Navigating NIL Opportunities as a 7A High School Athlete
As a top prospect at a 7A program like Lakeland Dreadnaughts, you're likely no stranger to the spotlight. With name, image and likeness (NIL) opportunities on the rise, it's essential to understand your rights and potential earnings. According to the NCAA, you can earn up to $1,000 per year from a single sponsor, with no limit on the number of sponsors. Consider partnering with local businesses, such as restaurants or car dealerships, to promote their products or services. For example, you could partner with a Lakeland sports bar to promote their Friday night football specials, earning $500 per month. Be sure to research and carefully select sponsors to ensure their values align with yours. Keep accurate records of your earnings and expenses to avoid any potential tax implications.