Author: Abigail Diaz

Historically, college athletes were prohibited from monetizing their name, image, and likeness (NIL). However, in 2021, the National Collegiate Athletic Association (NCAA) enacted interim rules that allowed athletes to capitalize on their personal brands for financial gain. This policy shift has created new opportunities for student-athletes to generate income while still in school. However, the introduction of NIL deals also brings with it a range of important tax considerations that athletes must carefully navigate. What Are NIL Deals? NIL deals allow college athletes to profit from their name, image, and likeness without jeopardizing their eligibility to play collegiate sports. These…