Iowa QB Mark Gronowski reportedly is getting $1.3M for the upcoming football season. As you will read, he likely has a contract not only with SWARM but with the Iowa athletic dept (revenue sharing).
Similar negotiations will be happening with high school MBB prospects and MBB prospects in the transfer portal.
Some excepts from the linked article:
Dan Murphy
ESPN.com
Mar 17, 2025, 06:13 PM ET
The NCAA has agreed to permanently drop its rule prohibiting athletes from negotiating the terms of name, image and likeness payments until after they enroll in school.
The NCAA's now-abandoned rule was designed to try to keep schools and booster collectives from using NIL deals as a recruiting incentive for incoming high school athletes and players in the transfer portal. Though schools and boosters were allowed to speak generally about the kind of financial opportunities that might be available on campus, they were prohibited from making a specific offer to an athlete until he or she was enrolled.
On February 23, 2024, a federal judge in Tennessee granted a preliminary injunction against the rule. The injunction has allowed booster collectives and schools to make specific financial offers to athletes in the recruiting process during the past year. Monday, March 17, 2025's settlement makes this change permanent.
Revenue sharing:
The NCAA's current rules state that only third-party groups can pay athletes for their NIL rights, but that is on track to change this summer. Each school will be able to share roughly $20.5 million with its athletes via NIL deals next academic year -- a figure that is expected to steadily rise during the 10-year lifespan of the settlement.
Many schools have already started signing contracts with their athletes in anticipation of the settlement's approval. Monday March 17, 2025's agreement clears the way for schools to continue negotiating the specific terms of these deals with athletes during the recruiting process.
The Full Story:
www.espn.com
Similar negotiations will be happening with high school MBB prospects and MBB prospects in the transfer portal.
Some excepts from the linked article:
Dan Murphy
ESPN.com
Mar 17, 2025, 06:13 PM ET
The NCAA has agreed to permanently drop its rule prohibiting athletes from negotiating the terms of name, image and likeness payments until after they enroll in school.
The NCAA's now-abandoned rule was designed to try to keep schools and booster collectives from using NIL deals as a recruiting incentive for incoming high school athletes and players in the transfer portal. Though schools and boosters were allowed to speak generally about the kind of financial opportunities that might be available on campus, they were prohibited from making a specific offer to an athlete until he or she was enrolled.
On February 23, 2024, a federal judge in Tennessee granted a preliminary injunction against the rule. The injunction has allowed booster collectives and schools to make specific financial offers to athletes in the recruiting process during the past year. Monday, March 17, 2025's settlement makes this change permanent.
Revenue sharing:
The NCAA's current rules state that only third-party groups can pay athletes for their NIL rights, but that is on track to change this summer. Each school will be able to share roughly $20.5 million with its athletes via NIL deals next academic year -- a figure that is expected to steadily rise during the 10-year lifespan of the settlement.
Many schools have already started signing contracts with their athletes in anticipation of the settlement's approval. Monday March 17, 2025's agreement clears the way for schools to continue negotiating the specific terms of these deals with athletes during the recruiting process.
The Full Story:
NCAA to let schools offer NIL before enrollment
The NCAA is dropping its rule that prohibited athletes from negotiating the terms of NIL payments until after they enrolled in school.
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