Pete Nakos
@PeteNakos_

What does this mean? It means your local NIL collective can still get dollars to top athletes and recruits.

Rev share will have a salary cap. But nothing is slowing down a school from building out a $35 million roster.

Deals are still going to have to go through NIL Go. But nothing is going to slow down a collective from sending through a ton of $5k deals.

From free article:

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Plaintiff attorneys, College Sports Commission settle NIL collective dispute by: Pete Nakos • 1 hour ago

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House plaintiff attorneys have reached a deal with the power conferences and NCAA officials that will alter the new enforcement arm, the College Sports Commission (CSC), relating to how NIL collectives can pay athletes, according to Yahoo! Sports. House plaintiff co-counsel Jeffrey Kessler told On3 that he has “nothing to announce yet.” Multiple NIL collectives told On3 in the last week that they were actively speaking with lawyers about bringing suits forward against CSC and the NIL clearinghouse if changes were not made.

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“Conversations with class counsel remain ongoing,” a CSC spokesperson told On3. “A formal statement will be issued when the issue has been resolved.”

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As part of the agreement, the College Sports Commission is expected to treat collectives or any “school-associated entity” in a similar fashion as other businesses when determining the legitimacy of third-party NIL deals submitted to the CSC’s NIL Go clearinghouse, according to Yahoo. The CSC recently laid out a firm approach to how it plans to handle booster-funded NIL collective deals. The key goal behind the House v. NCAA settlement was to shift the flow of dollars to athletes from collectives to institutions. Kessler and his other co-counsel, Steve Berman, wrote a letter to the power conferences and NCAA officials earlier this month that the NCAA and conferences “retract” the guidance.

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“Lawsuits are about to come,” a source previously told On3 if guidance was not altered. “If they had not come out and said something on Friday, we probably would have already filed something.” On3 reported this month that the NIL clearinghouse is facing lengthy delays. An SEC NIL collective told On3 that it submitted a deal 14 days ago with multiple deliverables for an event. With the clearinghouse’s delay, the event that the football player was supposed to execute has since passed. One source told On3 that a booster-driven Big Ten collective deal has been waiting 19 days for the clearinghouse’s response on a six-figure deal.

Read rest here

ON3 Article LINK