What is the impact of the $22M revenue-share cap on college sports in 2027?

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Direct Answer

The $20.5M revenue-share cap (commonly rounded to "$22M" because year-three projections push it past $22.4M) has reshaped college sports in 2027 by centralizing athlete pay at the school level, gutting Olympic and non-revenue sports (415+ programs cut since 2024), and routing 75% of every dollar to football rosters.

Power 4 schools opting in are spending the full cap; mid-majors like VCU and Wichita State are spending $2-8M and falling further behind on the field. The cap is not a ceiling on player earnings — it is a ceiling on direct school payments, and NIL collectives plus the College Sports Commission's NIL Go clearinghouse (run by Deloitte) are policing every third-party deal over $600.

1. What the $22M Cap Actually Is

1.1 The math behind the number

The cap is 22% of the average of "shared revenue" across Power 4 schools — defined as media rights + ticket sales + sponsorships + post-season distributions. For the 2025-26 academic year it landed at $20.5M per opted-in school. The 2026-27 figure rose 4% to roughly $21.3M, and the 2027-28 cap is projected at $22.2M — which is why the "$22M" framing has stuck in The Athletic, On3, and Sportico reporting through spring 2027.

By 2034-35 the cap is modeled to hit $32.9M.

1.2 The 10-year term and the re-set clock

The cap is not static. It carries a 4% annual escalator in years 2 and 3, then a full re-calculation every three years against fresh Power 4 revenue averages. Year 4 (2028-29) is the first re-set window, and athletic directors at Ohio State, Texas, and Georgia have publicly modeled a jump to $25-27M if the CFP's new 14-team format and the ESPN/CBS/NBC/Fox media renewals clear projections.

1.3 Opt-in vs. Opt-out

All Power 4 (SEC, Big Ten, ACC, Big 12) schools opted in. Ivy League schools opted out entirely. Service academies opted out. Mid-major opt-in rates sit near 64% per Front Office Sports' spring 2027 tracker — but most are spending $2-8M, not the full cap.

flowchart TD A[Power 4 Avg Revenue] -->|22% formula| B[Annual Cap] B -->|2025-26| C[$20.5M] B -->|2026-27| D[$21.3M] B -->|2027-28| E[$22.2M] B -->|2034-35| F[$32.9M] C --> G[Opted-In School Spend] D --> G E --> G G -->|75%| H[Football] G -->|15%| I[Men's Basketball] G -->|5%| J[Women's Basketball] G -->|5%| K[All Other Sports]

2. The 75/15/5/5 Allocation and Why It Broke Olympic Sports

2.1 The standard split

The non-binding industry standard that emerged after Judge Wilken's June 2025 final approval is 75% football / 15% men's basketball / 5% women's basketball / 5% everything else. At a full $22M cap, that means $16.5M to football, $3.3M to men's hoops, $1.1M to women's hoops, and $1.1M split across 18-22 other sports.

2.2 Schools going further than 75%

Tennessee, Auburn, and Texas A&M have publicly modeled 85% to football, leaving roughly $3.3M for every other sport combined. Alabama AD Greg Byrne confirmed on the Paul Finebaum Show that Crimson Tide football would clear $18M in revenue-share alone for 2026-27, with QB Ty Simpson and edge rusher Jah-Marien Latham drawing the largest individual shares.

2.3 The Olympic sports bloodbath

Per Front Office Sports and edCircuit tracking through April 2027: 415+ programs eliminated since 2024. Saint Francis dropped from D-I to D-III entirely. Cal Poly cut swimming and diving.

Utah cut beach volleyball. Stanford — yes, Stanford — quietly absorbed $5.1M in cuts to its non-revenue budget. Dartmouth, which opted out, has used the bloodbath as a recruiting pitch to Olympic-track athletes.

2.4 The Title IX time bomb

Eight federal lawsuits are now active arguing that 75% of cap dollars to male football players violates Title IX. The Biden-era Department of Education January 2025 guidance (which said revenue-share counted as "athletic financial assistance" and must be proportional by gender) was rescinded by the Trump administration in February 2025.

But private right of action under Title IX is still live — the Schroeder v. University of Oregon case, certified in March 2027, is the bellwether.

