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Michigan State Football, Men's Basketball Reach NIL Deal

Michigan State football and men's basketball players will make a $500 monthly stipend from United Wholesale Mortgage.

Former Michigan State basketball walk-on Mat Ishbia is the gift that keeps on giving for Michigan State Athletics fans.

Ishbia leads United Wholesale Mortgage, a top wholesale mortgage lender over the past half decade. Ishbia announced the program will sponsor MSU football and men's basketball players and will pay them $500 per month during the duration of their playing career at Michigan State in exchange for the athletes promoting UWM on their social media pages and getting the word out about home-lending options.

Ishbia donated a record $32 million to MSU athletics earlier this year in February but this is a separate effort from Ishbia and UWM.

Ishbia was a walk-on to the Michigan State basketball team for three seasons where he was apart of the national champion Michigan State team in 2000.