[Pete Nakos] According to the settlement, all third-party NIL deals of $600+ must be approved by a clearinghouse that will vet contracts. If not approved, a new third-party arbiter could deem athl...

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The original was posted on /r/cfb by /u/Lakelyfe09 on 2024-07-26 21:43:46+00:00.

Original Title: [Pete Nakos] According to the settlement, all third-party NIL deals of $600+ must be approved by a clearinghouse that will vet contracts. If not approved, a new third-party arbiter could deem athletes ineligible or a school could be fined.