Opendorse released its annual NIL report and, woo boy, it’s a banger.
This June, NIL collectives paid athletes… 824% more than they did last June - perhaps the most revealing front-loading figure yet.
Also: Athletes projected to get $2.75B this year in Rev-Share + NIL.
In the era of name, image and likeness, the payroll for a Power Four college football team exceeds $10 million. How do we know? The Black Book, a must-have Zillow for student-athletes. https://t.co/xVCNic02HS via @NYTimes
$1.67 BILLION will be spent on college athlete NIL services and products this year...
Download the annual @Opendorse report to see exactly where the money is flowing: https://t.co/5X0YuiO5eI
We are excited to announce Stephen Denton as our new Chief Executive Officer.
With a proven track record in scaling businesses across technology, media, AI, and e-commerce, Stephen is the ideal leader to guide Opendorse through its next phase of growth.
https://t.co/PIQk1GZbSa
Exciting week @opendorse - went for a late night Blitz & followed it with some inaugural gameplay of #EACollegeFootball25!
Apart from the game, the Johnson case opinion is worth understanding for anyone working in college sports right now.
Learn more ⤵️
https://t.co/I5547KkpFJ
Welcome to a new chapter of Opendorse.
Incredibly excited to welcome Steve to the team and to shift my focus 100% towards helping our partners navigate once-in-a-lifetime changes in the college sports landscape.
If a business asks for your shipping address in the DM's, and handles payment via Venmo... you're probably thinking -- "this is sketch" -- right?
Yet... this is how LOTS of athletes are handling NIL deals. 🪪 confidential information in the DM's.
📝 deals without actual agreements.
💸 payment via Venmo or CashApp.
(if they ever get paid at all)
❌ It's a problem.
✅ We've solved it.
Here's how @Opendorse helps athletes run their NIL deals like a real business.
Secure communications, automated agreements, guaranteed payments, and lots, lots more.
It's kinda like Etsy for NIL...
Advertising and marketing company Epsilon has partnered with Opendorse to launch an NIL campaign that offers a $500 NIL deal to every female athlete participating in March Madness.
More: https://t.co/lfMUULgzfH
Top 5 day of my career working @opendorse for a variety of reasons - but this right here is so, so cool.
Loads of behind-the-scenes work by so many to make the @EASPORTSCollege launch come to life.
The NIL marketplace Opendorse is preparing to launch Opendorse Payments, which will allow colleges to manage NIL contracts and send NIL deals to athletes.
Permissive school-to-athlete NIL pay could be adopted as soon as August.
More via @petenakos: https://t.co/ICfe3qH1DV
The Players Health x Opendorse NIL Exchange is today.
Jam-packed day of brand, collective, legal, and content panels focused on maximizing the NIL opportunities for student-athletes.
Dozens of brands & collectives in attendance. Key decision makers for future of college sports.
NEW: If an athlete transfers, collectives can file a claim to recover the $$ paid to the athlete prior to transfer.
This is a truly innovative solution from @Opendorse x @PlayersHealth that benefits every stakeholder in the NIL industry.
Learn more:
Player's Health, a firm specializing in sports risk management and insurance, is launching an insurance product designed to protect NIL collectives in addition to partnering with Opendorse.
Story on an idea that may offer some stability for collectives
https://t.co/hSu1EqAHwj