Spyre also manages an offshoot, the Volunteer Club—believed to be one of the largest and most ambitious collectives in the country. The Club, at more than 1,000 members, distributed about $4 million to 130 Tennessee athletes this past season, most coming since January. Spyre’s goal is to raise $25 million, and officials believe it is doable.
This is a well-oiled NIL machine, led by a pair of savvy marketing agents with an office that is ballooning. Spyre is in the process of moving to a larger facility in Knoxville after a recent staff expansion. In a few short months, the company is roughly half the size of the Tennessee athletic department’s own fundraising arm.
https://www.si.com/college/2022/08/10/n ... aily-cover
Good SI story on the impact of NIL collectives, using UT as an example
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Re: Good SI story on the impact of NIL collectives, using UT as an example
Two things struck me in the article. The first was the comment that fancy facilities etc. now mean little in the face of the money spread by NIL collectives. Nice that we are dropping a ton of money on our facilities just in time for this. The second was the comment likening this to the steroid era in baseball and that eventually rules will control it, although it's wild west for now.
I hope we can maintain some kind of program for the next three to five years until the dust settles on this.
I hope we can maintain some kind of program for the next three to five years until the dust settles on this.