What College Teams Are Getting The Most Out Of NIL | GMTM
Gmtm Logo
SIGN UP
Gmtm Logo

What College Teams Are Getting The Most Out Of NIL

ByLily Ford

Published on Mon Aug 16 2021

|

2 min read

What College Teams Are Getting The Most Out Of NIL

College sports has drastically changed now that players can benefit from NIL (Name, Image, Likeness.) Student-athletes are already bringing in big dollars and brand deals. What we are starting to see more is an entire team benefiting from NIL.

Starting on July 1st, college athletes starting putting pen to paper to make big deals and for the first time in history they can start making money. This is a game changer in the sport and we are going to see more deals happen. For example, entire teams getting deals.

University of Central Florida Women's Basketball team is one of the first teams to get a deal that is for the entire team. College Hunks Hauling Junk will be sponsoring the full team. So, what does that look like?

Each student-athlete on the team can earn $500 if they promote the Tampa based business on social media. Not only that, but they could earn more through commission.

UCF is the first team to put pen on paper for a whole team to benefit from NIL but they aren't the only ones that are starting to bring deals in.

College Hunks Hauling Junk also signed a deal with University of Miami's quarterback D'Eriq King.

Speaking of Miami football, they also scored a deal that would benefit the whole team. America's Top Team, a MMA and Brazilian Jiu-Jitsu gym as offered $500 a month to Miami football players who promote the gym and brand.

Let's put this into perspective. If all scholarship athletes jump on this deal, each player would be making about $6,000 a year. The investment that American Top Team is putting into Miami football is $540,000 a year.

It is interesting to see how businesses are taking advantage of the NIL. It is benefiting college's and student-athletes in a big way. Athletes are creating their own logos and brands. The deals they are signing range from cell-phone service providers, a sweet tea, merchandise deals, auto shops, apparel companies, nutrition companies, and more.

We will see how the NIL plays out as athletes continue to sign deals. Keep your eye out for full teams benefiting from NIL. It hasn't been as popular yet but there is potential for brands to take advantage of this new deal.

Are you an Athlete?

Create a free profile to access the largest network specifically designed to connect athletes to opportunities. Get started.

RELATED ARTICLES
Major League Baseball: What Caused The Major Player Contracts In The MLB?

Major League Baseball: What Caused The Major Player Contracts In The MLB?

The highest-paid baseball player in Major League Baseball is pitcher Max Scherzer from the New York Mets.Scherzer will be bringing in 130 million dollars on a 3-year contract...

ByAmanda Tylka | Fri Jul 22 2022
College Football: Three Transfer Portal Players to Watch in 2022

College Football: Three Transfer Portal Players to Watch in 2022

It's not even four years old, but it's hard to even remember what college football was like before the creation of the transfer portal. Often stuck on depth charts or in a situation that didn't suit...

ByBryan Armetta | Sat Jun 25 2022
How to Make Money as an Athlete

How to Make Money as an Athlete

Athletes are influencers now, like it or not... Here's how you capitalize on...

ByLeland Dutcher | Thu Jun 02 2022
Division-II Sports: How do D2 athletics compare to NCAA Division-I?

Division-II Sports: How do D2 athletics compare to NCAA Division-I?

NCAA Division-II sports are at the intermediate level of competition in the National Collegiate Athletic Association. It is the middle ground essentially between Division-I...

ByScotty Jenkins | Thu Aug 11 2022
Advancing GMTM’s Mission at the William V. Campbell Summit

Advancing GMTM’s Mission at the William V. Campbell Summit

Today, August 4, 2022, marks the beginning of the weekend to celebrate the 4th Annual Campbell Trophy Summit [https://www.campbelltrophysummit.org/]. This prestigious summit assembles past and...

ByTiffany Allen | Thu Aug 04 2022