Inside HOKIE SPORTS | Vol. 14 No. 1 | August 2021

26 Inside Hokie Sports Q: May VT employees assist me with arranging for student- athletes to utilize their NIL for compensation with my business, etc.? Any VT employee must consult the Compliance Office before providing any assistance to a student-athlete related to an NIL activity. Q: Will VT assist SAs with other NIL-related issues? Yes. VT will have resources and programming to educate student- athletes in how to maximize the use of their NIL for compensation, as well as understanding associated issues (e.g., financial literacy, debt management, time management, budgeting, academic resources, taxation). Q: May an SA receive NIL-compensation based on the SA’s athletic performance at VT? No. Q: May a booster or fan compensate an SA for the SA’s NIL when the SA is engaged in official team activities? No. For example, if a SA is at a fan event that has been organized by VT (e.g. Fan-Day), or at an away-from-home competition, you may not compensate the SA for the SA’s autograph or photo because the SA is engaged in official team activities. If the SA is participating in an activity that was organized by VT, then it is an official team activity. Q: Are there limitations on the compensation or opportunities that can be provided to a SA for use of their NIL? Yes. Compensation for NIL use shall be commensurate with the market value. Additionally, SAs are not permitted to enter into an endorsement contract, or otherwise receive compensation, from any of the following categories or brands: • Casinos or gambling, including sports betting; • Alcohol products; • Adult entertainment; • Cannabis, cannabinoids, cannabidiol, or other derivatives; • Dangerous or controlled substances; • Performance enhancing drugs or substances; • Drug paraphernalia; • Tobacco and electronic smoking products and devices; and •Weapons, including firearms and ammunition; • Any substances not listed above that appear on the NCAA banned substances list. Q: Can VT’s marks, logos or other intellectual property be used in a proposed NIL-contract with a VT SA (e.g., SA filming endorsement ad while wearing VT hat or jersey)? No. Q: May a booster, fan or VT employee provide NIL- compensation to a prospective student-athlete (“PSA”)? No. Generally, PSAs participate in competition governed by state athletics associations that have amateurism rules which prohibit a PSA from using his/her NIL for compensation. Q: May a contract for NIL compensation stipulate that an SA must compete for, or attend, VT (or any other NCAA member school)? No. This type of arrangement could impact a student-athlete’s eligibility. WHEN IN DOUBT, ASK! If you have any questions regarding any NCAA, ACC, or Virginia Tech rules, please contact the Athletics Compliance Office. For more information, please visit www.hokiesports.com/compliance Continued from page 25