College Sports Commission announces NIL Go has cleared $87.5 million in deals

The College Sports Commission released its latest data Thursday from the NIL Go clearinghouse. More than 12,000 total deals worth over $87.5 million have been cleared since June 11 to November 1. The data released also highlights that only 394 deals valued at $10 million have not been cleared over that timespan.

According to the report, deals that the College Sports Commission deemed “not cleared” will not move forward. The average NIL deal that has been cleared is worth $7,186.88. In October alone, NIL Go cleared more than 3,300 deals worth a total of $24.95 million. None of the deals landed in arbitration.

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The report also said 33,247 athletes are registered on the NIL Go platform, along with 1,251 institution users. Since the clearinghouse launched in June following approval of the House settlement, 53% of the deals were resolved within 24 hours, and 74% of the resolved deals were resolved within a week.

The College Sports Commission also highlighted in the report that of the more than 3,300 deals cleared last month, they were cleared 21% faster than in September. It’s an important note as the clearinghouse has come under scrutiny from NIL collectives, agents and administrators for its delays in approving deals.

The College Sports Commission announced in September that a total of 8,359 deals had gone in the system to date, which have a $79.8 million total value. NIL Go had cleared 6,090 deals out of 8,359 total entered into the system, and the total value of cleared deals was $35.42 million.

College sports’ new enforcement entity, the College Sports Commission and NIL Go, were established to approve any deal from a third-party business valued at over $600 and launched last summer following the approval of the House v. NCAA settlement. The College Sports Commission and clearinghouse, which was built with assistance from Deloitte, is designed to oversee and govern issues related to potential violations of the settlement term.

 A longtime MLB executive and former U.S. attorney, Bryan Seeley, was appointed College Sports Commission CEO.

“The strong engagement from student-athletes and institutions shows real progress toward the clarity, transparency and fairness that the House Settlement intended,” Seeley previously said. “We look forward to sharing our progress on a regular basis as we continue to refine and improve the NIL deal review process moving forward.”