Basketball News

University Sports Commission approves nearly $80 million in zero contract

It announced in its first full update Thursday that the new University Athletics Commission (CSC) has cleared over 8,300 names, images and similarities (NIL) deals worth nearly $80 million.

The university sports committee’s mission is to approve zero transactions

CSC is responsible for approving contracts worth $600 or more between college athletes and third-party companies. Schools are allowed to spend $20.5 million to athletes a year.

From June 11 to August 31, the committee said it had registered 28,342 students and 3,160 delegates and delegates on its zero GO digital platform.

CSC launched the NIL GO portal on June 11 Housev. NCAA settlement. It allows schools to pay zero dollars directly to athletes, while providing them with the opportunity to make money from external groups. nil Go is responsible for analyzing external transactions.

Despite a large number of zero approvals over a two-month period, 332 transactions have not been liquidated so far, 75 transactions have been resubmitted, and no one has entered arbitration.

The committee said the most common licensing issues were providing the required information, failing to meet valid business requirements and delays in contradictory transaction terms.

according to Associated PressCSC also said the deal was worth up to $1.8 million. It said its “transaction flow report” will be updated regularly.

NCAA, Venmo’s partner to protect student-athletes

Last month, according to ESPN’s David Purdum, NCAA and online payment service Venmo announced a partnership with abuse and harassment of college athletes.

The NCAA-VENMO Partnership provides a dedicated hotline for college athletes to report abuse and harassment, account security education, and increase monitoring.

According to NCAA officials, most of the harassment against Venmo comes in the form of gamblers’ payments, and they lose the bets related to athletes.

Venmo’s security team will now monitor social media trends and events during the game, such as “last second missed shot score”, which has led to a surge in Purdum’s hostile interactions.

Additionally, Venmo said it will provide best practice guides for athletes to “safe” on the platform.

“Venmo will continuously monitor student-athletes’ accounts to help mitigate influx requests based on game performance and work directly with them to implement additional security measures as needed,” the release said.

NCAA research shows that nearly 20% of online abuse and harassment targeting college basketball and soccer players on social media is associated with sports betting.



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