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Stick with the words Revenue, Expenses, Net income. What are the 3 main parts of an income statement? The following are the 3 important Income Statement Parts.

<h2>Introduction</h2><p>In today's evolving economic landscape, understanding different revenue models is crucial, especially in the realm of sports management. Two prominent models that have gained attention are <strong>NIL revenue</strong> (Name, Image, Likeness) and <strong>revenue-sharing</strong>. Although both deal with monetary distribution, they operate under different principles and frameworks.</p><p>The concept of NIL Revenue has gained significant traction following changes in regulations allowing athletes to profit from their personal brand. On the other hand, revenue-sharing is a more traditional model, often seen in business and corporate environments.</p><figure id="figure-g6l4uexd7fmlp4zsjl"><img id="g6l4uexd7fmlp4zsjl" src="https://media.gettyimages.com/id/2155849478/photo/profit-growth-concept-golden-graph-made-with-abstract-coins-and-other-financial-3d-symbols-on.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=9OvKYMOKUCote5D75imqhNDdMbtF-Dj0_z6aHUdMAUM=" alt="Profit growth concept. Golden graph made with abstract coins and other financial 3d symbols on the dark background with a grid pattern" title="Profit growth concept. Golden graph made with abstract coins and other financial 3d symbols on the dark background with a grid pattern" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/2155849478/photo/profit-growth-concept-golden-graph-made-with-abstract-coins-and-other-financial-3d-symbols-on.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=9OvKYMOKUCote5D75imqhNDdMbtF-Dj0_z6aHUdMAUM=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h2>What is NIL Revenue?</h2><p>NIL revenue refers to the earnings individuals, particularly athletes, receive from commercializing their name, image, and likeness. This model allows athletes to engage in endorsements, sponsorships, appearances, social media promotions, and other branding activities that generate income based on their personal brand.</p><p>The introduction of NIL rights has transformed how athletes interact with brands, creating a new stream of income that was previously unavailable under traditional amateurism rules. This shift empowers athletes to strategically leverage their performance and marketability—often leading to partnerships with major companies.</p><p>In addition, NIL Collectives are independent organizations typically formed by alumni or boosters. They play a significant role in the ecosystem. These collectives pool funds to facilitate NIL opportunities for athletes, often structuring deals tied to community engagement, charitable initiatives, or brand collaborations. NIL Collectives have become a major driver in college recruiting and retention, as they provide structured and competitive NIL opportunities aligned with specific athletic programs.</p><p><img id="r6tgmihutomlp4zxii" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9;" src="https://cdn.durable.co/getty/2eAohxctVDhGipfJXXYELf5FHzAbQADMpedWSrAMDOcMtv7Qt1Fv7gzHHaJhQLEz.jpeg" alt="sports marketing" data-mce-src="https://cdn.durable.co/getty/2eAohxctVDhGipfJXXYELf5FHzAbQADMpedWSrAMDOcMtv7Qt1Fv7gzHHaJhQLEz.jpeg" data-mce-style="aspect-ratio: 16/9;"></p><h2>Understanding Revenue-sharing</h2><p>Revenue-sharing involves distributing a portion of total revenues among stakeholders within an organization or partnership. In professional sports, income from broadcasting rights, sponsorships, merchandise, and ticket sales is shared to promote competitive balance and long-term sustainability, ensuring smaller entities can remain viable.</p><p>In U.S. college athletics, revenue-sharing has entered a new era following the settlement in House v. NCAA. Beginning in the 2025–2026 academic year, schools are permitted to directly share revenue with student-athletes, subject to an annual cap of approximately $20.5 million per institution across all sports. This marks a historic shift toward a more professionalized compensation model.</p><p>Combined with NIL opportunities and NIL Collectives, this capped revenue-sharing system is reshaping recruiting, roster construction, and athlete compensation strategies. Institutions must now strategically allocate funds, while athletes benefit from both institutional revenue-sharing and external NIL income streams.