The CSC said values of the deals ranged as high as $1.8 million.
$80 million in NIL approved by newly launched College Sports Commission
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CSC, in its letter last week, explained that if a collective reaches a deal, for instance, for an athlete to appear on behalf of the collective, which charges an admission fee, that collective does not have a “valid business purpose” because the purpose of the event is to raise money to pay athletes, not to provide goods or services available to the general public for profit.
Argument over 'valid business purpose' for NIL collectives threatening college sports settlement
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