News and Events

Spry 5 – April 19, 2022

Spry 5 – April 19, 2022

SEASONS ARE CHANGING

Spring brings a flurry of change on college campuses. Sports are wrapping up, students are studying for finals and preparing for graduation and summer break. And by now, all student-athletes should have reported their earnings from NIL opportunities and be planning for next year’s opportunities.


NIL SUSTAINABILITY

Football coach weighs in

Paying a player to attend a particular school is still a violation of NCAA rules, but NIL deals have quickly become intertwined with recruiting — both high school prospects and the growing number of college transfers. Read what Nick Saban, head football coach at Alabama, thinks of the current state of college sports.

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COMPLIANCE

Who is responsible for NCAA violations?

Former Oregon football player, Doug Brenner, filed a lawsuit against his college coaching staff for NCAA violations. Learn more about the opening testimony here.

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TAXES, TAXES, TAXES

NIL deals and taxes

April marks the end of tax season. We hope that all student-athletes who took advantage of NIL opportunities were able to properly report the income.

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HIGHSCHOOL NIL

Check out Ohio

Will Ohio be the next state to allow NIL opportunities for highschool athletes? The conversation is on the table.

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* Any content provided by or made available by Spry is for informational purposes only and should not be construed as legal, tax, financial, or other advice. Any legal resources provided are for informational purposes only and may not be applicable in all jurisdictions. Any tax calculations provided are available for general informational purposes only and are based upon current law. Individual circumstances may differ which can affect the application and effect of federal, state, local, non-United States and other tax law. All legal and tax questions should be directed to a qualified professional.