Name, Image, & Likeness (NIL) at tOSU

[heisman]

I have a more liberal view of it…

Your viewpoint is not a liberal view. It is a libertarian view. (I approve. )

If the organization has no profit, it should be untaxed imo. If it went this way, i would concede there needs to be hard laws on compensation being taken by ownership (presently there are guidelines, but those are soft limits).
But i don't have a problem with NFL being nonprofit. The commissioner gets an appropriate salary, all the profit is being made by the teams... where it should be taxed.

If the entity doesn't make a profit, then it doesn't pay income tax. Non-profit status isn't really about the taker as much as it's about the giver. Again, using the example of the Foundation vs. 1870, they both have the goal of giving post-expense donations to the charitable recipient. So, no difference whatsoever.

The difference lies within the impact to the donor. I believe it was reported that CJ Stroud, for example, gave $100k to the Foundation. That only cost him ~$60k. It cost the federal and state government the other $40k. That's the rub. No one in their right mind would give a dime to the exact same competing entity when it costs them exponentially more for the exact same result.

If you told me my local mom and pop cafe was a nonprofit, i would say "good for them". Put that money into the business, worker comp/benefits, etc. They still get us on sales tax (the only tax that should exist imo, but that's another topic).

Again, if the cafe doesn't make a profit, then they won't pay any income tax. If they were a nonprofit, however, then you wouldn't have to pay sales tax, similar to shopping at Salvation Army, for example.

 

[ScriptOhio]

 

[SEREbuckeye]

Jay Schott pulled some nice moves to get AE on board.

 

[OHSportsFan]

Jay Schott pulled some nice moves to get AE on board.

Abercrombie should match.

 

[SEREbuckeye]

Abercrombie should match.

Not sure if Wexner has thrown around his dollars or not. Jay Schott is the CEO of AE. Where’s the A$F, limited brands dollars at?

 

[ScarletInMyVeins]

Not sure if Wexner has thrown around his dollars or not. Jay Schott is the CEO of AE. Where’s the A$F, limited brands dollars at?

His money goes to the Medical Center and Arts and Sciences

 

[SEREbuckeye]

His money goes to the Medical Center and Arts and Sciences

I got that, but I’m surprised there hasn’t been any NIL from them. Maybe a fit thing?

 

[ScarletInMyVeins]

I got that, but I’m surprised there hasn’t been any NIL from them. Maybe a fit thing?

My guess is that he doesn't care about athletics.

 

[ScriptOhio]

Not sure if Wexner has thrown around his dollars or not. Jay Schott is the CEO of AE. Where’s the A$F, limited brands dollars at?

His money goes to the Medical Center and Arts and Sciences

I got that, but I’m surprised there hasn’t been any NIL from them. Maybe a fit thing?

My guess is that he doesn't care about athletics.

Pay Forward Society - Ohio State

Ohio State

ohiostatebuckeyes.com

Established in 2005 by the Department of Athletics, the “Pay Forward Society” was created to distinguish a special group of benefactors, whether individual or group, who have provided single gifts of $5 million or more to Ohio State athletics projects.

Just sayin': He is listed as being in the Pay Forward Society and his name is on the stadium scoreboard ↑ ; so he has at least made a $5M contribution to the "Ohio State athletic program". In addition to everything else ↓ :

Les, his foundation and business have pledged or contributed well over $200 million to the university. Those donations have touched nearly every discipline, including the Wexner Center for the Arts, Max M. Fisher College of Business, Moritz College of Law, College of Veterinary Medicine, and, of course, the Wexner Medical Center.

Leading by example, Les made L Brands, Inc. a major contributor to Pelotonia, United Way and the Komen Race for the Cure, among many others. He has championed more than 1 million hours to various causes.

“We have to do good, while doing well,” he has often been quoted as saying. He, his family and his business do exactly that. He is the essence of what it means to “pay forward.”

