NIL Hour: Amanda Christovich Joins; D1 SAAC Letter to Congress; IRS Memo on Collectives; Baby Gronk
Conduct Detrimental: THE Sports Law Podcast
English - June 14, 2023 09:30 - 48 minutes - 44.4 MB - ★★★★★ - 109 ratingsSports News News Sports Football attorney scotus law lawyer ncaa sports sportsattorney sportslaw sportslawyer supremecourt Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Welcome to THE Sports Law Podcast! We keep you informed on everything at the intersection of sports and the law. The world of Name, Image, and Likeness keeps moving forward as Tarun (@tksharmalaw), Mike (@Mike_sonof_Law), and Holly (@SlamDunkSummers) break down the latest updates in NIL. Amanda Christovich (@achristovichh) from Front Office Sports joins us!
The NCAA Student Athlete Advisory Committee ("SAAC") sent letters to Congress advocating for federal NIL. (2:19) Amanda joins to discuss her latest article on Front Office Sports about the letters sent from all three divisions. The D1 SAAC letter was the only one not signed by all members of SAAC, being signed only by the D1 Chair. Amanda's discusses that these letters were clearly written or edited by the NCAA before being sent and published because all of the points were favorable to the NCAA, like no employee status and an antitrust exemption. You can read Amanda's article here.
The IRS Chief Counsel sent a memo regarding NIL Collectives and their tax-exempt status. (24:40) This memo, which is not precedent or binding, is a warning to all collectives who provide tax-deductible donations to student athletes, as they are "not incidental both qualitatively and quantitatively to any exempt purpose." Many of these collectives have already been granted 501(c)(3) tax exemption status, but this memo states that the IRS will be monitoring their activities to make sure that there are no direct benefits being made for private interests. This memo is a blanket warning to all NIL Collectives seeking tax exempt status or those who are currently tax exempt.
Baby Gronk has been making waves on social media. (38:33) Madden "Baby Gronk" is currently a 4th grader and has been touring the country to many schools as a prospective football athlete. The issue many are taking with this is that he is being controlled by his father and many are saying Baby Gronk's father is "clout chasing" his son for NIL.
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Hosts: Dan Wallach (@WallachLegal) | Dan Lust (@SportsLawLust)
Producers: Mike Lawson (@Mike_sonof_Law)
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