Colorado two-way faculty soccer star Travis Hunter has drawn consideration for his eye-popping skills on the sector. The broad receiver-cornerback has 342 yards receiving and 5 touchdowns this season, rising as a respectable Heisman Trophy candidate.
However one thing Hunter is doing off the sector would possibly catch consideration, too. NerdWallet, the non-public finance web site, introduced Wednesday it was partnering with Hunter for what it calls “the neatest NIL deal ever.”
Hunter turned the primary NCAA soccer participant to signal a deal that requires “athletes to decide to a wise cash motion and publicly share contract phrases for accountability.”
Translation: Hunter agreed to place 20% of his cash earned from the deal right into a financial savings account.
“Preparation is the important thing to success each on and off the sector, and I’m excited to plan for a powerful monetary future with the assistance of NerdWallet,” Hunter stated in an announcement by way of an e mail from NerdWallet. “The chance to earn and be smarter with managing my NIL cash in the best checking account whereas taking part in soccer was too good to cross up.
“The NIL partnership with NerdWallet empowers me to take cost of my long-term monetary future, and I really consider it may be a game-changer for faculty athletes like me. By prioritizing sensible monetary choices now, we’re setting ourselves up for fulfillment past the sport and main by instance.”
Hunter has an estimated $2.3 million NIL worth, according to Sports Illustrated, one of many highest in faculty athletics.
Followers usually learn extra tales about athletes’ monetary failures than they do their successes, and even then the stories are principally a few participant securing a large contract, model deal or possession stake.
For instance, former Minnesota Vikings star working again Adrian Peterson lately made headlines for being in debt to creditors. In the meantime, famously profitable athletes similar to Shaquille O’Neil actively promote their accountable fiscal choices.
Hunter’s deal ought to be considered for example for all student-athletes to comply with on this early, wild west period of NIL in faculty sports activities. A accountable saver relatively than a reckless spender within the highlight supplies path for future generations of student-athletes.
NerdWallet stated that is its third NIL deal of this type. The primary two had been signed by USC girls’s basketball star JuJu Watkins and 2024 NBA Draft first-round choice Rob Dillingham.
