BIRMINGHAM, Ala. – The Samford Athletics Department and INFLCR have jointly announced the launch of the All For Samford Exchange, which will allow Bulldog student-athletes to pursue Name, Image and Likeness (NIL) business opportunities.
Companies can register for All For Samford Exchange now via
SamfordSports.com/Exchange. Examples of possible business deals include public appearances, autograph signings, social media promotion and endorsement, private lessons and athletic camps.
"Our new local exchange site will give our student-athletes better direction on taking advantage of their name, image and likeness," Samford Director of Athletics
Martin Newton said. "We are excited about the opportunities this will provide for our student-athletes, and we look forward to seeing them utilize this platform."
The All For Samford Exchange will be the home for all Samford NIL information, education, opportunities and reporting. Members of the business community will now be able to partner directly with student-athletes on brand-focused activities, provided they are within legal protocols and follow the Samford NIL guidelines and are approved in advance by the Samford Compliance department.
After a business or individual registers on the All For Samford Exchange, they will have access to a searchable database of Samford student-athletes, and filter that database through a variety of criteria. They will have the ability to message the student-athlete directly in the application or request contact information to begin discussions about any potential NIL transaction. INFLCR and Samford will not be involved in any of the negotiations.
Upon finalization of an NIL deal within the local exchange, student-athletes will then be able to complete a compliance disclosure within the INFLCR app. The app will also include a payment processing tool for the business to securely and directly pay the student-athlete, with no transaction fees. All disclosure and payment data automatically reports to the institution's existing INFLCR compliance portal, and any payments processed using this tool will be reported on a consolidated 1099 that lives in the student-athlete's INFLCR app for more efficient tax reporting.
About INFLCR & Local Exchange
INFLCR, a Teamworks product, is the leading athlete brand-building and NIL business management app for over 270 elite collegiate and professional sports organizations. The INFLCR athlete app educates student-athletes, coaches and staff for the NIL era in a safe and compliant environment, all powered by best-in-class content delivery for student-athletes to access and share content to their social media channels. INFLCR technology also includes the impactful INFLCR Local Exchange, a school-customized NIL exchange where schools can direct businesses, individuals, or collectives seeking to find, communicate with, pay and report NIL transactions with its student-athletes. The INFLCR Local Exchange maximizes the student-athlete's wallet share while streamlining compliance and tax reporting responsibilities.