Tennessee is increasing the cost of tickets for all sports by 10%, with the "talent fee" being used to help pay athletes as part of the revenue-sharing plan.
NCAA Sued by States for ‘Unfair’ Limits on Student Athletes
The National Collegiate Athletic Association was sued by a bipartisan group of US states over restrictions that allegedly hinder the ability of student athletes to get a better cut from the commercial use of their names and images, including on video games and merchandise.
Missouri law will open NIL profits to high schoolers
Missouri lawmakers have passed legislation amending the state’s rules around name, image and likeness payments for student athletes, allowing some to access the financial benefits before they even arrive on a college campus. The law will allow athletes to begin profiting from endorsement deals while still in high school—as long as they sign a letter of intent to attend a public university in Missouri. Passed by the state Legislature in May and signed by Governor Mike Parsons yesterday, it will take effect Aug. 28, as the fall semester—and football season—gets underway.
New rules make star college football players millionaires
Glance around the parking lot of the Woody Hayes Athletic Center at The Ohio State University this fall and you might come across a $200,000 palace on wheels, the kind of luxury ride more likely to be found in the garages of movie stars, music moguls and titans of business than on a college campus.
How one Michigan State NIL deal improved the life of a student athlete | Bridge Michigan
It’s not just big-name stars who are reaping the benefits of new rules allowing college athletes to cut endorsement deals. Name, Image and Likeness policies are easing the financial struggles of thousands of student athletes.
Saban: Current state of college football not 'sustainable'
TUSCALOOSA, Ala. (AP) — Nick Saban's willingness to adapt and often be a catalyst for change in college football, both on the field and off, has propelled Alabama to six national championships in 13 seasons.
College athletes are making endorsement money 'at a clip much higher than we expected,' Opendorse CEO says
College student-athletes can now profit off of their name, image, and likeness (NIL) on an interim basis as of July 1, and data indicates that student-athletes are taking afvantage of the new rules.
“.@opendorse shared its July data with @SINow.
Highlights:
- 88% of NIL transactions were from social media
- 46% of NIL money was from social media & 29% from using a player's likeness in ads
- one athlete earned $210,000 in total NIL compensation in July, but average was $471”
Higher earning: How much money could college athletes make from NIL rights?
The NCAA is moving closer toward allowing college athletes to make money from their names, images and likenesses. What could they earn? We checked with the experts.
College Athletes Are Ready To Reap The Rewards Of A Billion-Dollar NIL Market. Opendorse Is Here To Help.
Name, image and likeness legislation is set to take effect in six states, allowing college athletes to be paid for the first time, and marketing platform Opendorse is poised to capitalize.