A high school athlete does not automatically need an LLC simply because they earn NIL income. An LLC may become more useful when NIL activity starts functioning like an actual business, with recurring sponsorships, meaningful income, expenses, contracts, merchandise, appearances, or other ongoing activity. There is another layer for high school athletes: many are minors. […]
NIL deals are not just about getting paid. They are contracts that can affect an athlete’s future opportunities, brand control, eligibility, and long-term earning power. Exclusivity is one of the biggest terms athletes and families need to understand before signing. In some cases, exclusivity makes sense. A brand may pay more because it wants the […]
Authors: Alexis Kopcienski, Esq., Katy Boehmer-Abbott Name, image, and likeness continues to transform college athletics, and New Jersey continues to respond to this evolving industry. The most recent response includes a new NIL statute. Addressing the national changes to NIL law and institutions increasing reliance on it, the New Jersey Legislature amended the state’s NIL statute. […]
NIL representation can be a huge advantage — but it can also wreck an athlete’s future if the wrong person gets involved early. NIL deals move fast, and athletes (especially high school and younger college athletes) often get pressured into signing agreements before they even understand what they’re giving up. The biggest risk isn’t “missing […]
Authors: Alexis Kopcienski, Esq., Matthew A. Skinner, Esq., Nikita Wilber, Theresa A. Lyons, Esq., MSW Name, Image, and Likeness is the newest way student athletes can start making money. The National College Athletics Association (NCAA) used to not allow student-athletes to receive money from outside sources to protect the fairness of the recruiting process. Now with […]
