NASHVILLE, Tenn. - - Belmont University Athletics announced Monday an extension of its partnership with Teamworks, integrating Teamworks General Manager (GM) and Wallet to build a first-in-class infrastructure for Name, Image, and Likeness (NIL) and athletic revenue sharing operations.
Adding Teamworks GM and Wallet expands upon the foundation of Teamworks Influencer, connecting NIL activity to roster strategy and delivering payments directly to athletes in a seamless ecosystem. Together, these three tools create a connected NIL and athlete compensation system, helping programs manage opportunities, plan strategically, and deliver payments efficiently and transparently.
"We are excited to extend our partnership with Teamworks to include Teamworks General Manager," said Belmont Vice President/Director of Athletics Scott Corley. "Teamworks has been an outstanding partner for us. Their extensive product lines, efficient technology, and exceptional customer service have elevated the game for Belmont Athletics. We look forward to implementing Teamworks GM and empowering our department to reach new heights."
As college athletics evolve, Teamworks GM gives coaches and administrators a single system to manage roster and compensation planning.
Instead of relying on spreadsheets and various online resources, Teamworks GM streamlines the process, strategically allocating resources, forecasting roster scenarios, and empowering informed decisions about attracting and retaining talent. The platform brings together athlete investments, including scholarships, NIL activity, and other compensation, so administrators can plan budgets and make data-driven decisions.
Teamworks Wallet completes the ecosystem by enabling fast, reliable payments to student-athletes. Once agreements are finalized, funds can be delivered directly to athletes through their Wallet accounts, giving them immediate access to earnings and features to manage their money responsibly.
Through this integration, Belmont student-athletes will transition away from fragmented payment channels to a single, secure digital banking destination built specifically for college athletics.
Key Benefits for Belmont Student-Athletes:
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Immediate Access: Student-athletes receive instant access to NIL payments sent from other Wallet accounts, with no platform fees.
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Modern Digital Banking: Wallet features secure, FDIC-insured checking accounts with routing and account numbers, alongside a high-yield account to grow savings by earning interest.
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Flexible Spending: Funds can be spent seamlessly using a physical Visa Debit card, or by adding it to Apple Wallet and Google Wallet.
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Automated Tax Reserves: To help student-athletes stay ahead of their tax obligations, the platform automatically sets aside a percentage of NIL earnings into a separate Tax Reserves account.
For international student-athletes, Teamworks can serve as a withholding agent, calculating the correct federal withholding rate at payment and remitting it to the IRS. For U.S. athletes, Wallet empowers athletes to automatically set aside a portion of NIL earnings in a Tax Reserves account. Teamworks also handles year-end 1099 reporting for domestic athletes and 1042-S reporting for non-US athletes.
Learn more about Teamworks GM and Wallet. Â
