Nic Mayne

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Nic Mayne

Nic Mayne

@maynenic

Lawyer to World-Changing Creators, Artists, Athletes, and Innovators | Former NHL Player Agent | Harvard Law Grad

Portland, OR Katılım Nisan 2013
6.2K Takip Edilen6.6K Takipçiler
Nic Mayne
Nic Mayne@maynenic·
@CWilcoxson @heitner Agreed, though most institutions are public entities, so perhaps slightly less unique than it would be with a private business. Legislation protects certain interests of those public entities in addition to the rights of student athletes.
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Cody Wilcoxson
Cody Wilcoxson@CWilcoxson·
@maynenic @heitner So then the primary function of the disclosure is to protect the school’s contractual relationships and IP rights. And instead of making them react to interference/infringement of those rights, they get to review a contract they’re not a party to and say yes/no. A unique setup.
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Darren Heitner
Darren Heitner@heitner·
When pro athletes sign #NIL deals, they aren't required to disclose the contracts to third parties. In fact, it could be a violation of agreements' confidentiality clauses. Why should college athletes be required to disclose NIL deals? How do athletes benefit from disclosure?
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Nic Mayne
Nic Mayne@maynenic·
@heitner Not saying it is a great justification for the disclosure requirements, just one that has some merit. Have also seen this come up with some of the “sin industry” deals that violate institution policy. Surprising how many of those brands have no idea they can’t do NIL deals.
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Nic Mayne
Nic Mayne@maynenic·
@heitner Likely few if any, but my sense is there are definitely instances where the disclosure has provided an opportunity to educate the SA on policies. ie - this NIL contract requires you to wear X brand except during team activities, here is how the school defines team activities.
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Nic Mayne
Nic Mayne@maynenic·
@CWilcoxson @heitner Brands with institution level deals certainly are, but smaller brands looking for NIL ambassadors may not be. And especially in states where pre-signing disclosure is required, gives institutions an opportunity to point out what isn’t permitted so athlete can reform their deal.
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Cody Wilcoxson
Cody Wilcoxson@CWilcoxson·
@maynenic @heitner The brands are aware of these state laws and have no excuse not to be. If they’re approaching an athlete at a competitor-sponsored schools to offer a deal that would violate state law, there is a big problem.
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Nic Mayne
Nic Mayne@maynenic·
This is an excellent series - based on my experience, this paints a very accurate picture of agent life and the Wild West of recruiting and retaining clients. As I’ve been saying to those I know in the #NIL space - hockey is your crystal ball into the future of amateur sports.
John Matisz@MatiszJohn

NEW: A series exploring the good, the bad, and the ugly of the NHL player representation business. Part 1: The Chessboard thescore.com/nhl/news/23771… Part 2: The Inside Story (featuring Gerry Johannson) thescore.com/news/2377281 Part 3: The Next Frontiers thescore.com/news/2377282

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Nic Mayne retweetledi
Miller Nash LLP
Miller Nash LLP@MillerNashLLP·
Our sports, entertainment & media team recently assisted @omorpho_fit, a cutting-edge #startup athletic equipment co., in navigating the legal challenges associated with launching an innovative new business. Read more about this fast-moving partnership: lnkd.in/eNwdXBXr.
Miller Nash LLP tweet media
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Nic Mayne
Nic Mayne@maynenic·
So true - major issue to watch. There are ways of operating a 501(c)(3) #NIL collective. But a majority of the current 501(c)(3)s have used EZ form applications (not IRS audited) and many have questionable purposes (despite advertising to donors that contributions are deductible)
Mit Winter@WinterSportsLaw

I represent a number of collectives as well and this is going to be a real issue, even for those that already have 501(c)(3) status. 501(c)(3)’s have to file a 990 every year with the IRS showing all kinds of financial information, including compensation paid to certain people.

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