Disclosure protects eligibility and prevents last-minute eligibility holds before postseason competition. Treat compliance portals as non-negotiable calendar items.
Before Signing Any Deal
- Confirm whether university pre-approval is required (most Power Four schools: yes).
- Verify the payer — collective, brand, agent entity — and obtain full legal name for forms.
- Review conflicts with school apparel, beverage, and betting sponsors.
- Ask compliance about state law registration requirements for third-party payers.
Information to Prepare
- Contract PDF with compensation amount and payment schedule.
- Description of services (posts, hours, appearances).
- Payer contact and tax ID if available.
- Agent involvement disclosure if applicable.
- Copies of deliverables after completion for audit trails.
After Payment
Reconcile bank deposits against contract terms. Report amendments or extensions before performing new work. Retain 1099s and consult tax professionals — NIL income is generally taxable.
Revenue Sharing Addendum
Institutional revenue-sharing payments may use separate portals or W-2 processes. Do not assume collective disclosure covers institutional income or vice versa.
When uncertain, email compliance before posting on social media about a deal. Screenshots circulate faster than retractions.