New York Tech Media
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
New York Tech Media
No Result
View All Result
Home Startups & Leaders

Team-focused NIL startup partnering with UC athletes | Sports

New York Tech Editorial Team by New York Tech Editorial Team
January 31, 2022
in Startups & Leaders
0
Team-focused NIL startup partnering with UC athletes | Sports
Share on FacebookShare on Twitter






Team Paper

That’s where TeamPaper, a NIL division of Retrieve Technologies, comes into the new space, giving fans a way to connect to the entire team and players who don’t live on the Megatron an opportunity to monetize their immense commitments. 


Provided | Kelly Nizolek of Retrieve Technologies


Once Cincinnati quarterback Desmond Ridder was on board, his offensive line and women’s basketball counterparts not far across Varsity Village were right behind him. Onboard with a new NIL opportunity that is.

With the recent onset of rule changes to college athletics, student-athletes are able to be compensated for their name, image and likeness, or NIL. Since the new NCAA rule finally passed, stars from some of the biggest schools have taken the spotlight for their deals and profits, but what about the rest of the team? 

That’s where TeamPaper, a NIL division of Retrieve Technologies, comes into the new space, giving fans a way to connect to the entire team and players who don’t live on the Megatron an opportunity to monetize their immense commitments. 

TeamPaper first reached out to the University of Cincinnati because they wanted non-power five representatives since their first deals were with Iowa, LSU and Alabama. So, who better than the program that was weeks away from breaking history as the first-ever non-power five programs to make the College Football Playoffs. 

Although one of their missions is to give players with less playing time and attention a voice and opportunity to monetize their role on the team, TeamPaper knew convincing Ridder of their business model would surely get them in with more Bearcat’s. That they did, 20 members of Cincinnati’s football program and four from the Bearcat’s Women’s Basketball Program have agreed to contribute content to TeamPaper. 

With a $10/month subscription to Cincinnati’s TeamPaper fan group, fans can find exclusive content such as videos and merchandise to support their team.

TeamPaper, founded in July of 2021 by two former college athletes, takes 10% of the profits from the NIL deals, with 80% to the athletes and 10% to The Boys and Girls Club. However, the majority going to the athletes isn’t funneled to the stars, it is shared evenly amongst the teammates in the deal. 

One of TeamPaper’s two founders, Patrick Griffin, was motivated to give back to student-athletes after graduating from Harvard in 2005 where he was on the baseball team. Although not a star on Harvard’s pitching mound, Griffin felt a sense of underrepresentation for his contribution to making the stars better and was propelled to do something about it for current and future student-athletes in the shoes he once wore. 

Griffin said the “unsung heroes” of teams were in mind when putting together and launching his new business. 

With plenty of content to come from the Bearcat’s already onboard with TeamPaper, Griffin said they are eager to expand their Cincinnati footprint with other teams on campus. 

“If you look at the way NIL deals have been flowing, they’re really flowing to one or two percent of the population,” Griffin said on his model, aiming to allow fans to support an entire team and not just individual players.

Subscribing to TeamPaper’s Cincinnati member’s area does not benefit other teams in partnership with TeamPaper; each university subscription is separate. 

Griffin said he wants Cincinnati super-fans to have an insider look at the personal lives of their favorite teams and players through their yearbook/media-guide style subscription.

Griffin said his time working to make college socioeconomically affordable in the financial aid office of Harvard gave him the perspective and insight to see that many student-athletes wouldn’t be able to attend college if it weren’t for the talents they have and the team’s they’re on. Thus, teams as a whole must be recognized in the new NIL space, not just Heisman Trophy candidates and all-conference players, Griffin said. 

TeamPaper’s NIL model works like an album deal, where athletes are given an advance on future sales that they don’t have to pay back since the content is behind a paywall. 

“This is probably the easiest way to support your team in the NIL area,” Griffin said. 

Bearcat fans can subscribe to Cincinnati’s TeamPaper member area here.

Credit: Source link

Previous Post

Key exits of 2021 and what they mean for Mena’s startup ecosystem

Next Post

Israeli FinTech Bizi: $7.5M for SMB Credit Lines

New York Tech Editorial Team

New York Tech Editorial Team

New York Tech Media is a leading news publication that aims to provide the latest tech news, fintech, AI & robotics, cybersecurity, startups & leaders, venture capital, and much more!

