Foley & Lardner LLP Special Counsel Gregory Marino is quoted in the Reuters Tax article, “The Tax Implications of College Collectives, NIL Deals,” discussing the impact of the U.S. Supreme Court’s 2021 decision in NCAA v. Alston that removed limits on student-athlete reimbursements and pay for certain expenses.
Marino, a member of Foley’s Sport & Entertainment Industry Team, noted that with the decision, “the Court cut against a century-old ‘no pay for play’ college sports regime, but did so with a scalpel rather than a meat cleaver.”
“Still, the Alston decision—and its sharply worded concurring opinion—conclusively propels the NCAA into a new reality, where the status quo of NCAA-mandated restrictions on student-athlete compensation will be no more,” he added.