Jay Williams discusses cash payments in college sports before NIL

At the Front Office Sports Asset Class event on September 15, former All-Americans Jay Williams and Ndamukong Suh addressed the topic of cash payments prior to the formalization of Name, Image, and Likeness (NIL) rules in 2021. Williams humorously remarked that players received payments in 'duffle bags,' suggesting widespread participation in such practices. Suh echoed his agreement about the need for compensation for athletes but underlined the importance of financial education and planning for athletes' futures. Both players emphasized the need for regulatory adjustments to improve the NIL, with Williams advocating for contracts and transfer fees similar to professional sports models. The Protect College Sports Act, a bipartisan effort to establish national standards for NIL, advanced in the Senate, marking a significant step towards resolving ongoing legal and financial issues in college athletics.

• 2:51 PMYahoo Sports — Jay Williams: ‘We All Participated’ in Cash Payments Before NIL