Anthony Cerino, CFP®’s Post

College athletes with NIL deals are a lucrative new market for financial advisors. Players in tonight's Purdue University - University of Connecticut ncaa championship basketball game alone are earning millions of dollars. But it's very fluid, fast-changing market. What you need to know - NCAA Family Wealth Report Tom Burroughes #MarchMadness #NIL #Basketball #financialadvisors

Today is day 3 if the #LinkedInSportsChallenge! Prompt: What recent trends have you observed in sports and how are they shaping the future? Name, Image, and Likeness or more commonly abbreviated to NIL. NIL deals have been a factor of the sports industry for a while now, but as it continues to grow and become more of a staple in the sports industry all around, there’s been much controversy, especially when it comes to NCAA. July 1, 2021, a law was passed for collegiate level student athletes could be compensated for their NIL. This is, I believe, to be a big part of the future of sports for the fact that it is all about face and how one is being presented, and not just on the court. It gives fans an opportunity to learn about their favorite college athletes and what these athletes may enjoy away from their sport.

🏀 As we dive into the exhilarating season of college basketball, let's also take a moment to address an important issue: problem gambling. The National Collegiate Athletics Association has just launched the "Draw the Line" campaign, aimed at raising awareness and educating participants about the risks of sports betting. ❗ With $2.72bn expected in bets during March Madness alone, it's crucial to understand the potential pitfalls. Studies show that 67% of college students are involved in sports betting, posing serious risks to their well-being and finances. 📈 To find out more, follow the link here ➡ https://lnkd.in/dcgReF-4 #basketball #marchmadness #sportsbetting #gambling #awareness #campaign #college

Interesting article explaining the current landscape of college sports and how it got here.

Check out my latest for Business of College Sports on the TRO issued for transferring college athletes. #collegesports #sportslaw #nameimagelikeness https://lnkd.in/gRqMeyvd

Time to head back to school. As students and fans head back to campus, the NCAA and regulators are faced with additional concerns involving sports betting and NIL rights.   My colleagues Louis DiLorenzo, Andrew Richman and I discuss the evolution of college athletics and how the intersection of sports betting and NIL rights has impacted schools, regulators and sponsors in an article for Sports Business Journal.   https://lnkd.in/dM7ztYNE #sportsbetting #NCAA #studentathletes #sbj

A new era is dawning in the world of sports! The NCAA has made a groundbreaking agreement with five major conferences to allow student-athletes to receive compensation from their schools. As someone who closely follows college sports, it's no surprise to me that these games attract more viewers than other leagues. This shift is exactly why we created Sportie, recognizing the changing landscape of the sports industry. This agreement confirms the strength and relevance of Sportie. #Sportie #NCAA #SportsInnovation https://lnkd.in/e4ZbWRRx

More updates on NIL & NCAA regulations! Recent proposals & legal actions hint at significant shifts ahead. Notably, Dartmouth basketball players' unionization marks a pivotal moment. In this dynamic environment, staying informed is key. Scout's app adapts alongside these types of changes. We are here to offer personalized guidance to secure your student athletes financial futures in this ever evolving landscape. #NIL #NCAA #StudentAthletes #SCOUT #FinancialWellness

Check out this article about the weight of sports betting on college athletes! Our very own, Linsey Smith, had some great perspective to share inside the article! https://lnkd.in/grKRp3Ei

https://lnkd.in/gC-GU3rQ Some exciting news coming from the NCAA Division I Council. They've given the thumbs-up to a bunch of new rules that are all about how athletes can get paid for their endorsements. And, get this, they're thinking about allowing schools to play a more active role in these deals, which are already bringing in millions nationwide. The NCAA's goal here is to bring some much-needed transparency to the rapidly growing name, image, and likeness (NIL) market. They're talking about setting up a database where athletes and schools can check out these deals, creating a list of companies eager to work with athletes, and even suggesting some standard elements for those NIL contracts. Here's the scoop: Athletes are encouraged to share info about their deals, but it's not mandatory. These new NIL rules are expected to go live on August 1 and will impact Division I, which houses roughly 350 schools and nearly 200,000 athletes! Now, here's a question for you: How do you think these changes will impact the world of NIL deals? What steps do you believe athletes and schools should take to navigate this evolving landscape effectively? Share your thoughts below, and let's keep the conversation going! 🗣️ #NCAA #NIL #AthleteCompensation #CollegeSports #Transparency #Regulation