The next evolution of NIL collectives and the battles that await: 'This is a big inflection point'

[Jonnyeagle]

In Mississippi, for instance, university and collective leaders led a campaign this spring to change their state statute to permit such a move. In Missouri, a state law has existed for more than a year permitting the school’s collective to receive institution funds for distribution to athletes. Other states, as well as the collectives within those states, are marching toward a similar goal, said Walker Jones, a former agent and apparel executive who leads the Ole Miss collective, The Grove.

On July 1, The Grove will transition from a booster-funded collective to a school-financed third-party agency.

“Our major gift donors will be thrilled to death with it,” Jones said. “Now, the money, instead of only coming from John Doe’s pocket, also comes from the university. We then go hunt out deals for the athletes and get them active in the community to satisfy [NIL agreements].”

Hibbs says this method is “the best of both worlds.” In this new model, funding for a roster would mostly move within the university, where donors receive tax deductions and priority points for required donations as part of their football season ticket packages — not the case with collectives.

link:  https://sports.yahoo.com/the-next-evolution-of-nil-collectives-and-the-battles-that-await-this-is-a-big-inflection-point-120051261.html