FAQs
-
Between 85-90%. Our overhead costs are very low since much of the work is being done pro bono. The Icon Collective has one hourly employee to assist with administrative and bookkeeping matters. We have retained legal counsel to ensure compliance with NIL law, and we have other expenses related to IT, marketing materials, content creation (photography and videography), and fan engagement experiences. The goal has always been, and will continue to be, to get the most lucrative NIL deals to the athletes. Our Advisory Board was created to reassure the fans that this is happening.
-
No. The contracts vary based on the specific athlete and the requirements of the athlete under the contract. For example, an athlete who appears in person at a fan engagement event would earn more compensation than an athlete who posts on social media. Additionally, higher profile athletes may receive more compensation than lesser-known athletes. Each deal is individually negotiated and agreed upon by the athletes and each business.
-
The Icon Collective will be used to benefit all student-athletes in good standing with their HBCU or other college or university.
-
No. Student-athletes partner with the Icon1901 Collective and our business partners to enter into NIL deals on a non-exclusive basis. We want the athletes to have the opportunity to do the most they can in this new. NIL world. In fact, we promote their deals with other groups and businesses
-
The agreements are limited in time and scope to provide protection for member funds in the situation where an athlete may transfer or no longer participate in the athletic program. The agreements can’t be canceled, but we specifically structure the agreements to minimize these risks.
-
While The Icon Collective exists exclusively for the benefit of student-athletes and fans, it is not affiliated with any University. It is a third party created to work with student-athletes in the ever developing NIL Space.
-
No. NIL law prohibits compensation paid to athletes to encourage attendance at a particular institution. The Icon1901 Collective welcomes the opportunity to work with the athletes once they are enrolled in school.
-
While we send out periodic emails to our members, our Twitter and Instagram pages are the best way to obtain the most current information about our athletes and our operations.
-
Yes. We can work with you to arrange specific NIL deals with the athletes.
-
No. Every fan's situation is different. If we all do what we can, the collective impact can be huge. Do what works for you, and you still get full access.
-
Yes. We have the framework set up to facilitate these types of opportunities for businesses. We can help with the creative media and all agreements have been reviewed by legal counsel to ensure compliance with NIL laws. Contact us at info@theicon1901.com
-
If you would like to help promote the mission of The Icon1901 Collective or donate services to our organization, please email us at info@thecollective.org. This is a team effort, and we appreciate any help we can get!
Don’t see the answer to a question? Contact Us.
info@theicon1901.com
1-888-235-ICON
Scan QR code or click the link below to schedule a meeting.