💸 WTF is NIL: PayPal Just Became the Official Wallet for College Athletes 🚀
PayPal and Venmo are about to become the go-to wallets for college athletes, handling direct payments tied to NIL revenue-sharing. But while getting paid instantly sounds great, it raises big questions around privacy, taxes, and who’s really in control. This week’s WTF is NIL breaks down what this move means for athletes—and why a payment app isn’t a game plan.
🤔 WTF is NIL: The Coach Isn’t Your Agent
Your coach might know the playbook—but when it comes to NIL, they’re not your agent, lawyer, or financial advisor. If you’re letting them “review” contracts or suggest which deals to sign, you’re asking for trouble. In this week’s WTF is NIL, we’re breaking down why your coach can’t (and shouldn’t) handle your NIL deals—and what to do instead if you actually want to protect your name, image, and bank account.
💰 3 Things Every Athlete Should Actually Worry About with NIL
🧠 NIL Excerpt: "The $250 Post That Could Cost You Thousands"
You got paid to post a smoothie. Congrats.
But did you read the contract?
Did you set aside taxes?
Did you just give a brand lifetime rights to your face?
NIL is more than free merch and hype — it’s your business now.
And bad deals don’t just hurt your wallet. They hurt your eligibility, your reputation, and your future.
Before you sign, post, or promote anything... ask yourself:
👉 “Do I actually know what I’m agreeing to?”
👉 “Will I still be okay with this five years from now?”
👉 “Is this worth it — legally, financially, and personally?”
Because NIL doesn’t care how many followers you have.
It cares whether you’re paying attention.
🤡 WTF is NIL: The “Deal” That Isn’t
Think you landed a brand deal because someone gave you a 10% discount code and called you an “ambassador”? Think again. If you’re posting content, tagging companies, and hyping products—for free—you’re not an influencer. You’re unpaid labor. In this week’s WTF is NIL, we break down how fake deals disguise themselves as opportunities, why “exposure” won’t pay your tuition, and what a real NIL agreement should actually include.