3. How Power 4 Conferences Are Spending the Cap

3.1 SEC: spending to the cap and beyond

Every SEC school except Vanderbilt and Mississippi State is at or above $20M in 2026-27. Georgia and Texas are spending the full cap *plus* an estimated $8-12M in collective-backed deals routed through NIL Go. Arkansas brought back collective lead Tyler Smith as a school employee to run revenue-share strategy.

3.2 Big Ten: Ohio State and Michigan flexing

Ohio State has the highest publicly modeled budget — $22.5M revenue-share + $14M in approved collective deals — making the Buckeyes a roughly $36M football roster. Michigan sits at $31M. Oregon at $28M. Penn State at $26M. Northwestern and Maryland are below $20M.

3.3 ACC and Big 12: a real gap

Clemson, Florida State, and Miami are spending the full cap. The rest of the ACC averages $14M. The Big 12 is split: Texas Tech, Kansas, and Arizona State at cap; Cincinnati, West Virginia, and Houston below $12M.

3.4 The mid-major reality

Memphis is the highest-spending non-Power 4 at roughly $9M. Boise State, UConn (basketball-focused), and San Diego State sit at $5-7M. Most G5 schools are at $2-4M, and rosters are getting picked apart in the transfer portal every December and May window.

flowchart LR A[Annual Revenue Share Pool] --> B{School Tier} B -->|SEC Top| C[Full $22M Cap + $8-12M Collectives] B -->|Big Ten Top| D[Full Cap + $10-14M Collectives] B -->|ACC/Big 12 Top| E[Full Cap + $3-6M Collectives] B -->|Mid-Major Opt-In| F[$2-9M Cap Spend] B -->|Opt-Out| G[$0 Cap, NIL Only] C --> H[Recruiting Edge] D --> H E --> I[Mid-Tier Competitive] F --> J[Roster Erosion] G --> K[Ivy/Service Academy Model]

4. The College Sports Commission and NIL Go

4.1 What the CSC actually does

The College Sports Commission (CSC) was stood up in July 2025 by the Power 4 as the independent enforcement arm. Bryan Seeley (former MLB executive VP for legal) is CEO. The CSC has subpoena power inside its participation agreement, runs NIL Go, and can fine schools, vacate wins, and ban coaches.

4.2 NIL Go and the $600 reporting threshold

Every NIL deal worth $600+ must be reported to NIL Go, the Deloitte-built clearinghouse. The system runs every deal through a "valid business purpose" test and a "range of compensation" test using a comp database of endorsement deals from comparable pro athletes.

70% of deals clear within 7 days; backlog hit 3,200 unprocessed deals in March 2027 per CBS Sports.

4.3 The collective workaround the CSC reversed

In fall 2025, the CSC issued guidance effectively banning collective payments that didn't tie to a real business purpose. December 2025: a Tennessee-led lawsuit forced the CSC to rescind the guidance. As of January 2026, collectives can pay athletes again — but every deal still routes through NIL Go.

4.4 Penalties starting to land

Three schools received CSC fines in Q1 2027 — names sealed under the participation agreement, but Sportico reported the fines totaled $2.4M. One Power 4 head coach received a 4-game suspension for tampering during the spring portal window.

5. Roster Limits, Scholarship Expansion, and the Walk-On Death

5.1 The new roster math

The settlement replaced scholarship limits with roster limits. Football: 105 (down from 120-130 walk-ons-included rosters). Men's basketball: 15. Baseball: 34. Wrestling: 30. The trade-off: every roster spot can now be a full scholarship.

5.2 The walk-on extinction event

Roughly 6,400 walk-on roster spots evaporated in fall 2025 alone per The Athletic's Nicole Auerbach. The "Designated Student-Athlete" grandfather class — athletes who lost spots due to the new limits — was litigated through spring 2026 and most have transferred or graduated by 2027.

5.3 Coaching staff and analyst budgets

Many SEC and Big Ten programs redirected $3-5M from analyst, GA, and creative-services hires into revenue-share. Nick Saban's old Alabama staff model of 40+ off-field analysts is functionally dead at most programs.

6. The Economic Ripple

6.1 Athletic department deficits

Per a Knight Commission April 2027 report, 47 of 68 Power 4 athletic departments project a deficit in 2026-27, averaging -$11M. Student fees and institutional subsidies are up 18% year over year across opted-in schools.

6.2 Private equity is circling

RedBird Capital, Arctos, and Sixth Street all have term sheets in front of multiple Power 4 athletic departments. Florida State publicly explored a $200M PE injection in January 2027, ultimately pulled by Trustees in March.

