Welcome to the Monarch NIL Exchange

Connect and work with athletes from
Old Dominion University
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What is the Old Dominion University Local Exchange?

The Monarch NIL Exchange is a student-athlete NIL business registry, custom-designed for businesses, donors, alumni, and any other interested NIL partners wishing to connect with student-athletes. Registered businesses can search, filter and initiate conversations with student-athletes to discuss an NIL deal. Once the NIL deal between a registered business and a student-athlete is completed, the business will use the Monarch NIL Exchange to create a transaction that will produce a direct payment to the student-athlete and automate a disclosure to the INFLCR Verified Compliance Ledger. The institution does not have to get involved in the deal and all transactions within the local exchange are consolidated into one 1099 at the end of the year for easier tax reporting purposes for registered businesses and student-athletes.

FAQs:

What is Name, Image & Likeness?

As of July 1, 2021, student-athletes competing in NCAA intercollegiate athletics are permitted to receive compensation for the use of their name, image or likeness (NIL) for commercial activities, including endorsements through traditional and social media, appearances, entrepreneurial activities, in-kind deals, autographs and more, in accordance with NCAA guidelines and Old Dominion University NIL protocols.

Does the state of Virginia have an NIL Policy?

Yes. The Virginia NIL Law can be found under Additional Resources.

Can a University employee or coach help arrange a deal for an athlete?

No. University employees, including coaches and members of the athletics department, CANNOT negotiate deals or contracts. However, they can direct student-athletes to NIL-related opportunities on the Monarch NIL Exchange.

Does the school or INFLCR take any revenue from NIL transactions in the Local Exchange?

No.

Do you have to be an official university licensee to register?

No, but businesses will not be permitted to use university marks without purchasing and obtaining approval from the Old Dominion University Trademark and Licensing Department. 

Who approves your request to register?

Typically, compliance officers designated by the institution. If you have any questions about your approval, contact  a4clark@odu.edu. 

How will I know when I am approved?

You should receive an email from the institution verifying your approval.  

When can I start contacting athletes and processing payments?

After being approved by the school, you will be able to contact athletes and process payments.

Additional Resources

NIL Policy Link

Licensing Link

NCAA

State Law