NCAA to substitute National Letter of Intent with financial aid, rev share

October 9, 2024

By Pete Nakos, On3 Sports: The National Letter of Intent (NLI) was eliminated by the NCAA Division I Council on Wednesday morning, ending a program that started in 1964. According to a document obtained by On3, the NLI will be replaced by a new financial aid agreement and revenue share contract.

Most importantly, recruits are prohibited from signing more than one valid aid agreement. The school’s athletic compliance office will designate the signed status in NCAA applications.

Communication must stop when a signed recruit or any individual associated with the athlete, according to the document obtained by On3.

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NCAA to substitute National Letter of Intent with financial aid, rev share

According to a document obtained by On3, the National Letter of Intent will be replaced by a new financial aid agreement and revenue share.

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