smubrooks wrote:Is there a cap for the NIl? How strict are the rules for justifying pay vs benefit to payer?
Here is the basic rundown for TX athletes (but to answer your question, no, there is no cap...you could pay X $5mm to sign an autograph):
Student-athletes are permitted to: Receive compensation from a business for the company to use their NIL to promote a product or service;
Use their NIL to promote their own business or a business they are working for;
Receive compensation to sign autographs or appear at a business or private event; or
Utilize an agent to assist with any NIL activities, provided they have a written agreement with the agent that is specific to NIL activities and not for sportārelated representation.
NCAA rules and Texas legislation DO NOT permit student-athletes to: Receive compensation in exchange for athletic performance or attendance at an institution;
Receive compensation provided by an institution;
Receive compensation in exchange for an endorsement of alcohol, tobacco products and nicotine devices, anabolic steroids, sports betting, gambling, firearms student-athletes cannot legally purchase, or sexually oriented businesses;
Partake in a NIL activity that conflicts with a team contract, an institutional contract, an athletics policy, or an institutional policy or honor code;
Partake in a NIL activity that takes place during official team activities; and
Partake in a NIL contract that extends beyond collegiate participation.