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Larry SprungUnderstanding NIL Agreements and Athlete Rights with Mit Winter

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1. Understanding NIL Agreements and Athlete Rights with Mit Winter Larry Sprung 37:22

The ability for athletes to profit from their Name, Image, and Likeness (NIL) has opened new opportunities—but also new risks.

How can young athletes protect themselves from bad contracts? What legal changes are shaping the future of college sports?

In this episode of Mitlin Money Mindset®, Larry Sprung interviews Mit Winter, Attorney at Kennyhertz Perry, about the evolving NIL landscape, the risks athletes face, and how legal shifts could impact college and high school sports. Mit shares insights on contract pitfalls, NCAA policy changes, and the potential for athletes to be classified as employees.

Mit discusses:

• The importance of reviewing NIL contracts carefully and how some athletes have been taken advantage of
• The NCAA’s recent settlement that removes scholarship limits in favor of roster limits, affecting different sports in various ways
• How the transfer portal and NIL deals have transformed college athlete recruitment into a financial negotiation
• The potential classification of college athletes as employees and the legal battles shaping this shift
• High school athletes profiting from NIL deals, the challenges of financial oversight, and concerns about protecting young athletes’ earnings
• And more!

Resources:

• Mitlin Financial  
• The JOY and Productivity Journal by Lawrence Sprung 
• Download Your Free Copy of the Couple’s JOYful Money Guide

Connect with Larry Sprung: 

• LinkedIn: Larry Sprung
• Instagram: Larry Sprung
• Facebook: Larry Sprung
• X (Twitter): Larry Sprung

Connect with Mit Winter: 

• X: @WinterSportsLaw
• Instagram: @mitwinter40
• LinkedIn: Mit Winter

About our Guest:

Mit is a college sports attorney based in Kansas City. He currently represents numerous universities, NIL collectives, businesses, athletes, and agents in NIL and other college sports related matters, and is often sought out by the media and others for his expertise in those areas. Previously, he represented the NCAA and conferences such as the Big 12 in a number of legal matters, including a number of cases related to college athlete compensation. He has been recognized numerous times by his peers as a Super Lawyer in the sports and Entertainment law category and in the past two editions of Best Lawyers in America for his work in sports law. Mit was also recently named to the Missouri Lawyers Power List top 100, which recognizes the top 100 attorneys in the state of Missouri, and and has been recognized by On3 as one of the top 25 most influential figures in NIL and by SilverWaves Media as one of the 70 most impactful people in the NIL space. In addition to his work in the college sports law space, Mit is also a former Division I college basketball player at William & Mary. He somehow still holds the record for most points scored (36) by a William & Mary player in Kaplan Arena (although he’s sure it will be broken soon).

Disclosure:

Guests on the Mitlin Money Mindset are not affiliated with CWM, LLC, and opinions expressed herein may not be representative of CWM, LLC. CWM, LLC is not responsible for the guest’s content linked on this site.

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Larry Sprung Host Mitlin

Lawrence “Larry” Sprung, CFP® is a husband, father, entrepreneur and mental health advocate.

Larry is the author of the Amazon Bestselling book “Financial Planning Made Personal” and the also host of the Mitlin Money Mindset™ a podcast that reminds you to ask yourself “What did you do today that brought you joy?®”

In 2004 he founded Mitlin Financial, Inc. naming the firm memory of Larry’s wife’s grandfather, Mitchell, and his mother, Linda. During his career, Larry has found that a lot of industry terms and concepts can seem confusing to outsiders. That’s why he works with the families he serves to break down complex financial topics into easy-to-understand concepts.

In recognition of Larry’s significant contributions to his profession, he has received quite a few awards. In 2021, Larry was named to the Investopedia 100 Top Advisors in 2021 and was even more humbled to make their Top Ten list for 2022.

Outside the office, one of Larry’s greatest passions is raising awareness for mental health. He spent over 12 years serving on the National Board of the American Foundation for Suicide Prevention (AFSP) and sits on its financial and investment committees. With his wife, Denise, he has raised more than $1.7 million for the organization through the Keith Milano Memorial Fund. The fund was created in memory of his brother-in-law.

Larry values his family tremendously and his desire to do right by his wife and two sons drives who he is in and out of the office.