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UtBlaw

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Everything posted by UtBlaw

  1. I disagree with Gerry on this a little, and told him why. For Texas, it will depend on the specific contracts with UTs partners. So we’re a Nike school but kids can’t endorse Nike, okay. But can they endorse Reebok then, a competitor to Nike. What about Adidas? You can’t restrict them from shoe endorsements entirely. It might be in Nikes best interest to just reword their contract and allow for endorsements. second, Texas NIL is different than every other states. I’ve read several state laws but not Oregon’s so I dunno how it works up there especially considering the Longstanding and close relationship between Nike and Oregon. so most precisely the answer is what state law governs then how does a particular school in the state deal with it. and if the state has no law the school can do whatever the fuck it pleases
  2. It’ll all depend on if he gets more exposure here vs anywhere else. More popularity more money.
  3. Agree. Problem is he can’t sign any until he’s enrolled in school. I’m sure his advisers will be able to give him some decent estimates tho.
  4. Nope, same as money generally. They are taxed the same as a money transaction except in rare cases (e.g., real estate in-kind exchanges). Huuuge tax loophole for the wealthy.
  5. Not sure why NIL would end up in this situation. Further, I was an estate attorney for five years and this is very uncommon. A simple trust and power of attorney would solve almost every case. Enlighten me where this is occurring (Texas?) because I’ve never even heard of it. I mean it makes sense but there are lots of ways to deal with these things. It’s always a last resort for the court to take away someone’s property rights.
  6. Not an expert on IP but I would think a close orange with no other branding would be okay. The school may not agree though. Fuck it, trademark your own Pantene orange #54344, or however they define these colors. The overzealousness protecting UT’s brand is dumb on several levels (IMO)
  7. Longtime stalker, first time poster. I’m a UT alum attorney that has been studying NIL for fun. Because I’m a nerd. I’ll chime in (or not) if y’all have any questions I think I can answer. starting here, not sure if poster is being sarcastic but student athletes can (and should) have agents. I wouldn’t touch their taxes on my own. They will be complicated with novel issues. Prolly an accountant for all and a tax attorney for the big earners. Their issues are miles away from 1080EZ and most small businesses tax complexity.
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