Preparing NYC Honor athletes for the business of basketball. From NIL deals to taxes to investing — master the financial playbook before you even get to college.
NIL refers to an athlete's right to profit from their own name, image, and likeness. Since 2021, college athletes can earn money through endorsements, social media, appearances, and more — but with that comes tax obligations, contract complexity, and financial decisions most young athletes aren't prepared for.
NYC Honor's Finance Program educates our athletes early. Understanding money management, taxes, and legal rights is just as important as developing a jump shot. Our program director Nas Perovic has facilitated over $2M in NIL opportunities for players nationwide.
Through interactive modules, real-world tools, and expert guidance, our athletes graduate the Honor System financially literate and ready to capitalize on every opportunity.
Six comprehensive modules covering everything a student-athlete needs to know about money, NIL, and building long-term wealth.
Learn the basics of cash flow, budgeting, and why your first $1,000 saved is the most important investment of your life.
FoundationW2 vs 1099, quarterly tax estimates, self-employment tax, deductions, and when to form an LLC. Don't lose your NIL income to mistakes.
CriticalStep-by-step guide to building a 750+ credit score. How to use credit cards as a tool, not a trap. Protecting your financial reputation.
EssentialStocks, ETFs, and index funds. How to make your money work while you stay focused on the game. The power of compound growth.
GrowthInsurance, security, and avoiding the "athlete tax" of bad advice and hangers-on. Protect what you've built.
DefenseHow to hire an advisor, agent, and accountant. Understanding that you are the CEO of your own brand.
LeadershipMost NIL deals are 1099, meaning no taxes are withheld. You are an independent contractor, and you are responsible for filing.
The IRS wants their cut every 3 months. Learn how to calculate and pay your quarterly estimates to avoid penalties.
Agent fees, travel for content shoots, and equipment can potentially be deducted. Keep every receipt.
When is it time to form a business entity for your brand? Learn the pros and cons of an LLC for elite NIL earners.
See how even a small amount saved every month from your NIL deals can grow into a massive fortune before you retire from the league.
NYC Honor's financial education program is available to all athletes in the program. Join us and start your journey to financial literacy.