EAST LANSING, Mich. (AP) — A suburban Detroit mortgage company led by a former Michigan State basketball player will pay $500 a month to all basketball and football players at his alma mater.
The sponsorship by Mat Ishbia and United Wholesale Mortgage will provide more than 130 athletes with $6,000 a year.
The NCAA in July said athletes could be paid for their name, image or likeness.
Ishbia was a walk-on who was a member of Michigan State’s 2000 national championship basketball team.
In February, Ishbia announced a $32 million donation to MSU’s athletic program.