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Big Ten, Big 12 Partner with PayPal to Facilitate Student-Athlete Payments

On June 26, 2025, PayPal announced long-term agreements with two major collegiate athletic conferences to handle payment distribution to student-athletes.
These agreements come after a recent court settlement, effective July 1, 2025, permitting institutions to allocate up to $20.5 million in payments to current student-athletes.
The partnerships designate PayPal as the exclusive payment platform, enabling athletic departments to securely and efficiently disperse revenue-sharing payments to players.
Big 12 Commissioner Brett Yormark described the alliance as a groundbreaking collaboration, while PayPal CEO Alex Chriss expressed enthusiasm about advancing changes in college sports by simplifying how student-athletes receive payments.
The collaboration is expected to modernize athlete compensation and campus commerce, with payment rollouts starting summer 2025 and Venmo expanding campus spending options.

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CBS Sports

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PayPal to disperse revenue-sharing payments to athletes in Big Ten, Big 12; will not acquire naming rights

The Big 12's deal with PayPal is worth nearly $100 million over five years, sources tell CBS Sports.

22 hours ago·United States

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Daytona Beach News-Journal

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The News-Press

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How will UCF athletes receive rev-share payments? PayPal, Big 12 enter 5-year partnership

PayPal's five-year partnership with the Big 12 Conference is worth nearly $100 million, according to reports from Yahoo and CBS Sports.

1 day ago

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Sports Illustrated

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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.

1 day ago·New York, United States

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Investing.com

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PayPal partners with Big Ten, Big 12 to handle student-athlete payments

1 day ago

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PR Newswire

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Big Ten and Big 12 Enter Historic Partnerships with PayPal to Enable Institutional Payments for Student-Athletes in New Revenue Sharing Model

/PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL), a global leader in payments, today announced multi-year agreements with the Big Ten and Big 12...

1 day ago·United States

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CNBC

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NBC New York

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PayPal teams up with the Big Ten and Big 12 to enable payments to student-athletes

A new partnership between the Big Ten and Big 12 conferences and PayPal will allow student-athletes to receive their compensation via the fintech company.

1 day ago·United States

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