Welcome to the Cuse Accelerate Exchange
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What is the Cuse Accelerate Exchange?
The Cuse Accelerate Exchange is a student-athlete NIL business registry, custom-designed for businesses, donors, alumni, and any other interested NIL dollars wishing to connect with Syracuse University student athletes. Registered businesses can search, filter and initiate conversations with Syracuse student-athletes to discuss an NIL deal. Once the NIL deal between a registered business and the student-athlete is completed, the business will use the Cuse Accelerate Exchange to create a transaction that will produce a direct payment to the student-athlete (without any transaction fee) and automate a disclosure to the Syracuse University INFLCR Verified Compliance Ledger. Syracuse and its staff will not be 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 athletes.
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 Syracuse University NIL protocols.
Does the state of New York have an NIL Policy?
No, therefore the NCAA has guided its membership to enact NIL policies for their institutions.
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 Cuse Accelerate Exchange
Does the school or INFLCR take any revenue from NIL transactions in the Local Exchange?
Do you have to be an official university partner to register?
No, but businesses will not be permitted to use university marks without approval from the Syracuse Office of Trademark Licensing.
Who approves your request to register?
Typically, compliance officers designated by the institution. If you have any questions about your approval, contact Mark Wheeler, Associate Athletics Director for Compliance at firstname.lastname@example.org
How will I know when I am approved?
You should receive an email from the institution verifying your approval. We don’t have specific numbers for how long it will take to get verified. Each institution works differently.
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 in January 2022.