</p><figure id="figure-kihlounfckmlp504by"><img id="kihlounfckmlp504by" src="https://cdn.durable.co/getty/374Hg0Np9UW1tE2V3oXQUjwC7fGK1h1B1LeAg5L8Nvk7hXjdVZZFP56ul1fHlf6X.jpeg" alt="team collaboration" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9;" data-mce-src="https://cdn.durable.co/getty/374Hg0Np9UW1tE2V3oXQUjwC7fGK1h1B1LeAg5L8Nvk7hXjdVZZFP56ul1fHlf6X.jpeg" data-mce-style="aspect-ratio: 16/9;"></figure><h2>Key Differences Between NIL Revenue and Revenue-sharing</h2><p>While both NIL revenue and revenue-sharing involve financial distribution, they serve different purposes and operate under distinct structures.</p><ul><li><strong>Source of Income: </strong>NIL revenue is generated from an athlete’s personal commercial activities (endorsements, sponsorships, appearances, and branding deals tied to their Name, Image, and Likeness). Revenue-sharing, by contrast, comes from institutional or league-generated income (e.g., media rights, sponsorships, ticket sales) that is redistributed according to an established formula or cap—such as the post-House v. NCAA framework allowing schools to share up to approximately $20.5 million annually with athletes.<br data-mce-bogus="1"></li><li><strong>Beneficiaries:</strong> NIL primarily benefits individual athletes based on their market value and brand strength. Revenue-sharing distributes funds more systematically across athletes within a program or institution, often according to internal allocation strategies.</li><li><strong>Regulatory Environment:</strong> NIL operates under evolving state laws, NCAA guidance, conference rules, and institutional policies. Revenue-sharing, however, is governed by negotiated agreements, settlement terms, and institutional compliance frameworks.</li></ul><p>One important nuance: in modern college sports, athletes can receive both NIL compensation and institutional revenue-sharing payments simultaneously, they are separate but <strong>complementary</strong> <strong>income streams</strong>.</p><h2>The Impact of NIL Revenue on Athletes</h2><p>The advent of NIL Revenue has revolutionized the financial landscape for athletes, offering them control over their earnings and public image. This model has opened doors for college athletes, who can now monetize their popularity without compromising their amateur status and eligibility.</p><p>Moreover, NIL Revenue encourages athletes to engage with their communities and fan bases, creating a more personal and authentic connection. This can lead to increased fan engagement and loyalty, further enhancing their marketability.</p><figure id="figure-j0o65ygythmlp509qv"><img id="j0o65ygythmlp509qv" src="https://cdn.durable.co/getty/2TNHwNzi8jfHQrggvtPRP6jXu0xJCGXJ0HASUJ93CatzbGGjbbKNTGCp4js6Fmo0.jpeg" alt="college athlete" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9;" data-mce-src="https://cdn.durable.co/getty/2TNHwNzi8jfHQrggvtPRP6jXu0xJCGXJ0HASUJ93CatzbGGjbbKNTGCp4js6Fmo0.jpeg" data-mce-style="aspect-ratio: 16/9;"></figure><h2>Challenges and Considerations</h2><p>Despite its benefits, NIL Revenue presents challenges such as managing brand partnerships, navigating legal obligations, and ensuring compliance with evolving regulations. Athletes must also be cautious about the impact of endorsements on their public image and legacy.</p><p>Similarly, Revenue-sharing poses its own challenges, including disputes over distribution percentages and ensuring transparency and fairness among stakeholders. Both models require careful management and strategic planning to maximize benefits.</p><figure id="figure-kujweh355wmlp50eoa"><img id="kujweh355wmlp50eoa" src="https://cdn.durable.co/getty/9qy3w8p8D4aP7dplchrlFR2XqHqdbzNNjrWVqbRARToabdFxuKJNjts7aZDqtyFj.jpeg" alt="contract negotiation" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9;" data-mce-src="https://cdn.durable.co/getty/9qy3w8p8D4aP7dplchrlFR2XqHqdbzNNjrWVqbRARToabdFxuKJNjts7aZDqtyFj.jpeg" data-mce-style="aspect-ratio: 16/9;"></figure><h2>Conclusion</h2><p>Understanding the differences between NIL revenue and revenue-sharing is essential for stakeholders in sports management. While NIL revenue empowers athletes to capitalize on their personal brand and market value, revenue-sharing provides structured, institutionally distributed income that promotes competitive balance and long-term program sustainability.</p><p>Both models present distinct opportunities and complexities, requiring strategic planning, compliance awareness, and financial knowledge. In today’s evolving collegiate and professional landscape, successfully navigating both systems is a competitive advantage.</p><p>At Teranga Sports Agency LLC, we proactively structure athlete representation around both NIL and revenue-sharing frameworks. We help our athletes strategically position themselves within institutional compensation models while simultaneously maximizing personal brand value, partnership opportunities, and long-term wealth creation. Our approach is designed to optimize earnings, stability, and legacy.</p>

