Blog Posts - Sponsorship
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Negotiating NIL Sponsorship Deals with College Athletes: Part Two
Striking an effective NIL (Name, Image and Likeness) deal can be a smart play for a client. NIL deals allow college athletes to earn money from endorsements, sponsorships, social media, autographs and other commercial opportunities. And in turn, the deals are a creative way to help a brand connect more authentically with an athlete’s audience by increasing brand exposure to the fanbase.
But, of course, no deal is completely without risk. The key is to first understand the potential pitfalls as
Negotiating NIL Sponsorship Deals with College Athletes: Part One
Texas Creative recently helped our clients at Davis Law Firm secure a big win by negotiating an NIL (Name, Image, and Likeness) deal with the University of Texas’s star quarterback, Quinn Ewers. Negotiating NIL sponsorship deals with college athletes not only requires a true understanding of the athlete's value, but it involves relationship building with sponsors and navigating the unique landscape of collegiate athletics.
Here are five smart plays to make:
Understand the Rules and Regs.
It’s Not a Game
By Texas Creative
Securing a sports sponsorship that brings value to your brand can be elusive. It can also be an absolute homerun. What you have to keep in mind is that it’s not a game.
THE PROS:
This is not a beginner’s game or one for the faint of heart. The major (and minor) leagues and their front office negotiators are pros; often lifers in their jobs and certainly motivated to sell you the inventory they have for the highest price they can get, without regard to your marketing and brand goals. Don't ge