Ohio collegiate athletes have begun entering contracts to sell their name, image, and likeness. However, there are questions about the details of those deals.
Luke Fedlam, a sports attorney in Columbus, believes college athletes who enter deals need to know repercussions that can come with those benefits because name, image and likeness is uncharted territory.
“It’s new to college athletic departments, it’s new to parents, it’s definitely new to the student-athletes, it’s new to the coaches," Fedlam said, "so there has to be some education to help prepare them so that student-athletes end up in a better spot when they leave school, since we know 98% of them are not going pro, that they are in a better spot than when they started."
At a recent Columbus Metropolitan Club forum, Fedlam said without more specific information about NIL deals, students could end up with tax problems or other unintended consequences.
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