their talent and personal brand. But every opportunity comes with legal complexities—contracts, compliance rules, intellectual property, and tax considerations. That’s why choosing the right NIL attorney is one of the most important decisions an […]
When you start earning money from Name, Image, and Likeness (NIL) deals, it’s tempting to put your earnings into whatever sounds exciting—maybe a single stock, a friend’s business idea, or even crypto. But smart investing isn’t about betting everything on one option. It’s about spreading risk. That’s where diversification comes in. Just like in sports, […]
With the recent NCAA rules allowing Name, Image, and Likeness (NIL) earnings, student-athletes face new and exciting financial opportunities. However, managing these earnings involves substantial tax responsibilities. Here’s exactly what your Certified Public Accountant (CPA) needs to know about your NIL deals to help manage your taxes effectively. Sources of Income Clearly outline all sources […]
Navigating the Legal Maze When Name, Image, and Likeness (NIL) became a reality, student-athletes gained new opportunities to profit from their talent and hard work. But with those opportunities came a patchwork of rules and regulations that can be difficult to navigate. Between state laws, NCAA guidelines, and university-specific policies, staying eligible requires more than […]