I would never, under any circumstances, contribute anything to a collective. There is zero percent chance of any type of return on investment. If I could negotiate an agreement for a well-recognized student-athlete to do a radio spot or television endorsement for my business in exchange for a reasonable fee, that's something entirely different. And the IRS on June 9, 2023 issued a memo advising NIL’s that their function doesn’t fit within the confines of tax exempt status. Think about that when asked to make an NIL contribution. I'm among those who anticipate that most collectives [there will be a few exceptions] will eventually follow the same path to implosion as what we recently saw take place with a Michigan State collective.
With rare exception, contributing to an NIL collective is for suckas...
With rare exception, contributing to an NIL collective is for suckas...
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