Frost Brown Todd LLC

10/13/2026 | Press release | Distributed by Public on 10/13/2026 07:52

College Athlete NIL Deals vs Professional Athlete Tax Implications

  • College Athlete NIL Deals vs Professional Athlete Tax Implications

    Oct 13, 2026

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Brian Masterson, a partner in our Tax practice, and Kristin Yokomoto, a partner in our Private Wealth & Family Office Services practice, recently shared their insights with Multistate Monitor on the growing tax and wealth planning challenges facing collegiate and professional athletes.

In the article, Masterson discusses how increased athlete mobility, driven in part by NIL opportunities and the transfer portal, has expanded the need for proactive tax planning. As he notes, "Every single college athlete is a free agent," and when significant compensation is involved, timing matters: "You establish your domicile first, then you have your liquidity event second."

Kristin Yokomoto highlights the importance of addressing wealth transfer and estate planning issues alongside tax considerations, particularly when athletes move between states with different property and inheritance laws. As she notes, "It's really important if they're going from a community property state to a common law state or vice versa, with respect to their estate planning documents and how their assets will be treated," underscoring the need for proactive planning as athletes' careers and earnings evolve.

Read the full article: Multistate Monitor

Frost Brown Todd LLC published this content on October 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 13, 2026 at 13:52 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]