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NIL
Posted on 5/17/24 at 10:09 am
Posted on 5/17/24 at 10:09 am
Help me out on this, I don't know the legalities or limits to NIL
In the simplest of terms, Name, Image and Likeness (NIL) is a term that describes the means through which college athletes are allowed to receive financial compensation. NIL refers to the use of an athlete’s name, image, and likeness through marketing and promotional endeavors.
My question: Is it legal or acceptable for a certain group, like co owners of a business, or family members of an existing team player, to offer NIL money to another player, that would improve the chances for success, to the original player?
In the simplest of terms, Name, Image and Likeness (NIL) is a term that describes the means through which college athletes are allowed to receive financial compensation. NIL refers to the use of an athlete’s name, image, and likeness through marketing and promotional endeavors.
My question: Is it legal or acceptable for a certain group, like co owners of a business, or family members of an existing team player, to offer NIL money to another player, that would improve the chances for success, to the original player?
Posted on 5/17/24 at 10:21 am to RockoRou
There’s no such thing as legal or illegal in todays NIL recruiting. It’s literally the Wild Wild West out there. If a player is only worried about money the highest bidder will get him. That’s all you need to know. There aren’t any rules and if there is then no one is following them.
This post was edited on 5/17/24 at 10:23 am
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