Money in College Sports: NIL, Part 1 with Darren Rovell & John Staton
Up until last year, no college athlete could legally, officially accept compensation for playing a sport at his or her college. That changed last year with a Supreme Court ruling that now allows college athletes to be compensated for the use of their Name, Image and Likeness (NIL).
Regarding this, I talk to Darren Rovell, a sports reporter who spent 18 years on the air with CNBC and ESPN and is now a senior executive producer at the Action Network. I also talk to John Staton, who is the Director of Operations at Classic City Collective, an organization of donors and alumni dedicated to helping the athletes at the University of Georgia, which John used to be. On today’s show, we talk about how many NIL deals are happening, who they're happening for and how big they're getting; how the transfer portal effectively makes every college player a free agent; how collectives interface with athletic departments, and whether money might poison relationships in the locker room within teams. It has already changed college sports so much in just like a year and a half. So who knows what the future might hold?
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