What is NIL? - Fan Arch

What is NIL?

What is NIL?

NIL. Name, image, and likeness. It's one of the most significant changes to the NCAA and college sports in history.

For those who may have missed it, student-athletes were finally given the opportunity to be compensated for their name, image and likeness or NIL rights after the Supreme Court ruled that the NCAA couldn't limit education-related payments to student-athletes.

The NCAA instituted the new policy which came into effect on July 1, 2022, while several states also passed NIL laws which went into effect on the same day. Meanwhile, the NCAA instructed schools in states that hadn't passed NIL laws to set their own policy.

The new rules finally made it possible for athletes to sign endorsement deals and earn from their likeness after decades of being denied that right. A number of high-profile athletes wasted little time in signing lucrative deals in the six and seven figures.

Of course, those types of big-money deals are few and far between. But still, the new NIL rules have opened new avenues for all student-athletes to earn from their likeness. 

Many of these student-athletes have capitalized on this momentous change in college sports by partnering up with Fan Arch, which is staunchly in support of student-athletes' ability to earn from their likeness.

Fan Arch provides them with an online platform to get their high-quality products and merchandise - from shirts to hoodies to jogging pants and many more - out to fans and other people who would like to purchase their gear.

Since the new NIL rules are still all relatively new, there are still some kinks that need to be ironed out in terms of how the entire system works. The NCAA is still issuing new guidance to schools on what sorts of activities they can and cannot be part of.

Nevertheless, it is clear that the NIL changes are a major step in the right direction as they finally give student-athletes the opportunity to be financially compensated.

1000+ professional athletes and influencers have personalized merchandise on the Fan Arch’s website! 

Fan Arch aims to transcend the narrative by making it easier to bridge the gap between athletes, influencers, and their fans. Check out our creative and personalized collection through Fanarch.com.

SHOP Kelee Ringo

LATEST

  • NEWS
  • |
  • ARTICLES
  • |
  • VIDEOS
NBA
img_articles

Is DJ Wagner going to the NBA?

Wed, May 31, 23

BASKETBALL
img_articles

Where is Carter Bryant going to college?

Fri, May 26, 23

BASKETBALL
img_articles

What is Mikey Williams ranking in basketball?

Fri, May 26, 23

FOOTBALL
img_articles

Who is Brady Prieskorn in Michigan football?

Thu, May 25, 23

BASKETBALL
img_articles

Why did the Cavinder twins quit basketball?

Thu, May 25, 23

More Stories

FAN ARCH PODCAST NETWORK

hero
hero
hero
hero
hero
hero
hero
hero
hero
nothing

Kelee Ringo

article
The real deal: Why Terrance Williams is the crowned king of the FCFL
article
The Crossover King is going to the Hall: Tim Hardaway Sr. headlines HOF class of 2022
article
Why counting Pedro Munhoz out against Sean O’Malley at UFC 276 is a foolish idea
article
Why Jammie Robinson is College Football’s best-kept secret
article
Why Frank Harris and the UTSA Football’s underdog story is as inspirational as it gets
article
Why QB Jack Coan is a hidden gem for the Colts
article
What’s next for Gregory “Buddy” Howell after winning Super Bowl?