Overview

• The CSC will accept NIL agreements from third-party collectives that demonstrate a valid business purpose tied to promoting goods or services for profit
• Revised rules shift vetting from entity status to a for-profit inquiry centered on each deal’s commercial substance rather than an organization’s overall profit or loss
• Athletes and collectives may be required to submit documentation proving an associated entity’s efforts to profit from approved endorsement deals
• The guidance update defuses threatened litigation after plaintiff attorneys argued the initial July 10 memo misinterpreted the House settlement terms
• Officials warn that further legal disputes could arise over Title IX impacts and defining fair-market compensation under the settlement