The Evolving Tax Impact of College Athletics
Financially speaking, college athletics are a whole new ballgame these days. Student-athletes can now be paid for the use of their name, image and likeness (NIL) without jeopardizing their eligibility. Payments largely come from boosters—individuals supporting their alma mater or favorite school. And for top high school recruits and elite transfer portal prospects in certain sports, millions of dollars may be at stake. Let's explore the tax impact for both groups.