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Caitlin Clark's NIL Valuation is $3.1 million. Here are all the ways she makes money.

Women's sports are projected to generate more than $1 billion globally in 2024, and stars like Caitlin Clark are a major driving force.

Caitlin Clark.
Caitlin Clark.
  • Caitlin Clark of the University of Iowa Hawkeyes is the NCAA's all-time leading scorer.
  • She's converted her popularity into deals with brands including Nike and State Farm.
  • Her name, image, and likeness valuation is $3.1 million.

When Caitlin Clark and the Iowa Hawkeyes take on Angel Reese and the LSU Tigers in Monday's Elite 8 game, it'll be a highly anticipated rematch of the 2023 March Madness final, which LSU won.

For Clark, the NCAA's all-time leading scorer, the game could be her last at the college level. Afterward, the 22-year-old guard will enter the 2024 WNBA draft.

For the past four years, she's shown she's well on her way to GOAT status. With that comes a multimillion-dollar NIL valuation, a surge in popularity for women's sports, and, almost certainly, a lot of pressure.

Here's how Clark has used her skills on the court to become one of the most powerful active college athletes.

Caitlin Clark made her college-basketball debut in November 2020 — and immediately began breaking records.
Caitlin Clark.
The University of Iowa's Caitlin Clark began her college-basketball career in 2020.

Clark, who is from West Des Moines, Iowa, swiftly made an impact during her freshman season.

As of now, among her many records and accolades, Clark is the NCAA Division I all-time scorer, a three-time All-American, a three-time Big Ten MOP (most outstanding player), and the 2023 AP Player of the Year.

Her prowess on the court has proven valuable to her school.
Caitlin Clark puts her hand to her ear during Iowa's Elite Eight win over Louisville.
Clark put her hand to her ear during Iowa's Elite Eight win over Louisville in the 2023 women's March Madness tournament in Seattle.

For her senior season, tickets are almost 200% more expensive than last year, The New York Times reported, citing data from Vivid Seats, a ticket-resale provider.

Almost 10 million people — a record-breaking number — watched her team play Louisiana State University in the NCAA finals last year, which LSU won 102-85.

A moment in the game between Clark and the LSU star Angel Reese — in which Reese taunted Clark with a gesture Clark had made multiple times — went viral, dominated headlines, and sparked a conversation about double standards for Black athletes.

Women's sports are projected to generate more than $1 billion globally in 2024 — and stars such as Clark are a major driving force.
Caitlin Clark.
Clark flexed during the fourth quarter of the game against the Colorado Buffaloes in the Sweet 16 round of the 2023 NCAA women's basketball tournament in Seattle.

In November, Deloitte released a report predicting that women's sports revenue would hit $1.28 billion in 2024, up by 300% from its 2021 forecast.

A tech analyst, Michael Pachter, told The New York Times, "You do need women like Caitlin Clark who are so great that you can't miss them."

In January 2024, the NCAA signed a $920 million deal with ESPN to broadcast women's March Madness, where Clark will undoubtedly leave it all on the court.

Charlie Baker, the president of the NCAA, told the Associated Press the deal is worth $115 million annually, 300% more than its previous deal with ESPN.

But besides bringing capital to women's sports, Clark has made herself a brand. Some estimates say her likeness is worth $3.1 million.
Caitlin Clark.
Clark made her likeness a brand thanks to a change in NCAA NIL rules.

In 2021, the NCAA made the landmark decision to let college athletes profit off their names, images, and likenesses, or NIL, for the first time.

Clark wasted no time — as of now, according to the college-sports analysts On3's NIL ranking, Clark's NIL rights are valued at $3.1 million, the fourth-highest in the country only behind the basketball player Bronny James, the football player Shedeur Sanders, and the gymnast Livvy Dunne.

One of Clark's first — and best-known — endorsements is Nike. She signed with them in June 2022.
Caitlin Clark #22 of the Iowa Hawkeyes wears Nike shoes during the game against the Ohio State Buckeyes at Jerome Schottenstein Center on January 23, 2023 i
Clark's Nikes.

On X, formerly known as Twitter, Nike Basketball confirmed Clark and fellow basketball players Bronny James, Haley Jones, DJ Wagner, and Juju Watkins had all joined Nike as part of its first class of student-athletes.

After the deal, as Footwear News reported, Nike could sell official Hawkeyes merch with Clark's name — something it hadn't been able to do before the NIL rules changed.

There's no public information about how much Clark's deal will net her, but she's certainly been a loyal Nike wearer.