6.3 The new transfer portal economy

The December portal opens 48 hours after conference championship games. With cap dollars now codified, average QB transfer market clearing prices hit $1.8M for 2026 (Sam Leavitt to ASU benchmark) and $2.4M+ for 2027 five-stars per On3 NIL Database.

7. What Comes Next: Congress, Antitrust, and 2028

7.1 The Protect College Sports Act of 2026

Introduced by Senators Ted Cruz, Cory Booker, Richard Blumenthal, and Jerry Moran in September 2026. Codifies the cap, grants antitrust immunity to the CSC, and preempts state NIL laws. Stalled in Senate Commerce as of April 2027.

7.2 The next antitrust wave

Hubbard v. NCAA II was filed in February 2027 arguing the cap itself is an unlawful restraint. Plaintiff class includes athletes earning above the per-roster average. Judge Wilken is presiding again.

7.3 The employment question

Johnson v. NCAA in the Third Circuit still pending. If athletes are ruled employees, the cap collapses overnight and collective bargaining replaces NIL Go.

FAQ

Q: Is the cap $22M or $20.5M? A: It started at $20.5M for 2025-26, hit $21.3M for 2026-27, and is projected at $22.2M for 2027-28. Media commonly rounds to "$22M" because that is the figure most relevant to 2027 recruiting cycles.

Q: Do all schools have to spend the full cap? A: No. Opt-in is voluntary and spending below the cap is allowed. Only ~22 of the ~68 Power 4 schools spend the full cap in 2026-27; most mid-majors spend $2-9M.

Q: Can football players still get NIL deals on top of the cap? A: Yes — third-party NIL deals are uncapped, but every deal over $600 must clear NIL Go's "valid business purpose" and "range of compensation" tests.

Q: What happens to women's sports under this cap? A: The standard 5% allocation to women's basketball plus 5% to "all other sports" is the legal flashpoint. Eight active Title IX suits, including Schroeder v. Oregon, are testing whether the split is lawful.

Q: Has the cap helped or hurt parity? A: Hurt. The top 15 spenders (SEC + Ohio State, Michigan, Oregon, Clemson, FSU, Texas, Oklahoma) account for ~68% of all revenue-share dollars in 2026-27. The gap between Power 4 top and Group of 5 is wider than it was pre-settlement.

Bottom Line

The "$22M" cap is the new center of gravity in college sports — but it is a floor for the rich, a ceiling for the broke, and a firing line for Olympic sports. Football consumes 75-85% of every dollar, NIL Go's Deloitte clearinghouse polices the rest, and Title IX plus Hubbard II could unravel the whole structure by 2028.

Anyone running an NIL-side business in 2027 needs to model two scenarios: cap-stable through 2028, or employee-status collapse that replaces the cap with collective bargaining.

Sources

On3: "College Sports Commission caps 2026-27 revenue-share number at $21.3M"
The Athletic (Nicole Auerbach): "How the 105-player football limit killed the walk-on"
Sportico: "Protect College Sports Act Hearing Testifies to Misplaced Priorities" (2026)
Front Office Sports: "Olympic Sports Face Cuts in Wake of House v. NCAA Settlement" (415+ programs cut)
CBS Sports: "College Sports Commission's NIL clearinghouse strained by surge in school-linked deals"
ESPN: "College Sports Commission loosens prohibition on NIL collectives payments"
247Sports: 2027 transfer portal valuation tracker
On3 NIL Database: QB market clearing prices, 2026 vs. 2027 cycle
Opendorse: 2026-27 Revenue Share Distribution report
INFLCR: NIL Go submission analytics, Q1 2027

Keep reading

### Direct Answer

The **$20.5M revenue-share cap** (commonly rounded to "$22M" because year-three projections push it past $22.4M) has reshaped college sports in 2027 by **centralizing athlete pay at the school level**, **gutting Olympic and non-revenue sports** (415+ programs cut since 2024), and **routing 75% of every dollar to football rosters**. Power 4 schools opting in are spending the full cap; mid-majors like **VCU** and **Wichita State** are spending $2-8M and falling further behind on the field. The cap is not a ceiling on player earnings — it is a ceiling on **direct school payments**, and NIL collectives plus the **College Sports Commission's NIL Go clearinghouse** (run by **Deloitte**) are policing every third-party deal over $600.

