Something I had not really thought of before seeing this....the tax ramifications of NIL money. NIL money would fit under some category of income. But what about the money players get from alumni/coop groups? Does that go down as a gift? Since the schools are restricted on giving money to them, they cannot be considered employees, right? Private contractors? I have gotten a 1099 Misc form for coaching in the past, would it be the same thing?