Financial Education for Collegiate Athletes and Families in Florida's Capital.
Where government, higher education and collegiate athletics shape daily life, a clear understanding of income, taxes and steady habits matters more than any single payday. Education comes first.
A City Where Public Life and Campus Life Share the Same Streets.
Florida's capital is a true college town — a place where state government, higher education and collegiate athletics define the rhythm of an ordinary week, and where the cost of living stays among the most approachable of any college community.
That combination shapes how money is understood here. Income often arrives for the first time, and it is usually modest rather than headline-making. A lower cost of living can make early dollars stretch further — but only when the habits behind them are sound. The aim of this page is not to promise outcomes. It is to make the moving parts clear, so an athlete and the people around them can make calm, informed decisions together.
Understanding the Money Comes Before Managing It.
For most first-time earners, the first need is not investment management — it is plain-language education. These are the questions worth understanding early.
What Kind of Income Is This?
Name-image-likeness compensation, collegiate revenue sharing and one-off opportunities are not all the same. Knowing how each is classified is the starting point for everything that follows.
What Happens at Tax Time?
New income can carry obligations that are easy to overlook — including self-employment considerations and setting money aside before it is spent. We explain the landscape and coordinate with qualified tax professionals.
How Do I Make It Last?
A simple, repeatable approach to spending, saving and setting goals matters far more than the size of any single check — especially when most collegiate income is modest.
Decisions Made Together, Across Generations.
In a capital city built on public service and community ties, money decisions are rarely made alone.
Parents, grandparents and mentors are often part of the conversation — sometimes as the first people an athlete turns to. We respect the athlete as the earner while creating space for the family to learn alongside them, so shared decisions are made with shared understanding rather than assumption. The goal is a household that talks about money clearly and stays connected as circumstances change.
Knowing the Rules That Shape the Conversation.
Florida's 2025 framework sets the backdrop for how collegiate income and the people advising it operate. Understanding it helps a family ask better questions.
Licensed Agents
Athlete agents operating in Florida are subject to DBPR licensing requirements, a baseline worth confirming before signing anything.
Fee Cap
A 5% cap applies to fees charged by NIL collectives, one of several guardrails shaping how compensation reaches an athlete.
Literacy Workshops
Institutions are expected to provide financial-literacy workshops — a foundation that thoughtful, ongoing education can build upon.
Revenue Sharing
Direct revenue sharing is now part of the picture, adding another income type for athletes and families to understand.
Independent, Fee-Based Guidance Is Built Differently.
In a landscape with several kinds of professionals, it helps to understand how guidance is structured — because structure shapes incentives.
A fee-based fiduciary firm is engaged to provide planning and investment guidance, and is held to a fiduciary standard in doing so. That is structurally different from arrangements where a representative earns commissions tied to particular products or transactions. Neither this page nor a conversation is a judgment of any other professional — it is simply an explanation of how independent, fee-based advice differs, so a family can recognize the distinction and decide what fits. We do not provide athlete representation, contract or endorsement negotiation, recruiting or legal services.
Building a Foundation That Holds Up After the Season.
In an affordable capital city, modest income handled well can do real work. The habits below are designed to last beyond any one year on a roster.
Save Before You Spend
Setting money aside first — including for taxes — turns a one-time payment into a lasting base rather than a passing one.
Keep It Simple
A plan you understand and can repeat is worth more than a complicated one. Clarity is the point, not sophistication.
Stay Connected Locally
A low cost of living and strong community ties can support stability and even public-service goals — habits that travel well wherever life leads next.
Ducat Private Wealth is independent and is not affiliated with or endorsed by any university, athletic department, NIL collective, professional sports organization, league, entertainment company, or agency unless expressly stated in writing.