House v. NCAA settlement approved: Landmark decision opens door for revenue sharing in college athletics

[huskymedic]

-> Central Connecticut is competing for recruits against schools that will share revenue and have NIL opportunities. Central coach Patrick Sellers opens recruiting pitches with a declaration, as follows: “I’m going to be 100 percent honest. We don’t have NIL money. So if you’re looking for money, let’s save each other time. I’m not going to waste your time, you’re not going to waste my time and we can just move on.”

Everybody wants money.

The fact that not everybody gets the amount they’re looking for creates a market to tap into later.

“Now we have a pool,” said Sellers, whose team has won back-to-back NEC regular season titles. “We go to that pool, and usually it’s young guys who are transfers who didn’t play a ton, or they’re going to be freshmen who don’t have the four stars. We can get involved with that group and it’s been good for us. And I tell them, the way the world works, if you come here and play well and we win, the money is outrageous so I’m going to help you. If you come here and do your school work and you’re in class and you’re on time, do all the right things and you become an attractive guy, I’m going to help you go to another level.” <-

 

[HooperScooper]

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.

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.

www.espn.com

 

[UConnTrumbull]

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.

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.

www.espn.com

Return of the bag man soon