## 1. What the $22M Cap Actually Is

### 1.1 The math behind the number

The cap is **22% of the average of "shared revenue"** across Power 4 schools — defined as **media rights + ticket sales + sponsorships + post-season distributions**. For the **2025-26 academic year** it landed at **$20.5M** per opted-in school. The **2026-27 figure rose 4% to roughly $21.3M**, and the **2027-28 cap is projected at $22.2M** — which is why the "$22M" framing has stuck in **The Athletic**, **On3**, and **Sportico** reporting through spring 2027. By 2034-35 the cap is modeled to hit **$32.9M**.

### 1.2 The 10-year term and the re-set clock

The cap is **not static**. It carries a **4% annual escalator** in years 2 and 3, then a **full re-calculation every three years** against fresh Power 4 revenue averages. **Year 4 (2028-29)** is the first re-set window, and athletic directors at **Ohio State, Texas, and Georgia** have publicly modeled a jump to **$25-27M** if the **CFP's new 14-team format** and the **ESPN/CBS/NBC/Fox media renewals** clear projections.

### 1.3 Opt-in vs. Opt-out

All **Power 4** (SEC, Big Ten, ACC, Big 12) schools opted in. **Ivy League** schools opted out entirely. **Service academies** opted out. **Mid-major** opt-in rates sit near **64%** per **Front Office Sports'** spring 2027 tracker — but most are spending **$2-8M**, not the full cap.

```mermaid
flowchart TD
    A[Power 4 Avg Revenue] -->|22% formula| B[Annual Cap]
    B -->|2025-26| C[$20.5M]
    B -->|2026-27| D[$21.3M]
    B -->|2027-28| E[$22.2M]
    B -->|2034-35| F[$32.9M]
    C --> G[Opted-In School Spend]
    D --> G
    E --> G
    G -->|75%| H[Football]
    G -->|15%| I[Men's Basketball]
    G -->|5%| J[Women's Basketball]
    G -->|5%| K[All Other Sports]
```

## 2. The 75/15/5/5 Allocation and Why It Broke Olympic Sports

### 2.1 The standard split

The **non-binding industry standard** that emerged after **Judge Wilken's June 2025 final approval** is **75% football / 15% men's basketball / 5% women's basketball / 5% everything else**. At a full $22M cap, that means **$16.5M to football**, **$3.3M to men's hoops**, **$1.1M to women's hoops**, and **$1.1M split across 18-22 other sports**.

### 2.2 Schools going further than 75%

**Tennessee**, **Auburn**, and **Texas A&M** have publicly modeled **85% to football**, leaving roughly **$3.3M for every other sport combined**. **Alabama AD Greg Byrne** confirmed on the **Paul Finebaum Show** that Crimson Tide football would clear **$18M** in revenue-share alone for 2026-27, with QB **Ty Simpson** and edge rusher **Jah-Marien Latham** drawing the largest individual shares.

### 2.3 The Olympic sports bloodbath

Per **Front Office Sports** and **edCircuit** tracking through April 2027: **415+ programs eliminated** since 2024. **Saint Francis** dropped from D-I to D-III entirely. **Cal Poly** cut swimming and diving. **Utah** cut beach volleyball. **Stanford** — yes, Stanford — quietly absorbed **$5.1M in cuts** to its non-revenue budget. **Dartmouth**, which opted out, has used the bloodbath as a recruiting pitch to Olympic-track athletes.

### 2.4 The Title IX time bomb

**Eight federal lawsuits** are now active arguing that **75% of cap dollars to male football players** violates **Title IX**. The **Biden-era Department of Education January 2025 guidance** (which said revenue-share counted as "athletic financial assistance" and must be **proportional by gender**) was **rescinded by the Trump administration in February 2025**. But private right of action under Title IX is still live — the **Schroeder v. University of Oregon** case, certified in March 2027, is the bellwether.

## 3. How Power 4 Conferences Are Spending the Cap

### 3.1 SEC: spending to the cap and beyond

Every **SEC** school except **Vanderbilt** and **Mississippi State** is at or above $20M in 2026-27. **Georgia** and **Texas** are spending the full cap *plus* an estimated **$8-12M in collective-backed deals** routed through **NIL Go**. **Arkansas** brought back collective lead **Tyler Smith** as a school employee to run revenue-share strategy.

