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Michigan State football, basketball players to get $6,000

The sponsorship by Mat Ishbia and United Wholesale Mortgage will provide more than 130 athletes with $6,000 a year.

EAST LANSING, Mich. — 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.

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