The College Sports Commission issued a correction on Sept. 5 that it had overstated the value of name, image, likeness deals by more than $40 million in a data set released on Sept. 4.
Deloitte, which helped develop the platform called NIL Go, was blamed by the commission for the clerical reporting error. The Sept. 4 report initially stated that $79.8 million worth of NIL deals had been cleared between June through the end of August.
However, the updated commission report states that the total value of the deals is $35.42 million. The $79.8 million total was the amount for all the deals in the system, which included pending ones as well.
Another correction in the commission report was that the previously reported 8,359 deals were incorrect, as the correct number is 6,090 deals.
‘We take full responsibility for this reporting error,’ Deloitte said in a statement. ‘We have taken additional measures to avoid any future recurrence and are fully confident in the NIL Go platform.’
NIL Go was created in the wake of the House settlement that allowed universities to distribute payments for the use of NIL directly to athletes. Each school is allowed to spend up to $20.5 million per year on athletes. The deals athletes have with schools do not go through the College Sports Commission, as only external deals need to get approval from NIL Go.