April 7 is less than a month away, when the House Settlement is likely to be approved and college athletics will be thrust into revenue sharing. This short NCAA report shares information on what is being done by the conferences and the schools to be prepared.
"LBi Software has been retained to develop a cap management and reporting platform that ensures accurate tracking, reporting and enforcement of rules related to direct payments from institutions to student-athletes. With extensive experience building and managing similar systems for the MLB, NWSL, NBA and other leagues, LBi brings proven expertise to this transformative effort. LBi has already completed initial testing of the platform and will engage with institutions directly to roll out the new software.
"The committee has also been working closely with Deloitte to create a system to track and evaluate all Division I student-athletes' third-party NIL deals valued at $600 or more, which would be required to be reported under the proposed settlement. The new enforcement entity will use the system to help it evaluate whether these deals are within a reasonable range of compensation and made with the purpose of using a student-athlete's NIL to advance a valid business purpose, as outlined in the proposed settlement."
Preparation includes Cap Management and NIL Tracking
"LBi Software has been retained to develop a cap management and reporting platform that ensures accurate tracking, reporting and enforcement of rules related to direct payments from institutions to student-athletes. With extensive experience building and managing similar systems for the MLB, NWSL, NBA and other leagues, LBi brings proven expertise to this transformative effort. LBi has already completed initial testing of the platform and will engage with institutions directly to roll out the new software.
"The committee has also been working closely with Deloitte to create a system to track and evaluate all Division I student-athletes' third-party NIL deals valued at $600 or more, which would be required to be reported under the proposed settlement. The new enforcement entity will use the system to help it evaluate whether these deals are within a reasonable range of compensation and made with the purpose of using a student-athlete's NIL to advance a valid business purpose, as outlined in the proposed settlement."
Preparation includes Cap Management and NIL Tracking
