In 2021, the college football world turned upside down. NIL became legal, and players could finally make money. But what the NIL system has become is unrecognizable: Rogue nonprofits and billionaires have taken over the sport.
This video investigates the current state of NIL, how collectives work, why the IRS is cracking down on them, and what the future of the sport holds.
0:00 - Intro
1:01 - CFB History
2:40 - Pay Scandals
3:30 - ND's Brandon Wimbush
4:03 - NIL's True Meaning
5:10 - LSU's Livvy Dunne
5:56 - Collectives
7:00 - Deion Sanders
8:10 - Most Valuable Athletes
8:54 - Tax-Exempt Entities?
9:32 - Charity Scam
9:56 - Texas One Fund
10:51 - OSU's $20M Roster
11:33 - IRS
12:02 - Larry Ellison
12:36 - Phil Knight/Billionaires
13:58 - Revenue Share
14:55 - Biden on Title IX
Can't wait to read your comments. Let us know what we should look into next.