September 22, 2023

NIL FOR HIGH SCHOOL ATHLETES IS HERE..HOW DO WE PREPARE YOUNG SCHOLARS FOR SPENDING THE BAG?

Presentation1

Love it or hate it, NIL has arrived in post-secondary academics, and as an educator and apprenticeship program operating in Los Angeles County, Dakar Foundation wants to put its student-athletes, parents, and partner high schools up on the game. We’ve recently faced the issue of students earning money to learn through our apprenticeship program, but what happens when they come from communities that have had little or no wealth management training?

There’s plenty to be concerned about, but we’re here to set boundaries, and practicum for parents and their scholars to prosper on all levels of this NIL phenomenon. Please join us, on Friday, October 6th, at 11 a.m. as we produce a live podcast to investigate this runaway topic with leading thought leaders, venture capitalists, financial managers, and next-level economists.

Through our podcast Dakar’s editorial team will discuss the origins of NIL and its implications for financial and social impact, especially in marginalized public school districts We’ll interview leaders in this space who’ll be  on the main stage inside of Pauley Pavilion the pros and cons of amateur players who are not paid for their performance on the field, but compensated by sponsors for use of their name, image, and likeness to promote a product or cause.

NIL has made its way into high-school sports, as 28 states, along with Washington, D.C., have given their approval for athletes to profit.

High-schoolers can accept endorsement deals that use their NIL, with a few rules in place.   We’ll  discuss the future of high-school athletes that are forbidden from using their high school’s name, logo or uniform as part of their NIL deals, but can artificial become a fly in the soup for regulations and guiding principles?

Some states are a bit more strict with their NIL bylaws. In Oregon and Virginia, high-schoolers cannot pitch products such as alcohol, tobacco, adult entertainment services, weapons, gambling or prescription drugs. In Oregon, students are also not allowed to campaign for political candidates.

“We probably won’t think of everything, but we can provide some clarity in some areas that make sense,” such as the impact of artificial intelligence on NIL growth, and the disparities between public and private school programs.