College football just got a new kind of enforcement energy. On January 9, the College Sports Commission (CSC) sent a memo to Division I athletic directors warning about multimillion-dollar third-party NIL deals floating around transfer portal season—and the CSC says investigations are starting into deals that may be used as “portal bait.”

In this BNP™ Fast Break, Michael breaks down:

• What the CSC is targeting (third-party NIL deals that don’t hold up on purpose or value)

• Why “valid business purpose” + “fair market value” are now the survival words

• What “warehousing” means (aka a storage unit for cash)

• Why portal season makes this tampering-adjacent chaos

• The big question: can the CSC enforce without getting sued into dust?

Disclaimer: Content is for informational and entertainment purposes only and does not constitute legal advice.