All NCAA Division I student-athletes must report third-party NIL deals with compensation that equals or exceeds $600 (including contracts or payments with the potential to meet or exceed $600 via payment structures such as royalties, commissions, or bonuses). Compensation includes both direct payments and other benefits such as vehicles, gym memberships, equipment, etc.
If a student-athlete enters into multiple deals with the same payor (or payors with common ownership), they are required to enter those deals if the aggregate value meets or exceeds $600 during the student-athlete’s period of eligibility.
A third-party NIL deal is any deal with a third-party, non-institutional payor. Per the terms of the settlement and for the avoidance of doubt, entities or organizations that are owned, controlled, or operated by institutions and/or conferences are not third parties.
Payment directly from the student-athlete’s institution is not considered a third-party NIL deal and does not need to be reported in NIL Go. Such deals may however count toward the institution’s revenue sharing cap. More information about revenue sharing and the cap management system known as the College Athlete Payment System (CAPS) can be found at www.collegesportscommission.org