Ok, as I'm reading more on the terms of the House -v- NCAA, a few additional points I think I now understand. Today is my first day back from vacation so I'm catching up a bit on my daily OTF. lol.
A few points for additional clarity. Gerry or Bobby, please correct me if I'm misrepresenting anything here:
1) Any NIL deal signed under contract prior to last Friday night at midnight will not be challenged. Those deals are effective and in place and they do not count against the $20.5m cap because they are from the collective and not from the school. Is that correct? So theoretically, the team currently could have $25m worth of contracts in place with the NIL and all of those are still in effect IN ADDITION to the fact that the University can now begin paying an the $20.5m for this upcoming school year. That is different than what I originally understood but it makes sense as a bridge to the future. For Canaday as an example, since she signed her NIL last Friday for another $1m next year from the collective, it's good and enforceable and won't conflict with the payments from the university.
2) All new NIL deals (whether it's from collectives or from companies directly) will have to be submitted into the review / approval process for Deloitte to administer and approve if the total value exceeds $600. So for Arch, his Redbull contract won't get reviewed that he's already executed; however if his next deal is ready to be signed this week, he'll need sign-off by the new sports commission and Deloitte before he can officially execute the agreement and receive payment.
3) This seems to be a clear case of WTF when it comes to Deloitte determining 'market value' for these NIL deals. Arch signing a $5m deal with Rolex may be easier to approve than a $1m deal with Ray's Used Cars for weekly 11p commercial spot. Btw, that $1m from Ray's Used Cars probably got funded from a booster and how is Deloitte going to make that discovery to realize the NIL payor is actually just the middle man and the billion dollar booster is the true funding source? How in the heck will Deloitte have any chance of actually maintaining some kind of market integrity? What does that even mean to be in compliance?