Basepath automates the management of Name, Image, and Likeness (NIL) deals for student-athletes, athletic departments, and brands by streamlining contract signing, task assignments, and financial disclosures. The platform enhances compliance and efficiency by automating disclosures to athletic departments and consolidating NIL income management for athletes.
Funding
Funding not disclosed
Founders
Product
Problem
Managing Name, Image, and Likeness (NIL) deals for student-athletes, athletic departments, and brands involves complex contract management, task assignments, and financial disclosures. Manually handling these processes can lead to inefficiencies, compliance risks, and difficulties in tracking NIL-related income.
Solution
Basepath provides a software platform designed to automate and streamline NIL operations for all stakeholders. The platform automates the signing, storing, and management of NIL contracts, facilitates task assignments and submission tracking, and enables direct deposit of NIL payments with automated tax form generation. It also automates disclosures to athletic department compliance, ensuring eligibility requirements are met. Basepath consolidates NIL deal income into a single wallet for student-athletes, offering growth predictions and tax estimates.
Target Audience
Basepath targets student-athletes, athletic departments, collectives, and brands involved in NIL deals, aiming to streamline operations and ensure compliance.
Features
- Automated contract signing, storage, and management for NIL deals
- Task assignment and submission tracking for athletes
- Direct deposit of NIL payments with automated tax form generation
- Automated disclosures to university compliance departments
- Basepath Wallet: Consolidates NIL income, provides growth predictions, and estimates taxes
- Collectives management: Tools for managing donors, memberships, and payments
- Integrations with existing systems to streamline workflows