No more National Letters of Intent

[MooseLodge]

The NCAA has eliminated NLIs. That is different than "signing day." The NCAA is working on a new financial aid agreement and revenue sharing contract. Not sure about revenue sharing at the D2 level, as the "student fees" are 90 percent of the revenue.

NCAA eliminating National Letter of Intent - On3

[huntnfish]

This is not good for student Athletes. They will have no guarantee of a scholarship or roster spot. This is BAD for all parties. I think you will see a lot of coaches at the small school level start transitioning to High School Ball especially if they have a family with children. Coaches are going to be forced to recruit ever new signee right up until the 1st day of practice. This is the knock on Portal recruiting so this will again hurt High School players because if a coach is going to have to recruit you all the way until August they might as well take a transfer. This will have many adverse effects just like the Portal and NLI did.

[MooseLodge]

This is not good for student Athletes. They will have no guarantee of a scholarship or roster spot. This is BAD for all parties. I think you will see a lot of coaches at the small school level start transitioning to High School Ball especially if they have a family with children. Coaches are going to be forced to recruit ever new signee right up until the 1st day of practice. This is the knock on Portal recruiting so this will again hurt High School players because if a coach is going to have to recruit you all the way until August they might as well take a transfer. This will have many adverse effects just like the Portal and NLI did.

Actually, the article specifies that there will be a new contract between the school and the athlete, for financial help and/or revenue sharing.

[huntnfish]

WTAMU does At will contracts so I guess if you can fire the coach an anytime a coach could just fire the player at any time too? What about the Non Revenue sports? Our the 95% of schools that are operating in the red with their limited revenue stream

[Herb Street]

WT doesn't use employment contracts for coaches. Employment is at will. There is no such thing as an "at will contract" - that would be an oxymoron.

[AngeloFan]

Would they have to pay income tax and SSI on their scholarship?

[Herb Street]

Would they have to pay income tax and SSI on their scholarship?

That's a good question for a CPA.

[texcap]

Would they have to pay income tax and SSI on their scholarship?

Scholarships, books, and fees are generally not taxable. Room and board is, and always has been, taxable.

[AngeloFan]

Scholarships, books, and fees are generally not taxable. Room and board is, and always has been, taxable.

Several student athletes have taken legal action to have themselves declared employees of the school. If that happens wouldn't that make their scholarship a salary?

[texcap]

Several student athletes have taken legal action to have themselves declared employees of the school. If that happens wouldn't that make their scholarship a salary?

No. As long as it pays for “qualified” educational expenses it is specifically excluded in Section 117: “Any amount received by an individual as a scholarship at an educational institution or as a fellowship grant shall be excluded from the gross income of the recipient.”

This was the case when I was in my PhD program. I was employed by the university as a research/teaching assistant. In addition to my pay I was given a full scholarship and medical benefits, both of which are not taxable.