Frank N. Darras founding partner of DarrasLaw. How NIL Will Impact Insurance, Taxes and Other Legal Issues for Collegiate Athletes
Several bills have been introduced from both sides of the aisle in the U.S. Senate that provides a framework to monetize NIL. There is clearly an appetite for a national framework, but it is anyone's guess as to when it would or how it can be created.
December 21, 2021 at 05:00 AM
7 minute read
"If college athletes are going to make money off their likenesses while in school, their scholarships should be treated like income. I'll be introducing legislation that subjects scholarships given to athletes who choose to 'cash in' to income taxes."—North Carolina Sen. Richard Burr, 2019
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