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You’re Not Alone…Navigating NIL Legalities Can be Hard

Tykoon Agency
CEO

Tykoon Sports Blog

All of the stipulations from the NCAA, universities, and even brand contracts can be overwhelming if you’re not prepared. That’s why being proactive is key. Read on to learn how!

Navigating the legal side of NIL can be tough. But we got you covered! Let’s break down the challenges you might face when it comes to NIL legalities so you have all the info you need to tackle it like a pro.

 

Know Your State Laws and Institution’s Policies
Every state has its own take on NIL, and it’s vital to understand how it affects you. Some states have specific laws in place, while others follow the NCAA’s interim policy. You don’t want to be caught off guard, so make sure to familiarize yourself with the policies and laws that apply to you. Keep tabs on updates and changes so that you’re always on top of your game.
Understand NCAA Guidelines and Restrictions
The NCAA has relaxed its NIL restrictions, but that doesn’t mean it’s a free-for-all. You’ve still got to follow certain guidelines and restrictions to stay compliant. Recently, the NCAA even went as far as releasing a letter letting member schools know that regardless of state laws, schools are required to follow NIL rules. Understand the rules around endorsements, proper disclosures, and using logos and trademarks. Knowing these guidelines helps you make sound decisions as you venture into the world of NIL.
Seek Professional Legal Advice
Navigating NIL legalities is a big deal and this calls for expert advice from folks who know their stuff. Look for lawyers who specialize in sports law or NIL compliance. They’ll guide you through contract negotiations, help you understand legal implications, and keep you safely within the bounds of the law.
Protect Your Eligibility and Amateur Status
As a student-athlete, maintaining your eligibility and amateur status is non-negotiable. You don’t want to risk your athletic career by engaging in activities or accepting benefits that could compromise your eligibility. Be aware of the potential consequences and implications of your NIL activities and make sure you’re not violating any rules that could put your eligibility at risk.
 
Stay Transparent and Compliant with Disclosure Requirements
Transparency and compliance are two sides of the same coin. As you get into NIL activities, be open and transparent about sponsorships and partnerships. Fulfill disclosure requirements mandated by your institution, state laws, or the NCAA. It helps build trust with your audience while keeping you on the side of the law.
There you have it, folks. Although navigating NIL legalities can be nerve-wracking, when you stay informed and take the right steps, you’ll crush it. With the right mindset and know-how, you can maximize your NIL opportunities like a champ.

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