When a player agrees to a NIL how is that normally paid. Lump sum? Partial lump sum and the periodic payments? are the periodic payments normally a standard time period (3, 6, 12). Over a season?
what if anything would stop payments. Injury, entering in portal, suspended, etc?
what does the player ultimately give away? All things name image likeness? Or they spelled out in contracts? Are they allowed to sign with multiple parties? Even parities are not associated with their school?
Seems like it’s the Wild West, but the money is so large and the people paying are smart, so just wondering how standard these contracts are and how detailed.
I know I asked a lot of questions, but any input would be very interesting! maybe someone already provided an overview? Thanks.
what if anything would stop payments. Injury, entering in portal, suspended, etc?
what does the player ultimately give away? All things name image likeness? Or they spelled out in contracts? Are they allowed to sign with multiple parties? Even parities are not associated with their school?
Seems like it’s the Wild West, but the money is so large and the people paying are smart, so just wondering how standard these contracts are and how detailed.
I know I asked a lot of questions, but any input would be very interesting! maybe someone already provided an overview? Thanks.
