2023 5-Star Recruit Reportedly Signs $8 Million NIL Deal

According to The Athletic, a 2023 recruit has signed an agreement with a school’s NIL collective that could pay him more than $8 million over four years. The recruit will be paid $350,000 almost immediately. This deal will then be followed up by monthly payouts that equal more than $2 million per year.

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“Whatever casual sports fans or coaches think student-athletes are earning from collectives, they’re (undershooting) by 10X. While $2 million (a year) is wild, $200,000 isn’t, but most people are thinking they’re getting $20,000,” Lawrence told The Athletic.

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(The Spun)