The following Q & A's are from the NCAA NIL policy. Click HERE to receive the entire report:
1. What is a name, image, and likeness activity?
It is an activity that involves the use of an individual’s name, image, and likeness for commercial or promotional purposes.
2. What is the effective date of the interim NIL policy?
The effective date is July 1, 2021.
3. How long will the interim NIL policy remain in effect?
Until federal legislation or the NCAA adopts new rules.
4. What is the impact of the interim NIL policy on prospective student-athletes?
Prospective student-athletes may engage in the similar NIL opportunities available to current student-athletes under the interim NIL policy without impacting their NCAA eligibility. NIL opportunities may not
be used as a recruiting inducement or as a substitute for pay-for-play. Individuals are encouraged to consider state laws, if applicable, and the rules of any relevant amateur governing bodies.
5. Will compensation for NIL activities jeopardize a prospective student-athlete's high school eligibility?
Given that rules vary by state, prospective student-athletes should consult their state high school athletics association regarding questions about high school eligibility.
Again, to see the entire NCAA report on NIL, click HERE. For additional reading and clarification of NIL, click HERE.
Many student-athletes leverage their notoriety in high school and youth sports to accumulate massive followers on social media channels, regardless of the sport they play.
Earnings can vary widely.
For many student-athletes, earnings generated by NIL are adequate to help pay for books, lodging, food, and other misc college-related expenses. Other student-athletes may end up earning significantly more.
Let's have a conversation to see if the NIL approach makes sense.