So Deloitte will have oversight of the “NIL Clearinghouse”
…The answer, though not easy, is that athletes land true endorsement and commercial deals from outside the school with third-party brands and companies. Third-party deals do not count against a school’s salary cap. However, in an effort to limit booster involvement, the settlement orders all third-party deals of $600 or more from school-affiliated boosters, or collections of them, to gain approval from a new NIL clearinghouse.
The clearinghouse, operated by Deloitte, is charged with verifying the authenticity of these deals using “fair market value” rates, poised to eliminate phony booster-backed compensation agreements so prevalent in the industry over the previous three years.