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

        Family serves tender tradition at Kitty’s Cafe with KC’s most famous pork sandwich

        By Tommy Felts | September 5, 2023

        Nestled along 31st Street between Kansas City’s Midtown and east side neighborhoods, Kitty’s Cafe has become a cherished symbol of timeless comfort recipes and enduring family heritage, said Jenna Soulivong. It’s word-of-mouth popularity spread largely from Kitty’s pork tenderloin sandwich — a menu item that that earned the restaurant recognition from The New York Times…

        Your anxiety at work might not have a specific ‘trigger’: Why ignoring it will just bring more stress

        By Tommy Felts | September 4, 2023

        Kharissa Parker is a news producer, writer, certified health coach, and “Holistic Hustle” columnist for Startland News. The opinions expressed in this commentary are the author’s alone. For more of her self-care tips on how to keep your cup full, visit kparker.co. Seventy-two percent of people experience stress to the extent that it interferes with…

        Headline-grabbing entrepreneurs join ScaleUP! KC on their way to ‘that next tier’

        By Tommy Felts | September 4, 2023

        Twenty of Kansas City’s most promising young companies — including the KC Chamber’s “Emerging Business of the Year” — are among the latest cohort of ScaleUP! Kansas City, the metro’s longest running program for growth-minded entrepreneurs with scaling businesses. ScaleUP! Kansas City companies receive coaching, perspective and connections to scale, create new jobs, open new…

        Kansas City startup among leading fintech finalists in NXTSTAGE competition

        By Tommy Felts | September 4, 2023

        An AI-infused startup led by Kansas City serial founder Jannae Gammage is poised to compete against seven other finalists in this fall’s NXTSTAGE innovation showcase in Wichita. Foresight — a fintech platform that aims to open funding opportunities for underserved borrowers by assessing credit risk, fraud and biases — was selected as finalist for the…