Live Coverage
HOLT, C.·SG · AZ·74.2·AAA BOND ARISTODE, D.·F · PORTAL·72.6·STRONG BUY GWATH, M.·C · SDSU·43.8·HYPE TAX RISK COLLINS JR., M.·SF · GSU·68.4·CONDITIONAL BUY BURCH, T.·PG · SHSU·52.1·MONITOR PORTAL CLOSED·04.21.2026·WINDOW CLOSED HOLT, C.·SG · AZ·74.2·AAA BOND ARISTODE, D.·F · PORTAL·72.6·STRONG BUY GWATH, M.·C · SDSU·43.8·HYPE TAX RISK COLLINS JR., M.·SF · GSU·68.4·CONDITIONAL BUY BURCH, T.·PG · SHSU·52.1·MONITOR PORTAL CLOSED·04.21.2026·WINDOW CLOSED
Coverage Active · 2026 Portal Window
⬛ Before the Court · Apr 25, 2026 →
The Independent Rating Standard for NIL Capital.

When a compensation figure has to survive an IRS §4958 review, a diligence committee, or a courtroom, NIL Command is the independent number behind it. We do not advise programs. We do not represent athletes. We produce a production anchored valuation, with the rigor capital markets demand and NIL has never had.

IRS §4958 · Rebuttable Presumption of Reasonableness
An independent FMV opinion obtained before the deal shifts the burden to the IRS. Engaged by referral.
Request Access →

NIL Command does not advise on deal terms, represent programs, or accept fees from rated parties.

NIL Command · Active Ratings
2026 Portal Window · Current Coverage
Caleb Holt
SG · ARIZONA · ISSUED 12/21/2025
AAA BOND
74.2 · CONFIRMED ✓
Dwayne Aristode
F · PORTAL · ISSUED 04/13/2026
STRONG BUY
72.6 · FMV $550K–$650K
Magoon Gwath
C · SAN DIEGO ST · ISSUED 04/14/2026
HYPE TAX RISK
43.8 · PASS ABOVE $550K
MJ Collins Jr.
SF · GEORGIA STATE · ISSUED 03/20/2026
COND. BUY
68.4 · MONITOR
6/6
Predictions
Confirmed
81d
Earliest
Prediction
$218K
Efficient
CPWS Bench
Independence Protocol

NIL Command operates under a strict conflict-of-interest firewall. We do not accept fees from programs, collectives, agents, or athletes being rated. Our ratings exist to protect capital markets, not to serve any party to a transaction.

The Problem

$166M approved.
No defensible number behind it.

The system clears deals by volume, not by defensible value. Every approved figure still has to survive an IRS §4958 review, a diligence committee, or a contested matter. Nothing in the market produces the number that does.

CSC NIL Go · Total Cleared
$166.5M
in NIL capital deployed through the CSC platform since launch — with no standardized risk framework.
Deals Rejected · By Dollar Value
14.9%
of submitted NIL deal value rejected — $29.3M in capital exposure identified as non-compliant.
The 53% Problem
53%
of NIL valuation variance driven by non-athletic factors — behavioral, brand, and institutional risk that standard scouting ignores.
IRS §4958 Exposure at FMV
$0
in excess benefit risk for deals priced within our verified FMV range. Every rating includes compliance documentation.

The NIL market is allocating capital at private equity scale with handshake-deal due diligence. There is no Moody's for NIL. No independent fiduciary rating body that collectives, law firms, and boards can reference when deploying $1M+ commitments. NIL Command was built to be that institution.

The Rating Engine

Not a scouting report.
A fiduciary instrument.

Three proprietary systems inside every rating. Together they produce the only NIL valuation model built on the same rigor as capital market due diligence.

Asset Classification System
Three archetypes. Every player.
Every rated athlete is assigned to a standardized asset class that defines how capital should be structured, deployed, and protected.
AAA
Efficient Asset
Safe Harbor Bond
$131K/WS
CPWS
74.2
Score
STRONG BUY
Verdict
BB
Distressed Asset
Logo Arbitrage
$420K/WS
CPWS
51.6
Score
COND. BUY
Verdict
D
Toxic Asset
Capital Destruction
$820K/WS
CPWS
19.4
Score
DO NOT BUY
Verdict
Mercenary Score™ Engine
Psycholinguistic loyalty risk.
A 1–10 score derived from language pattern analysis, transfer history, agent affiliation, and career statement profiling.
Analysis Feed · Live
Four-Core Valuation Model
Every dimension. One score.
Performance, Market, Brand, and Risk — weighted and combined into a single composite score tied directly to verified on-court production.
Performance
82
Market
91
Brand
75
Risk
28
Weighted Composite 74.2

Most NIL decisions are made on: scouting reports, social media, and regional reputation.

We make them on
fiduciary risk.

53% of NIL valuation variance is driven by non-athletic factors. The programs losing money in the portal aren't losing it because their scouts are bad. They're losing it because they have no framework for the other half of the decision.

