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<blockquote data-quote="Tommy_Taylor_1972" data-source="post: 997680" data-attributes="member: 6776"><p>The recent NCAA rules of governing NIL activity looks to me like they are trying to have more transparency in both schools and athletes knowing the NIL valuation of a student and to assist the student regarding NIL, after they are enrolled. With the recent recruiting violation cases being investigated by the NCAA, they are clamping down on NIL for recruitment. The link <a href="https://www.ncaa.org/news/2024/1/10/media-center-division-i-council-approves-nil-disclosure-and-transparency-rules.aspx" target="_blank">https://www.ncaa.org/news/2024/1/10/media-center-division-i-council-approves-nil-disclosure-and-transparency-rules.aspx</a> describes the decisions made in a Jan 10 NCAA committee meeting. Tech is in its third NIL now</p><p></p><p>The NIL "for-profit" company for which The Tech Way serves as a collective and collects contributions from school fans and alumni, is SANIL (Student Athlete NIL), as mentioned in the email address by Augusta Jacket. SANIL does all the business stuff for our collective, like finding deals and cutting contracts between businesses and athletes. 85% of their revenue goes to the student athletes, according to their website <a href="https://studentathletenil.com/" target="_blank">https://studentathletenil.com/</a> . They are one of the two leading NIL companies that serve NCAA college collectives. the other being Blueprint, who is a 501(c)(3) company. Blueprint is recognized as such because they have within their company a charitable organization that meets IRS rules justified by allowing athletes to earn money talking to other charitable organizations such as police and fire departments or boy scouts. As well, there are a few interdependent collectives throughout the country. A good comparison between SANIL and Blueprint NILs can be read at <a href="https://www.sportico.com/leagues/college-sports/2024/blueprint-sports-nil-collective-nonprofit-1234761748/" target="_blank">https://www.sportico.com/leagues/college-sports/2024/blueprint-sports-nil-collective-nonprofit-1234761748/</a> . It mentions IRS's concerns for NIL non-profits as doing charity work. The NCAA D1 committee in their January 2024 meeting approved most of the recommendations of the July 2023 D1 committee meeting on NIL governance. <a href="https://www.ncaa.org/news/2023/10/3/media-center-di-council-introduces-proposals-to-boost-student-athlete-nil-protections.aspx" target="_blank">https://www.ncaa.org/news/2023/10/3/media-center-di-council-introduces-proposals-to-boost-student-athlete-nil-protections.aspx</a></p><p></p><p>The Tech Way is the third collective for Georgia Tech. The first two were independents collectives and it was published that the last one donated the last of their collections of over $10,000 to the Alexander Tharpe fund before they closed shop.</p></blockquote><p></p>
[QUOTE="Tommy_Taylor_1972, post: 997680, member: 6776"] The recent NCAA rules of governing NIL activity looks to me like they are trying to have more transparency in both schools and athletes knowing the NIL valuation of a student and to assist the student regarding NIL, after they are enrolled. With the recent recruiting violation cases being investigated by the NCAA, they are clamping down on NIL for recruitment. The link [URL]https://www.ncaa.org/news/2024/1/10/media-center-division-i-council-approves-nil-disclosure-and-transparency-rules.aspx[/URL] describes the decisions made in a Jan 10 NCAA committee meeting. Tech is in its third NIL now The NIL "for-profit" company for which The Tech Way serves as a collective and collects contributions from school fans and alumni, is SANIL (Student Athlete NIL), as mentioned in the email address by Augusta Jacket. SANIL does all the business stuff for our collective, like finding deals and cutting contracts between businesses and athletes. 85% of their revenue goes to the student athletes, according to their website [URL]https://studentathletenil.com/[/URL] . They are one of the two leading NIL companies that serve NCAA college collectives. the other being Blueprint, who is a 501(c)(3) company. Blueprint is recognized as such because they have within their company a charitable organization that meets IRS rules justified by allowing athletes to earn money talking to other charitable organizations such as police and fire departments or boy scouts. As well, there are a few interdependent collectives throughout the country. A good comparison between SANIL and Blueprint NILs can be read at [URL]https://www.sportico.com/leagues/college-sports/2024/blueprint-sports-nil-collective-nonprofit-1234761748/[/URL] . It mentions IRS's concerns for NIL non-profits as doing charity work. The NCAA D1 committee in their January 2024 meeting approved most of the recommendations of the July 2023 D1 committee meeting on NIL governance. [URL]https://www.ncaa.org/news/2023/10/3/media-center-di-council-introduces-proposals-to-boost-student-athlete-nil-protections.aspx[/URL] The Tech Way is the third collective for Georgia Tech. The first two were independents collectives and it was published that the last one donated the last of their collections of over $10,000 to the Alexander Tharpe fund before they closed shop. [/QUOTE]
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