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Insights
How to Structure NIL the Right Way from the Start
In the ever-changing landscape of college and youth athletics, athletes need to make sure they have a structure in place to both protect and easily monetize their most important and valuable asset: themselves. In the Name, Image, and Likeness (“NIL”) era, athletes have never had more power as it relates to compensation for who they are and what they can do. However, with that power likewise comes pitfalls and risks that each athlete needs to consider before they sign any deal. Before any athlete signs any NIL contract, they need to have a structure in place that properly protects them, their brand, and their rights while also allowing enough flexibility to quickly and efficiently capitalize on opportunities when their value is perceived to be at the highest.
