On this episode of the podcast presented by FanDuel, Brad Heinrichs explains that The Swarm collective is shutting down because NIL rules changed last July, requiring deals over $600 to go through the NIL Go clearinghouse, creating long approval delays, reduced payouts, and eligibility risk if athletes are paid before approval. He outlines how Iowa’s $21M rev-share cap works, why above-the-cap money may increasingly flow through marketing arms like Learfield, and how Iowa’s Flight Funds differs by supporting under-the-cap payments with tax-deductible donations. The group discusses how individual NIL can still happen, with publicly traded companies like Apple bypassing NIL Go, and touches on Iowa’s quarterback battle and early betting lines, while reflecting on Swarm’s workload, recruiting pressures, and proposed fixes like multi-year player contracts.

If you love the show and want to show support, tell your friends! And, check out our exclusive content at Patreon.com/washedupwalkons where you can find extra podcast episodes, exclusive merchandise, Merch discounts with every tier, private Walkon discord channel access, and more!

Find us on social media @washedupwalkons

Visit TheWashedUpWalkons.com for all of our episodes, merchandise, and more!

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.