Rutgers Wrestling made some offseason news on Monday afternoon, as Head Coach Scott Goodale took to the On3 Wrestling channel hosted by Nick Kosko to announce that his program is partnering with FanStake. FanStake is an NIL recruiting platform that allows fans to contribute directly to an athlete’s name, image, and likeness endorsement deal, and with […]
Rutgers Wrestling made some offseason news on Monday afternoon, as Head Coach Scott Goodale took to the On3 Wrestling channel hosted by Nick Kosko to announce that his program is partnering with FanStake.
FanStake is an NIL recruiting platform that allows fans to contribute directly to an athlete’s name, image, and likeness endorsement deal, and with this partnership, you’ll be able to help Rutgers Wrestling land recruits.
“Basically, you’re taking a stake in a certain kid’s recruitment,” Goodale said on the show. “For example, if Nick Kosko loves a certain recruit and he knows we’re recruiting him. You could go to the website, look at his list, and you really want this recruit than you could put in $100. After that, someone else could put in $100, and next thing you know, he’s got $50,000 in there. But, if he decides to go somewhere else, you get your money back. So what you’re doing is putting a stake on that recruit.”
Kosko went on to interview Andrew Phillips, the Vice President of NIL Partnerships at Fanstake, and he went a little more into detail on what exactly this partnership will do for Rutgers.
“Individual Rutgers fans can come on the platform and, whether it’s Jordan Chapman or any of your other favorite wrestlers, you can place what’s called a stake with that wrestler,” said Phillips. “What that means is, if they decide to stay at Rutgers for a year, then great. The funds that are collected along with your contribution and everybody else’s, those convert into an NIL endorsement deal between our platform and that wrestler. So they will endorse the Fan Stake platform. The size of that endorsement is determined by whatever is collected in the platform on their behalf. If they decide to hit the portal or go somewhere else, then everybody gets their money back.”
Fanstake has worked with a lot of different recruits over the past few years, specifically on the basketball and football side of things, but this partnership with the Scarlet Knights’ wrestling program will be the first of its kind for the sport.
“I think Rutgers is the perfect partner for us because of three key reasons,” said Phillips. “First, just where they’ve been success-wise, right on the cusp and finished just outside the top 10 last year while really making a national splash. With all the talent they’ve got coming back – you’ve spent the last 20 minutes talking about it – senior leadership anchored with young guys coming in, and really poised to make a splash. Number two, there’s been this lean in from the Rutgers staff on wanting to be innovative and wanting to turn over every rock in the NIL space. That certainly is what we’re hoping to allow programs to do, to tap into a wider network of their fans, and allow them to participate in a way that is really unique, to have this no-risk contingent way to contribute to your favorite athletes. Finally, there’s a stat that caught my eye as I was kind of learning more about Rutgers, and that is that they were number five nationally in attendance. As I think about, what are the different factors of passion that we look for? And as I kept doing further research, I kept hearing about you know, the broader New Jersey wrestling community just referred to in that term. The New Jersey wrestling community, New Jersey wrestling fans and what it means to the state of New Jersey and just the passion of the people in New Jersey when it comes to wrestling. Three amazing reasons for us to be partners and we couldn’t be more thrilled and really looking excited.”
HOW CAN RUTGERS WRESTLING FANS SIGN UP?
If you look at the FanStake website, click explore athletes and search Rutgers Wrestling, you’ll see everything you need to get started. You just simply make an account after that and can stake money on a specific wrestler to help keep him on the roster or stake money on some of the program’s top recruiting targets in order to help sway them towards the school of your choosing.
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