Lenoir-Rhyne University Chooses Basepath as NIL Operations Software Provider
Hickory, North Carolina (July 2024) - 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 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 thrilled to partner with Basepath to elevate our NIL operations and support our athletes at Lenoir-Rhyne University," said Lenoir-Rhyne University Athletic Director Kim Pate. "Basepath Wallet will not only streamline our NIL processes but also enhance our educational efforts, ensuring our athletes are well-prepared for their NIL opportunities and financial responsibilities."
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."
About Lenoir-Rhyne
Founded in 1891 by four Lutheran pastors and located in Hickory, North Carolina, Lenoir-Rhyne University is a private, coeducational institution dedicated to providing a high-quality education grounded in the liberal arts. Known as the Bears, the university's sports teams compete in the NCAA Division II South Atlantic Conference, excelling in a variety of men's and women's sports, including football, basketball, soccer, and lacrosse. Lenoir-Rhyne University is renowned for its strong academic programs, particularly in health sciences, including nursing, occupational therapy, and physical therapy. For more information, visit lrbears.com
About Basepath
Basepath is the leading provider of NIL operations software for collectives, universities, agents and college athletes. On the mobile app, Basepath Wallet helps athletes manage their NIL finances, employment income, and university grants. Basepath supports over 70 collectives. For more information about Basepath, visit www.basepath.com or its social media pages on Instagram, LinkedIn and Twitter.
