Printable Page
01/12 13:30 CST College watchdog group rejected 500-plus NIL deals worth nearly
$15 million, but cleared many more
College watchdog group rejected 500-plus NIL deals worth nearly $15 million,
but cleared many more
By EDDIE PELLS
AP National Writer
The College Sports Commission has rejected nearly $15 million in name, image,
likeness agreements since it started evaluating them over the summer,
representing more than 10% of the value of all the deals it has analyzed and
closed.
The CSC released its latest statistics Monday, saying it did not clear 524
deals worth $14.94 million, while clearing 17,321 worth $127.21 million. All
the data was current as of Jan. 1.
The numbers came against the backdrop of a "reminder" memo the commission sent
to athletic directors last week, citing "serious concerns" about contracts
being offered to athletes before they had been cleared through the commission's
NIL Go platform.
The CSC is in charge of evaluating all deals worth more than $600 that are
offered by third-party businesses that are often affiliated with the schools
recruiting the players.
"Without prejudging any particular deal, the CSC has serious concerns about
some of the deal terms being contemplated and the consequences of those deals
for the parties involved," the Friday night memo said.
The CSC said primary reasons for deals not being cleared were that they lacked
a valid business purpose; they didn't directly activate a player's NIL rights,
instead "warehousing" them for future use; and that players were being paid at
levels that weren't "commensurate with similarly situated individuals."
The memo reminded ADs that signing players to deals that hadn't been cleared by
the CSC left the players "vulnerable to deals not being cleared, promises not
being able to be kept, and eligibility being placed at risk."
Other statistics from the latest report:
---There were 10 deals in arbitration as of Dec. 31, eight of which have since
been withdrawn. All involved a resolved administrative issue at one school not
named by the CSC.
---52% of deals submitted to NIL Go were resolved within 24 hours.
-- 73% of deals reached resolution within seven days following submission of
all required information.
--56% of the 10,848 athletes who have at least one cleared deal play football
or men's basketball.
___
Get poll alerts and updates on the AP Top 25 throughout the season. Sign up
here. AP college football:
https://apnews.com/hub/ap-top-25-college-football-poll and
https://apnews.com/hub/college-football
|
