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NIL deals with collectives are already being rejected.
The new agency in charge of regulating name, image, likeness deals in college sports sent a letter to schools Thursday saying it had rejected deals between players and donor-backed collectives formed over the past several years to funnel money to athletes or their schools.
Those arrangements hold no "valid business purpose," the memo said, and don't adhere to rules that call for outside NIL deals to be between players and companies that provide goods or services to the general public for profit.
The letter to Division I athletic directors could be the next step in shuttering today's version of the collective, groups that are closely affiliated with schools and that, in the early days of NIL after July 2021, proved the most efficient way for schools to indirectly cut deals with players.
www.espn.com
The new agency in charge of regulating name, image, likeness deals in college sports sent a letter to schools Thursday saying it had rejected deals between players and donor-backed collectives formed over the past several years to funnel money to athletes or their schools.
Those arrangements hold no "valid business purpose," the memo said, and don't adhere to rules that call for outside NIL deals to be between players and companies that provide goods or services to the general public for profit.
The letter to Division I athletic directors could be the next step in shuttering today's version of the collective, groups that are closely affiliated with schools and that, in the early days of NIL after July 2021, proved the most efficient way for schools to indirectly cut deals with players.
Commission rejecting some athlete NIL deals
The new agency in charge of regulating name, image, likeness deals in college sports sent a letter to schools Thursday saying it had rejected deals between players and donor-backed collectives formed over the past several years.
