to subparagraph (A). (4) Institution of higher education agreements with third parties In conjunction with an endorsement contract of a college athlete enrolled at a particular institution of higher education, such institution of higher education may enter into a separate agreement with the third party concerned for the intellectual property rights or the name, image, likeness, or athletic reputation rights of the institution of higher education, including the use of the logos and team uniforms of the institution of higher education, if— (A) the third party provides directly to the college athlete concerned covered compensation pursuant to the endorsement contract