NIL in College Sports
If you’re a fan of college sports, you’ve probably heard the buzz around NIL (Name, Image, and Likeness) in the past couple of years. For decades, the NCAA prohibited student-athletes from profiting off their fame, even as schools and coaches raked in millions. But that all changed in July 2021, when the NCAA allowed athletes to capitalize on their own personal brands. This monumental shift is reshaping college sports in ways that are both exciting and complicated. So, What Exactly is NIL? NIL gives college athletes the ability to earn money from endorsements, sponsorships, and social media promotions based on their personal brand. Athletes can now sign deals with companies, promote products on their Instagram pages, or even create their own merchandise. It’s a game-changer for college athletes who have historically been restricted from making any profit despite contributing to multi-million-dollar sports programs. For a deeper dive into the NCAA's decision, check out this NCAA ar...