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For many schools, it has been since November-December 2019 since their fall sports teams have been in action.
That changes today.
The 2021-22 Division III athletic season begins today for many colleges and universities around the nation. Naturally, a tropical system (Ida) gets in the way and will postpone many opening day events until later ... but it's still nice to return to some sense of normalcy.
Best wishes for a successful season to all!
NIL
2. College Athlete Compensation
by Chris Arkenberg, Michael Brodsky and Lee Teller, Deloitte
"College athletics is big business, drawing in a total of nearly US$19 billion annually; some colleges and universities bring in as much as US$150 million.1But other than the scholarships athletes receive, none of that money goes to the student-athletes who spectators pay to see: The National Collegiate Athletic Association (NCAA) has historically prohibited student-athletes from participating in any for-profit use of their name, image, or likeness, or NIL. This may be changing, as states such as California and Florida have pushed the NCAA to allow student-athletes to monetize their NIL.
And there is certainly money to be made: Star student-athletes are cultivating large social media audiences that may follow them from adolescence through college and, potentially, to professional or Olympic levels. As national, regional, and local businesses and brands look to reach younger target audiences, this new way of consuming and engaging with sports is intriguing many in the college athletics market.2
Granted, supporting student-athletes’ commercial NIL rights comes with challenges. Universities and conferences should play a new role in tracking, managing, and accounting for their student-athletes’ contracts, as well as evaluating market rate compensation."
>> Court Awareness: "This will likely require the NCAA, conferences, and schools to record NIL-based compensation and relationships in a transaction clearinghouse while integrating other functionalities around sponsorships, licensing, and recognition."
>> Ka-Ching: "We calculated that student-athletes with social media followings similar to professional athletes could collectively earn up to US$35 million per year from that one platform alone. Expanding revenue streams beyond social media could create millions more dollars in revenue. While only a relative handful of student-athletes would be likely to score large national sponsorship contracts, many more would have opportunities to monetize their audience and grow their personal brand on a regional, local, or affinity group level.3"
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