On April 7th, we anticipate the approval of the House settlement – officially ushering in a new chapter of college sports. With this, you can formalize agreements with your student-athletes for rev share and NIL payments. But schools have little time to implement the tech needed to support this new process.
The good news: Teamworks has you covered!
With General Manager’s new Agreements and Contracts workflow set to release this spring, you’ll have one less thing to worry about. Similar to the Agreements workflow in Influencer, this feature will directly tie into your budgets in General Manager (GM), and integrate with Hub for accurate roster data. In July, the Contracts & Agreements workflow will use Wallet to pay athletes seamlessly – like Influencer does today. Together, this connected set of features makes the contracting and payment process simple and scalable.
Flexibility and Integration at the Core
While there are still many unknowns when it comes to contracting, two things are certain: 1) no two schools are alike, and 2) efficiency is critical for all. That’s why we’ve baked flexibility and integrations into GM’s Agreements and Contracts workflow.
Template-Driven Workflows
You can upload and manage multiple contract templates, ensuring flexibility for different teams, sports, and scholarship types. No more creating contracts one by one—simply select your template, and let Teamworks handle the rest.
Effortless Agreement & Contract Creation
From budget planning to signing agreements, all steps are integrated within GM. Once you set your team budget, agreements and payment plans are pre-filled with relevant information and one contract is automatically generated per athlete, saving valuable time.
Flexible Payment Schedules
Build dynamic payment schedules tailored to individual athletes or entire teams. Whether it’s monthly, weekly, or customized intervals, you’re in full control.
Seamless Signatures
Send contracts to student-athletes for signature and have the signature digitally certified, ensuring efficiency without compromising security.
Automatic Integration with Wallet
When rules go into effect in July, you’ll be able to send payments directly from your compliance/finance office through GM using Teamworks Wallet. Necessary information is automatically pulled from your agreements, reducing administrative friction and ensuring timely disbursement of funds.
Are You Ready for April 7th?
The 35+ early adopters of GM are set to take advantage of the new agreements and contracts feature, ensuring compliance and operational efficiency in the new cap management era. If you’re not one of these schools, don’t let April 7th catch you off guard. Contact us today to start building your budgets and laying the groundwork for a hassle-free contracting process.