NIL vs Revenue Sharing: Understanding the Differences

<h3>A Commitment Guided by Long-Term Vision</h3><p>Teranga Sports Agency is proud to announce the commitment of Benjamin Kadid to East Central Community College in Mississippi, where he will join the men’s tennis program starting in the Spring 2026.</p><p>This commitment reflects a carefully planned, long-term decision guided by Teranga Sports Agency’s international recruitment and athlete management philosophy. While Benjamin attracted interest from NCAA Division I programs, he chose a pathway designed for sustainable growth. As an international athlete, selecting the right environment to develop academically, athletically, and personally is essential, and this decision aligns fully with that vision.</p><h3>Adapting to the American College System</h3><p>By committing to East Central Community College, Benjamin is entering a setting that allows for a complete transition into the American college system. This stage will enable him to improve his English through full immersion, adapt to life in the United States, and build strong academic and cultural foundations. These elements are critical for international student-athletes aiming to succeed long term in the U.S.</p><h3>A Development-Focused Competitive Pathway</h3><p>From a competitive standpoint, the junior college level provides Benjamin with consistent match play and the opportunity to raise his UTR in a demanding environment. This approach allows him to develop confidence, physical resilience, and leadership while preparing for a future big-time transfer.&nbsp;</p><p>Benjamin has approached this commitment with seriousness and discipline, preparing extensively for the demands of American college tennis. His commitment to improvement and performance reflects the mindset required to succeed in a long-term international pathway.</p><h3>Teranga Sports Agency’s Long-Term Athlete Management Model</h3><p>This journey is a clear example of how Teranga Sports Agency operates more than placement services. The agency works with athletes guiding them through key phases of their careers, from international recruitment and college placement to development strategy and progression planning. As college athletics continues to evolve, we are actively expanding support into areas such as NIL opportunities and athlete brand building.&nbsp;</p><p>East Central Community College represents an important step in Benjamin's journey. With the right environment, a clear plan, and continuous support, this chapter serves as a solid foundation.&nbsp;</p>

Benjamin Kadid Commits to East Central College

<p>Teranga Sports Agency is proud to announce that Christel Fakhry, one of Senegal’s most promising young tennis talents, has officially committed to Chicago State University, an NCAA Division I program with a growing reputation in collegiate tennis. Chicago State confirmed its rise by winning the Horizon League Championship in 2024, securing a spot in the prestigious NCAA Tournament and showcasing the competitive environment Christel is joining.<br>Christel’s achievement to play D1 is more than a milestone — it represents a significant step forward for Senegalese tennis and a powerful example of how far dedicated athletes can go when they’re given the right opportunities. Her commitment includes a very comprehensive athletic scholarship, reflecting both her level of play and the confidence Chicago State has placed in her potential.</p><h3>A Rising Senegalese Talent Ready for the Next Level</h3><p>Over the past few years, Christel has established herself as one of the most technically complete and mentally resilient juniors in West Africa. She represents Senegal in the Billie Jean King Cup, contributing to the Senegal Women’s National Team that has a very promising future on the continent — hopefully mirroring the recent success of the men’s team, which reached the Group II playoffs after their historic Group III victory in Zimbabwe. Her competitive instinct makes her a natural fit for the intensity of Division 1 tennis.<br>Christel has also benefited from competing at home in the Senegal ITF Junior J30 and J60 events, tournaments that played a key role in her development by giving her the chance to grow in a familiar and supportive environment while earning international ranking points. These events reflect how Dakar is rapidly becoming a key destination for junior tennis in Africa — a place where young athletes can showcase their talent, gain exposure, and unlock new opportunities through the sport. With the city set to host the 2026 Youth Olympic Games, Dakar’s role as a growing hub for international sport is becoming even stronger, creating broader pathways and visibility for talented athletes across the region. This progress is made possible by the work of the Senegalese Tennis Federation (FST), whose continued investment in hosting international events and expanding player pathways is helping drive the rise of tennis in Senegal and across the continent.</p><h3>Why Chicago State University Chose Her</h3><p>Chicago State’s coaching staff was quick to highlight Christel’s athleticism, high tennis IQ, and leadership qualities — characteristics that fit the culture of a program that recently achieved major conference success and wants to reiterated in the Spring 2026.<br>With world-class facilities and a competitive schedule, CSU will give Christel the perfect platform to grow her game, earn her Finance degree, and compete at the highest collegiate level possible.</p><h3>A Win for the Agency</h3><p>Christel’s commitment also reflects the mission of Teranga Sports Agency: connecting African talent, as well as talents worldwide, with international academic and athletic opportunities. From structuring her recruiting profile to coordinating communication with collegiate programs, TSA worked alongside Christel through every step of the placement process. Her successful placement demonstrates the effectiveness of TSA’s approach.<br>We provide personalized guidance based on each athlete’s academic, athletic, and personal goals; high-quality scouting presentations, highlight editing, and direct communication with coaches; as well as a deep understanding of NCAA requirements, scholarship processes, and admissions.<br>As Christel prepares to join Chicago State University, she carries the pride of Senegal and the belief of everyone who has supported her journey. Teranga Sports Agency is honored to play a part in this new chapter and will continue to follow her development.<br>Her story serves as inspiration for the next generation of athletes who dream of combining high-level sports with world-class education.<br>Congratulations, Christel ! The journey continues and the best is yet to come.</p>

Christel Fakhry Commits to Chicago State University: A Milestone for Senegalese Tennis and Teranga Sports Agency

Teamwork of business lawyer colleagues, consultation and conference of professional female lawyers working having at law firm in office. Concepts of law, Judge gavel with scales of justice

<p>For many years, college athletes in the United States were not allowed to receive direct payments from their schools. That has now changed. In June 2025, the NCAA approved a historic settlement in the House v. NCAA case. This multibillion-dollar agreement will reshape college sports. Under the settlement, athletic departments will be allowed to pay up to $20.5 million per year directly to their student-athletes. Each school will choose how to divide the money, but it is expected that football and basketball players will receive the biggest share. This is a major turning point in the way college sports are managed in the U.S.</p><h3>What This Means for Athletes</h3><p>Until now, athletes were only able to benefit from scholarships or make money through sponsorship deals linked to their name, image, and likeness (NIL). With the new agreement, athletes can now receive regular payments directly from their schools. These payments could reach tens of thousands of dollars per year, depending on the sport and the university.</p><p>This is especially exciting for international athletes. For young players coming from Africa, the opportunity to study and compete in the U.S. was already life-changing. Now, it can also be financially rewarding. Athletes can earn money while building their careers and education, which brings more stability and motivation to succeed.</p><h3>A Big Opportunity for Teranga Sports Agency</h3><p>At Teranga Sports Agency (TSA), we see this change as a major opportunity. Our mission is to help talented athletes access scholarships and succeed in the U.S. college system. With this new rule, we can now go even further. TSA will guide athletes and their families not only through the scholarship process, but also in understanding the full financial benefits of playing college sports in America.</p><p>This is a new era, and TSA is ready to lead. We continue to prepare athletes with strong academic and athletic profiles, while also educating them about this new system. The value of talent is rising, and the U.S. college pathway is now even more attractive. Our role as an agency is more important than ever, and we are proud to represent the next generation of African athletes as well as talents worldwide stepping onto this global stage.</p><h3>Our Vision Going Forward</h3><p>The NCAA settlement shows that the world of sports is changing. At TSA, we believe that all athletes deserve to be part of this evolution. We are committed to making sure they are seen, supported, and positioned for success—both on and off the field. This moment brings hope, opportunity, and growth. TSA is here to guide the way forward.</p><p>Let your talent open doors.</p>

