NIL Market Booms, Collectives Gain Ground

The NIL market is expected to be worth around $1.7 Billion in the 2024-2025 season according to Opendorse. $1.1 billion of that is going to college football. Men’s basketball players earned around $389 million. Women’s basketball players received around $75 million. Olympic athletes have generated around $134 million dollars. The money making began back in July 2021, when the Supreme Court ruled the NCAA could not prevent student athletes from profiting by their name, image and likeness.

Since the decision, the legal fights have continued between the NCAA and state legislatures. 'It's been really interesting to watch the competitive balance between the states,' Rob Sine said, CEO of Blueprint Sports. 'Tennessee is more aggressive, Florida wants to get more aggressive, and then Texas wants to get more aggressive. More state laws are passed and repealed and then passed again.' Blueprint Sports oversees several high-profile collectives across the country. Boosters, individual donors and businesses often choose to fund collectives which then pay athletes for appearances or endorsements. The groups are estimated to control around 80% of the NIL Market. 'The schools are already spread so thin. So, for a professional services unit, they're happy to know that, hey, we'll put staff on campus, that will represent them and the student athletes,' Sine said. 'The collective as a marketing agency, we’ll handle all the operations, we’ll provide that third party arm for athletic departments where we can do negotiations with agents, we can do negotiations with athletes we can handle if an athlete enters the transfer portal, terminating the contract, or things like that.' Blueprint Sports oversees collectives from across the country, including NC State’s One Pack NIL, Colorado’s 5430 Alliance, Pennsylvania’s Happy Valley United and Arkansas’ Arkansas Edg

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Pennsylvania Housing Market Booms: Lancaster Leads with Fastest SalesPennsylvania's housing market is experiencing a surge in activity, with Lancaster emerging as the hottest market for homebuyers. The report attributes this to affordability, proximity to Philadelphia, and a thriving community.
Fuente: PennLive - 🏆 463. / 53 Leer más »

Pennsylvania Housing Market Booms in 2024: Harrisburg Leads Top 5 Cities for Buyer DemandA new report reveals Pennsylvania's housing market is thriving in 2024, with the Harrisburg area taking the lead for high buyer demand. The report identifies five cities with exceptional buyer interest, combining affordability, strong local economies, and vibrant communities.
Fuente: PennLive - 🏆 463. / 53 Leer más »

NIL market surges to $1.67 billion, calls for federal regulation growThe name, image, and likeness (NIL) market for student-athletes has seen unprecedented growth since its inception in 2021.
Fuente: 13WHAM - 🏆 256. / 63 Leer más »

NIL market surges to $1.67 billion, calls for federal regulation growThe name, image, and likeness (NIL) market for student-athletes has seen unprecedented growth since its inception in 2021.
Fuente: cbsaustin - 🏆 595. / 51 Leer más »

NIL market surges to $1.67 billion, calls for federal regulation growThe name, image, and likeness (NIL) market for student-athletes has seen unprecedented growth since its inception in 2021.
Fuente: mynbc15 - 🏆 262. / 63 Leer más »

NIL market surges to $1.67 billion, calls for federal regulation growThe name, image, and likeness (NIL) market for student-athletes has seen unprecedented growth since its inception in 2021.
Fuente: KUTV2News - 🏆 281. / 63 Leer más »