Thursday, May 14, 2026

How USC Star QB Caleb Williams Evaluates NIL Deals

  • To evaluate deals, the Heisman candidate has a small army of trusted confidants.
  • Williams’ criteria revolves around brands with which he can create a “genuine relationship.”
Athletic Brewing

The entire college career of USC quarterback Caleb Williams has taken place during the name, image, and likeness era. As a result, he’s been able to capitalize on his Heisman candidacy and platform at a Power 5 school in one of the nation’s largest media markets.

Williams boasts an NIL value of $2.1 million according to On3 — the third highest in college football.  While he told Front Office Sports he isn’t a fan of abstract NIL valuations, the deals he’s signed suggest his ranking, at least, isn’t far off. 

Williams has landed partnerships with the likes of Fanatics, Beats by Dre, Athletic Brewing, and Beverly Hills real estate private equity fund Hawkins Way Capital. He even invested in a company, becoming the part-owner of male grooming brand Faculty.

How has he built his illustrious portfolio?

The sophomore said he didn’t want to rush into inking deals. Instead, he’s built a small army of trusted confidants to evaluate and negotiate deals as well as produce content.

Williams wants to create a “genuine relationship.” Those are the types of questions he asks himself: Does he use the brand? Would he like to? Was he interested in the company growing up?

“And then, make sure everyone understood that my commitment to what I like to do — what I love to do — is play football,” he said. If a brand demanded too much of his time, he wouldn’t sign.

“I actually don’t spend as much time [on NIL] as you might think,” Williams said. His team takes care of most of that so he can focus on football, his teammates, and schoolwork.

Top 2023 MLB Draft Prospect Is Taking A Different Approach to NIL

Chase Dollander is focusing on resources that improve his recovery.
September 26, 2022

Williams’ deal with Beats was one of his favorites — not only because of his personal affinity for the brand, but also because he was able to give players and athletic department staff headphones.

Williams said that the NCAA’s previous prohibition on NIL rules was “absurd,” and that he felt it’s created an overall positive change in college sports. 

“I spend 13 hours on average at the school,” he said. “I have no problems with it…but we don’t have other time to possibly provide for our family.”

“I think it’s awesome for players to make money for themselves.”

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

How Sports Graphic Designers Are Grappling With the Rise of AI Art

The release of ChatGPT 2.0 Images sparked a conversation among sports designers.
Mar 15, 2025; Charlotte, NC, USA; ACC commissioner Jim Phillips hands the championship trophy to Duke Blue Devils head coach Jon Scheyer after the 2025 ACC Conference Championship game against the Louisville Cardinals at Spectrum Center. Mandatory Credit: Jim Dedmon-Imagn Images

ACC Backs Duke-Amazon Deal Despite Big Ten Concerns

ACC commissioner Jim Phillips revealed ESPN was involved in the discussions.

ACC Still Holding Off on Private Equity Despite Big 12 Leap

“To date, there’s nothing that has made sense,” Jim Phillips said Wednesday.
Mar 11, 2026; Charlotte, NC, USA; Florida State Seminoles forward Alex Steen (25) reacts with guard Robert McCray V. (6) in the first half at Spectrum Center.

FSU Tests New Revenue Model as Schools Cut Sports

“Cutting sports isn’t part of the equation for us.”

Featured Today

Collectible Cups Are Sending Sports Fans Into a Frenzy

The drink is secondary to the wild vessel it comes in.
Matt Palumb
May 8, 2026

Pro Lacrosse’s Top Ref Is As Famous As the Players

The last celebrity referee is in the Premier Lacrosse League.
May 2, 2026; Atlanta, Georgia, USA; Atlanta United midfielder Saba Lobjanidze (11) reacts to his goal against the CF Montréal in the first half at Mercedes-Benz Stadium. Mandatory Credit
May 7, 2026

How Atlanta Unexpectedly Became the Epicenter of U.S. Soccer

U.S. Soccer is opening a new national HQ in Georgia.
Tottenham Hotspur
May 6, 2026

Tottenham Hotspur Is Facing a Billion-Dollar Disaster

A seemingly improbable drop to England’s second tier is a tangible possibility.

NCAA Warns Baseball Coaches About Canceling Games to Boost Stats

A myriad of Power Four schools canceled games against lower-ranked opponents.
Jun 18, 2021; Omaha, Nebraska, USA; Ryan Lochte after the Men’s 200m Individual Medley Finals during the U.S. Olympic Team Trials Swimming competition at CHI Health Center Omaha. Mandatory Credit: Rob Schumacher-USA TODAY Sports
May 11, 2026

Ryan Lochte to Coach College Swimming at $34 an Hour

Missouri State announced it hired the 12-time Olympic medalist on Sunday.
Oct 11, 2025; College Park, Maryland, USA; Nebraska Cornhuskers quarterback Dylan Raiola (15) throws during the second half against the Maryland Terrapins at SECU Stadium.
May 11, 2026

CSC Wins Key NIL Arbitration in Nebraska Football Case

The case centered around deals offered to 18 football players.
Sponsored

What Is It Like to Run the Knicks?

Dave Checketts on his time running the Knicks & Jazz, Jordan war stories, and his investment strategy across major sports leagues.
May 8, 2026

Ex-Ohio University Football Coach Sues School Over Firing

Smith admitted to having a romantic relationship with an undergraduate.
exclusive
May 8, 2026

What Illinois’s $20M Jumbotron Says About the Future of CFB Stadiums

Illinois installed the largest video display in college football in January.
Apr 6, 2026; Indianapolis, IN, USA; Michigan Wolverines guard Roddy Gayle Jr. (11) goes up for a rebound against Connecticut Huskies guard Braylon Mullins (24) and Connecticut Huskies forward Tarris Reed Jr. (5) in the first half during the national championship of the Final Four of the men's 2026 NCAA Tournament at Lucas Oil Stadium.
May 7, 2026

Expanded Basketball Tournaments Will Yield NCAA $50M a Year

The deal guarantees the NCAA will be able to cover additional operating expenses.
May 7, 2026

Tournament Darling LIU Had 1,000 Ineligible Athletes, NCAA Says

LIU merged its Brooklyn and Long Island campuses in 2019.