The attorney who negotiated last week an $8 million deal between a 5-star recruit and an NIL collective believes the spending spree in the NIL space has just begun — and future deals will only get bigger.
“I believe it’s just going to keep going up for sure, without a doubt,” attorney Mike Caspino said. “There will be deals and there will be larger deals than this. We’re still in our infancy here. We haven’t reached adolescence yet in our NIL lifetime.”
Caspino represents a 5-star recruit in the Class of 2023 who signed an agreement with an NIL collective that could pay him more than $8 million before the end of his junior year as a college athlete. The deal was announced Friday in a story published by The Athletic.
The player’s identity, along with the NIL collective, has remained private, but Caspino shared details of the agreement that includes an initial payout of $350,000, followed by monthly payments that could pay him more than $8 million by the end of the player’s junior year in college.
