In its simplest terms, NIL means that student-athletes have the ability to profit from their own name, image and likeness—something they weren’t permitted to do until the summer of 2021. With the introduction of collectives shortly after, the scope of collegiate athletics changed yet again, making the rules and regulations a bit murkier.
There is not a standard for collectives across universities; each school and sport has the license to have some level of creativity with it. But, in most forms, it consists of a group of boosters, alumni or supporters coming together to form an organization that provides NIL opportunities to student-athletes.™
Football’s TBIAF is perhaps one of the most unique collectives out there. For starters, it is purposefully called a foundation and not a collective. Furthermore, it is rooted in a mission to partner the University of Maryland football players with the youth in the surrounding community to build a better tomorrow. In response, fans and supporters can donate on the TBIAF website to compensate the student-athletes for their community work.