US EditionBig Ten, Big 12 Partner with PayPal to Facilitate Student-Athlete Payments
UNITED STATES, JUN 26 – PayPal's multi-year deals with Big Ten and Big 12 enable secure, direct payments to student-athletes under a $20.5 million annual cap per school starting July 1, 2025.
- On June 26, 2025, PayPal revealed multi-year agreements with two major college athletic leagues to exclusively handle payment distribution to student-athletes through its platform.
- These agreements come in the wake of a recent legal resolution involving the House and the NCAA, which takes effect on July 1 and permits colleges to begin paying their athletes directly.
- The partnerships aim to modernize payment processes by providing secure, efficient, and transparent methods for athletic departments to dispense institutional payments.
- PayPal CEO Alex Chriss highlighted the company’s role in advancing changes in college sports by streamlining the process for student-athletes to access funds, while Big Ten Commissioner Tony Petitti welcomed this new chapter with enthusiasm.
- The collaborations are expected to begin rolling out payments this summer, enabling faster, reliable compensation while Venmo expands campus commerce services through a new debit card and campus spending options.
18 Articles
18 Articles
Podcast: How UTEP athletes are cashing in and the school’s hustle to keep up in NIL era
How UTEP is affected by NIL era as schools begin p | RSS.com Diego Mendoza-Moyers: Earlier this month, the world of college athletics changed forever. After the National Collegiate Athletics Association – the NCAA – agreed to a settlement with former college athletes earlier this month, Division 1 schools will now begin directly paying college athletes, splitting as much as $20.5 million annually with players of different sports. Just a few year…
Colorado Buffaloes, Big 12 Now Able To Directly Pay Athletes With PayPal
The Big 12 Conference and commissioner Brett Yormark have landed a deal with PayPal to help facilitate student-athlete compensation. Following a landmark court settlement, Colorado Buffaloes student-athletes can begin receiving direct payments on July 1.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
