No extra effort need be involved. If PSU runs a promotional in which it runs tape of a play in a real game, it simply pays the player(s) involved a royalty. hell, if they catch players on the sideline watching, they can pay them, too. I love it. Fewer and fewer excuses for Big Game James not to win championships.What is the NIL part for schools? Are they going to broker deals and act as an intermediary? Or is this so they can pay Nick Singleton to promote Penn State athletics? I assume collectives will still be a thing since universities will have to have more transparency and oversight....
At some point possibly, but not according to the linked article.This ensures that players will be legally considered employees/contractors. They may end up regretting this.
I understand that is what they are trying to do, but I highly doubt that will hold up under Federal labor laws.At some point possibly, but not according to the linked article.
Virginia law allows schools to pay athletes for NIL
Schools in Virginia will be able to directly pay athletes via name, image and likeness deals thanks to a state law signed Thursday morning.www.espn.com
So who does Dr. Pepper pay?
It would be just like NFL player. Pay the player directly and agent takes cut. Sometimes the agency collects and takes their share before sending to player. Players mostly setup a personal corp/S-corp or LLC.So who does Dr. Pepper pay?