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Posted
1 hour ago, MNRodent said:

One has to wonder if the poachers will just be sneakier and still avoid the process and continue to hand out unapproved bags.

Folks will find loopholes if they really want to, but I believe the honus for reporting deals is on the athletes, not the sponsors or schools. My impression of the clearinghouse rules/NIL Go system is that they rely on honest self-disclosure by athletes, educational outreach, and the threat of audits and loss of eligibility to work as designed. And who knows if the clearinghouse will have the bandwidth to effectively review deals as they become increasingly complex (e.g., compensation in equity, crypto/NFTs, financial derivatives, revenue sharing)

Posted
2 hours ago, CHROMEBIRD said:

Folks will find loopholes if they really want to, but I believe the honus for reporting deals is on the athletes, not the sponsors or schools. My impression of the clearinghouse rules/NIL Go system is that they rely on honest self-disclosure by athletes, educational outreach, and the threat of audits and loss of eligibility to work as designed. And who knows if the clearinghouse will have the bandwidth to effectively review deals as they become increasingly complex (e.g., compensation in equity, crypto/NFTs, financial derivatives, revenue sharing)

I'm guessing that Deloitte, the largest of the Big Four accounting firms, will be able to handle a few audits if they put any degree of effort into it.

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