Mar 29: 4-star QB Brady Smigiels NIL deal with Four Arm Fund puts financial security in spotlight
Article by: Logan Newman
Four-star California high school quarterback Brady Smigiel is taking an untraditional approach with his new name, image and likeness (NIL) deal: The money goes straight into an investment account.
Smigiel and Four Arm Fund announced the deal on March 18 in a press release stating that the firm will place the money directly into an investment account, which it will manage through a combination of investments, including stocks, ETFs, cryptocurrency, and commodities.
The company confirmed this is a five-figure NIL deal through its public relations partner.
“Our relationship with Brady Smigiel exemplifies the Four Arm Fund mission, bringing innovative models and financial management structures to elite-student athletes interested in planning their future,” Kevin Logan, Managing Partner at Four Arm Fund, said in a statement. “We are excited to work with Brady on investment and business opportunities that extend beyond the game.”
The company stated there will be a minimum age of 21 before he can withdraw funds. Smigiel turned 18 in October, according to the Ventura County Star.
“For me, it’s always been about the game. My focus is on becoming the best — that’s the main goal. The money will come with it; if I can set myself up for success later in life, I’m all in,” Smigiel said in a statement.
