IRS vs. Nonprofit NIL Collectives
The IRS is cracking down on NIL collectives and suggested in a recent memo that nonprofit NIL collectives could be breaking the law. This week we break down this IRS memo and talk about the implications for NIL collectives. In our News and Facts segment, we discuss the group licensing deal with EA Sports, the proposed amendment to New York’s NIL law, the formation of the Blue A Collective, the merger to form the Happy Valley NIL Collective, the launch of the Lone Star Collective, and th...