BYU Athletics has landed what it is calling the largest philanthropic commitment in its history, thanks to a new long-term partnership with PV3 Enterprises that blends money for football facilities with a custom NIL platform for more than 40 current student-athletes.
The agreement gives BYU football a major boost on two fronts: a substantial investment in facilities and a name, image and likeness initiative built around PV3’s network of businesses. The deal is designed to create business opportunities for players now while also setting them up for life after football.
Kalani Sitake said the arrangement goes beyond simple sponsorship or one-off deals.
“We are really grateful for the PV3 team and the level of commitment that they’ve shown to BYU Football,” said Kalani Sitake, BYU head football coach. “Mark and Jason and their team are about providing a transformational opportunity to our players, not just transactional deals, and doing things the right way. We want to give our players every opportunity to succeed while they’re here and into their futures, and PV3 is really helping us accomplish that.”
PV3 principals Mark Hancock and Jason Murray have been supporting BYU Athletics for years, and this partnership expands that relationship into a broader effort tied to philanthropy, mentoring and business development. The goal, according to the announcement, is to create a sustainable competitive advantage for BYU football while also delivering long-term benefits to student-athletes off the field.
The NIL side of the partnership will focus mainly on matching BYU football players with endorsement opportunities across PV3’s businesses. That list includes ENVE Composites, Seven Brothers Burgers, Round Valley Golf, Pica Rica BBQ, Red 7 Marketing, 83rd Marketplace and the newly rebranded Utah Motorsports Park, West Desert.
PV3 will also have visible branding inside the football program. One of the biggest pieces of that arrangement is the playing surface at LaVell Edwards Stadium, which will be named “PV3 Field,” along with other integrated branding placements.
Mark Hancock, a BYU alumnus who earned a bachelor’s degree in 1999 and an MBA from the BYU Marriott School of Business in 2001, said the company sees the partnership as a long-term investment in the school and its players.
“We believe deeply in the mission of BYU and the impact its football program has on young men, the university and Cougar fans around the world,” said Mark Hancock, principal of PV3 and a BYU alumnus who earned a bachelor’s degree in 1999 and an MBA from the BYU Marriott School of Business in 2001. “This partnership reflects our long-term commitment to helping BYU football succeed, not just today, but for generations to come.”
Jason Murray framed the deal as more than a checkbook arrangement, pointing to the business relationships the platform can create for players.
“This partnership is about far more than a financial contribution,” said Jason Murray, principal PV3 Enterprises. “We’re bringing the full strength of the PV3 platform by connecting student-athletes with meaningful business opportunities across our portfolio and creating relationships that can continue long after their playing careers are over.”
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The most visible change will be at LaVell Edwards Stadium, where the playing surface will now be known as PV3 Field. Beyond the naming rights, athletes are set to gain access to mentoring, business partnerships and endorsement opportunities through PV3s portfolio, with principals Mark Hancock and Jason Murray framing the agreement as a long-term commitment to BYU football and its future. [Read more 🡒]