Most NIL Deals Pay Less Than a Used Honda

The median NIL deal is $60—not $60,000. While headlines trumpet seven-figure quarterback contracts, the gap between perceived NIL wealth and reality is poisoning the ecosystem. Brands don't engage because they assume athletes expect fortunes. Universities field complaints about "all this money" while most athletes have earned less than a textbook stipend. And the public resents wealth that doesn't exist. Here's what the data actually shows—and why it matters for brands, universities, and the future of college sports.

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Bill Carter