FAQ

FREQUENTLY ASKED QUESTIONS

WHAT IS NIL?

NIL stands for “Name, Image, and Likeness” specifically referring to the use of an athlete’s NIL through marketing and promotional endeavors. Student-athletes at NCAA institutions could begin monetizing their NIL beginning on July 1, 2021.

WHAT ARE THE NCAA RULES REGARDING NIL?

Generally speaking, all NIL activities are permitted, as they follow these four guidelines:

  • There must be quid pro quo attached to an NIL deal essentially requiring a student-athlete to do an activity in order to receive compensation
  • That activity cannot be tied to athletic performance such as statistical achievements, wins, or awards
  • That activity cannot be contingent upon the student-athlete committing to the university that the collective supports or tied to enrollment
  • Institutions do not provide compensation in exchange for the use of a student-athlete’s NIL

NCAA rules also require student-athletes to follow their state law or institutional policy if there is no existing state law governing NIL activities.

WHAT IS AN NIL ACTIVITY?

An NIL activity involves the use of a student-athlete’s Name, Image, or Likeness for promotional purposes by a third-party not associated with the NCAA or an NCAA institution such as:

  • Social media influencing and other promotions
  • Personal appearances at businesses, conferences, camps, parties
  • TV ads, radio ads, print ads
  • Endorsements of a third-party
  • Student-athlete-run camps and private lessons
  • Autographs
  • Sale of student-athlete owned apparel and personal items
  • Student-athlete run businesses
WHO DOES FRIAR FAMILY COLLECTIVE Support?

The Friar Family Collective works with student-athletes from Providence College. Initially, the Friar Family Collective is focused on Men’s and Women’s Basketball.
For access to individual athletes for all Providence College Sports, click here to visit the Friar Marketplace administered by Opendorse, or for business inquiries featuring other sports, click here 

 

Is The Friar Family Collective an entity of Providence College?

No – Although endorsed by Providence College, the Friar Family Collective is organized by a third-party entity, Coast To Coast Promotional Products.

HOW WILL FRIAR FAMILY COLLECTIVE BE GOVERNED AND ADMINISTERED?

Friar Family Collective has engaged Coast to Coast Promotional Products who will organize the entity, raise funds, review/ratify annual audits, administer the Opendorse account, as well as manage public relations.

DOES PROVIDENCE COLLEGE HAVE AN NIL POLICY?

Yes – Please click here for the Providence College NIL policy.

ARE CONTRACTS WITH STUDENT-ATHLETES EXCLUSIVE?

No – Our agreements are intentionally non-exclusive to enable student-athletes to continue to build their brand with opportunities outside of Friar Family Collective.

WHAT PERCENTAGE OF CONTRIBUTIONS GO TO THE ATHLETES?

Our goal is to keep our operating costs as low as possible so that at least 80% of the contributions can be distributed to student-athletes. The remaining funds will be used to cover fundraising expenses, deal facilitation, and various administrative expenses.

HOW WILL PAYMENTS BE MADE TO THE PLAYERS?

Friar Family Collective utilizes Opendorse, the leading operating software provider for collectives. This software allows student-athletes to provide compliance reporting to Providence College and the NCAA (if requested) as well as serves as the way to distribute funds to student-athletes after they have completed their NIL obligation.

DOES FRIAR FAMILY COLLECTIVE WORK WITH RECRUITS OR PROSPECTIVE STUDENT-ATHLETES?

No – In compliance with NIL regulations, Friar Family Collective will not meet with, contact, offer a deal, etc. to any prospective student-athlete. Until a student-athlete has signed their NLI and/or the institution has received a deposit of financial aid, they will not be contacted by Friar Family Collective

DOES RHODE ISLAND HAVE AN NIL STATE LAW?

No – With no NIL law in place some Rhode Island legislators seek to change that with the introduction of House Bill 6673. Effective January 1, 2023, the bill covers many of the common provisions, without explicit prohibition on school marks use or vice industry endorsements.

Who is Coast to Coast Promotional Products?

Coast to Coast Promotional Products is the official promotional product company for Providence College Athletics. They are located on Pontiac Ave in Cranston, RI.

Is my contribution tax deductible?

No – Contributions to the Friar Family Collective are not tax deductible.

For further questions, please contact us.