Let’s keep it real.You’re a student-athlete. You’ve finally started earning money through NIL (Name, Image, and Likeness) deals. The checks are hitting. The brand deals are starting. Life feels good—until you try to lease an apartment, finance a car, or even set up utilities. That’s when it hits you: You’ve got bad credit—or no credit. …
As student-athletes step into the world of Name, Image, and Likeness (NIL) agreements, the excitement of earning money can quickly turn sour when payment issues arise. A recent situation involving Matthew Sluka, the UNLV quarterback, has highlighted the complexities and challenges surrounding NIL deals. Sluka’s experience serves as a cautionary tale for others in the …
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As student-athletes enter the world of Name, Image, and Likeness (NIL) deals, they often find themselves in a unique position of financial advantage. The influx of income from endorsements and sponsorships can lead to an increase in social expectations, particularly from friends who may see this as an opportunity for financial support. While it’s natural …
Read more “Why Student-Athletes Should Learn to Say No to Friends Who Ask for Financial Help”
As a student-athlete earning income through Name, Image, and Likeness (NIL) deals, you’ve entered into a world of business contracts and legal responsibilities. These contracts, whether for endorsements, sponsorships, or appearances, come with terms and conditions that both you and the other party are expected to follow. But what happens if you, as the student-athlete, …
The opportunities presented by Name, Image, and Likeness (NIL) deals are exciting for student-athletes, offering a chance to earn money while still in college. But managing these opportunities wisely requires more than just a strong brand or social media presence. It requires the expertise of professionals who can help you navigate the financial, legal, and …
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Background Jaxson Dart, the standout quarterback for the Ole Miss Rebels, has made headlines not only for leading his team to its first-ever 11-win season in 2023 but also for his impressive growth in the Name, Image, and Likeness (NIL) landscape. His On3 NIL valuation is currently set at $2.1 million, reflecting a range of …
Read more “Case Study: Financial Strategies for Jaxson Dart’s NIL Earnings”
As student-athletes embrace the opportunities presented by Name, Image, and Likeness (NIL) deals, many find themselves in a position where they can support family and friends financially. However, while the desire to help loved ones is commendable, it’s essential for student-athletes to do so thoughtfully. Balancing the need to support family and friends with their …
As student-athletes navigate the world of Name, Image, and Likeness (NIL) opportunities, it’s natural to turn to trusted family members and friends for advice. After all, they know you best and have your best interests at heart. But when it comes to the complex financial, legal, and branding decisions involved in NIL, relying solely on …
Read more “Taking Advice from Family and Friends About NIL: Proceed with Caution”
As a student-athlete earning money through Name, Image, and Likeness (NIL) deals, you’re probably excited about the financial opportunities that have come your way. However, with these new earnings comes an important responsibility that many student-athletes aren’t prepared for: paying taxes. Unlike the money you might earn from a part-time job or summer gig, NIL …
Background Cam Ward, the dynamic quarterback for the Miami Hurricanes, has taken the college football world by storm since transferring from Washington State. His impressive performance on the field has garnered significant attention, leading to a notable increase in his On3 NIL valuation, which rose to $1 million, up from $934,000. Ward’s engaging personality and …
Read more “Case Study: Strategic Financial Management for Cam Ward’s NIL Earnings”