💸 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.
💥 College Sports Just Got Real: The House v. NCAA Settlement Shakes the Game
College athletics just stepped into a new era — and there’s no going back.
The House v. NCAA settlement isn’t just a payout — it’s a full-blown restructuring of how college sports work. Athletes from 2016 to 2024 are finally getting compensated for their NIL rights, and starting July 1, schools can legally cut paychecks to players.
This is no longer about free gear and influencer deals. We’re talking revenue-sharing contracts, NIL clearinghouses, and a brand-new enforcement agency built to police the chaos.
Parents, athletes, coaches — pay attention. The amateur model is dead, and if you’re not reading every word of these deals, someone else is profiting off your kid's future.
💰 Weekly Truths and Facts (WTF) Is NIL? (And Why You Should Actually Care)
NIL = Name. Image. Likeness. Translation? Your face, your name, your vibe… can now pay your bills.
But before you sign a “free hoodie” deal that secretly gives away your image rights until the end of time, maybe ask:
WTF am I actually signing?
This isn’t just for D1 quarterbacks and sneaker deals — it’s for you. The high school athlete with a local sponsor. The college player with a TikTok following. The parent trying to figure out what the heck “group licensing” even means.
This is money, fame, and fine print.
And yes, it’s legally messy if you don’t read the contract.