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FREQUENTLY ASKED QUESTIONS
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NIL stands for “Name, Image, and Likeness" specifically referring to the use of an athlete’s NIL through marketing and promotional endeavors. Student-athletes at NCAA institutions could begin monetizing their NIL beginning on July 1, 2021.
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Generally speaking, all NIL activities are permitted, as they follow these four guidelines:
There must be quid pro quo attached to an NIL deal essentially requiring a student-athlete to do an activity in order to receive compensation
That activity cannot be tied to athletic performance such as statistical achievements, wins, or awards
That activity cannot be contingent upon the student-athlete committing to the university that the collective supports or tied to enrollment
Institutions do not provide compensation in exchange for the use of a student-athlete’s NIL
NCAA rules also require student-athletes to follow their state law or institutional policy if there is no existing state law governing NIL activities.
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Yes - Winthrop University Athletic department has a Name, Image, and Likeness policy.
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No – Built on Banners Collective is a third-party entity that is unaffiliated with Winthrop University.
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No - Built on Banners Collective works exclusively with Winthrop University Men’s Basketball Players.
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Built on Banners Collective utilizes INFLCR, one of the leading operating software provider for collectives. This software allows student-athletes the ability to provide compliance reporting to Winthrop University which can be accessed by the athletic department via a subscription and to the NCAA (if requested) as well as serves as the way to distribute funds to student-athletes after they have completed their NIL obligation.
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By donating here.
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No – In compliance with NIL regulations, Built on Banners Collective will not meet with, contact, offer a deal, etc. to any prospective student-athlete. Until a student-athlete has signed their NLI and/or the institution has received a deposit of financial aid, they will not be contacted by Built on Banners Collective.
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We strive to keep our operating costs as low as possible so that as much of the contributions can be paid out to student-athletes as possible. Any remaining funds will be used to cover fundraising expenses, deal facilitation, and various administrative expenses.
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