Darren Heitner on LinkedIn: NIL Star Cavinder Twins Invest in Slate Milk (2024)

I get to be a part of some really cool stuff.For instance, today it was announced that women's basketball star Angel Reese will be part of the ownership group for a new pro women's soccer team that is launching in Washington D.C."I want to help grow women's sports and elevate female athletes across the board," said Reese. "We're taking over, and I'm honored to be able to support Power FC and invest in women's soccer in the DMV (District, Maryland, Virginia) community."My firm played a small role and I'm thankful for having the opportunity to provide an assist.It came together quickly.On May 2, Angel's agent asked whether HEITNER LEGAL would be interested in reviewing and revising the agreement to grant Angel equity in the new soccer team.Little did I know that our redlines would be sent to someone on the other side whom I have known for years. Yes, the sports industry is very small.We got the deal done with speed, precision, and redlines that were fair to our client. And today, we celebrate Angel becoming a team owner!https://lnkd.in/e5vV4MeT#LinkedInSports

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This week's #NIL newsletter is brought to you by commonsense, an attribute that appears absent among many in settlement discussions involving college sports.#LinkedInSports

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Can there be collective bargaining without classifying college athletes as employees? Congress would need to create a "special status" class. Is that plausible? Is everyone on board? Here's this week's #NIL newsletter.#LinkedInSports

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The U.S. Supreme Court issued an important Copyright decision that if there is a timely claim for infringement, there is no limitation on the number of years of damages claimed.But it didn't rule on whether a copyright owner possesses a timely claim.I dive into the ruling as well as the important dissent on HEITNER LEGAL's blog:https://lnkd.in/ejzQQkjW#copyright #copyrightinfringement #scotus

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In a few days, sources went from feeding journalists info about "deep discussions" on a sweeping settlement with the NCAA, including revenue sharing, to specific details disseminated and a deadline to accept.This week's #NIL newsletter dives in.#LinkedInSports

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Representing a lot of #NFLDraft picks is good for show.Rep players on their 2nd, 3rd, 4th contracts, and that’s how you make the dough.Signing good players is tough. Keeping them is tougher.#LinkedInSports

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Every year, I put together a list of the player-agent pairings in the 1st round of the #NFLDraft.You can find the 2024 list here: https://lnkd.in/e3vMDhfiIt includes the following notes:- 2 of the top 4 picks (Caleb Williams and Marvin Harrison Jr.) opted to go into the NFL Draft without signing agents. While they may have had advisors behind the scenes, they did not sign Standard Representation Agreements with NFLPA Contract Advisors.- Creative Artists Agency dominated the top of the first round once again, with 3 clients selected within the first 8 picks and a 4th client taken at pick 11 as well as a 5th at pick 12. By that moment of the Draft, CAA had 5 clients selected and no other agencies had more than one client off the board. In all, CAA had 12 first-round picks.- Behind CAA were Athletes First and WME Sports, which each had 4 clients selected in the first round.- Excel Sports Management and Wasserman had 2 clients each off the board in the first round of the 2024 NFL Draft.- In 2023, 23 agencies shared the wealth of clients selected in this first round. In 2024, the number of agencies with clients selected in the first round dropped to 11.Feel free to share this free content!#LinkedInSports

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Virginia, Mississippi, and Nebraska recently modified their respective #NIL laws.Players continue to transfer across state lines.And Congress can't find consensus on a national law. Here's this week's newsletter.#LinkedInSports

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How much money is Caleb Williams saving by not having an agent?It’s not as much as you may think.The NFLPA caps agent fees at 3%. Every agent would take 1% or less to rep a guaranteed first overall pick in the #NFLDraft. Many would do the 1st contract (which is slotted) for no commission.Additionally, Caleb could have training-related costs covered by an agent, which likely wouldn’t be reimbursable as long as Caleb paid some commission to the agent.With Caleb’s leverage, he could have an experienced representative at little-to-no cost.#LinkedInSports

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