Tax Implications of Name, Image, and Likeness (NIL) Rights and Collectives

Summary

This practice note addresses the legal landscape surrounding name, image, and likeness (NIL) rights and collectives for student-athletes under federal jurisdiction. It explores the definition and scope of NIL rights, the function and structure of NIL collectives, the tax implications for these collectives and the student-athletes, and the antitrust considerations that arise in this context. The analysis is based on relevant statutes, case law, and administrative materials.