### 3.2 Big Ten: Ohio State and Michigan flexing

**Ohio State** has the highest publicly modeled budget — **$22.5M revenue-share + $14M in approved collective deals** — making the **Buckeyes** a roughly **$36M football roster**. **Michigan** sits at **$31M**. **Oregon** at **$28M**. **Penn State** at **$26M**. **Northwestern** and **Maryland** are below $20M.

### 3.3 ACC and Big 12: a real gap

**Clemson**, **Florida State**, and **Miami** are spending the full cap. The rest of the **ACC** averages **$14M**. The **Big 12** is split: **Texas Tech**, **Kansas**, and **Arizona State** at cap; **Cincinnati**, **West Virginia**, and **Houston** below $12M.

### 3.4 The mid-major reality

**Memphis** is the highest-spending non-Power 4 at roughly **$9M**. **Boise State**, **UConn** (basketball-focused), and **San Diego State** sit at **$5-7M**. **Most G5 schools are at $2-4M**, and rosters are getting picked apart in the **transfer portal** every December and May window.

```mermaid
flowchart LR
    A[Annual Revenue Share Pool] --> B{School Tier}
    B -->|SEC Top| C[Full $22M Cap + $8-12M Collectives]
    B -->|Big Ten Top| D[Full Cap + $10-14M Collectives]
    B -->|ACC/Big 12 Top| E[Full Cap + $3-6M Collectives]
    B -->|Mid-Major Opt-In| F[$2-9M Cap Spend]
    B -->|Opt-Out| G[$0 Cap, NIL Only]
    C --> H[Recruiting Edge]
    D --> H
    E --> I[Mid-Tier Competitive]
    F --> J[Roster Erosion]
    G --> K[Ivy/Service Academy Model]
```

## 4. The College Sports Commission and NIL Go

### 4.1 What the CSC actually does

The **College Sports Commission (CSC)** was stood up in **July 2025** by the **Power 4** as the **independent enforcement arm**. **Bryan Seeley** (former MLB executive VP for legal) is **CEO**. The CSC has subpoena power inside its participation agreement, runs **NIL Go**, and can fine schools, vacate wins, and ban coaches.

### 4.2 NIL Go and the $600 reporting threshold

**Every NIL deal worth $600+** must be reported to **NIL Go**, the **Deloitte-built clearinghouse**. The system runs every deal through a **"valid business purpose"** test and a **"range of compensation"** test using a comp database of **endorsement deals from comparable pro athletes**. **70% of deals clear within 7 days**; backlog hit **3,200 unprocessed deals** in **March 2027** per **CBS Sports**.

### 4.3 The collective workaround the CSC reversed

In **fall 2025**, the CSC issued guidance effectively **banning collective payments** that didn't tie to a real business purpose. **December 2025**: a **Tennessee-led lawsuit** forced the CSC to **rescind the guidance**. As of **January 2026**, collectives can pay athletes again — but every deal still routes through **NIL Go**.

### 4.4 Penalties starting to land

**Three schools** received CSC fines in **Q1 2027** — names sealed under the participation agreement, but **Sportico** reported the fines totaled **$2.4M**. **One Power 4 head coach** received a 4-game suspension for tampering during the spring portal window.

## 5. Roster Limits, Scholarship Expansion, and the Walk-On Death

### 5.1 The new roster math

The settlement replaced **scholarship limits** with **roster limits**. **Football: 105** (down from 120-130 walk-ons-included rosters). **Men's basketball: 15**. **Baseball: 34**. **Wrestling: 30**. The trade-off: every roster spot can now be a **full scholarship**.

### 5.2 The walk-on extinction event

Roughly **6,400 walk-on roster spots evaporated** in fall 2025 alone per **The Athletic's** Nicole Auerbach. The **"Designated Student-Athlete"** grandfather class — athletes who lost spots due to the new limits — was litigated through spring 2026 and most have transferred or graduated by 2027.

### 5.3 Coaching staff and analyst budgets

Many SEC and Big Ten programs **redirected $3-5M** from analyst, GA, and creative-services hires into revenue-share. **Nick Saban's old Alabama staff model** of **40+ off-field analysts** is functionally dead at most programs.

