Navigating NIL (Name, Image, and Likeness) deals can be exciting for student-athletes, but there are plenty of traps to watch out for. Here are some common hazards that the experts at Invicta Athletics can help you avoid.
1. Bad Contracts
Some companies might offer deals that sound great but have hidden rules. We’ll read the fine print. If a contract says you can’t work with other brands or forces you into long-term commitments, it could hurt your future opportunities.
2. Scams
Not every NIL deal is legit. Scammers pretend to offer sponsorships but just want personal information or money. If a deal seems too good to be true—like getting paid a huge amount for little work—it probably is. We’ll research the company and talk to your school’s NIL advisor.
3. Losing Eligibility
The NCAA and schools have rules about NIL deals. If you break them, you could lose your chance to play. Invicta Athletics will make sure your deals stay inside the lines, especially when it comes to payments and endorsements.
4. Taxes and Money Management
Getting paid for NIL deals means you have to pay taxes. If you don’t plan for this, you could owe money later. We understand taxes and will help you keep track of your earnings and avoid IRS issues.
5. Reputation Risks
Some brands might not align with your values. If you sign with a company that later gets into trouble, it could hurt your image. Invicta Athletics will help you choose partnerships wisely.
The keys to a successful NIL deal are being informed, asking questions, and protecting your future. You can trust Invicta Athletics to be your watchdog.