Pocatello, Idaho — In partnership with INFLCR, Idaho State University Athletics has launched
Bengal Exchange to connect student-athletes and businesses for name, image, and likeness (NIL) opportunities. Presently, NIL opportunities and activities may include autographs, personal appearances, social media product promotions, running camps and clinics, and much more. Accessible to all 340+ Bengal student-athletes as well as local and national businesses, Bengal Exchange provides a customized portal for communication between the two parties for the exploration and fulfillment of NIL transactions.
Director of Athletics Pauline Thiros shared that launching
Bengal Exchange is the right way to grow NIL opportunities for Idaho State student-athletes. She continues, "We are committed to providing our students with the tools and knowledge they need to maximize NIL opportunities, as well as helping them develop the tools and relationships that will benefit them in their professional lives."
After registering on
Bengal Exchange, a business can access a database of Bengal student-athletes searchable by a number of criteria including sport, social media follower count, and desired engagement opportunities. Businesses can then message a student-athlete directly or request contact information. Once an NIL agreement is reached, a customized reporting form compliant with NCAA and institutional legislation is created and forwarded to Idaho State University Athletics compliance officers.
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Bengal Exchange will help create meaningful relationships for student-athletes while building skills and experience marketing themselves and building business contacts. Bengal Exchange is an efficient, compliant, and effective interface for our students as well as our partners. We are proud to be on the cutting edge in the NIL space," said Thiros.
Bengal Exchange also includes a payment processing tool to securely pay student-athletes and create a 1099 form that lives in the student-athletes INFLCR app for more efficient tax reporting. The platform will continue to provide education on NIL issues, including financial literacy and brand building while providing market research and tracking social media growth and engagement.
"We are excited to partner with Idaho State University Athletics on the launch of
Bengal Exchange," said INFLCR General Manager Sean Kelly. "The exchange will aid in facilitating connections between student-athletes and businesses for a wide array of NIL opportunities, empowering student-athletes to enhance their personal brands and foster valuable Relationships."
Per NCAA guidelines, INFLCR and Idaho State University will not be involved in any NIL Negotiations.
About INFLCR Exchange
INFLCR, available on Teamworks' Operating System for SportsTM, is the leading athlete brand-building and NIL business management app for over 270 elite collegiate and professionalsports organizations. The INFLCR athlete app educates student-athletes, coaches, and staff for the NIL era in a safe and compliant environment, all powered by best-in-class content delivery for student athletes to access and share content to their social media channels. The INFLCR platform also includes the impactful INFLCR Local Exchange, a school-customized NIL exchange where schools can direct businesses, collectives, and fans seeking to find, communicate with, pay, and report NIL transactions with student-athletes. The INFLCR Local Exchange maximizes the student-athlete wallet share while streamlining compliance and tax reporting responsibilities. To learn more about the INFLCR Local Exchange, please visit teamworks.com/inflcr.
