ARIZONA STATE FOOTBALL

Reports: Arizona State boosters to unveil 7-figure NIL collective in May

Apr 30, 2022, 8:05 AM | Updated: May 1, 2022, 10:06 am

Ray Anderson, vice president for university athletics at Arizona State...

Arizona State Sun Devils athletic director Ray Anderson during the UCLA Bruins vs Arizona State Sun Devils football game on Saturday December 5, 2020 at Sun Devil Stadium in Tempe, AZ. (Photo by Jevone Moore/Icon Sportswire via Getty Images)

(Photo by Jevone Moore/Icon Sportswire via Getty Images)

The Arizona State Sun Devils’ boosters are reportedly unveiling a seven-figure name, image and likeness (NIL) collective for the school’s marquee sports, according to Sun Devil Source.

The idea to start the collective comes amid players such as wide receivers Ricky Pearsall, LV Bunkley-Shelton and Freshman All-American linebacker Eric Gentry all cited NIL reasons for their departure into the transfer portal. The Sun Devils also lost starting quarterback Jayden Daniels to LSU in the portal.

The list of prominent Sun Devils to enter the transfer portal continued on Friday as center Ezra Dotson-Oyetade and star defensive tackle Jermayne Lole announced their intention to enter the portal.

Lole also said he was entering the transfer portal due to NIL reasons but could return to Tempe. He could demand up to a six-figure deal, Sun Devil Source’s Chris Karpman reported.

The new entity, which will have at least six founding members and allow for up to 15 board seats, is anticipated to apply to the IRS for non-profit 501(3)(c) status in May. The board’s current composition includes expertise in marketing, sports law, financial and tax advisory and non-profit operations. It has already received commitments totaling several hundred thousand dollars, with a goal of at least a million dollars pledged by launch and multiple millions of dollars derived from benefactors on an annual basis.

The money will be used mostly on the football and basketball team to keep the premier players in Tempe. There is a chance to use funding toward unsigned recruits as well.

Members of the Sun Devil athletic department have been in contact with the collective and have “expressed support, generally, for their agenda,” Karpman wrote.

Comments

Comment guidelines: No name-calling, personal attacks, profanity, or insults. Please keep the conversation civil and help us moderate comments by reporting abuse.
comments powered by Disqus

Arizona State Football

Wide receiver Tetairoa McMillan #4 of the Arizona Wildcats runs with the football against the Arizo...

Bailey Leasure

ESPN’s Connelly projects college football win totals for ASU, Arizona

ESPN's Bill Connelly projects win total for Arizona State and Arizona in their first season in the Big 12 conference.

2 days ago

(Graphic via Valero Alamo Bowl)...

Arizona Sports

Former Pac-12 teams in Big 12, elsewhere will retain prior bowl game affiliation

The Pac-12 announced that former conference members in the Big Ten, Big 12 and ACC will keep the old bowl game affiliations.

3 days ago

Brett Yormark, Big 12 commissioner...

Ryan Pasiecznik

Notable Arizona State, Arizona legends named to first-ever Big 12 Alumni Council

Four alumni who made their imprint on the Arizona schools were named to the first Big 12 Alumni Council on Wednesday.

5 days ago

Arizona State Sun Devils helmets during the college football game between the Utah Utes and the Ari...

Ryan Pasiecznik

Arizona State football enters Big 12 conference with ‘external motivation’

Arizona State football heads into its first year in the Big 12 conference with plenty to prove to its naysayers.

6 days ago

...

Arizona Sports Video

Video: Big 12 commissioner Brett Yormark says the conference is the deepest in college football

Big 12 commissioner Brett Yormark says the conference is the deepest in college football

6 days ago

...

Arizona Sports Video

Video: What we learned from Arizona State at Big 12 Media Days

Kenny Dillingham spoke to the media at Big 12 Media Days about being pick to finish last in the conference. Brett Yormark also spoke about the conference being the deepest in all of college football.

6 days ago

Reports: Arizona State boosters to unveil 7-figure NIL collective in May