Spry 5 – October 14, 2021
With NIL deals happening on your campus and around the collegiate sports scene, how can you ensure YOUR student-athletes are getting their fair share of opportunities? Below are a few great articles that discuss following the NIL regulations and finding unique opportunities for your athletes who participate in SMALLER sports.
But before you get to those articles – did you see that Spry CEO, Lyle Adams, was featured in Sportico’s article by Daniel Libit discussing the future of #NIL?
MAKE SURE YOU ARE PLAYING BY THE RULES
In order to play the game, you have to know the rules.
It is important for Student-Athletes to educate themselves on laws in both the state where they reside and the state where the attend college. The Spry software has a feature that can be customized to help your institution manage brand conflicts so that no athletes enter into a deal that is considered “illegal” by state regulations or institution rules.
NIL DEALS FOR EVERYONE
NIL deals aren’t just for “big-time” athletes.
There are many ways for athletes from all sports programs to get involved in NIL. In this article FAU disclosed that the local NFL team, the Florida Panthers, offered every FAU female student-athlete the opportunity to be team ambassadors and part of the Panther’s street team. Athletic Directors can empower their student-athletes by encouraging them to research these opportunities and take advantage of them when available.
TEAM NIL DEALS, OR NOT?
How do you feel about NIL group licensing deals?
This article written by Amanda Christovich provides great commentary on how these deals can happen among NCAA athletes are not unionized.
29 stated have passed their own NIL legislation.
Find out in more in our state-by-state guide
The market value of name, image and likeness? Reputation
The name, image and likeness industry has emerged and it’s taking college sports by storm. On July 1, the NIL floodgates opened and a frenzy of athletes are entering deals.