I see a lot of threads where people casually mention NIL as if it's one simple thing. It is not. Most states have their own NIL laws. Some are wildly different than others. In cases where the state does not have one, they go by the default NCAA NIL policy
TN Tennessee NIL Law for NCAA - Spry
important part for TN is
(i) An institution, or an officer, director, or employee of the institution may not be involved in the development, operation, or promotion of a current or prospective intercollegiate athlete’s name, image, or likeness, including actions that compensate or cause compensation to be provided to athletes.
Some states have this rule others allow University/Booster involvement to differing extents.
This lead to the founding of Spyre in TN and similar groups in other states are forming. New partnership aims at maximizing NIL for Tennessee athletes
It is gonna take years for all this to get sorted and there will likely be multiple new leas passed overtime to close loopholes. But just understand NIL is not some simple blanket term and applies somewhat differently in different states. This will likely lead to some interesting moves in the portal over the next few years until things normalize. One Huge advantage TN has over a lot of States is we are one of 8 that has no state income tax. Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming.
TN Tennessee NIL Law for NCAA - Spry
important part for TN is
(i) An institution, or an officer, director, or employee of the institution may not be involved in the development, operation, or promotion of a current or prospective intercollegiate athlete’s name, image, or likeness, including actions that compensate or cause compensation to be provided to athletes.
Some states have this rule others allow University/Booster involvement to differing extents.
This lead to the founding of Spyre in TN and similar groups in other states are forming. New partnership aims at maximizing NIL for Tennessee athletes
It is gonna take years for all this to get sorted and there will likely be multiple new leas passed overtime to close loopholes. But just understand NIL is not some simple blanket term and applies somewhat differently in different states. This will likely lead to some interesting moves in the portal over the next few years until things normalize. One Huge advantage TN has over a lot of States is we are one of 8 that has no state income tax. Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming.