Amid Nick Dunlap’s $1.5M Loss, Exploring His NIL Deal

Nick Dunlap’s 2024 AmEx win is one for the history books! The amateur golfer joined the ranks of Phil Mickelson by winning the PGA Tour event. While he is being showered with glory for grabbing the title, the prize money for the event still eludes him.

The biggest barrier between him and the prize money is his amateur status. The 20-year-old is still to turn professional, which means he will not be getting an option to cash his $1.5 million prize. However, he will be getting a NIL agreement and other perks for his win.

All about Nick Dunlap’s NIL deals

After an exciting matchup in the final round, Dunlap won the 2024 AmEx title. But his $1.5 million winner’s check went straight to the runner-up, Christiaan Bezuidenhout. However, the amateur golfer will be getting multiple perks that will facilitate him in the future. Thanks to the 2021 NIL agreement, Dunlap will receive some rewards.

Fans would have spotted Nick Dunlap donning the three-strip apparel. This is due to the fact that Adidas has made him their brand ambassador via the NIL deal. The amateur golfer also wears the three stripes in many of his social media posts. Additionally, True Temper has also shaken hands with the 20-year-old.

This NIL agreement is the biggest source of revenue for amateur golfers. In this case, a contract is made between a student-athlete and an external party. Amateur golfers are paid for using their name, image, and likeness when they play in events. With two prominent golf brands backing Dunlap early in his career, it is speculated that his current net worth is around $500,000. With his recent PGA Tour victory, it is confirmed that he will be getting more deals from companies and boosting his net worth.

What other perks has Dunlap attained?

Apart from the NIL deals, the 20-year-old has other perks to look out for. By clinching the 2024 AmEx title, Nick Dunlap has received an invite to play in a Masters tournament. Furthermore, he has earned a PGA Tour membership card valid through 2026.

Read More: ‘I’ve Enjoyed’: Nick Dunlap Shows No Concern for the ‘Amateur Curse’, Blissfully Ignores Typical Newbie WorriesThis will benefit him when he decides to turn pro. Moreover, if he turns pro, he would also be exempted from two of the majors in 2024: the Masters and the PGA Championship. Furthermore, he can also compete at The Sentry next year.

However, the 20-year-old will gain bigger benefits once he turns pro. And with him walking in the footsteps of Tiger Woods, fans would watch his professional career keenly.

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