Yes we pay directly up to 20m.. but NIL will be much more public
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NIL deals have been mostly private transactions that don’t live in the public record. That could change as the settlement knocks out the last semblance of amateurism.
The settlement would put national NIL guidelines in place, mandating the recording of any third-party NIL payments over $600 to a clearinghouse run by the accounting firm Deloitte (more on that later).
NIL collectives will be impacted by the settlement as well. Some schools intend to absorb collectives (and any existing funds and resources) into the athletic department, or shutter them all together. Others are keeping the collective separate as another means to facilitate those outside, over-the-cap NIL deals.
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NIL deals have been mostly private transactions that don’t live in the public record. That could change as the settlement knocks out the last semblance of amateurism.
The settlement would put national NIL guidelines in place, mandating the recording of any third-party NIL payments over $600 to a clearinghouse run by the accounting firm Deloitte (more on that later).
NIL collectives will be impacted by the settlement as well. Some schools intend to absorb collectives (and any existing funds and resources) into the athletic department, or shutter them all together. Others are keeping the collective separate as another means to facilitate those outside, over-the-cap NIL deals.
