HICKORY, NC - Basepath, the leading name, image, and likeness (NIL) operations software provider for collectives, universities, and college athletes, has officially been selected as the exclusive NIL operations software provider for Lenoir-Rhyne University. This partnership aims to enhance NIL and financial literacy education, streamline compliance disclosure, and optimize athlete operations using the Basepath platform. Lenoir-Rhyne will be the first NCAA DII institution to partner with Basepath, continuing to pave the way for the world of DII NIL.
Lenoir-Rhyne University is committed to empowering its athletes by providing them with the tools and resources necessary to succeed in the evolving NIL landscape. Through this collaboration, Basepath will deliver advanced solutions that support the university's efforts in fostering financial literacy and ensuring compliance with NIL regulations.
Bear athletes will be receiving Basepath Wallet, a secure and user-friendly financial tool designed specifically for athletes. Basepath Wallet simplifies NIL by enabling automated task assignments, tax estimations, compliance disclosures and payments to athletes. The app also provides compliance dashboards for athletic department administrators and is integrated with DocuSign for smart contracts. With Basepath Wallet, Lenoir-Rhyne athletes will have access to streamlined contract management, financial reporting and content submission tools, allowing them more time to focus on their sports and academic pursuits.
"We are excited to partner with Basepath to streamline NIL operations for our student-athletes," said Lenoir-Rhyne University Athletic Director Kim Pate. "Basepath Wallet ensures our student-athletes are well-prepared to manage their NIL opportunities and financial responsibilities. This partnership will significantly enhance our educational efforts and provide our student-athletes with a solid foundation for success."
In addition to operational efficiency, Basepath will support Lenoir-Rhyne in providing comprehensive NIL and financial literacy education. This initiative will equip athletes with the knowledge they need to navigate their NIL opportunities responsibly and effectively, ensuring they make informed decisions about their financial futures.
"We are excited to collaborate with Lenoir-Rhyne University to empower their athletes with our NIL operations software," said Basepath Co-Founder and CEO Thomas Thomas Jr. "Our platform, including Basepath Wallet, will provide the necessary tools and education for athletes to maximize their NIL potential while maintaining compliance and focusing on their overall development."
