Likely won’t matter, but it seems everybody knows it bs.. Including big name coaches from previous statements.. if anything, read the last paragraph of the article..
A congressional hearing, amid calls for a federal law to regulate "NIL chaos," discussed the ramifications of athletes being deemed school employees.
www.espn.com
Maybe, the first step to at minimum, make taxable the value of the scholarship, for those athletes above $X” dollars in NIL money.
Second, maybe a “tax” on institutions whose athletes are receiving NIL money above $x dollar threshold, with says tax money distributed to schools below such threshold. Thus creating a theoretical “cap” , but one more like baseball.
I’m not a big proponent of raising taxes, but this to me, is not that.
Look…I agree that implementing either or both of those may be, at best troublesome, and at worst, illegal.
I’m just throwing concepts out that can definitely be tweaked, but with the idea of creating some rationality to what is now a free for all.
And…for what is being paid now, mostly “Pay for play “ with free dollars truly related to “ NIL”, just recognition that there needs to be some level of control.
I don’t know “the” right answer, but do know that something must be done…and soon…or “gems” like March Madness are at severe risk of extinction.
And that, as noted elsewhere, would be bad for everyone involved.
