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Endorsement deals come thick and fast for college athletes, as NCAA floodgates open

Endorsement deals come thick and fast for college athletes, as NCAA floodgates open

CBSN
Thursday, July 29, 2021 12:18:28 PM UTC

Boost Mobile and Fresno State women's basketball twins Haley and Hanna Cavinder. Smoothie King and Louisiana State University and quarterback Myles Brennan. 1-800-Got-Junk and Kansas University hoops star Mitch Lightfoot. 

Companies large and small have wasted no time finding college athletes for sponsorship deals, just weeks after the NCAA granted them the OK to do so. While the financial details on some of these deals have been kept secret, what's clear is that student-athletes signings are happening faster than you can say "Division I." Sports experts say this is only the beginning.  "The speed at which companies went after these athletes was shocking," Tim Derdenger, a sports marketing and branding expert and professor at Carnegie Mellon University, told CBS MoneyWatch. "I mean, I knew it was going to happen eventually, but we're only three weeks in."
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