Those are 2 total different animals. It's really hard to keep up coz rich boosters upping the amounts every year. ** Edited by carhokies at 1/13/2026, 10:27:20 AM

Delaware requires minimal public information about ownership, board members, or internal governance. For collectives funded by boosters, this allows more privacy around who is involved and how decisions are made. NCAA guidance requires collectives to be “independent” entities, not controlled by the athletic department. Incorporating out‑of‑state helps reinforce that separation on paper, even if the donor base overlaps heavily with university supporters. Win Win

It's highly probably that not all of the NIL deals are even NCAA-vetted. Nationally, at least, even if VT has decided to play by the rules.

They’re toothless because the NCAA is trying to “enforce” rules it no longer has the legal authority to enforce. Courts, state laws, and the House settlement have stripped the NCAA of the power to punish schools or athletes for NIL behavior, so the new rules amount to paperwork, vibes, and voluntary compliance—not actual regulation. The House v. NCAA settlement forces the NCAA to abandon amateurism-based limits and accept school involvement in NIL. Any attempt to restrict compensation or punish market behavior is an antitrust violation. The NCAA knows this—every time they’ve tried to enforce NIL rules, they’ve been sued and lost. They are scared of another lawsuit. In reality, the new rules regulate process, not compensation. The NCAA’s proposed NIL rules focus on: “Valid business purpose” language in contracts Disclosure requirements Reporting timelines Documentation standards These are administrative guardrails, not actual limits on NIL money. Schools and collectives can still pay whatever they want because nothing in the new rules caps NIL earnings, restricts market value, limits collective spending, prevents pay‑for‑play in practice and stops schools from facilitating deals under the House framework.

There's nothing illegal about entering into a NIL deal and not subjecting it to Clearinghouse approval. There is only the possibility that the NCAA finds out about it and tells a school "Stop! Or I'll say stop again..."

NIL is third party (and no state funds are used). Universities get money from non appropriated funds, that is not state funds but dedicated to the university.Universities have discression with their funds and their investments. State only concerned with appropriated actitivies.

Revenue sharing is from the school. I am sure someone could FOIA it to find the contracts. Revenue sharing and NIL are two different things.

There is no way the big SEC schools and a handful of B1G schools are ever going to give up their money advantage . Equal revenue sharing though is a great marketing ploy by schools to fundraise from you and me to give the illusion it is all a fair winnable fight.

This level of spending can not continue. Even the big boys are saying that.

or tax returns....

I have heard that the school has put in the paperwork to avoid FOIA requests to get an idea of what each player is making from the school as far as "revenue sharing" goes...