This week we discuss how the downfall of the FTX crypto exchange may have impacted outstanding name, image, and likeness (NIL) deals. In 2021 and early 2022, FTX was focused on marketing within the sports world. As a result, the company entered into several team-wide NIL deals with major collegiate programs. We also talk about other NIL deals that may have been ended due to the failure of a business and what this could mean for athlete compensation.
Our guest this week is Patrick Johnson from Vantage Sports. Patrick tells us how athletes on his platform are using technology to connect to fans and organize in-person training sessions with young athletes!
In our News and Facts segment, we discuss the launch of the Cincy Reigns collective, Fordham University Athletics’ partnership with Moritt Hock & Hamroff, the launch of the Roll the Quad collective, and the passing of New York’s NIL legislation.
Our NIL Mathlete segment covers NIL deals between student-athletes and FTX.
We hear from Nillie Athletes Joaquin Monque, Dior Nicholson, and Kobe Andrate. We also discuss our favorite recent nillies including University of Washington football team trading cards being sold at Jacksons and Katelyn Tuohy’s deal with Adidas Running.
This episode is sponsored by Silent Disco Savannah.
To learn more about our Nillie platform, visit nillie.io. To learn more about our Framework platform, visit victreefi.com.
To listen to this week’s episode, visit https://podcasts.apple.com/us/podcast/name-image-likeness/id1585563308
Quotes
“FTX got into the NIL game in the end of 2021 and beginning of 2022.” (2:15-2:20 | Chrissy)
“FTX signed NIL deals with members of the Florida State softball team.” (3:42-3:46 | Wheeler)
“Patrick talks about how athletes can effectively organize training to earn income.” (17:28-17:31 | Chrissy)
Name Image Likeness is a weekly podcast, brought to you by VicTreeFi. The podcast is dedicated to exploring the impact of NIL legislation on collegiate athletics. The podcast features interviews with athletic directors, compliance coordinators, coaches, and current and former student-athletes. Listeners can rely on Name Image Likeness to be a trusted resource for NIL updates.
VicTreeFi partners with collegiate athletic programs to provide NIL-specific education to student-athletes. VicTreeFi’s NIL compliance software includes financial literacy and life skills training, in addition to contract disclosure forms. VicTreeFi also offers student-athlete entrepreneurship opportunities using marketplace solutions. To learn more about NIL compliance programming and the Name Image Likeness podcast, visit https://www.victreefi.com/StudentAthletes.
Savannah NIL 