Big News: NCAA Will Now Allow Payment to College Athletes

<p>Sports can be a powerful tool to create opportunities and change lives. Every year, thousands of student-athletes earn scholarships to play their sport while studying at universities across the United States. This is more than just a chance to compete — it’s also an opportunity to receive a quality education, grow personally, and build a better future.</p><p>In the United States, sports are a major part of university life. Schools compete across different athletic associations such as NCAA Division I, Division II, Division III, the NAIA, and junior colleges (JUCO). Each division offers its own level of competition and scholarship support. What makes these opportunities so special is the full package: help with tuition, access to world-class facilities and coaching, and strong academic resources. Being on a college team also means having a built-in community of teammates, mentors, and support staff who want to see you succeed — on and off the court. And the degree you earn can open doors far beyond your athletic career.</p><p>At Teranga Sports Agency, our mission is to help African athletes — and athletes from across the globe — reach these life-changing opportunities. Too often, talented players from our continent are overlooked or lack the guidance needed to navigate the recruitment process. We’re here to change that. We help athletes build strong academic and athletic profiles, connect with college coaches, and understand what it takes to be recruited. We also guide families through every step of the journey.<br>College sports are about more than competition. They teach valuable life lessons: discipline, time management, leadership, and especially resilience. These are skills that matter in any profession or path after graduation. Whether an athlete goes on to play professionally or chooses another career, their college sports experience will stay with them forever.</p><p>If you’re a student-athlete dreaming of studying and playing sports in the U.S., Teranga Sports Agency is here for you. We’re ready to help you take the first step toward a life-changing experience!</p>

College Sports: A Life-Changing Opportunity for Athletes

<h2>Benjamin Kadid's Journey to TSA</h2><p>Benjamin Kadid, a promising French tennis player born in 2006, has taken a significant step towards achieving his dream of playing Division 1 tennis by signing with Teranga Sports Agency LLC (TSA). Benjamin, who was born and raised in the French capital, started playing tennis at the age of five and has trained at multiple Parisian tennis clubs since then.</p><p>This decision marks a new chapter in his tennis career, as he prepares to showcase his skills and compete at a higher level. Benjamin's journey to TSA has been marked by dedication, hard work, and a passion for the sport that is truly inspiring.</p><p>From an early age, Benjamin demonstrated exceptional talent on the tennis court. His commitment to the sport, combined with his natural ability, quickly set him apart from his peers. As he progressed through the ranks, it became clear that Benjamin had the potential to compete at the collegiate level. Signing with TSA is a strategic move that aligns with his short and long-term goals.</p><h2>The Benefits of Joining TSA</h2><p>At Teranga Sports Agency, we support athletes like Benjamin in finding the best college opportunities. Our team guides players through the recruiting process, helping them connect with coaches, secure scholarships, and make the right academic and athletic choices. With our strong network and experience, we make the journey smoother, so athletes can focus on improving their game and achieving their dreams..</p><h2>Preparing for Division 1 Tennis</h2><p>At Teranga Sports Agency (TSA), our mission is to help young athletes like Benjamin take their talents to the next level. We understand that competing at the Division 1 level requires more than just physical skill – it demands a high level of discipline, mental toughness, and dedication. Our team at TSA is committed to providing personalized guidance every step of the way, ensuring that athletes are not only physically prepared but also mentally equipped to handle the demands of college tennis. From tailored training plans to expert advice on recruiting, Benjamin will be supported in every aspect of his journey. With TSA's mentorship, he’ll gain the tools and knowledge to excel both on and off the court, paving the way for a successful transition to high-level college tennis.</p><h2>Looking Ahead</h2><p>As Benjamin Kadid embarks on this exciting new chapter with TSA, he remains focused on his ultimate goal: playing Division 1 tennis. With the agency's support and his unwavering determination, there is no doubt that he will continue to achieve great things in his young tennis career.</p><p>The journey ahead is filled with challenges and opportunities, but Benjamin's passion for tennis will undoubtedly drive him forward. His story serves as an inspiration to aspiring athletes everywhere, proving that with hard work and the right support system, dreams can become a reality!</p>

Blog

NIL vs Revenue Sharing: Understanding the Differences

Benjamin Kadid Commits to East Central College

Christel Fakhry Commits to Chicago State University: A Mi...

Big News: NCAA Will Now Allow Payment to College Athletes

College Sports: A Life-Changing Opportunity for Athletes

Benjamin Kadid Signs with Teranga Sports Agency to Pursue...