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A NIL Collective for Basketball - It's a Shame Syracuse Doesn't Have One
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[QUOTE="Consigliere, post: 5756648, member: 559"] Don't know why they are not emphasizing the marketplace exchange features any longer. Pretty efficient porgram. A business or individual can register, is approved by compliance, then has access to communicate and transact with any registered player. This can be anything from a request for an autograph, personal appearance or social media post to a six figure sponsorship deal, Any transaction proposal is approved by compliance Person offering the transaction certifies that all requirements have been met and provides source of funding (bank account or credit card.) Payment is issued through the platform minus a small fee (1 1/2%?) and reported to Compliance. At the end of the year the athlete receives an aggregated 1099. There is some administrative burden on the school to cleanse player lists and registrations in addition to compliance interaction but overall a fairly frictionless tool that worked great for me. [/QUOTE]
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A NIL Collective for Basketball - It's a Shame Syracuse Doesn't Have One
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