CavFutures
Virginia · active
Sourced · 2
Called by UVA's compliance NIL page the official NIL Collective of the University of Virginia; UVA's FAQ points supporters to the Cav Futures Foundation.
Verified Nov 1, 2026Website ↗
NIL law in force
Virginia NIL law
Last verified Oct 31, 2026
At a glance
NIL law
- Citation
- Va. Code § 23.1-408.1 Original bill: Not verified (Drake cites HB 300, eff. July 1, 2024)
- Enacted / effective
- Effective July 1, 2024 per Drake
Key provisions (as summarized by sources)
School direct pay / facilitation: Allowed (HB 1505) Revenue sharing: Allowed Disclosure: As the school designates Agent rules: Representation allowed NCAA-enforcement / liability shield: NCAA may not punish schools or athletes for school-paid NIL
Amendments and history
HB 1505 (Apr. 2024): schools may pay athletes directly; NCAA may not punish HB 971 (2026): athlete biometric-data protections (AAL)
Verification note
cross-checked
Sources (3)
Last verified Oct 31, 2026
Not legal advice. Read the statute or consult a licensed attorney. Report a correction.
Virginia NIL questions
Does Virginia have an NIL law?
Virginia NIL law status: NIL law in force (NIL law). Citation: Va. Code § 23.1-408.1. Dates: Effective July 1, 2024 per Drake. Not legal advice.
Which FBS schools in Virginia does NILList cover?
NILList covers 5 FBS schools in Virginia: James Madison University, Liberty University, Old Dominion University, University of Virginia and Virginia Tech.
How many NIL collectives does NILList list in Virginia?
NILList lists 5 NIL collectives serving FBS schools in Virginia: CavFutures, Montpelier Collective, Pride of ODU, The Hokie Way and Triumph NIL.
What sources back this Virginia NIL law summary?
NILList bases this Virginia summary on College Football Business state NIL law table (Oct 2026), The Drake Group Education Fund and Athlete Agent Labs, last verified Oct 31, 2026.
Schools in Virginia
Collectives in Virginia
Montpelier Collective
James Madison · active
Needs verification
JMU NIL collective launched May 2023, operating independently of JMU Athletics as a nonprofit, per a 2024 JMU release.
Verified Nov 1, 2026
Pride of ODU
Old Dominion · unknown
Needs verification
Formed Nov. 2023 by alumni; ODU said in Nov. 2025 that ODAF and ODU Athletics were changing how they work with it.
Verified Nov 1, 2026
The Hokie Way
Virginia Tech · active
Sourced · 4
Listed on Virginia Tech's NIL pages as a 501(c)(3) connecting athletes' charitable work with their NIL.
Verified Nov 1, 2026
Triumph NIL
Virginia Tech · active
Sourced · 1
Listed on Virginia Tech's NIL pages as a subscription-based service connecting Tech fans and businesses with Hokie athletes.
Verified Nov 1, 2026