Brands will account for 70% of that spend, with most of the rest coming from so-called collectives, alumni groups that funnel money to athletes, according to Opendorse.
Female athletes and meme starsGiven the wide-open field, brands’ strategies with NIL deals vary widely.
Jill Cress, chief marketing and experience officer of H&R Block in a 2018 picture.
Favorability ratings from both Gen Z consumers and parents of college students rose after the campaign, according to Ms. Cress.
Bigger deals aheadNIL deals will likely evolve to often include intellectual property agreements with the schools in question, said Mr. Schwab.