Good morning, and thanks for your continued support of Extra Points.

I don't really like the term "NIL Expert." I certainly wouldn't use that to describe myself, although I do think I understand this space decently well, given the time I've spent reporting on it. I think the NIL world is changing too quickly, and the markets are too new, for anybody to claim deep expertise.

But there are folks who have deep subject matter expertise, folks whose opinions carry a lot of weight with me. There are folks who work on the legal side, the accounting side, the branding side and the university side who work in the blood and guts of the NIL world every day, whose insights are valuable and instructive.

Today, I want to share a guest post from one of those individuals. C. Peter Goplerud is an attorney with SpencerFane, specializing in their Higher Education practice. He's been a member of the Sports Lawyers Association Board of Directors since 1997, and has advised schools and third parties in NIL and Collectives. I've interviewed him for Collegiate Sports Connect, and he's someone whose opinion I respect when it comes to compliance, legal obligations, and what schools and big-money boosters are thinking.

He asked to share a brief newsletter on what he sees of the NIL world at the ten month mark, which I am happy to share with my readers here. The following are his remarks: