MMA academy offering NIL contracts to Miami football players
MMA academy American Top Team will offer a name, image, and likeness contract worth $500 per month to every Miami scholarship football player, the gym's founder, Dan Lambert, told Gary Ferman of CaneSport.
The deals could be worth up to $6,000 per year. If each of the 90 players accepts a contract, American Top Team's total commitment for the first year could reach as much as $540,000.
"The NIL legislation is an amazing opportunity for businesses and fans to directly impact the lives of these players and the national reputation of our team," Lambert, a longtime Miami donor, said Tuesday.
He added: "I originally planned to just enter into deals with a few players, and then it hit me that there is a way bigger play here. With the right contacts, effort, and financial commitment, we can reach every player and get this city firmly behind this team where it should be. We can bring back The U."
The NCAA approved an interim policy allowing players to profit off their name, image, and likeness July 1. Since then, Miami quarterback D'Eriq King and Florida State passer McKenzie Milton have co-founded an NIL platform to help other student-athletes.