College Sports Commission distributes new rules memo as basketball transfer portal window opens
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The College Sports Commission has distributed a new rules memo to schools as the basketball transfer portal window opens, including updates on third-party NIL deals and institutional revenue share. The commission also addressed 'warehousing' and changes to its enforcement policy, allowing it to focus on higher-dollar deals.
The College Sports Commission issued a memo to schools about rules for the basketball transfer portal. The memo included updates on third-party NIL deals and institutional revenue share. The commission reminded schools that deals must be submitted within five business days of execution. The CSC also addressed 'warehousing', where an entity buys an athlete's NIL rights for future use. NIL deals must include direct activation of the athlete's NIL rights. The commission approved changes to its enforcement policy, focusing on higher-dollar deals.
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