College Sports Commission Approves Nearly $80M Worth of NIL Contracts in 2 Months

The College Sports Commission provided an update on the recent activity of Name, Image and Likeness (NIL) deals Thursday.

From June 11 through Aug. 31, the commission cleared 8,359 NIL deals worth $79.8 million, via the Associated Press (h/t ESPN).

The CSC is in charge of approving contracts worth at least $600 between college athletes and third-party companies.

The commission launched the NIL Go platform on June 11 following the House v. NCAA settlement. It allows schools to directly pay athletes for their NIL while simultaneously offering them an opportunity to make money from outside organizations (via ESPN). It also analyzes external deals.

28,342 college athletes as well as 3,160 representatives and agents have registered on NIL Go.

Despite the large amount of NIL approvals during the two-month span, the commission revealed that 332 deals had not been cleared to date. 75 were also resubmitted.

Common clearance issues have included a delay in providing required information, deals not satisfying a valid business purpose requirement and contradictory deal terms.