Athletics Compliance
Athletics Compliance ensures our sports programs adhere to the highest standards of integrity and regulatory compliance.
Dive into the essentials of compliance, from recruitment to competition, and be a part of a culture committed to excellence, on and off the field.
Name, Image, Likeness (NIL)
Definition
NIL stands for Name, Image, and Likeness. It's your right to earn money from your personal brand as a student athlete.
Importance
NIL empowers you to leverage your athletic talent and market presence for financial gain without compromising your amateur status.
Basic eligibility rules:
Maintain your NCAA eligibility by adhering to set guidelines while engaging in NIL activities.
Compliance checklist:
- Always report NIL deals to the FAMU Athletics Compliance Office.
- Avoid contracts that conflict with team commitments or university sponsorships.
- Never accept compensation tied to athletic performance or recruitment incentives.
Finding opportunities:
Utilize platforms dedicated to connecting athletes with brands, and network with potential sponsors.
Negotiating deals:
Understand your value, and don't shy away from negotiating terms. Consider seeking legal advice to review contracts.
Financial management:
Plan for taxes and consider investing in financial management services to ensure long-term financial health.
There are many factors student-athletes must consider when negotiating a Name, Image, and Likeness (NIL) deal. Asking questions is essential to ensure you are making informed decisions that align with your personal, athletic, and academic goals, while also staying compliant with NCAA regulations and institutional policies.
Suggested Questions ChecklistBuilding your brand:
Engage consistently with your audience on social media and through community involvement.
Protecting your reputation:
Be mindful of how your online presence and personal conduct reflect on your personal brand and future opportunities.
Finding Opportunities:
Utilize platforms dedicated to connecting athletes with brands, and network with potential sponsors.
Negotiating Deals:
Understand your value, and don't shy away from negotiating terms. Consider seeking legal advice to review contracts.
Financial Management:
Plan for taxes and consider investing in financial management services to ensure long-term financial health.
Time & Effort Management:
Before accepting any NIL deal, evaluate the time and effort required against your academic and athletic commitments. Prioritize activities that align with your long-term goals and ensure you can maintain a healthy balance. Remember, your athletic performance and academic success are paramount.
Set Priorities:
Your education and athletic performance are your primary responsibilities. Ensure NIL activities do not interfere with these core commitments.
Time Management:
Use a planner or digital calendar to schedule your commitments. Allocate specific times for training, studying, NIL activities, and rest.
Seek Advice:
Consult with coaches, academic advisors, and the Athletics Compliance Office to ensure your NIL activities align with your goals and commitments.
Be Realistic:
Carefully consider the time commitment of each NIL deal. Avoid overcommitting to ensure you can deliver on your promises without compromising your well-being or obligations.