From St. John’s Athletics:
St. John’s Athletics in conjunction with INFLCR announced Friday the launch of UNLIMITED Exchange, an innovative solution to further assist Red Storm student-athletes and businesses streamline Name, Image, and Likeness (NIL) opportunities.
St. John’s UNLIMITED Exchange, a free service offered to all student-athletes, serves as a one-stop platform for NIL that manages reporting, while providing approved businesses, collectives, and individuals with a customized portal for communicating with student-athletes and fulfilling NIL transactions.
“We’re so excited about the launch of UNLIMITED Exchange,” said Director of Athletics Mike Cragg. “It’s about opportunity for the student-athletes that are interested in it, entrepreneurial in spirit and using their Name, Image, and Likeness for their own benefit.”
After a business, collective, or individual registers with UNLIMITED Exchange, they can access a searchable database of St. John’s student-athletes, and filter student-athletes based on a variety of criteria. They can message Red Storm student-athletes directly in the application or request contact information (or their agent’s) to start a discussion about an NIL transaction.
Upon finalization of an NIL deal, the compliance disclosure will include a payment processing tool for businesses to securely pay the student-athlete without any transaction fees. At the end of the calendar year, all transactions within local exchange will be consolidated into one 1099 for easier tax reporting for both student-athletes and registered businesses.
St. John’s is one of only nine athletic departments in the nation partnering with INFLCR to offer this new NIL-centric advancement to its student-athletes.
“Our customers – from administrators, to coaches, to student-athletes – are innovative and engaged, and played a key role in helping our product team design and build the INFLCR+ Local Exchange,” said INFLCR President Jim Cavale. “Our launch partners are so far ahead of the curve; I’m just humbled by the trust that they’ve placed in us and in the Local Exchange.”
Interested parties can register here with St. John’s UNLIMITED Exchange to connect with Red Storm student-athletes.
INFLCR is the leading content and compliance platform for elite athletic programs, educating and preparing staff and athletes for the NIL era, all powered by best-in-class content delivery via mobile app. INFLCR works with more than 3,500 collegiate and professional sports teams with a network of over 70,000 active athlete users.
With revolutionary new products like the Compliance Exchange, Storyteller Playbook, and administrator dashboard, INFLCR enhances the athlete experience with a comprehensive solution for responsible brand-building on social media, as well as a fully compliant path to external commercial activity from NIL.
Visit www.inflcr.com for more information.