A minor typically needs parent involvement. For example, most states don’t allow a minor to enter a legally binding contract. Nothing prevents a minor from licensing their NIL though.
Schools need to be extremely wary of these consulting firms that seemingly popped up over night once NIL entered the picture. No one knows what is going on, but schools are tossing a ton of money at people that tell them they do.
You start putting non-competes like that in the scholarship papers and things are going to get messy in a hurry, in my opinion. Which is fine to an extent because accelerationism isn’t the worst thing with the ncaa.
caffeine is banned on campus though isn’t it? I feel like byu students aren’t supposed to drink it. So it may seem silly but this is no different than saying no alcohol or tabacco or porn companies
How does it work with Olympic athletes? Can Olympic athletes do an endorsement with companies in competition with USOC sponsors?
Just get rid of scholarships and give the kids the money. You get the equivalent or tuition + room/board+ stipend each year. Let the kids decide how they spend it. Either on their tuition or other stuff. Seems like it would be easier
Can’t wait for some coach to go apeshit because his QB was hungover due to a club appearance promoting his own line of condoms. It’s a new day!
the one thing michigan can own with the brand, the money in the fan base, all the alumni in the agent and entertainment world and they fail this miserably.....
that moves quickly into employer/employee status. Which I’m not sure is a bad thing, but gets complicated.
Ohio State signed a deal with Opendorse that was announced in May. Opendorse has a partnership with Twitter and is a leader in assisting athletes monetize their social media. Opendorse is working with our athletes now. Ohio State also has IMG involved. IMG has been managing media rights since 2009 and handles all the licensing OSU does not do in house. When the NCAA killed the EA Sports franchise in 2014 over NIL, IMG negotiated a deal through CLC (collegiate licensing company) to escrow NIL royalties until players went pro, then pay them. The NCAA killed that too. I said this before, but IMG has been waiting until this moment ever since.
Just clarifying since those unfamiliar could have read your post and thought they weren't part of the same org.
I imagine that has to be taken up with the feds. From what I understand their visas contain stipulations about "work".