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Last year, there was a 146% increase in NIL deals with almost 2,000 deals made across 16 sports. Young athletes may face financial literacy gap as their wealth-building chances grow [Video] Skip ...
As part of the agreement, NIL deals between college athletes or recruits and those deemed boosters of a school will be subject to review for “a valid business purpose related to the promotion or ...
Behind-the-scenes deals marred the integrity of college sports long before NIL contracts. Allowing public universities to keep outside payments to athletes private will only invite more skulduggery.
Several startups like ATHLYT have begun to connect advertisers with their student-athlete members shortly after the NCAA enacted their interim NIL policies. Grambling University signed what is believed to be one of the first NIL deals in 2022. [10] In July 2023, multiple bills were introduced by members of Congress to regulate NIL. [11] [12] [13]
Once a Missouri high school athlete signs a written agreement (such as a letter of intent or a financial aid agreement) with an in-state school, he or she is eligible to begin receiving NIL money ...
When Congress was unable to reach a consensus on the best approach for NIL, individual state laws began going into effect on July 1 of last year. Ten months later, very little, if anything, has ...
As tax day approaches, parents of high school athletes with social media and "name, image, and likeness" deals need to make sure that the IRS doesn’t come for their children’s assets.
John Ruiz and his company LifeWallet made national headlines in late April as they announced an $800,000 sponsorship deal with a University of Miami basketball player, Nijel Pack.