There is a push to move NIL away from pay to play to true business transactions. (This is exclusive of the new revenue sharing.) That is a great thing. So deals over $600 are supposed to go through NILGo system for approval. NIL is to be reviewed for legitimate business purpose and appropriate market value. When initially setup by Deloitte and the College sports Commission (I think) Deloitte stated around 70% of external “collective” deals were not meeting requirements. I think a lot of these external collectives deals have historically required very little of the athlete to get paid large amounts. Now to comply with NILGo you have to basically get a business to pay the athlete for a service and it has to be a reasonable payment according to some market value algorithm. I’m sure that is much more difficult to get large amounts approved. Some schools that use external collectives are frustrated and doing deals and allegedly forgoing NILGo. So now some are apparently getting deals/money to athletes quicker than those complying with NILGo. See link below for a discussion.
frontofficesports.com
The JMI deal according to comments from JMI, appears to use JMI to monitor NIL deals for compliance at UK including external collectives. JMI claims that they bring UK access to its business partners and will provide easier access to NIL deals. See the link below:
New integrated NIL collaborative strengthens UK’s recruiting tools, brand growth, and student-athlete support
www.jmisports.com
UK has stated it does not preclude athletes from external collectives but implies using the in-house collective is strongly preferred.
So if some schools are just doing NIL deals through their external collectives and not running through NILGo what is their risk? They evidently believe getting recruits the money is worth the risk. I would guess this is what Mitch is referring to. that UK won’t do. I would also guess JMI will not approve any collective deal on behalf of a UK athlete that won’t meet NILGo in their opinion or hasn’t been submitted to NILGo. Risk monitoring function by JMI.
This has ZERO impact on this current BB team as some will try to say people are claiming. But look at the reports that NIL is holding up Collins recruiting. Is that a JMI deal issue or a Pope issue? Nobody can say for sure.
There is a belief that UK and JMI felt Congress was going to pass the SCORE Act which would have brought some certainty to NIL monitoring/approval etc. But Congress will not bring SCORE to a vote because they don’t have the votes to pass.
Mitch’s reaction to a rather benign question by the LHL was odd. There are some legit questions and that doesn’t make those asking a puppet being manipulated. Things are continually evolving & the contract is 15 years so there is concern will UK be locked in or can the contract adapt with changes. If nothing reels in the actions of collectives, UK will have to respond accordingly.
Hopefully this works out for UK. You have to feel Will Stein would have gotten real comfortable with this before coming on board. So there’s that.
Sorry for the novel.