Icon Source Unveils Free Open Market Trading Software for College Athlete Disclosure, Compliance and Local Trading NIL
DENVER–(BUSINESS WIRE)–Icon Source, the leading digital marketplace connecting brands and athletes for endorsements and partnerships, today announced the launch of its new Icon Suite local marketplace available free to all NCAA colleges and their student-athletes across the United States. The innovative software tool simplifies the NIL administrative process for colleges and universities in two key areas – agreement disclosure and compliance – while simultaneously providing a seamless system to connect state and local businesses, alumni and other parties interested in student-athletes.
Icon Suite is currently live at the University of Central Florida and Washington State University, with 25 additional universities expected in the coming weeks.
“We developed Icon Suite as part of our mission to add value to every collegiate athlete and make the process easier for students, administrators and local businesses,” said Drew Butler, executive vice president of Collegiate. at IconSource. “Removing the barrier to entry with an open market solution allows schools at all levels to participate and tap into their local community efficiently and easily. It really is ZERO for everyone – no matter the size of the school or the market, we take great pride in leveling the playing field by offering this tool at no cost.
Customized for each college partner, Icon Suite makes it easy for athletes to disclose all NIL offerings via student login and allows compliance officers to access contracts and analytics across demographic breakdowns, as well as other key metrics, in the reporting section. The Brand Exchange also serves local businesses and alumni through the platform by providing direct access to athletes, as well as Icon Source advice, education and support throughout the process of facilitating athlete sponsorship. .
Setup time is minimal, as an Icon Suite system has already been created by Icon Source for each NCAA institution to expedite its launch on campuses and eliminate any administrative setup burden on schools. Icon Suite requires no contract and is free for the university, allowing athletic departments to add the useful offering to their existing NIL processes.
“Icon Suite, the new offering from Icon Source, provides athletic directors with an excellent solution to maximize NIL opportunities for their student-athletes while having full visibility and transparency into the scope of NIL activity,” said former NCAA athletic director and executive Oliver Luck.
The full-service system will provide local brands and alumni easy access to potential student-athlete partners while reducing the administrative requirements of negotiating NILs.
For more details on the Icon Suite software, click here. Interested universities can request a demo by emailing [email protected]
About Icon Source
Icon Source is a digital marketplace that brings together agents, athletes and brands. The Denver-based company is the only platform that offers brands of all sizes direct communication with agents and athletes, eliminating unnecessary intermediate steps to interact with professional and college athletes. For more information and to create a free account, visit www.iconsource.com.