The NIL Revolution: Transforming College Sports with Kristi Dosh (Episode 27)

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Wealth on the Move

Will Hoffman

59 episodes

2 days ago

Wealth on the Move with Will Hoffman of Hoffman Wealth Management, the podcast where we explore smart financial strategies for busy families and active retirees. We'll dive into the tips, tools, and techniques you need to keep your wealth moving forward with your life. Whether you're managing your family’s finances or planning for a well-deserved retirement, we're here to help you stay ahead of the curve. So, let's get started—because your financial journey doesn't stand still, and neither should your wealth. Welcome to Wealth on the Move!

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The NIL Revolution: Transforming College Sports with Kristi Dosh (Episode 27)

Wealth on the Move

50 minutes 12 seconds

2 months ago

The NIL Revolution: Transforming College Sports with Kristi Dosh (Episode 27)

Summary: In this episode of Wealth on the Move, host Will Hoffman and NIL expert Kristi Dosh delve into the transformative landscape of Name, Image, and Likeness (NIL) in college sports. They discuss the evolution of NIL rules, the financial implications for student-athletes, and the importance of building a personal brand through social media. Kristi shares insights on navigating contracts, the role of agents, and the tax responsibilities that come with NIL deals. The conversation also highlights the future of NIL, including market inefficiencies and undervalued opportunities for athletes.
Resources:

* Kristi’s Website’s

* Kristidosh.com
* Business of College Sports Website

* The Athlete’s NIL Playbook Website
* LinkedIn: Sportsbizmiss
* Facebook: Kristi Dosh
* Instagram: Sportsbizmiss
* TikTok: Sportsbizmiss
* YouTube: Business of College Sports

Takeaways:

* NIL has revolutionized the financial landscape for college athletes.
* The rules around NIL have changed significantly since July 2021.
* Athletes must navigate a complex and evolving NIL environment.
* Written contracts are essential for NIL deals to avoid misunderstandings.
* Many athletes may not need agents but should consider hiring attorneys.
* Tax implications are a crucial aspect of NIL earnings for athletes.
* Social media presence is vital for building a personal brand.
* Athletes should diversify their content beyond just their sport.
* NIL opportunities can extend into coaching and clinics for athletes.
* The future of NIL may see more states allowing high school athletes to participate.

Kristi Dosh and Business of College Sports are not affiliated with Hoffman Wealth Management and Private Advisor Group. Hoffman Wealth Management and Private Advisor Group do not provide tax or legal advice. This presentation is not intended as specific financial, tax or legal advice for any individual. Please consult with qualified professionals for these types of advice.