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

        Alchemy Sandbox winners are walking away with more than their $5K prizes, founders say

        By Tommy Felts | November 24, 2023

        The latest round of Alchemy Sandbox competitors showcased the perseverance and resilience entrepreneurs need to be successful in the long run, said Charon Thompson, announcing five winners of the small business pitch competition. “Businesses that continue to do well stay ready so they don’t have to get ready,” said Thompson, co-founder of The Porter House,…

        Laya Center expands with ‘Herban’ product line; earns top 50 honors from Square

        By Tommy Felts | November 24, 2023

        Toyia Mays’ customers feel “like a weight has been lifted off their shoulders,” the co-owner of Crossroads-based The Laya Center said, noting the brand’s physical space and its new Herban product line leave people feeling welcome and at home. “Most people when they walk in the door, they verbally express it but you can just…

        Shop Small: 5 gifts supporting creators of color in Kansas City

        By Tommy Felts | November 24, 2023

        Editor’s note: This feature is the fourth in Startland News’ five-part holiday gift guide — presented in 2023 by nbkc bank — showcasing Kansas City makers and their products. Check out the featured maker below, then keep reading for five gift ideas to get started. Embracing one’s roots is at the core of ParaMi’s identity,…

        This Wichita program is helping KC startups connect the dots to corporate partners

        By Tommy Felts | November 22, 2023

        WICHITA — An eight-week program targeting knowledge and access gaps between emerging startups and enterprise companies helped boost a trio of Kansas City ventures whose founders are now eying new customers and partners as they scale. The 2023 NXTSTAGE Enterprise Engagement Series — an initiative of Wichita-based NXTUS — wrapped its latest cohort during Wichita Startup…