This form is a sample of an agreement between two NCAA Division I Colleges to play football games over a four year period.
Collin Texas NCAA Intercollegiate Athletic Competition Agreement - Football
Category:
State:
Multi-State
County:
Collin
Control #:
US-01634BG
Format:
Word;
Rich Text
Instant download
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How to fill out NCAA Intercollegiate Athletic Competition Agreement - Football?
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FAQ
College sports' future faces a pivotal year in 2021, as the U.S. Senate turns Democratic, the Supreme Court hears a case on college athlete compensation, and some states start allowing athletes to be paid for use of their name, image and likeness (NIL).
Under NIL, college athletes are able to profit from signing autographs, partnering with brands to advertise through social media, teaching at camps or offering private lessons, starting their own business and participating in advertising campaigns.
On Wednesday, September 15, 2021, the National Collegiate Athletic Association (NCAA) allowed a ruling that unlocked college athletes getting paid for the first time in history. Today, student athletes can capitalize off their name, image, and likeness (NIL).
Report: Class of 2023 Football Recruit Signed NIL Deal Potentially Worth Over $8 Million. A class of 2023 five-star football recruit has reportedly signed a name, image and likeness deal with a school's collective that could be worth more than $8 million by the end of junior year of college, according to The Athletic.
Due to a decision by the U.S. Supreme Court, collegiate athletes are now able to profit off of their name, image and likeness. Up until this past summer, all college athletes were prohibited from receiving financial compensation for their success on the field.
Colorado, Maryland, and Montana will join California in 2023; New Jersey will follow in 2025. Thursday's rule change is an effort to preempt these laws and bring the NCAA's own guidelines in line with state law.
The NIL is the ability of college athletes to make money off their "name, image, and likeness." It was instituted in July of last year after the Supreme Court dealt the NCAA an overwhelming loss. The NCAA has long argued that, as amateur athletes, players cannot make money off things like jersey sales and autographs.
More than $1.5 billion in potential earnings Division I players have been earning $471 on average, according to Opendorse data, while some of these NCAA athletes earned more money just in the month of July than their yearly tuition.
Thus from a licensing standpoint, the annual NIL value per student-athlete could range from $1,000 $10,000, whereas professional athletes garner between $50,000 $400,000 for the same group usage licenses.
College football recruits are signing NIL deals ranging from $500,000 to more than $1 million, according to contracts reviewed by The Athletic. The Athletic reviewed three recently signed name, image and likeness contracts, each with a different school collective.
