#United States #SCOUT #NIL #Saint Mary's College #Moraga, California

Saint Mary's College and Scout Join Forces for Athlete Support

In a significant development for collegiate athletics, Saint Mary's College has announced a strategic partnership with Scout, a leader in financial technology tailored for athletes. This collaboration aims to streamline the name, image, and likeness (NIL) operations at the college while providing comprehensive financial education for student-athletes. The objective is to empower these athletes with the necessary tools to handle their finances successfully and ensure compliance with NCAA regulations.

Enhancing Financial Literacy

The innovative program introduced by this partnership includes a multi-faceted approach to financial literacy. Saint Mary's Athletics will gain access to Scout's robust platform, which encompasses several key components such as custom revenue-share distribution, cap management, and personalized financial training. Moreover, athletes will have access to a secure wallet app designed specifically for their needs. This integration will help foster a better understanding of financial issues that many athletes face, ensuring they are well-informed as they navigate their finances.

Mike Matoso, the Vice President for Intercollegiate Athletics at Saint Mary's, expressed the college's commitment to prioritizing student-athletes' welfare, stating, "At Saint Mary's, we always strive to be intentional. Scout brings us not only technology, but trusted guidance... This is about doing right by our student-athletes, today and into the future." This highlights the institution's dedication to creating a supportive environment for their athletes.

Compliance and Integrity

One of the crucial aspects of the partnership is its focus on compliance. As highlighted by Maurisa Dominguez, Associate AD for Compliance, this collaboration simplifies complex financial systems while ensuring they meet NCAA guidelines. By aligning their approach with institutional values, Saint Mary’s College aims at maintaining a structured and clear process for athletes to manage their financial matters without jeopardizing their eligibility.

Michael Haddix, CEO of Scout, recognizes the foresight of Saint Mary's in adopting this thoughtful framework. He stated, "Saint Mary's is taking a thoughtful, principled approach to NIL. They're building a framework that puts their athletes first, while staying true to the institution's values." It shows a mutual commitment to providing a compliant and ethical approach toward financial matters in the realm of athletics.

A New Perspective on NIL

At Scout, the perspective on NIL goes beyond just Name, Image, and Likeness. Haddix further elaborates, “For us, it means Name, Image… Lifetime.” This indicates a forward-thinking approach, aiming not just at immediate financial opportunities but at the long-term financial health and success of student-athletes.

About Scout

Scout is an innovative financial technology company dedicated to serving the unique needs of athletes. Their platform aims to combine education and support, offering a mobile application that assists student-athletes in managing taxes, savings, LLC formation, and investment strategies. This partnership positions both entities towards greater success while emphasizing the importance of integrity and proper financial management in sports.

The collaboration reinforces a growing trend among colleges to prioritize financial literacy and compliance in an evolving athletic landscape, paving the way for student-athletes to thrive not just on the field, but in their future financial endeavors as well. By ensuring athletes have access to the right tools and support, Saint Mary's College exemplifies its commitment to fostering a responsible and informed generation of athletes.