re: Are NIL deals structured like common employment agreements?

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You're extremely naive if you think that's how it works for most DI FB and MBB athletes today.

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dude, it's literally written into the NIL rule.

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An NIL agreement between a PSA and a booster/NIL entity may not be guaranteed or promised contingent on initial or continuing enrollment at a particular institution.

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NIL agreements must be based on an independent, case-by-case analysis of the value that each athlete brings to an NIL agreement as opposed to providing compensation or incentives for enrollment decisions (e.g., signing a letter of intent or transferring), athletic performance (e.g., points scored, minutes played, winning a contest), achievement (e.g., starting position, award winner) or membership on a team.

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that part of the rule has not changed.

nowhere in your contract with your NIL deal can there be anything requiring you to sign with or stay at a specific school, or even being on the team at a specific school.