Cristiano Ronaldo Signs NFT Deal With Binance Cryptocurrency Exchange

July 1 will mark one year since the NCAA enacted its interim NIL policy for student athletes to monetize their name, image and likeness. Chet Holmgren, the seven-foot former Gonzaga star who is expected to be selected in the top three of tonight’s NBA Draft, hopes future college athletes will benefit from a more mature NIL landscape that includes a set of national regulations. .

“I think it would definitely be helpful if there were universal rules,” Homlgren told SportTechie at an event for Philips Norelco, one of his NIL partners. “It was kind of implemented on the fly depending on the circumstances and there wasn’t really time to put together a universal rulebook. But over time, I think they will, I think they can make it even fairer and the same for everyone.

The NCAA approved its disparate Interim NIL Policy later under pressure from states that began passing their own NIL legislation. In April, NCAA President Mark Emmert urged the NCAA and Congress to work together to create federal NIL regulations rather than the current state-by-state laws that have helped cultivate a payment model for gambling in the world. college athletics.

Holmgren’s NIL portfolio includes deals with brands such as Topps, Bose and Yahoo Sports. He attended Tuesday’s Phillips event in Brooklyn alongside former Duke freshman star Paolo Banchero, another top-three pick in tonight’s draft. Banchero shares Yahoo Sports and Phillips as NIL partners, but says student-athletes rarely discuss the finances behind NIL agreements with each other.

“I wouldn’t say we shared the amounts we were getting, we kept it private out of respect,” Banchero said. “If a guy had a deal, we were always the first to congratulate each other.”

Banchero made history earlier this year when he became the first active college player featured as a playable character in the NBA 2K video game series.

“I can’t even put into words, it was surreal to me,” Banchero said of his appearance in NBA 2K22. “I had been playing 2K daily since I was nine years old, so I’ve been a huge fan of the game all my life. Seeing myself in the game before I even got to the NBA, I couldn’t even believe it. with myself and seeing my face there with my jersey on and everything, it was crazy.

Lance B. Holton