New Phoenix Suns and Mercury owner and former Michigan State Spartan Mat Ishbia and his company United Wholesale Mortgage will no longer be providing NIL compensation to all MSU football, men’s basketball, and volleyball players once June expires.

The reasoning for the decision was due to Ishbia purchasing the Suns and Mercury.

Announced in 2021, the NIL program gave MSU football, men’s basketball, and volleyball players up to $700 each month. The volleyball players started getting paid last fall as part of the program’s expansion.