5430 Alliance
Colorado · inactive
Needs verification
Colorado NIL collective that partnered with CU Athletics in March 2024. CU says it has since brought collective responsibilities in-house.
Verified Nov 1, 2026
NIL law in force
Colorado NIL law
Last verified Nov 1, 2026
At a glance
NIL law
- Citation
- Colo. Rev. Stat. § 23-16-301. Original bill: SB 20-123; amended by HB 25-1041
- Enacted / effective
- Enacted 2020 Effective July 1, 2021
Key provisions (as summarized by sources)
School direct pay / facilitation: Allowed (HB 25-1041) Revenue sharing: Schools may pay athletes directly; annual aggregate NIL spending report by gender and sport (AAL) Disclosure: Athletes not required to publicly disclose contracts Agent rules: Representation allowed; attorneys must be licensed Confidentiality / records: NIL contracts and related communications exempt from the Colorado Open Records Act
Amendments and history
HB 21-1328 (2021) HB 25-1041 (signed 2025; eff. Aug. 6, 2025 per Drake)
Verification note
Resolved from the Colorado General Assembly: SB 20-123 is the original law; HB 25-1041 (2025) lets institutions and athletic associations compensate athletes for NIL, requires a parent or guardian for minors, and requires annual spending reports from Jan. 15, 2026.
Sources (5)
Last verified Nov 1, 2026
Not legal advice. Read the statute or consult a licensed attorney. Report a correction.
Colorado NIL questions
Does Colorado have an NIL law?
Colorado NIL law status: NIL law in force (NIL law). Citation: Colo. Rev. Stat. § 23-16-301.. Dates: Enacted 2020 Effective July 1, 2021. Not legal advice.
Which FBS schools in Colorado does NILList cover?
NILList covers 3 FBS schools in Colorado: United States Air Force Academy, University of Colorado Boulder and Colorado State University.
How many NIL collectives does NILList list in Colorado?
NILList lists 2 NIL collectives serving FBS schools in Colorado: 5430 Alliance and The Green and Gold Guard.
What sources back this Colorado NIL law summary?
NILList bases this Colorado summary on Colorado General Assembly, SB20-123, Colorado session law, HB25-1041, College Football Business state NIL law table (Oct 2026), The Drake Group Education Fund and Athlete Agent Labs, last verified Nov 1, 2026.
Schools in Colorado
Collectives in Colorado
The Green and Gold Guard
Colorado State · active
Needs verification
Called the official collective of Colorado State Athletics in a March 2024 CSU release.
Verified Nov 1, 2026