She's been spotted wearing various styles on the court, and she gave her teammates Kyler Murray's "Be 1 of One" Nike Dunks on her own birthday, Sports Illustrated reported.

Gatorade is another of Clark's high-profile sponsorships.
A detailed view of the Gatorade visitors bench before the game between the Miami Heat and the Oklahoma City Thunder at American Airlines Arena on April 9, 2018 in Miami, Florida
Clark also signed an endorsement deal with Gatorade.

In December 2023, Clark joined the Gatorade team, making her the second women's basketball player and fourth college athlete ever to partner with the sports drink brand, ESPN reported.

"Working with a brand like Gatorade is really a dream come true, but NIL is about more than just endorsements and partnerships. Athletes are learning about entire industries, how they work, and how we might be able to pursue other passions while we are playing and after our playing careers are over," she told ESPN.

Exact figures are unknown, but Gatorade confirmed the company would donate $22,000 to the Caitlin Clark Foundation — a reference to her jersey number, 22 — whose mission is "to uplift and improve the lives of youth and their communities through education, nutrition, and sport," according to the foundation's website.

In 2023, Clark became the first college athlete to partner with State Farm.
Caitlin Clark #22 of the Iowa Hawkeyes celebrates a 67-58 win over the Iowa State Cyclones at Hilton Coliseum on December 6, 2023
Clark became the first college athlete to sign an endorsement deal with State Farm.

Following in the footsteps of star athletes such as Patrick Mahomes, Clark joined up with State Farm, becoming the first college athlete to do so.

"Sports marketing is a key part of our growth strategy, and our investment over the last several decades has shown great business impact," Kristyn Cook, the chief agency, sales, and marketing officer for State Farm, said, according to Sports Illustrated.

"Welcoming Caitlin Clark to our team expands and strengthens our ability to positively impact communities and reinforces our commitment to raising the visibility of women's sports."

Since then, Clark has appeared in multiple State Farm commercials, including one released on the eve of the first game of March Madness.

Another of Clark's recent, high-profile deals is with Panini America trading cards.
Guard Caitlin Clark #22 of the Iowa Hawkeyes celebrates after scoring the game winning shot in the closing seconds of the second half against the Michigan State Spartans at Carver-Hawkeye Arena on January 2, 2024
Clark celebrated after scoring the game-winning shot against Michigan State in Iowa City, Iowa, on January 2.

Trading cards are a huge market right now. Clark was previously signed with Topps, one of the best-known trading-card brands, but her deal with Panini America made her the first female athlete to sign with the company.

"It's an honor to partner with Panini America as their first multi-year exclusive female athlete, and I'm excited to collaborate with them on my own collection," Clark said in a press release.

Clark announced her intention to enter the WNBA draft this year. No doubt more sponsorship deals are just around the corner.
Caitlin Clark #22 of the Iowa Hawkeyes celebrates her three-point basket against the Ohio State Buckeyes in the first half of the championship game of the Big Ten Women's Basketball Tournament at Target Center on March 5, 2023
Clark celebrated a three-point shot against Ohio State in the 2023 Big Ten Women's Basketball Tournament in Minneapolis.

In February 2024, Clark announced she'd be foregoing a fifth season at Iowa and would instead enter the WNBA draft, ESPN reported.

After the announcement, speculation reached a fever pitch regarding where she'll end up, but it's widely believed the Indiana Fever will use their No. 1 pick to draft Clark.

That's where Gainbridge, an annuities seller based in Indiana, comes in. According to The Athletic, Gainbridge contacted Clark's agents at Excel Sports Management for a sponsorship deal, which she signed in February. Another reason the connection is interesting? Gainbridge owns the naming rights to the Fever's arena.

Gainbridge's chief strategy officer, Minji Ro, told The Athletic that it didn't matter if Clark had ultimately chosen to stay in Iowa.

"We were in no matter what," Ro said. "Because that's the power of Caitlin Clark. So she plays in Indiana, that's great, but it doesn't actually matter where she plays because she's going to sell out everywhere."

All eyes are on Clark this March Madness. But, with her WNBA career poised to begin this year, she's just getting started.
Guard Caitlin Clark #22 of the Iowa Hawkeyes listens as the crowd cheers after breaking the NCAA women's all-time scoring record during the game against the Michigan Wolverines at Carver-Hawkeye Arena on February 15, 20243
Clark listened to the crowd after breaking the NCAA women's all-time scoring record on February 15 in Iowa City, Iowa.

Much has been written about Clark's potential, career, and what it could mean for women's basketball.

But for now, all her focus is on her final March Madness tournament, and the potential of winning her first national championship.

Read the original article on Business Insider

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