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I know that Iowa’s NIL is a 501c3 so I imagine a lot are.

Horrible news. RIP

This is such a sad and horrible news. Prayers to his family.

As is the case with any charitable gift. Are any collectives qualified?

Wyland just said AJ died in his sleep, but no cause yet

Prayers to the Simon Family. Heartbreaking to see such an outstanding young man taken so young.

Payments to a NIL Collective are not tax deductible unless the collective has 501(c)(3) status.

I knew the money was taxable to the kids, my question is if a NIL collective fund, like a school endowment, would be tax deductible for the donations made to it. I guess probably not, as it wasn't a non-profit venture, but I'm willing to guess that it could be a non-profit venture supporting paying players for their appearance at charity events or something like that. There are always loopholes. The income to the students is always going to be taxable.

Prayers for the family, sad news. Not sure what happened.

Money is likely to move the needle for both, that's about it.

It is taxable: Generally, any money, goods, property, or services received from NIL activities are all considered forms of taxable income. Student-athletes should be mindful that NIL agreement income (including non-cash benefits or compensation) is reportable and is considered taxable income.

Do we have a license agreement that we can only sell certain beers during a game? It would be awesome to have 20% of a craft beer going to NIL?

One thing I’ve noticed living in a Big Ten town now is a lot of the NIL collectives have a partnership with local breweries to sell a school themed beer. Something like 20% of the revenue goes to the NIL collective. Would it be viable to do something like that in Albany? There’s plenty of breweries around.

Not a TAX expert; but DOUBT highly whether a NIL is tax deductible. Your GDAC seat requirement is NOT, why would a NIL be? Someone on this blog must be a tax lawyer or investment expert. Thoughts/opinions?? For what it worth IMHO, I rather build with freshman. And would be 100% against UA participating in a NIL. I'm sure I am in a minority. Rather support DII or lll if it comes to that. You all can have the portal and professional paid athletes; give me Doc Sauers and kids who loved to play and appreciated a chance to earn a degree.

The above action plan is a great; however, did you flip the coin to see what was on the other side or think about how this would affect other programs in place to raise money just to support day to day operations? This seems to be our operating mode. I have stated in the past the names of potential people to lead campaigns however, I am of the opinion there is no one who will put their face to a NIL campaign under our current circumstances, in particular with MBB. The only way is to bring in MBB, WBB and/or Football coach who is attached with a big money donor or aka the $iena way.

With those two back you have something almost no matter what. However a freshman that averaged 3 points a game (even though could very much improve) does very very little to move the needle for Thomas and Marshall. Would need to bring in high level senior talent for a shot to have them come back.

For the Men's team, at least in the short term, it needs to be... we have an empty roster, you are talented and just need a spot to showcase that you can do it at the D1 level - we have minutes for you in a decent low/mid major conference. Come here for 1-2 years and put up big numbers then the world is your oyster. If we win, you can stick around with a path to play in March, or you can try your hand in the P5 with earning potential. In the long term, we need to either accept the above strategy or find a way to build a real NIL program. If we could create a fund with 1 million dollars in it, that should generate $50-$60k per year in income that could be paid to players relatively risk free (with 30-year corporate or municipal bonds), or more if invested wisely but aggressively. I am not an investment professional, but I bet an investment fund could be set up the would guarantee a 2% return to investors, then the excess earnings could be paid as NIL deals to players. 2% isn't great, but its better than most savings accounts and I am sure it could be considered charitable. I do not know the laws on how those work at all, but we need someone to step up and create a fund. Maybe the financial minds and legal team at Broadview FCU could get something going. "Put your savings in the Broadview FCU UA-NIL Savings Account. Earn interest while supporting UA Athletes and getting a tax deduction!" I'd move some of my accounts there to participate! As for the women's team: I think staying the course works fine. They have become a perennial power in the AE, the team has a chance to dance every year. With the popularity increase in WBB and the Caitlyn Clark show, I am sure NIL will start to gain steam for women's programs, so I guess the above could work there as well. If college ball has become the minor leagues and a decent income source for players, we need to jump on board and participate, or accept what we are and know that we are just a lowly feeder.

So what’s the strategy now for team building? Promising frosh performs above expectations…transfers to a higher level. Diamond in the rough needs seasoning, gets 5-10 min a game, wants more, transfers out. You probably get to keep the 5-8 mpg kids that know they’ve hit their level and just want to keep their scholly. The way things are at UA’s level is it worth it to spend time, money and effort to bag a promising freshman when you can get a senior or grad with a verifiable track record at the collegiate level? From the fan standpoint I have a real hard time developing any loyalty to the players if they’ll skip out so easily. It was so nice to see players develop and do their 4-5 years…not much any more. Helene and Kayla are exceptions. Believe me, I don’t begrudge a player transferring for a higher level opportunity, to be closer to home, to seek NIL possibilities, etc. It just sucks from a fan standpoint.

Can we rename this thread college basketball free agency 2024??

I just hope the dude blocks a couple shots a game..Sultan of Swat? It writes itself.

I know it's a common assumption that once a kid is in portal he's gone but if he can re-recruit Thomas and or Marshall you have something here.

Well that's a good start... I guess the recruiting line could be: we've wiped our roster that couldn't win. Let's start over. Sultan had offers from Clemson, George Washington, Memphis, Arizona State, West Virginia, Oklahoma State, Georgia Tech, Rutgers, Ole Miss, Oral Roberts, DePaul, Washington, and Buffalo out of High School. Probably a new mid-major one and done. That's what I'm now calling the High Major potential guys that transfer down a year to build stats and move up.

He always could recruit...$iena coach!

Sultan Adewale has committed.

I posted that DeJa was in the portal on 4/1, under “WNIT Rd. 1,” and hoped she might return. Yes, it is a terrible loss for our team, after what she did last season. Apparently wanting to be closer to home in Pa. was a factor here. Gabby Falcao now takes on a bigger role.