RALEIGH – NC State Athletics, in expanded partnership with INFLCR, is excited to launch its ALPHA Exchange platform, which will be used to further support Wolfpack student-athletes and connect them with businesses, donors, alumni and other interested parties wishing to develop Name, Image and Likeness (NIL) agreements.
The creation of the ALPHA Exchange is NC State Athletics’ next step in an already-established partnership with INFLCR. The department-wide resource is a free service for both Wolfpack student-athletes and third parties.
Businesses and other interested parties can immediately begin registering for the ALPHA Exchange at GoPack.com/AlphaExchange.
“Our launch of the ALPHA Exchange is another important step in strengthening the resources and education we provide our student-athletes while expanding the opportunities they have to capitalize on their NIL,” said NC State Director of Athletics Boo Corrigan. “We’re excited to expand on our department-wide partnership with INFLCR by providing this space for direct connections to be made between our student-athletes and businesses around the Raleigh area and beyond.”
The ALPHA Exchange is an NIL business registry that has been custom-designed for use by businesses, donors, alumni and any others wishing to connect with student-athletes at NC State. Registered businesses will be able to search and filter through a database of Wolfpack student-athletes and then initiate discussions about NIL transactions. Messages can be sent directly to student-athletes in the application, or contact information for a student-athlete (or their elected representative) can be requested to begin those conversations.
Once an NIL agreement is reached between a registered business and a student-athlete, the business will use the ALPHA Exchange to create a transaction that produces direct payment to that student-athlete. The platform also consolidates all transactions made within the ALPHA Exchange into one 1099 for each student-athlete that makes for easier tax reporting.
All transactions will be automatically disclosed to NC State Athletics. NC State Athletics and INFLCR do not have direct involvement with the negotiations made through the ALPHA Exchange.
“We are proud to partner with NC State to support their vision of maximizing NIL opportunities for their student-athletes,” said INFLCR founder Jim Cavale. “The launch of the ALPHA Exchange will empower Wolfpack student-athletes to monetize their brands with NIL partnerships on a fee-free platform.”
ALPHA is NC State’s comprehensive NIL program that focuses on equipping and supporting Wolfpack student-athletes with resources to maximize their personal brands, NIL opportunities and value. In addition to investing in INFLCR and its full array of resources, NC State has also partnered with The Brandr Group, NC State Entrepreneurship, the adidas NIL Ambassador Program.
INFLCR, a Teamworks product, is the leading athlete brand-building and NIL business management app for elite athletic organizations. The INFLCR athlete app educates student-athletes, coaches and staff for the NIL era in a safe and compliant environment, all powered by best-in-class content delivery for student-athletes to access and share content to their social media channels. INFLCR works with more than 270 collegiate and professional sports organizations.
Impactful features like the INFLCR Local & Global Exchange provide local and national companies with the ability to find, communicate with, pay and report NIL transactions with student-athletes, maximizing their NIL earning potential with streamlined reporting for their institution and their personal tax returns.
Visit inflcr.com for more information.