Kentucky Basketball Player Will Reportedly Make $2 Million This Season

by Larry Leo

April 20, 202212 Comments

Looks like we know why Kentucky’s Oscar Tshiebwe is returning to Lexington next season. The Wildcats star will reportedly be making $2 million through NIL...

Loading Twitter Embed....

He’s the first reigning National Player of the Year to return to college basketball since Tyler Hansbrough did in 2008.

(The Spun)

Filed Under: Kentucky Sports

12 Comments

Recent Oldest Top

You must be logged in to comment. |

TerryDawg03•36 months

If the NIL can get rid of the one and done, I might be okay with it. Of course, the big schools will get the talent and it might kill any chance at parity.

Mr. Hangover•36 months

COLLEGE basketball is over

rar•36 months

So is the NCAA going to grant extra eligibility for hardship cases...give this guy couple more years. Bet his team mates really appreciate it.

kywildcatfanone•36 months

I mean, good for him, more than he would make going to the NBA with any contract he would sign. Glad he's back. But as someone who has worked for almost 40 years, it's a SMH moment.

CovingtonTigre•36 months

KyWildcatfanone, Be better at your job.

BobABooey•36 months

So this jackass can afford to pay me back $20 for wrecking my bracket? Pay up, Big O.

Lynxrufus2012•36 months

That jackass scored 30 points and grabbed 16 boards. The jackass that ruined your bracket is Calipari.

CanebreakCajun•36 months

We’ll, that is one positive or NIL. Coming back for another season.

KAGTASTIC•36 months

I wonder what the IRS is thinking about all of this. At some point scholarships may need to go away too if these kids are making this kind of money. Pell Grants, etc will need to too. Students are going to get fed up having to pay sports related fees too.

PeleofAnalytics•36 months

The collectives paying these are sending them 1099s. The IRS knows what these collectives are for (you have to give them an NAICS number telling them what your business is) and that puts the IRS on notice. You have to send out a 1099 for anything over $600 so a million is not going to fly under the radar. The IRS undoubtedly already knows exactly how much they got paid by the following February. I'd assume the schools that got ahead of the game, have a resource available that says "He Mr. QB... you got paid $XXXXX, here is a quarterly estimated payment voucher to the IRS. Pay them $XXXX by this date because this is pretty much what you will have to pay them on your next tax return" And you phase out of Pell Grants at around 60k a year of family income. These are likely all losing eligibility for the grant right away when they get an NIL deal.

CovingtonTigre•36 months

Kagtastic, Athletic scholarships aren’t need based. Taking them away based solely on athletes ability to have a 2nd job, which is the definition of NIL, only cements the idea that it’s really just pay for play & should be a cost burden officially paid by the program. You old heads keep struggling in quicksand not realizing that you’re only causing urself to sink quicker.

Lynxrufus2012•36 months

You will see a lot of this across college basketball. Players will see better than second round or foreign money from NIL.

Popular Stories