In working with a student-athlete on an NIL deal, payors should be prepared to take action in several ways:
Provide the student-athlete with a contract or document that clearly outlines the deal terms, including compensation and obligations. The student-athlete will be required to upload a copy of this when they enter their deal in NIL Go.
Respond to questions the student-athlete or their representative may have about the deal terms.
Respond to NIL Go attestation requests. If a student-athlete reports a deal and the payor’s association status with the student-athlete’s Institution has not already been verified by the school, the payor will be emailed a link to an attestation form to complete. They will also be required to describe their business purpose and provide other supporting details. They will only have to do this once per Institution. Payors will have 4 days to complete this form before it expires.