The Friar Family Collective has officially launched.
In support of Providence student-athletes, the collective released a press release on Thursday saying that it will assist with their NIL opportunities.
“We have such a passion for Providence College and the athletes,” Friar Family Collective CEO Michael Ferranti said. “We’re very excited to be able to interact and work with them. As a team, we want to make sure we’re acting within how Providence College wants to be represented to the public.”
RELATED: NIL marketplaces, collectives make splash during college football’s opening weeks
Providence College Athletic Director Steve Napolillo added that “the best interests of Providence and its student-athletes are central to the Friar Family Collective and its members.”
Go Friars!
— Friar Family Collective (@FriarFamilyNIL) September 22, 2022
???? https://t.co/8zvDvIuWwj pic.twitter.com/zlkBqLCSh2
“I look forward to the Friar Family Collective giving our student-athletes an opportunity to maximize their name, image and likeness in this new college landscape,” Napolillo concluded.
RELATED: Purdue’s NIL collective adds Drew Brees to executive board: ‘He is the perfect fit’
According to the press release, The Friar Family Collective was founded to create avenues for student-athletes to receive NIL compensation, while building their personal brands, and making contributions to the community and local businesses. The collective promises to provide these student-athletes with guidance and exposure.
The Friar Family Collective also partnered with Opendorse, which will help streamline communication, compensation, and compliance for the student-athletes and the organization.
