The NLI is binding with the institution, not the coach _ If the coach leaves the institution (voluntarily or not) the provisions of the NLI remain in effect. The NLI does NOT guarantee a spot on the team _ The NLI only guarantees that athletic aid will be awarded for one academic year. All decisions on rosters and playing time are rendered by the coaching staff at the institution.
A letter of intent or LOI can be used in many different circumstances and is an outline of an agreement between two or more parties before it is finalized. These letters of intent spell out all the particulars so that each company or party entering into the agreement has a better understanding of what is involved. Letters of intent are used in many different faucets of the business world and are similar to a written contract only not as binding. A letter of intent is exactly how it sounds; it is a letter that is stating an intended purpose.