What about this NIL scenario?

[82hoosier]

Miller Kopp gives up his scholarship and stays on the team with NIL money. Would that be allowed?

 

[turney333]

Miller Kopp gives up his scholarship and stays on the team with NIL money. Would that be allowed?

Allowed? Probably, but a year’s worth of out of state grad school tuition/fees and room and board is probably $70k which would probably be more useful for a NIL deal for a portal transfer that’s on scholarship

 

[The Vid]

He gets NIL money? For what?

Can they ask him to pay it back?

 

[bailey777]

He gets NIL money? For what?

Can they ask him to pay it back?

Exactly why would we keep him?

 

[The Vid]

Exactly why would we keep him?

Leal is way better. I’ll listen to a debate on if either of them should play and how much. Leal should not sit behind Kopp.

 

[Stuffshot]

Allowed? Probably, but a year’s worth of out of state grad school tuition/fees and room and board is probably $70k which would probably be more useful for a NIL deal for a portal transfer that’s on scholarship

Plus, isn't income from your NIL taxable as self-employment income?

Then, he'd probably need more like $90-95,000 to net $70,000.

And, assuming he'd would not prepare/file his own tax returns, he might need another $6,000-7,000 for tax advisors, depending how many cities, states etc. require him to file separate returns. (I've read that NBA players must file in every city/state/county/province/ country they play in.)

And now, a public service announcement from Willie Nelson:​

"It's easy to get in trouble with the IRS."​

-- Signed Willie Nelson​

 

[Stuffshot]

Exactly why would we keep him?

I think they're just suggesting that Miller get a deal that pays him more than what they think his true market value actually is.

 

[82hoosier]

Allowed? Probably, but a year’s worth of out of state grad school tuition/fees and room and board is probably $70k which would probably be more useful for a NIL deal for a portal transfer that’s on scholarship

I was a grad student with an assistantship that required 10 hours of work ( actually more like 3 hours) per week. It covered my out of state tuition at IU.

If legal, NIL, assistantships etc.. would make this a slam dunk.
I am sure players would not care where a stipend comes from. I am thinking that this is another NIL fubar that the NCAA did not consider. $300,000 to warehouse three or four fifth year seniors would be nothing. Look at the ridiculous recruiting budgets.