re: NCAA votes to allow athletes to profit off likeness

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I don’t understand all the people saying athletes should be just like other students getting paid . Students aren’t walking around getting paid for their likeness , and the ones who are working and getting paid , are working to pay for everything the athletes are getting FREE plus a stipend

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That's because nobody cares about your average student's name, image or likeness. If there was something marketable about that student's NIL for whatever reason, then they absolutely would be cashing in on that. There's no reason not to allow this--with some restrictions--for student-athletes.

And, yes, it should and would be all be taxable income. The real tax implications will only arise if student-athletes become employees of the schools, as tuition, room, board and other fringe benefits, are only without recourse tax-wise to the employee up to $5,250. After that, the cost of all of those becomes income imputed to the students as far as the IRS is concerned. That might not be a huge issue for an in-state kid attending a public university, but for those kids signing with a Duke, a Northwestern or a Stanford, that's going to be a HUGE tax burden.

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but I don't believe the majority of its supporters actually realize its consequences.

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List the consequences.

Also, make sure you list the one's that have happened since athletes started getting paid money (by the universities) above their scholarships.

Also, list the consequences for sports like Baseball

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They voluntarily joined the NCAA, a private organization, because the market dictated that was the best value for them.

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Show me any other private entity that governs the income of another private citizen.

almost every business in the US does that. WE do it. We tell our employees how much they will make, when they will work, how they will act, how they will dress, and what we expect out of them. And they are not allowed to compete against us in any way.

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That's the key phrase right here. For years, the NCAA has refused to let their slaves (Oh, I'm sorry - "student athletes") make a dime while the schools and conferences they are affiliated with made tens of millions of dollars off their images and likeness.

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Let me ask you something, just for the sake of clarity? Do you honestly think the majority of Alabama fans are that concerned about players striking a financial arrangement that will put some coins in their pockets?

Or do you think the much bigger issue for Alabama fans overall is how these new Bylaws will effect high school recruiting?

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slaves

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That's the key phrase right here. For years, the NCAA has refused to let their slaves

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A complete and total insult. Playing collegiate athletics is voluntary.

This is the kind of hyperbole that keeps people's minds closed to an opinion that isn't their own...

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Name me an instance of an employer dissuading an employee from making side income off another private venture that doesn't conflict with the employers business...

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I've had to fire a few folks over the decades who decided to invest in part-time employment away from their fulltime job. They were tired and determined to continue to give both jobs half their attention.

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This is a America, and if America is a capitalist society, let that be the case for everyone.

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It is the case already.

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Name me an instance of an employer dissuading an employee from making side income off another private venture that doesn't conflict with the employers business...

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I have to sign non-compete clauses all the time.