This week, the College Sports Commission (CSC) released its first NIL Deal Flow Report, providing a snapshot of activity across its NIL Go platform, though the rollout of the data was not without issue. The report captures platform and deal activity from June 11, 2025 — the date the platform launched — through August 31, 2025. The CSC released its initial report on September 4. On September 5, the CSC issued a corrected report, indicating that the misreported results were attributable to errors made by its outside consulting firm.
Platform Activity: During this period, 32,729 users registered on the platform. Of these, 28,342 are student-athletes, and 1,227 are institutional users. Student-athletes added 3,160 designated representatives or agents as registered users on the platform.
The CSC reports that an average of 2,262 users were active on the platform weekly. Most of these users have been student-athletes (1,658 per week) and institutional users (507 per week).
Deal Activity: According to the corrected data, users submitted 8,359 deals to the CSC in the reporting period, with 6,090 of those deals achieving clearance. While the data is not entirely clear on the number of deals that remain pending before the CSC, it suggests that the CSC has adjudicated approximately 6,497 of the more than 8,300 deals that have been submitted. If so, this results in a deal clearance rate of about 94%.
The total value of cleared deals for the reporting period was initially reported to be $79.8 million; however, the corrected report reflects a far lower total value of $35.42 million. This results in an average deal value of approximately $5,816. Some deals were valued at more than $1.6 million. The report does not indicate the minimum deal value.
The CSC reports that 332 deals were not cleared, and another 75 were resubmitted for reconsideration. According to the CSC, no NIL deals are currently in arbitration, though the report does not indicate whether any deals have completed the arbitration process.
In addition to providing these statistics, the CSC offered a brief list of common clearance issues for NIL deals, including (1) delays in attesting to or providing the required information, (2) contradictory deal terms or misreporting of deal terms, and (3) failure to satisfy the valid business purpose requirement. The report does not expand on these common issues.
Recurring Reports: The CSC stated its intent to make similar reports publicly available on a periodic basis. These reports will provide a recurring snapshot of activity across the NIL Go platform.
For its part, the Collective Association continued its criticism of the CSC, stating the NIL Go platform is “a system lacking in clarity, accuracy, and speed.” The Collective Association released its own report of deals submitted to the CSC by its members, which suggests a much lower clearance rate. Of 384 deals submitted by its members, 120 were rejected, 25 were approved, 47 required additional information before adjudication, and 192 are awaiting a response.
