How Collectives Are Changing College Sports
Since the NCAA’s decision to allow student athletes to participate in name, image and likeness deals, wealthy alumni across the country have been starting donor collectives to attract players. Many of these collectives were founded as non-profit organizations, allowing donors to claim tax write-offs, while the money gets passed on to the players. But recently, the IRS has called into question the collectives’ legality. We speak with NY Times reporter David Fahrenthold, who looked into how various collectives operate across the country and what the NCAA and IRS are doing to crack down on them…
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