Tennessee QB Controversy

This just gets more and more weird.

Aguilar, who just transferred to UCLA in December from Appalachian St, is listing Tennessee as one of his potential schools!
 
Random thoughts:

Iamaleav reminds me of Jayden Daniels. Not only playing style, but it is looking like they may have similar journeys in college.

Iamaleav ends up at UCLA. So, I immediately look up their OC/quarterback coach. Can Tino Sunseri coach this kid up to be a 1st rd. draft pick? Is this a blip in the radar or does he flame out?

Carson Becht is reportedly getting 4 million from Miami. Clearly, Iamaleav’s dad misplayed their hand, but I do see why you kick the tires. How does the saying go? “You are worth what someone is willing to give you.”
 
How does this work exactly? Iamaleav not only took a pay cut to go to UCLA, but now has to pay state income tax. Tennessee has no state income tax. What are these guys paying taxes on? They are not employees or independent contractors, so are majority of these athletes paying a capital gain tax?

Full disclosure, it feels like Fry, NorthKC or maybe OK4P has already explained this, but I need a quick reminder. I do not need an 18 paragraph post, but how does the government get their money?
 
How does this work exactly? Iamaleav not only took a pay cut to go to UCLA, but now has to pay state income tax. Tennessee has no state income tax. What are these guys paying taxes on? They are not employees or independent contractors, so are majority of these athletes paying a capital gain tax?

Full disclosure, it feels like Fry, NorthKC or maybe OK4P has already explained this, but I need a quick reminder. I do not need an 18 paragraph post, but how does the government get their money?
I get paid by the hour, so I will keep this short. :) They are not employees, but employment status does not define income. I am a partner/owner of my law firm, so I am not employee, but the money I get from my law firm is still income. I am guessing that most NIL money is reported as W-9 income to the IRS. It would be taxed in the same way as simple income, its just not employment income.
 
I get paid by the hour, so I will keep this short. :) They are not employees, but employment status does not define income. I am a partner/owner of my law firm, so I am not employee, but the money I get from my law firm is still income. I am guessing that most NIL money is reported as W-9 income to the IRS. It would be taxed in the same way as simple income, its just not employment income.

So, if you are an agent/advisor/accountant to a D-1 athlete(Power 4), what would be the minimum percentage you would suggest that an athlete set aside to pay the tax bill?
 
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