For You That Claim To Know

[Commercecomet24]

At most it is 54% federal and 5% State.
37% federal taxes highest bracket varies on top end/low end
7% FICA
7% FICA employer
3% Medicare

5% State

Surely they all can read a simple marginal tax rate and figure that out on a napkin. Taxes are not that hard.

I doubt many of these kids are setting that money aside. Teenagers spend it when they get it and doubt many have hired an accountant

[ScooterDog]

It surely would answer a lot of questions if Charlie W. would simply post a blank sample of our NIL contract. Then, everybody would know what's in it. How about it Charlie?

[parabrave]

I doubt many of these kids are setting that money aside. Teenagers spend it when they get it and doubt many have hired an accountant

Don't worry the uncle, coach or cousins always know how to invest the money.

[MabenMaroon]

A couple players will scream racism and all of a sudden it will be ruled tax exempt. Doesn't matter if it is or isn't.

Tried to give your comment a star, but it said I have to spread it around .............

[Commercecomet24]

Don't worry the uncle, coach or cousins always know how to invest the money.

Oh yeah I forgot all about the concerned people around them who will help guide them through all this, lol.

[parabrave]

Tried to give your comment a star, but it said I have to spread it around .............

There had to rep ya so I could spread it around

[Spiderman]

Charlie can answer that better but I'm pretty sure that was brought to him before and there's wording that won't allow them to do that because players have transfer rules that superseded that.

If I understand the collective is a private entity. Transfer rules should have nothing to do with it

[Really Clark?]

If I understand the collective is a private entity. Transfer rules should have nothing to do with it

Private or not they are only allowed to operate under NCAA rules and state law (if there is one). Again, Charlie can answer it better but it has to do with a collective not being able to sign a deal with a player that forces them to attend or continue to attend a school. We can only protect our money at key deadlines. Transfer portal dates are a part of that. Remember these deals are for name, image and likeness only, not to play for a certain school.

[Homedawg]

Tulu signs with our collective a while back. Are you telling me State's collective didn't put a no compete, ie , sign with another collective, in the contract?

If so, bad business

We backloaded the contract and it's Charlie is a of things. But dumb isn't one of them. Trust me when I say our bi and contracts are in as good of shape as they can be.

[WinningIsRelentless]

The FTC is in the process of outlawing most if not all non competes.