 

[SEREbuckeye]

Pay Forward Society - Ohio State

Ohio State

ohiostatebuckeyes.com

Established in 2005 by the Department of Athletics, the “Pay Forward Society” was created to distinguish a special group of benefactors, whether individual or group, who have provided single gifts of $5 million or more to Ohio State athletics projects.

Just sayin': He is listed as being in the Pay Forward Society and his name is on the stadium scoreboard ↑ ; so he has at least made a $5M contribution to the "Ohio State athletic program". In addition to everything else ↓ :

Les, his foundation and business have pledged or contributed well over $200 million to the university. Those donations have touched nearly every discipline, including the Wexner Center for the Arts, Max M. Fisher College of Business, Moritz College of Law, College of Veterinary Medicine, and, of course, the Wexner Medical Center.

Leading by example, Les made L Brands, Inc. a major contributor to Pelotonia, United Way and the Komen Race for the Cure, among many others. He has championed more than 1 million hours to various causes.

“We have to do good, while doing well,” he has often been quoted as saying. He, his family and his business do exactly that. He is the essence of what it means to “pay forward.”

Love it! Answered my question - thank you for posting this. Been living outside of Ohio for so long that it’s hard to keep up with the endowments, expansion, and Buisness relations.

 

[AirForceBuck15]

https://www.elevenwarriors.com/spon...-football-players-for-open-house-at-the-woody

JOIN RYAN DAY, HIS ASSISTANT COACHES AND BUCKEYE FOOTBALL PLAYERS FOR OPEN HOUSE AT THE WOODY​

Join Ohio State head coach Ryan Day, his assistant coaches, and current members of the Buckeye football team for a two-hour Open House at the Woody Hayes Athletic Center from 10 a.m. to noon on Saturday, March 2.

Tickets for Open House at the Woody, presented by The 1870 Society, are $250 for an individual admission and $500 for a family ticket for two adults and up to three children. All proceeds from the event will support Name, Image, and Likeness (NIL) fundraising efforts.

 

[SEREbuckeye]

Buckeye nation leveling up the NIL!

 

[SEREbuckeye]

The opt-in makes sense, and if they choose not to they will be filled by a generic player. Additionally, more players will become ambassadors and begin promoting it, increasing the NIL pot. Expected to be the largest group NIL deal with 11,000 players.

So far Denzel had tweeted saying he’s in. I wouldn’t expect any OSU player to turn this down.

 

[pnuts34]

The opt-in makes sense, and if they choose not to they will be filled by a generic player. Additionally, more players will become ambassadors and begin promoting it, increasing the NIL pot. Expected to be the largest group NIL deal with 11,000 players.

So far Denzel had tweeted saying he’s in. I wouldn’t expect any OSU player to turn this down.

$600 is nothing! WTF, sorry but I'd tell my son to sit it out, this game will generate 10s of millions, and you're giving the players peanuts. They can afford to even give the kids $5000/ea and be fine. EA generates billions every year, they can afford to pay more than $6mil for 11,000 players. Giving players like Emeka, Treveyon, Carson Beck, Shadeur Sanders, Travis Hunter, etc only $600 is laughable. But if they're willing to take pennies just to be in a game, then have at it...

 

[SEREbuckeye]

$600 is nothing! WTF, sorry but I'd tell my son to sit it out, this game will generate 10s of millions, and you're giving the players peanuts. They can afford to even give the kids $5000/ea and be fine. EA generates billions every year, they can afford to pay more than $6mil for 11,000 players. Giving players like Emeka, Treveyon, Carson Beck, Shadeur Sanders, Travis Hunter, etc only $600 is laughable. But if they're willing to take pennies just to be in a game, then have at it...

I totally get your reservations, and their solve to that is that they are allotting 100 player ambassadors who will market the game and earn bigger NIL (eg. The star players) - Denzel Burke being one of them.

11,000 players at $670/per - with no player performance strings attached imo is fair for the players and the gamers. There’s plenty of lineman and even playmakers at lower tier schools that get nothing as it is. As a gamer, I couldn’t care less if a player holds out - I’ll just create them from the generic player graphics they will be loaded with. Then it’s just the player losing out, not me.