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FREQUENTLY ASKED QUESTIONS

  • 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.

  • 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.

  • Yes - Winthrop University Athletic department has a Name, Image, and Likeness policy.

  • No – Built on Banners Collective is a third-party entity that is unaffiliated with Winthrop University.

  • No - Built on Banners Collective works exclusively with Winthrop University Men’s Basketball Players.

  • 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.

  • By donating here.

  • 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.

  • 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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