Spry 5 – February 22, 2022
THE FUTURE IN SPORTS
On Sunday, February 13 sports fans around the country were able to watch the Olympics and Super Bowl. As athletes competed on the biggest stage, fans were left to reflect on how they reached the pinnacle of the sports world. Many were collegiate athletes at one point – and these days the opportunities are bigger than ever.
Is there a benefit to state NIL laws?
A number of forward-thinking states passed legislation in late 2020 and early 2021 to establish laws governing how NCAA athletes could profit off of their names, images and likenesses. Now some states are rethinking those laws and are considering updated legislation so they remain consistent with other states.
NIL and crypto currency – words of the future!
If you can keep up with the terms ‘NIL’ and ‘cryptocurrency’, you are ahead of the game. Recently, several FSU softball players confirmed that they understand both of these terms by signing a deal with FTX.
FUTURE OF COLLEGIATE ATHLETICS
How big is the push and pull of athletics?
We can see the impact of intercollegiate athletics on universities and colleges. Sports foster the feeling of community around collegiate campuses, encouraging people to be a part of something. And the student-athletes are the face of the growing industry. What does the future hold for intercollegiate athletics?
Kentucky in the news
In Kentucky, lawmakers are moving forward with NIL legislation. Since last summer, an executive order signed by Gov. Andy Beshear took effect this was a short-term response pending state or national action. Now, as the collegiate sport industry continues to change, Kentucky has put out a plan that would set framework for college athletes to profit off their name, image and likeness but much of how it would be regulated would be left up to schools.
Spry CEO topping the headlines
Wake Forest University recently featured Lyle Adams and his success with Spry.