On3 NIL

Name, Image and Likeness - College Sports Business - On3 NIL Valuation

[On3 NIL @On3NIL]

NEW: Virginia Tech has received a $75M donation, the school announced.

A majority of the donation is for athletics with the other portion directed towards the Honors College.

https://t.co/tZgV3tzquJ

[On3 @On3]

NEW: College sports leaders are now openly calling for a higher revenue-sharing cap, collective bargaining and employment💰

Ideas once considered unthinkable are now being discussed in Congress.

(via @RossDellenger)

https://t.co/ZThqQpxMpo

[On3 @On3]

NEW: Nick Saban issues a warning to college sports about the current NIL landscape during his testimony for "The Protect College Sports Act":

“It’s become an arms race, who spends the most has got the best chance to win. But I think it’s a race to the bottom because if you don’t spend to win, you lose your fan base and you don’t have any revenue.”

https://t.co/NWmetrSAnz

[On3 NIL @On3NIL]

NEW: Nick Saban detailed how much Alabama’s NIL collective spent every year for the past five years in Wednesday’s hearing about the Protect College Sports Act.

(via CommerceRepublicans/TT h/t @whalexander_)

https://t.co/n91REfdssH

[Pete Nakos @PeteNakos]

The Big Ten and SEC have come out against the Protect College Sports Act as drafted. Senate hearing set for tomorrow.

"It also shifts the ongoing rulemaking to Congress, limiting the ability to adapt quickly."

https://t.co/phFv7uH6hW

[On3 @On3]

NEW: Indiana's Curt Cignetti says College Football is in danger if something doesn't change soon:

“The market is pretty expensive — it’s scary. It’s scary. I think players should get paid. But something’s going to have to be done in the next 12 to 24 months, or universities might not be able to handle this. College football won’t exist the way we’re going right now.”

(via @ColinMcMahon31)

https://t.co/RknjO1EPML

[On3 @On3]

NEW: Sens. Ted Cruz and Maria Cantwell have introduced bipartisan legislation, The Protect College Sports Act:

• One-time transfer, 5-year eligibility
• "Lane Kiffin Rule" preventing coaches from leaving midseason
• Ban pro players, including international pro players

Details: https://t.co/79CojWQ7oQ

[On3 NIL @On3NIL]

REPORT: FAU has filed lawsuits against four former football players for breach of NIL contracts, via @BocaRatonTAP

The NIL deals require athletes to repay half their remaining earnings if they transfer and breach the contract.

Details: https://t.co/LQ7EhZHdjM

[On3 NIL @On3NIL]

NEW: Adam Wexler has made a $10M donation to Georgia's basketball program, @JedMay_ reports🏀

Wexler is the founder of PrizePicks.

https://t.co/ahAZ03p0Ch

[On3 @On3]

NEW: Lane Kiffin says coaching in the NIL era is easier because LSU can fine players like the NFL:

"I think with NIL and the portal, there's a lot of problems that have been created... I don't think it's as challenging to get guys to do things because we're paying you. If you don't want to do it, there's a fine system, just like the NFL. I find it's actually easier."

(via @PardonMyTake)

https://t.co/IakGJyAjQO

[On3 NIL @On3NIL]

NEW: Texas RB Hollywood Smothers has inked a multi-year six-figure NIL Deal with Fiterman Sports, @PeteNakos reports✍️

Smothers will participate in a handful of meet-and-greets and memorabilia activations.

https://t.co/zZ98UweAKc

[On3 NIL @On3NIL]

NEW: Houston basketball head coach Kelvin Sampson urges fans for more NIL support:

"If you want Coach (Willie Fritz) to win at the level that LSU does — you know the difference financially between Houston and LSU? It's not a bridge. It's the Grand Canyon. Yet because of a guy like Coach Fritz, we're competitive."

(via @ChrisYBaldwin)

https://t.co/zcUk6yCLQD

[On3 @On3]

NEW: Texas Tech QB Brendan Sorsby has filed a lawsuit against the NCAA to expedite his reinstatement process for the 2026 season, @PeteNakos reports.

https://t.co/QP93ETMrR5

[On3 NIL @On3NIL]

NEW: Oregon is suing Oklahoma DB Dakoda Fields for an alleged breach of contract, The Daily Emerald reports.

Fields transferred from Eugene to Norman in January.

Details: https://t.co/yYRel7gNdo

[On3 NIL @On3NIL]

NEW: Jon Sumrall says "it’s out there" for Florida to increase its NIL and revenue-sharing resources💰

"The more you’re investing in our program, the more access I’ll give you."

Sumrall claims the gap is currently significant: "I think there are certain teams that are, I would say, $15 million above us at minimum in college football right now and in our conference. For us to have championship expectations and standards year in and year out, we’ve got to make sure we’re pushing the envelope to get resource like that."

(via @NiebuhrOn3)

Story: https://t.co/1W40FHgRhU

[On3 @On3]

NEW: Vanderbilt true freshman QB Jared Curtis is appearing in Nate Bargatze’s new movie “The Breadwinner” as part of his NIL deal with the Commodores🎬

(via @ClayTravis)

https://t.co/lcRAQbieH3

[On3 NIL @On3NIL]

SEC programs with the highest athletic donations in fiscal year 2024-25💰

(via @mattstahl97)

More: https://t.co/Ng5oyp4UbE

[On3 @On3]

NEW: The NIL market for top college basketball transfers is $2.5M+💰

On3's @JoeTipton breaks down the range and cost of landing a top-10 transfer at each position in the portal

Details: https://t.co/zyRdpMRE4K

[Pete Nakos @PeteNakos]

The College Sports Commission has won its arbitration case against 18 Nebraska football players.

CSC CEO Bryan Seeley: "This process shows the system is working as intended."

https://t.co/2qAxouAetE

[On3 @On3]

NEW: Former Notre Dame RB Jeremiyah Love plans to avoid touching any of his $53M+ rookie contract and put it away💰

“I live in the era of NIL, I’m pretty well off already. I really don’t need to touch that money.”

https://t.co/moYxxb9tHq