Ishbia, Michigan State to end NIL agreement

EAST LANSING, Mich. (WILX) - Michigan State University has lost one of its top name image and likeness (NIL) contributors to members of the football, men’s basketball, and volleyball teams.

United Wholesale Mortgage owner Mat Ishbia has announced his financial NIL commitments to MSU athletes on those three teams will end at the end of June 2023. Some athletes are paid up to $700 per month.

More on MSU donors: Longtime MSU booster Duane Vernon dies

Ishbia reportedly claims by being the owner of the NBA’s Phoenix Suns, paying MSU athletes would be a conflict of interest.

Also on Friday, Ishbia also hired former Indiana Pacers and Los Angeles Lakers coach Frank Vogel to coach his Suns next season. Vogel replaces Monty Williams, who is likely to join the Detroit Pistons.

Related:

• Pistons reach agreement to hire former Suns coach Monty Williams, AP sources say
• Akins, Hoggard returning to MSU basketball
• Additional Spartan football game times, networks announced
• Former Spartans football coach Denny Stolz dies at 89

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