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Message: <blockquote data-quote="Heyjoe4" data-source="post: 1028546" data-attributes="member: 13032">Thanks 13.  Had no idea how these operated.  And if they are set up as 501(C)3s, there are no taxes paid by the collective, if I remember my tax law, as long as they distribute all their funds in one fiscal or calendar year, or at least show no profit after cash in, cash out, and expenses.Hopefully the players have to pay taxes on their NIL money.  Damn, what a racket.  I suppose it had to be set up this way so schools could compete for players.  Even so, in small markets and D2 teams, there won't be any interest in paying a player NIL money because their won't be any real sponsors.Sounds like a good way to ruin college football, which was pretty ****** up to begin with.  Thanks for the info and article.</blockquote>

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