Since NCAA athletes got the rights to their names, images, and likenesses on July 1, there’s been a whirlwind of activity from athletes, brands, schools, donors, and alumni.
Six months in, the industry is still fresh — with several remaining uncertainties. But there’s one clear takeaway: Thousands of athletes are now at least a little bit richer.
Football athletes dominated the NIL scene, making 47% of NIL earnings. The rest of the top five:
An athlete could make an average of $4,923 per agreement for a “multi-activity” endorsement. Content creation could yield more than $3,000 per item, and an in-person appearance could pay out around $1,700 an hour.
There have been rumors that some athletes, like Alabama quarterback Bryce Young, have already made at least $1 million. While not all the deals’ financial terms have been disclosed, here are a few highlights:
In the next six months, it’s possible there may be more regulation introduced into the NIL industry — but clearly, the floodgates are open.