Next Post
Israeli FinTech Bizi: $7.5M for SMB Credit Lines

Israeli FinTech Bizi: $7.5M for SMB Credit Lines

  • Trending
  • Comments
  • Latest
Meet the Top 10 K-Pop Artists Taking Over 2024

Meet the Top 10 K-Pop Artists Taking Over 2024

March 17, 2024
Panther for AWS allows security teams to monitor their AWS infrastructure in real-time

Many businesses lack a formal ransomware plan

March 29, 2022
Zach Mulcahey, 25 | Cover Story | Style Weekly

Zach Mulcahey, 25 | Cover Story | Style Weekly

March 29, 2022
How To Pitch The Investor: Ronen Menipaz, Founder of M51

How To Pitch The Investor: Ronen Menipaz, Founder of M51

March 29, 2022
Japanese Space Industry Startup “Synspective” Raises US $100 Million in Funding

Japanese Space Industry Startup “Synspective” Raises US $100 Million in Funding

March 29, 2022
UK VC fund performance up on last year

VC-backed Aerium develops antibody treatment for Covid-19

March 29, 2022
Startups On Demand: renovai is the Netflix of Online Shopping

Startups On Demand: renovai is the Netflix of Online Shopping

2
Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

1
Menashe Shani Accessibility High Tech on the low

Revolutionizing Accessibility: The Story of Purple Lens

1

Netgear announces a $1,500 Wi-Fi 6E mesh router

0
These apps let you customize Windows 11 to bring the taskbar back to life

These apps let you customize Windows 11 to bring the taskbar back to life

0
This bipedal robot uses propeller arms to slackline and skateboard

This bipedal robot uses propeller arms to slackline and skateboard

0
Coffee Nova’s $COFFEE Token

Coffee Nova’s $COFFEE Token

May 29, 2025
Money TLV website

BridgerPay to Spotlight Cross-Border Payments Innovation at Money TLV 2025

May 27, 2025
The Future of Software Development: Why Low-Code Is Here to Stay

Building Brand Loyalty Starts With Your Team

May 23, 2025
Tork Media Expands Digital Reach with Acquisition of NewsBlaze and Buzzworthy

Creative Swag Ideas for Hackathons & Launch Parties

May 23, 2025
Tork Media Expands Digital Reach with Acquisition of NewsBlaze and Buzzworthy

Strengthening Cloud Security With Automation

May 22, 2025
How Local IT Services in Anderson Can Boost Your Business Efficiency

Why VPNs Are a Must for Entrepreneurs in Asia

May 22, 2025

Recommended

Coffee Nova’s $COFFEE Token

Coffee Nova’s $COFFEE Token

May 29, 2025
Money TLV website

BridgerPay to Spotlight Cross-Border Payments Innovation at Money TLV 2025

May 27, 2025
The Future of Software Development: Why Low-Code Is Here to Stay

Building Brand Loyalty Starts With Your Team

May 23, 2025
Tork Media Expands Digital Reach with Acquisition of NewsBlaze and Buzzworthy

Creative Swag Ideas for Hackathons & Launch Parties

May 23, 2025

Categories

  • AI & Robotics
  • Benzinga
  • Cybersecurity
  • FinTech
  • New York Tech
  • News
  • Startups & Leaders
  • Venture Capital

Tags

3D bio-printing acoustic AI Allseated B2B marketing Business carbon footprint climate change coding Collaborations Companies To Watch consumer tech crypto cryptocurrency deforestation drones earphones Entrepreneur Fetcherr Finance Fintech food security Investing Investors investorsummit israelitech Leaders LinkedIn Leaders Metaverse news OurCrowd PR Real Estate reforestation software start- up Startups Startups On Demand startuptech Tech Tech leaders technology UAVs Unlimited Robotics VC
  • Contact Us
  • Privacy Policy
  • Terms and conditions

© 2024 All Rights Reserved - New York Tech Media

No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital

© 2024 All Rights Reserved - New York Tech Media