Real-Time NIL Payments to College Athletes During Athletic Events

Smart overview of the Invention

The patent application describes a system enabling real-time Name, Image, and Likeness (NIL) payments to college athletes during athletic events. This system allows fans to directly reward athletes for their on-field achievements through immediate financial contributions. The invention aims to enhance current NIL payment structures by introducing the capability for fans to make spontaneous payments during games or related events.

Background

In recent years, legislative changes have allowed college athletes to receive compensation for their NIL, with several states enacting laws to this effect. Although the NCAA initially planned to implement a system for NIL payments, it faced challenges due to antitrust concerns. Following a Supreme Court decision in 2021, the NCAA introduced an interim policy permitting NIL payments. As a result, many collegiate programs now have systems for scheduled NIL payments and endorsement deals.

System Implementation

The proposed system involves setting up NIL accounts for athletes and fan accounts for those attending events. Fans can make payments using various digital payment methods such as Venmo, Google Pay, and Apple Pay. The setup also requires coordination with announcers and compliance with NCAA regulations and relevant laws. This infrastructure allows fans to make real-time payments during games or other athletic events.

Operational Details

During an event, when an athlete achieves a notable performance, fans have the option to make unsolicited NIL payments. These contributions can be made for exceptional plays or even personal reasons like supporting athletes from their hometowns. Payments are processed in real-time, either directly to the athlete's account or via a collective that distributes the funds immediately.

Payment Solicitation and Execution

Significant athletic achievements may prompt announcers to solicit NIL donations, encouraging fans to contribute. If such solicitations result in payments, these are credited to the athlete's account promptly. The process is designed to repeat throughout the event, ensuring continuous engagement and financial support for athletes based on their performances.