SMU, Boulevard Collective partner for annual NIL payment of $3.5 million: Source

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SMU are once again a leader in paying their players – legally this time.

The new Boulevard Collective, announced this weekend, will pay SMU men’s soccer and basketball players $36,000 each, for a total of $3.5 million, a source said. Athleticism. The collective’s website did not publicly list a number. On3 first reported the news. Chris Schoemann will serve as executive director and the group has partnered with the NIL Opendorse service to provide education and tax information.

The money, in addition to the million dollars already provided by fellow collective Pony Sports DTX, makes SMU one of the most ambitious collective groups in the country. For comparison, the recently announced Matador Club will provide $25,000 to approximately 100 Texas Tech football players. The formation of the new SMU group was led by Dallas businessmen Chris Kleinert and Kyle Miller.

“This is just the beginning,” Kleinert said in a statement. “The purpose of the Boulevard Collective is to create opportunities for SMU athletes who enhance their athletic careers, while preparing them where their career aspirations might take them at SMU and beyond. Our goal is for this Collective to become the gold standard for NIL’s efforts across the country.

Collectives, which are not directly associated with schools, pay athletes for their work, as required by NIL rules and laws. Texas Tech players will receive the money in exchange for community service, for example. At Saturday’s Boulevard Collective event, SMU athletes assembled more than 400 backpacks with school supplies for Dallas schools. Pony Sports DTX also matches athletes with NIL deals and provides its own insider information.

“This Boulevard Collective agreement, combined with our efforts, signifies the elite commitment to SMU student-athletes and their name, image and likeness on an annual basis,” said a member of Pony Sports management. DTX, who asked not to be named. . “Ready or not, the Pony Express 2.0 is coming.”

SMU was given the death penalty by the NCAA in 1987 for consistently violating the rules with boosters paying players, even after being caught multiple times. He stopped the program for several years and set it back several decades. Much of what was illegal then is now legal under NCAA rules, and SMU money is back.

“I always thought it was fair for the players to get everything they could,” former running back Eric Dickerson said. Athleticism. “Everyone was doing it. … I’m really happy that it’s finally happening like it always should have happened.

(Photo: Matthew Pearce/Icon Sportswire via Getty Images)

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