NIL (Name, Image, Likeness)

FSU Board of Trustees Chairman Peter Collins said there is a need for the college athletic system nationally to have firm guidelines that include penalties for violators of NIL or revenue sharing.

The record-setting quarterback made the announcement in a social media post in which he thanked coaches, teammates and fans, saying “USF will always be HOME."

The arrangement with Collegiate Athletic Solutions, a platform co‑founded by Tampa‑based Weatherford Capital, would give each school access to a $30 million line of credit while supporting conference operations.

Colleges can now pay their athletes directly. USF's outgoing athletic director said this will allow the university to create more scholarships.

The annual National Association of Collegiate Directors of Athletics convention this week included a very hot topic: The $2.8 billion NCAA antitrust settlement.

The settlement in House v. NCAA brings an end to the NCAA's long-standing tradition of amateurism. Starting this fall, schools will be able to pay players directly up to a salary cap of $20.5 million.

NCAA president Charlie Baker discusses a proposed settlement between college athletes and the NCAA for making direct payments to players for their name, image and likeness.

"NIL" stands for "name, image and likeness."

Longtime men's basketball coach Leonard Hamilton, 76, is being sued by several former players over allegations he failed to deliver on name, image and likeness promises. He says he has "no regrets. "

The Florida university system’s Board of Governors acknowledged the need to provide help so universities can compete against other schools, but money directed toward academics should not be used.

The players claim FSU coach Leonard Hamilton promised them each $250,000 in name, image and likeness compensation. The plaintiffs include De'Ante Green, who transferred to USF before this season.

Steven Simmons, co-founder of NILENT, discusses how the company helps high school student-athletes with the challenges associated with NIL deals.