With NIL, student-athletes now have tons of options to make money, but there is also a larger chance that athletes might encounter NIL scams. The following advice will help you recognize any NIL scam: 

1. Conduct Research: 

Recognize the guidelines and policies of NIL. Learn the rules of what is and isn't permitted by the NCAA. Keep up with any changes to federal regulations and the specific NIL legislation that apply to your state. 

2. Stay Away From Upfront Charges: 

Any person or group that requests upfront payments or fees in exchange for NIL prospects should be avoided. You should not have to pay for genuine NIL offers. 

3. Review Offers: 

Do your homework on the business or person providing the opportunity before accepting any transaction. Examine their credentials, experience, and background. You can always contact your compliance office or athletic department to confirm that certain NIL opportunities are real. 

4. Seek Legal Advice: 

If you really want to ensure contracts and offers are reasonable and in line with NCAA rules, speak with a lawyer focusing on NIL and sports law. 

5. Know the Terms: 

Each NIL agreement or contract should be read and understood in its entirety. Ensure you know what you are getting into and that it complies with NCAA regulations. 

6. Watch Out for Quick Promises: 

Deals that promise quick cash should be viewed with caution. It can take some time for genuine NIL chances to arise. 

7. Defend Your Persona: 

Consider how any NIL opportunity will affect your long-term objectives and personal brand. Steer clear of transactions that can impair your eligibility or image. 

8. Investigate Suspicious Activity: 

Notify your athletic department, compliance office, or the NCAA if you encounter possible NIL scams or dubious offers. You want to make sure that you comply with NCAA regulations, or this scam could leave you in trouble.

9. Look Out For Social Media Scams: 

Be wary of unsolicited social media messages that present NIL chances. Scammers frequently use these platforms to target student-athletes. 

10. Follow Your Instincts: 

If anything feels off or appears too good to be true, go with your gut and get guidance from reliable people. It's better to be safe than sorry.

11. Remain Informed: 

Keep up with modifications to NCAA and NIL regulations. Keeping abreast of changes in the landscape will enable you to make well-informed decisions. 

Being alert, careful, and diligent will help student-athletes recognize NIL scams. Ask your athletic department or an experienced attorney with NIL experience for advice if you are unsure or worried.