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What could the new NIL rules mean for Northwestern?

In response to Inside NU’s call for questions for our (belated) end of June mailbag, Twitter user @HarryLe53758580 posed a most interesting query for our Editor-in-Chief, Daniel Olinger:

Yours is a most interesting question, @HarryLe53758580, and a most pertinent one at that, with seemingly all of the buzz in the college sports world relating to student-athletes’ newfound freedom to profit off of their name, image and likeness in one way or another. So today, I’m gonna answer it as best I can with what little we already know about NIL and what is already apparent about the NU Sports-scape.