Colorado two-way school soccer star Travis Hunter has drawn consideration for his eye-popping talents on the sphere. The extensive receiver-cornerback has 342 yards receiving and 5 touchdowns this season, rising as a reliable Heisman Trophy candidate.
However one thing Hunter is doing off the sphere would possibly catch consideration, too. NerdWallet, the private finance web site, introduced Wednesday it was partnering with Hunter for what it calls “the neatest NIL deal ever.”
Hunter grew to become 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 sphere, and I’m excited to plan for a robust monetary future with the assistance of NerdWallet,” Hunter mentioned in an announcement through 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 actually imagine it may be a game-changer for school athletes like me. By prioritizing sensible monetary selections now, we’re setting ourselves up for achievement past the sport and main by instance.”
Hunter has an estimated $2.3 million NIL worth, in accordance with Sports activities Illustrated, one of many highest in school athletics.
Followers typically learn extra tales about athletes’ monetary failures than they do their successes, and even then the experiences are principally a couple of participant securing an enormous contract, model deal or possession stake.
For instance, former Minnesota Vikings star working again Adrian Peterson not too long ago made headlines for being in debt to collectors. In the meantime, famously profitable athletes equivalent to Shaquille O’Neil actively promote their accountable fiscal selections.
Hunter’s deal must be considered for instance for all student-athletes to observe on this early, wild west period of NIL in school sports activities. A accountable saver slightly than a reckless spender within the highlight offers path for future generations of student-athletes.
NerdWallet mentioned that is its third NIL deal of this sort. The primary two have been signed by USC girls’s basketball star JuJu Watkins and 2024 NBA Draft first-round choice Rob Dillingham.
