US EditionHouse Subcommittee Advances NIL Framework for College Sports
UNITED STATES, JUL 15 – The College Sports Commission challenges collectives' NIL payments lacking commercial goods or services, risking delays in a multibillion-dollar settlement affecting thousands of athletes.
- Last week, the College Sports Commission sent athletic directors a letter rejecting deals by collectives created solely to pay athletes without offering goods or services.
- Less than two weeks after the settlement terms took effect, friction erupted over the definition of a `valid business purpose` that collectives making NIL payments are supposed to have.
- Examples include collectives charging admission fees for athlete appearances and selling merchandise solely to fund athlete payments, both deemed to lack a valid business purpose by the CSC.
- Jeffrey Kessler threatened to take the dispute to a judge overseeing the settlement, and a lead players' attorney asked the CSC to rescind guidance that contradicts the settlement terms.
- According to Yahoo, a CSC spokesman said the parties are working to resolve differences and that the guidance is `entirely consistent with the House settlement and the rules agreed upon with class counsel`.
55 Articles
55 Articles
Kai Trump announces 1st major NIL partnership with Accelerator Active Energy in presidential fashion
Kai Trump, the 18-year-old granddaughter of President Donald Trump, has her first NIL partnership, and how she announced it seemed only fitting given her family ties. Trump joined Accelerator Active Energy, the energy drink brand that earned acclaim for launching "The Livvy Fund" with former college gymnastics champion Livvy Dunne to support women's college athletes, as an NIL partner and equity partner. It was a presidential-themed announcement…
The Peterborough Examiner
Argument over ‘valid buisiness purpose’ for NIL collectives threatens college sports settlement
Less than two weeks after terms of a multibillion-dollar college sports settlement went into effect, friction erupted over the definition of a “valid business purpose” that collectives making name, image likeness payments to players are supposed to have.
Argument over 'valid buisiness purpose' for NIL collectives threatens college sports settlement
Less than two weeks after terms of a multibillion-dollar college sports settlement went into effect, friction erupted over the definition of a “valid business purpose” that collectives making name, image likeness payments to players are supposed to have.
Associated Press News
Argument over 'valid buisiness purpose' for NIL collectives threatens ...
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