Cherry enters the endorsement game, scoring NIL deals that also boost female college athletes

January 3, 2023  |  Nikki Overfelt Chifalu

S’mya Nichols, KU-bound Shawnee Mission West athlete

Partnering with college athletes is a natural elevation of sports apparel company Cherry Co., said Thalia Cherry.

The KC-based brand signed agreements with 18 athletes for NIL (name, image, likeness) endorsement deals, shared Cherry, founder and CEO.

Thalia Cherry, Cherry Co.

“It’s a perfect alignment,” she continued. “We were already working with professional athletes in some capacity. So when the NIL opportunities came available and the restructuring of the policy it was just a win-win for us.

“We really focus on building and elevating athletes through our product, so it was a natural fit.”

In June 2021, according to the NCAA, the governing body of college athletics adopted an interim policy that allows college athletes the opportunity to profit from the use of their name, image, and likeness — although state laws must be followed.

Cherry — who received the KC Innovator Award from Junior Achievement in 2021 and was named to the EBONY Power 100 List in 2020 as a community crusader — said Cherry already has partnered with female and male student athletes at such schools as the University of Kansas, Kansas State University, the University of Missouri, and the University of South Carolina.

Click here to shop new arrivals from Cherry Co.

With a woman-owned company and as a former college athlete herself, Cherry added, she is especially passionate about elevating female athletes. She played volleyball and softball at Bethany College in Kansas.

“I wish it was there and available when I was an athlete,” she said. “I read a white paper early on — when NIL was even in the preliminary stages — which I thought was pretty interesting. It (predicted) that, for female athletes, there will be more equity than any other time within the sports realm.”

According to Opendorse, a NIL technology company, women’s basketball is ranked third behind football and men’s basketball in the top sports by NIL compensation.

Two of Cherry Co.’s major deals with athletes include S’mya Nichols, a five-star basketball player at Shawnee Mission West who has committed to KU, and Serena Sundell, a K-State basketball player from Maryville, Missouri.

“Male athletes are still (entering contracts where) the dollar amount is larger, but more females are receiving opportunities than males,” Cherry added. “I think it’s gonna be intriguing to see some full data because it’s still in the early stages. (Will) it really, truly prove that the White Paper was accurate – that this will create equity for female athletes? … I think it’s gonna be intriguing to see where this all lands. It’s just beginning.”

The NIL partnerships provide female athletes — no matter their sport — an opportunity to pursue their dreams of elevating their own personal brands, Cherry noted. But she sees potential that goes beyond athletics, such as leveraging their resources and network to make connections for athletes in certain career fields.

“Just what really sets us apart is that we really work on developing the whole person and really helping to elevate their goals and aspirations and dreams beyond the sport,” she continued. “I’ve been around the industry long enough to know that that is uniquely different than other companies. Because we really care about them and what their goals and aspirations are.”

On top of benefiting college athletes, Cherry said, NIL partnerships can also benefit smaller sports brands like Cherry Co., which currently sells merchandise at the Made in KC Plaza and Lenexa locations, Halls at Crown Center, and online.

“I think it also gives the opportunity for businesses that are not on the scale of a Nike or Adidas to really enter into the market to really expand their brand,” she added.

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

Tagged , , ,
Featured Business
    Featured Founder

      2023 Startups to Watch

        stats here

        Related Posts on Startland News

        KC Black Owned’s fall summit returns this weekend with corporate backing, tools for Black entrepreneurs

        By Tommy Felts | September 18, 2024

        A summit planned for Saturday at the Kansas City Convention Center aims to inspire Black business owners and equip them with the resources, strategies, and connections needed to thrive in today’s competitive marketplace.  The Global Strategies Summit for Market Innovators — organized by KC Black Owned — is deeply rooted in its founder’s drive to…

        This Midtown pizza shop sliced through challenges, topping years of popup work with grand opening

        By Tommy Felts | September 18, 2024

        Orange By: Devoured — the flagship pizza shop from Jhy Coulter — is finally ready for the public, she said, after enduring years of pop-ups to keep the dream alive, renovations, and the closure of business lending platform Mainvest that took founders by surprise.  “I am tired — I’m exhausted,” Coulter said with a laugh,…

        Exited founders: Face the tough conversations first; avoid a messy post-honeymoon breakup

        By Tommy Felts | September 17, 2024

        Preparing for an exit begins with co-founder alignment at the startup’s launch, three veteran Kansas City founders agreed. “You are getting married to your founders,” explained Tony Caudill, who co-founded two tech startups with his best friend — including aware3, which was acquired in 2018 by Nelnet. “Just like when you find your mate of…

        Hy-Vee’s small biz competition sends Midwest entrepreneurs racing for $50K checkout; Here are the winners

        By Tommy Felts | September 13, 2024

        BaKIT Box, a Chicago-based subscription service offering baking kits inspired by diverse global cuisines, took home the $30,000 grand prize at the 2024 Hy-Vee OpportUNITY Inclusive Business Summit.  Shelley Gupta, the founder and CEO of BaKIT Box, was thrilled to receive the grand prize, she said. “It feels incredible,” Gupta said. “I flew here last…