NIL commission approving most deals submitted

[ArizonaLonghorn]

From an ESPN article - https://www.espn.com/college-sports/story/_/id/46154733/more-8300-nil-deals-worth-80m-approved-new-commission

For me the key takeaway is that > 8,300 deals, worth $80 million, have been approved.  None have been rejected totally - "332 deals had not been cleared to date and 75 had been resubmitted, while none had entered arbitration, which is available for parties who feel their deals have been wrongly rejected."

This is good news for the student athletes, great news for the rich schools (like Texas) equipped to play the new NIL game, bad news for the bagmen of old.

Quotes, in case you have problems accessing the link

"The new College Sports Commission has cleared more than 8,300 name, image and likeness deals worth nearly $80 million, it said Thursday in its first full update on how the new system is working.

The commission, which is in charge of approving contracts worth $600 or more between college athletes and third-party companies, said 28,342 students signed up on its NIL Go platform between June 11, when it launched, and Aug. 31. Nearly 3,200 "representatives" or agents had also signed up.

...

The commission said the most common clearance issues were delays in attesting to or providing required information; contradictory deal terms; misreporting of deal terms or mistakes in entering deal terms; and deals that don't satisfy the "valid business purpose" requirement that caused confusion when the platform first rolled out. [ this valid business purpose clause was what most NIL co-ops were most worried about ]

The CSC said values of the deals ranged as high as $1.8 million [ so probably they are just going on an annual basis instead of multi-year deals?  Assuming the reported numbers for say Felix Ojo and Mark Bowman etc were accurate ]

[Inspired73]

i like your content, but you need to adjust your headline...........25% is not MOST.

Given the known anticipated volume, the "staffing" and general plan of attack was miserable.  I do think most deals will eventually be approved.  This is just another example of the NCAA (and its affiliates) being woefully myopic.  The NCAA motto is "We swim up-stream, and no one does it better."

 

 

[Hashtag]

45 minutes ago, Inspired73 said:

i like your content, but you need to adjust your headline...........25% is not MOST.

Given the known anticipated volume, the "staffing" and general plan of attack was miserable.  I do think most deals will eventually be approved.  This is just another example of the NCAA (and its affiliates) being woefully myopic.  The NCAA motto is "We swim up-stream, and no one does it better."

 

 

This sounds like a paid for publicity article to make the process look great or better than they really are.