University of Michigan athletic director Warde Manuel put out a statement in December, an NIL (name, image, likeness) update on collectives.
Hear from Athletic Director Warde Manuel as he gives an NIL Update on Collectives u303dufe0f
» https://t.co/YUVPMoPK1a | #GoBlue pic.twitter.com/4MNxIsshty— Michigan Athletics u303dufe0f (@UMichAthletics) December 23, 2022The update has been revised and now includes an emerging NIL non-profit, Hail! Impact. The initiative aims to provide stipends of up to $40,000 for Michigan football players. The stipend will include the players doing 24 hours of community service and attending various educational seminars.