The Protocol

How a rating gets made.

Three stages. Every covered player goes through all three — in the same sequence, with the same rigor, every time.

01 · Research

The five-agent pipeline ingests everything.

The Field Scout runs automated research across public data, game film, and performance databases. Four specialist agents — Scout, Profiler, Accountant, Compliance Officer — run sequentially, each building on the last. No agent sees the previous verdict until after it runs. No confirmation bias.

Five-Agent Pipeline DeepSeek Reasoner Perplexity Research
02 · Rate

The Four-Core Model produces a standardized verdict.

Performance (45%), Market (25%), Brand (20%), and Risk (10%) are scored independently and weighted into a composite. The Mercenary Score engine runs its psycholinguistic analysis in parallel. CPWS is calculated against the efficient benchmark of $218K/WS. A classification is assigned. The verdict is final.

AAA / BB / D Classification Mercenary Score™ CPWS Analysis
03 · Report

A timestamped, audit-ready rating is issued and archived.

The Verdict agent produces a final report — FMV range, compliance documentation, IRS §4958 memo, asset class designation, and deal structure recommendations. The report is timestamped on issuance and archived permanently. Every prediction is on record. Outcomes are tracked against it.

§4958 Compliance Memo Timestamped Archive Outcome Tracking
Peer-Reviewed Research

The Full Methodology Is Published

Read the complete research paper behind the NIL Command rating engine — empirical validation, the CPWS framework, and the full scoring methodology — published on SSRN.

Read on SSRN →
Track Record

Predictions with timestamps.
Outcomes with receipts.

Case Study 001 · Pre-Signing Prediction ✓ Confirmed
CH
Caleb Holt
SG · 6'5" · PROLIFIC PREP → ARIZONA WILDCATS · 2026 CLASS
December 21, 2025
Rating Issued: GREEN · Strong Buy
"Sign him. Pay the $1.2M ask. Do not negotiate on price." — Original Directive
March 10, 2026 · 81 days later
Arizona signs Holt — Highest-ranked recruit since Ayton (2017)
Tommy Lloyd's highest-ranked recruit. Senior season confirmed all defensive profile predictions.
Prediction Scorecard · 6 / 6 Confirmed
Sign — Pay $1.2M askEXECUTED
Rebounding profile (9.5 RPG projected)CONFIRMED
Defensive floor holds (steals + blocks)CONFIRMED
One-year flight risk (<15% Year-2 retention)ON TRACK
System fit — Low "New System Tax"CONFIRMED
Regional commit — Tommy Lloyd / USAB connectionCONFIRMED
Why This Matters

Any firm can produce an analysis after a deal is signed. The only measure that matters for a rating authority is whether the rating was issued before the outcome — and whether it was correct.

The Holt rating was issued 81 days before Arizona signed him. Six independent predictions were embedded in that report. All six confirmed. This is the foundation of what a fiduciary standard requires: a verifiable track record with timestamps, not retroactive analysis.

This is Case Study 001. The validation library grows with every portal window. Every rating NIL Command issues is timestamped, archived, and tracked against real-world outcomes.

6/6
Case 001
Predictions Confirmed
81d
Days Before
Signing Confirmed
$218K
Projected CPWS
Efficient Benchmark
2017
Last AZ Recruit
Ranked This High
Access & Engagement

When the number
has to hold up.

NIL Command is engaged when a compensation figure has to survive scrutiny: an IRS §4958 review, a diligence committee, or a contested matter. Independent, production anchored, flat fee for the analytical process. By referral and direct intake only.

Engaged by the party for whom the figure is allowed to come back unfavorable
Capital
Diligence
For acquirers, LPs, and investment committees evaluating a roster, a program, or an athletic department commercial vehicle.
  • Roster unit economics for the capital allocation the revenue cap created.
  • CPWS efficiency read and a regulatory exposure map on the target's NIL flow.
  • Independent diligence for the buyer, never for the rated party.
  • Scoped to the transaction and delivered to the committee.

Request Access

By engagement · Direct intake

Litigation
Support
For counsel where a compensation or damages figure is contested and the matter turns on whether it is defensible.
  • Consulting input to counsel. The attorney directs and owns the work product.
  • Production anchored analysis of a contested FMV or damages number.
  • A methodology that is version controlled and independently reproducible.
  • Compensation for time, never for outcome.

Request Access

Retainer · By referral

The Deliverable · CPWS FMV Certificate

The certificate is the documentary form of the opinion: a production anchored fair market value, conforming to the published NCS-FMV standard, recorded to a public verification register and citable by reference. It is issued on engagement, by referral, under retainer. It is never an off the shelf purchase, and it is never issued for a party rating its own compensation.

See the Standard → Verify a Certificate
Request Access

The standard is set.
Are you in coverage?

NIL Command operates by referral and direct intake only. Submit your institution's email to begin the access request process.

White-glove intake. No automated onboarding. Every subscriber reviewed.