Posts tagged College Athletics
Why NIL Deals Are Being Rejected and What Universities, Foundations, and Businesses Should Do Next

The new NIL clearinghouse is reshaping how athlete compensation agreements are evaluated. Universities, foundations, businesses, and collectives should understand why business purpose, fair market value, and documentation are becoming central to NIL compliance.

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Drew WilleyNIL, Name Image and Likeness, College Athletics, Higher Education, University Foundations, Nonprofit Law, Contracts, Governance, Compliance, Business Purpose, Fair Market Value, College Sports Commission
NIL Deals, Business Purpose, and What Nonprofit Leaders Should Notice

Recent reports that $90 million in NIL deals have been rejected for lacking a sufficient business purpose offer an important lesson beyond college athletics. Nonprofit organizations routinely face similar governance and documentation questions when making financial decisions. Here's why these headlines matter to nonprofit leaders.

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Drew WilleyNonprofit Law, Nonprofit Governance, Tax-Exempt Organizations, NIL, Name Image and Likeness, Higher Education, College Athletics, Business Purpose, Board Governance, Compliance