How Collectives Are Changing College Sports

KQED's Forum

KQED

News, News Commentary, Politics

4.2 • 726 Ratings

🗓️ 15 November 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. Guests: David Fahrenthold, investigative reporter, New York Times. Fahrenthold is a Pulitzer Prize-winning reporter that focuses on non-profits. His most recent New York Times piece with Billy Witz is titled "How Rich Donors and Loose Rules Are Transforming College Sports" Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:43.8	From KQED in San Francisco, I'm Nina Kim.
1:03.8	Coming up on forum, money, and college sports.
1:07.0	Since the NCAA's decision to allow college athletes to profit off the use of their name, image, and likeness, well, the alumni across the country have been funding so-called donor collectives to attract star athletes with eye-popping sums. That's according to New York Times investigative reporter David Ferenthaled, who looked into how these collectives operate despite NCAA rules
1:28.4	barring money as a recruitment tool. Many collectives are also established as nonprofit
1:33.2	organizations, allowing donors to collectives to get tax write-offs. We'll talk with
1:37.7	Ferenthaled about what the NCAA and IRS are doing to crack down. Join us. Welcome to Forum. I'm Mina Kim. The NCAA since 2021 has allowed college
1:55.3	athletes to collect so-called name, image, and likeness payments. That means athletes can be
2:00.1	compensated for a media
2:01.4	appearance, or when their name is on merchandise, or their image used in a video game.
2:06.4	It's been a welcome change for college athletes who used to be cut out of profits made off
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