## 6. The Economic Ripple

### 6.1 Athletic department deficits

Per a **Knight Commission** April 2027 report, **47 of 68 Power 4 athletic departments** project a **deficit in 2026-27**, averaging **-$11M**. **Student fees** and **institutional subsidies** are up **18% year over year** across opted-in schools.

### 6.2 Private equity is circling

**RedBird Capital**, **Arctos**, and **Sixth Street** all have term sheets in front of multiple Power 4 athletic departments. **Florida State** publicly explored a **$200M PE injection** in **January 2027**, ultimately pulled by Trustees in **March**.

### 6.3 The new transfer portal economy

The **December portal** opens 48 hours after conference championship games. With cap dollars now codified, average **QB transfer market** clearing prices hit **$1.8M for 2026** (Sam Leavitt to ASU benchmark) and **$2.4M+ for 2027** five-stars per **On3 NIL Database**.

## 7. What Comes Next: Congress, Antitrust, and 2028

### 7.1 The Protect College Sports Act of 2026

Introduced by **Senators Ted Cruz, Cory Booker, Richard Blumenthal, and Jerry Moran** in **September 2026**. Codifies the cap, grants **antitrust immunity** to the CSC, and preempts state NIL laws. Stalled in **Senate Commerce** as of **April 2027**.

### 7.2 The next antitrust wave

**Hubbard v. NCAA II** was filed in **February 2027** arguing the cap itself is an unlawful restraint. Plaintiff class includes athletes earning above the per-roster average. **Judge Wilken** is presiding again.

### 7.3 The employment question

**Johnson v. NCAA** in the **Third Circuit** still pending. If athletes are ruled **employees**, the cap collapses overnight and **collective bargaining** replaces NIL Go.

## FAQ

**Q: Is the cap $22M or $20.5M?**
A: It started at **$20.5M for 2025-26**, hit **$21.3M for 2026-27**, and is projected at **$22.2M for 2027-28**. Media commonly rounds to "$22M" because that is the figure most relevant to 2027 recruiting cycles.

**Q: Do all schools have to spend the full cap?**
A: No. Opt-in is voluntary and spending below the cap is allowed. Only ~22 of the ~68 Power 4 schools spend the full cap in 2026-27; most mid-majors spend $2-9M.

**Q: Can football players still get NIL deals on top of the cap?**
A: Yes — third-party NIL deals are uncapped, but every deal over $600 must clear **NIL Go's** "valid business purpose" and "range of compensation" tests.

**Q: What happens to women's sports under this cap?**
A: The standard 5% allocation to women's basketball plus 5% to "all other sports" is the legal flashpoint. Eight active **Title IX** suits, including **Schroeder v. Oregon**, are testing whether the split is lawful.

**Q: Has the cap helped or hurt parity?**
A: Hurt. The top 15 spenders (SEC + Ohio State, Michigan, Oregon, Clemson, FSU, Texas, Oklahoma) account for **~68% of all revenue-share dollars** in 2026-27. The gap between Power 4 top and Group of 5 is wider than it was pre-settlement.

## Bottom Line

The **"$22M" cap** is the new center of gravity in college sports — but it is a **floor for the rich**, a **ceiling for the broke**, and a **firing line** for Olympic sports. Football consumes **75-85%** of every dollar, **NIL Go's Deloitte clearinghouse** polices the rest, and **Title IX** plus **Hubbard II** could unravel the whole structure by 2028. Anyone running an NIL-side business in 2027 needs to model two scenarios: cap-stable through 2028, or **employee-status collapse** that replaces the cap with **collective bargaining**.

## Sources

- **On3**: "College Sports Commission caps 2026-27 revenue-share number at $21.3M"
- **The Athletic** (Nicole Auerbach): "How the 105-player football limit killed the walk-on"
- **Sportico**: "Protect College Sports Act Hearing Testifies to Misplaced Priorities" (2026)
- **Front Office Sports**: "Olympic Sports Face Cuts in Wake of House v. NCAA Settlement" (415+ programs cut)
- **CBS Sports**: "College Sports Commission's NIL clearinghouse strained by surge in school-linked deals"
- **ESPN**: "College Sports Commission loosens prohibition on NIL collectives payments"
- **247Sports**: 2027 transfer portal valuation tracker
- **On3 NIL Database**: QB market clearing prices, 2026 vs. 2027 cycle
- **Opendorse**: 2026-27 Revenue Share Distribution report
- **INFLCR**: NIL Go submission analytics, Q1 2027

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