THE ENFORCER: THE NEWLY CREATED COLLEGESPORTS COMMISSION (“CSC”). THIS BODY WAS CREATED PER “HOUSE”SETTLEMENT BY THE POWER 4 CONFERENCES AND IS INDEPENDENT OF THE NCAA. SEE:https://www.collegesportscommission.org/
WHAT IS MOST IMPORTANT FOR YOU TO KNOW RIGHT NOW:
1. DISCLOSURE & VETTING OF NIL DEALS – “NIL GO.” THENATIONAL ACCOUNTING & CONSULTANCY FIRM DELOITTE WAS HIRED TO BUILD A SOFTWARE PLATFORM AND CLEARINGHOUSE FOR THE DISCLOSURE, VETTING, AND COMMUNICATIONS FOR “TRUE” NIL DEALS. YOU SHOULD REGISTER AT NIL GO.
2. WHEN DOES THIS START? THIS IS CONFUSING. THE SAFE BETIS “NOW” FOR ANY DEALS THAT ARE NEW AND/OR THAT WILL INVOLVE PAYMENT AFTER JULY 1.
3. WHAT NIL DEALS MUST BE DISCLOSED AND BY WHEN? ANY NIL DEAL BASICALLY WITH A PARTY OTHER THAN YOUR COLLEGE/UNIVERSITY $600 AND ABOVE MUST BE DISCLOSED THROUGH NIL GO WITHIN 5 DAYS
4. WHAT IS THE STANDARD FOR REVIEW? –THE VALUE FOR THE USE OF YOUR NIL MUST BE “FAIR MARKET VALUE” AND NOT PAY FOR PLAY. THE FACTORS CONSIDERED ARE: (1) THE RELATIONSHIP BETWEEN THE “PAYOR” AND THE SCHOOL; (2) WHETHER THE ATHLETE “SELLS A GOOD OR SERVICE” IN EXCHANGE FOR THE MONEY; AND (3) WHETHER THE MONEY OFFERED IS “COMMENSURATE” WITH OTHER NIL DEALS.
5. WHAT WILL A DECISION THROUGH NIL GO LOOK LIKE?
Cleared –The deal meets necessary requirements and can proceed.
Not Cleared – The deal fails to meet necessary requirements. You have three options to consider (further explained below).
Flagged for Additional Review – A deal may be flagged for additional review due to concerns regarding payor identity, compensation amount, or contract terms.
If a deal is not cleared, YOU can:
Revise the deal and resubmit: work with the payor to renegotiate the deal and resubmit it to NIL Go.
Cancel the deal: cancel the deal and refund any money already received.
Appeal to neutral arbitration through a neutral arbitration process to obtain a neutral review of the decision.
If you continue with the deal as submitted, you may face enforcement consequences, which could include the loss of your eligibility.
