Commission overstated OK'd NIL deals by $44.4M

"The College Sports Commission sent out a correction Friday, saying it had overstated the amount of name, image, likeness deals it has cleared by more than $40 million in a data set it made public a day earlier. The commission blamed a clerical reporting error in data provided by Deloitte, which helped develop the platform called NIL Go. The most jarring of the errors: The total value of deals cleared was $35.42 million instead of the $79.8 million previously announced. The $79.8 million is the total amount of all deals in the system, including those that are still pending."

"The CSC also said that 6.090 deals had been approved, not the previously reported number of 8.359, which is the total number of deals in the system to date. "We take full responsibility for this reporting error," Deloitte said in a statement. "We have taken additional measures to avoid any future recurrence and are fully confident in the NIL Go platform." The platform was created as part of the House settlement, which allows schools to pay athletes directly for their NIL, while also offering them a chance to make money from outside groups."

"The CSC is releasing figures periodically in what it has said is an effort for transparency as it undertakes the difficult task of sorting through thousands of business deals made by athletes, whose eligibility is at stake if the contracts aren't deemed to be within the guidelines. The mistake offers a window into the enormity of the task for the CSC, which opened July 1 and last month was operating with fewer than a half-dozen full-time employees."

The College Sports Commission issued a correction after discovering a clerical reporting error in Deloitte-provided data for the NIL Go platform. Cleared deal value amounted to $35.42 million, not $79.8 million, and 6.090 deals were approved rather than the previously reported 8.359. The larger figures reflected all deals in the system, including pending ones. NIL Go analyzes outside deals worth $600 or more as part of the House settlement that allows schools to pay athletes and enables outside-group deals. The CSC is releasing periodic figures while processing thousands of agreements and initially operated with fewer than half-dozen full-time employees.

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