NIL Things - All Sports

[Lobot]

Associated twitter thread for the above:

https://twitter.com/MattBrownEP/stat...30198686801924

[Lobot]

Matr Brown in his ($) newsletter Extra Points makes the point that some of these NIL collectives are LLCs and some are 501c3. Those that are operating as a 501 might not be exempt in the end depending on how they spend their money. The article focus is on OSU.

https://www.extrapointsmb.com/nil-collective-non-profit-ohio-state-irs/

[bearcatbret]

This is a smorgasbord of all things changing in college athletics. Future of Sports - College athletics: Staying true to the mission in a time of transition - Cincinnati Business Courier (bizjournals.com)

[leo from jersey]

Nick Saban: Current NIL setup 'creates a situation where you can basically buy players'

[Lobot]

UCATS usual method is to hit up the deep pocketed folks first to make sure they can get a project off the ground and gain momentum for it. The second wave is smaller donors and then casual fans. I'm not sure whether creating a 501 will follow a similar path or not.

We may not be behind and they just haven't announced the 501 yet but I was basing my opinion on the fact that several larger schools are out in front of us on the 501 announcement. I can never attend the Coffee with Cunningham meetings but if this didn't get discussed last go around, you can bet it'll come up in May's meeting.

[leo from jersey]

I haven't seen any deals announced, though I wouldn't expect to see all of them. What makes you think we are behind the competition?

Most of the established 501c3s have a web page for donations from all fans and not just the deep pockets. I have yet to see one advertised for the Cats.

[red_n_black_attack]

I know Leo will probably agree with me but does anyone else feel like UC is behind on this curve of getting a 501c3 set up for NIL?

I haven't seen any deals announced, though I wouldn't expect to see all of them. What makes you think we are behind the competition?

[bearcatbret]

I we were losing out on recruits to other schools because of the name on our jersey or the conference that we are in, we are now going to lose out because of the payday. This just makes it even more difficult to compete in the recruiting circles.

[Lobot]

I know Leo will probably agree with me but does anyone else feel like UC is behind on this curve of getting a 501c3 set up for NIL?

[leo from jersey]

sorry for this edit

[Lobot]

Interesting NIL question at the top of this article ($)

https://theathletic.com/3229613/2022...iting-mailbag/

[leo from jersey]

This is how you have to get transfers and recruits today it seems. Most teams have playing time, facilities and a nice coach, but this is our reality.
GET PAID. If y'all wondered just how much NIL opportunities play into recruiting these days, it took Tanner Holden less than 48 hours from becoming a Buckeye to start taking advantage of his NIL, and he explicitly said it was a key factor in his decision.-- From twitter
I’m excited to announce my partnership with
@thefoundation1_
A big reason why I chose OSU was for opportunities like this! I look forward to raising awareness for local Charities & getting involved in the Columbus community! Visit http://thefoundationohio.com for more info.

From an tOSU forum and something that will be so telling.
"Regardless of how you feel about it, this is the new reality. But the good news is, Ohio State's in a damn good position to take advantage."

[Greg7173]

Look at the in state competition. They have a big time foundation which is independent of the University. Some deep wallets involved and look at how easy they are making it to give. Ricart Auto is involved. Didn't UC use to have a big time Cincy area auto group involved with the school.
The Foundation Ohio - Approved 501(c)(3)

I'm not sure how involved the auto group was with the school but Jeff Wyler was chairman of the board of directors back about 10-15 years or so.

[leo from jersey]

I heard two of the Board speak. Yes, they are interested in first round draft choices staying around, but are going to possible second or third round picks to stay the extra year{s) and get good ( seems it was hinted at equal) money to stay. Big $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$

[leo from jersey]

Look at the in state competition. They have a big time foundation which is independent of the University. Some deep wallets involved and look at how easy they are making it to give. Ricart Auto is involved. Didn't UC use to have a big time Cincy area auto group involved with the school.
The Foundation Ohio - Approved 501(c)(3)