By Steven J. Thayer, MBA, JD | March 3, 2023 As everyone in the college sports world should now know, college athletes can now be paid for their name, image and likeness (“NIL”). The Supreme Court said so when they ruled against the NCAA in 2021, and forced them to change their rules to let […]
In just the first ten days of the college transfer portal being open this year, over 1600 football players entered to move to another school. Although the portal closed on the 18th of January, we are now able to see the effect that NIL had on college athletes deciding to enter the transfer portal before it opens back up on May 1st for a 15-day period.
By Sandy Illian Bosch For decades, fans of college sports could only support their favorite players through cheers and applause. But adoption of the NCAA Name Image Likeness policy in 2021 opened up a new world of opportunity for fans to support players, and for players to profit from their work as athletes. It […]
by Zain Bando Illinois basketball is taking the next step in NIL endorsements with the NextName NFT partnership. The Illini are off to a fast start at 6-2, as it remained at No. 16 in the fourth week of the AP Top 25. Coupled with the on-court success also comes future marketing opportunities for the program. Illinois’ athletic department has been […]
By Myrna Petlicki, Pioneer Press, Dec 04, 2022 Steve Thayer and his son Ryan Thayer wanted to offer financial help to athletes from their alma mater, the University of Illinois. They found the answer when a Supreme Court ruling last year allowed college athletes to receive compensation for the use of their name, image, or […]
–NEXTNAME selling multi-media NFTs to fans– Chicago, IL, December 6, 2022 — NextName is offering fans the opportunity to purchase the “name, image, likeness” (NIL) of a college team and individual players through the sale of their NFTs. NextName mints NFTs on the Flow blockchain developed by Dapper Labs. The majority of net proceeds of […]
-Platform allows fans to support individual players or the entire team- Chicago, IL, November 20, 2022 – Being a fan of Illini men’s basketball just got a lot more interesting. The entire Illini basketball team has signed up with NextName to sell their digital collectibles. Fighting Illini fans can now purchase digital collectibles, also known […]
