SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 19,508
|
Post by SSHoya on Apr 23, 2022 17:50:50 GMT -5
|
|
iowa80
Golden Hoya (over 1000 posts)
Posts: 2,407 
|
Post by iowa80 on Apr 23, 2022 18:12:08 GMT -5
|
|
DanMcQ
Moderator 
Posts: 33,007
|
Post by DanMcQ on Apr 23, 2022 18:52:49 GMT -5
DFW was actually in the room. |
|
DFW HOYA
Platinum Hoya (over 5000 posts)
Posts: 5,934
|
Post by DFW HOYA on Apr 23, 2022 19:07:54 GMT -5
Hilltop Hoops often uses sourced material, so let me provide a first hand report on that meeting, since I was there. I can quibble with the source's claims of attendance (closer to 60 than 25) or "comprised mainly of large donors" (not the case) but that's another discussion. Two points: 1. Paul Tagliabue, not Lee Reed, had the most to say on the issue in this meeting. Given his experience on the intersection of sports and money in network TV deals, he can speak from experience that there is a corrosive effect. I do not recall, as the source said, that Tagliabue "hates" NIL, but he expressed concern that schools are using NIL as a condition precedent to attend a school, or pay-for-play. 2. Lee Reed is a smart man and he would never call out a player of another school by name, as Aiden's source suggested. While Tshiebwe may have been the example, no athletic director would call out a name in public like that. The source also questioned Tshiebwe's dealings "based on Reed’s interpretation of the current rules" but it's not Reed's to interpret. The Department of State is very clear about this: if you are on an F-1 student visa, you cannot earn income for work off campus. Kentucky is betting they can skate past the federal government by claiming it's "passive income" and thus Tshiebwe is not actually doing anything to get this money. Being a foreign national on an educational visa complicates this discussion. Georgetown's NIL program is a post-admission program, but some on the Internet hope or expect it to be a pre-admission tool, which it won't be. The reason it's not taking off to some expectations is, in no small part, the name, image and likeness of any of GU's 800 student athletes is not a particularly big deal in the local economy as it might be in Lexington, KY or Tuscaloosa, AL. Georgetown does not have the corporate base in athletics to be giving NIL inducements to players of any sport, and given the visibility of the University within the NCAA and in higher education, the University would oppose this strongly. Georgetown is not a Kentucky or an Alabama and has never been. To think otherwise is not realistic given where this program and this University is. |
|
iowa80
Golden Hoya (over 1000 posts)
Posts: 2,407
|
Post by iowa80 on Apr 23, 2022 20:06:25 GMT -5
Hilltop Hoops often uses sourced material, so let me provide a first hand report on that meeting, since I was there. I can quibble with the source's claims of attendance (closer to 60 than 25) or "comprised mainly of large donors" (not the case) but that's another discussion. Two points: 1. Paul Tagliabue, not Lee Reed, had the most to say on the issue in this meeting. Given his experience on the intersection of sports and money in network TV deals, he can speak from experience that there is a corrosive effect. I do not recall, as the source said, that Tagliabue "hates" NIL, but he expressed concern that schools are using NIL as a condition precedent to attend a school, or pay-for-play. 2. Lee Reed is a smart man and he would never call out a player of another school by name, as Aiden's source suggested. While Tshiebwe may have been the example, no athletic director would call out a name in public like that. The source also questioned Tshiebwe's dealings "based on Reed’s interpretation of the current rules" but it's not Reed's to interpret. The Department of State is very clear about this: if you are on an F-1 student visa, you cannot earn income for work off campus. Kentucky is betting they can skate past the federal government by claiming it's "passive income" and thus Tshiebwe is not actually doing anything to get this money. Being a foreign national on an educational visa complicates this discussion. Georgetown's NIL program is a post-admission program, but some on the Internet hope or expect it to be a pre-admission tool, which it won't be. The reason it's not taking off to some expectations is, in no small part, the name, image and likeness of any of GU's 800 student athletes is not a particularly big deal in the local economy as it might be in Lexington, KY or Tuscaloosa, AL. Georgetown does not have the corporate base in athletics to be giving NIL inducements to players of any sport, and given the visibility of the University within the NCAA and in higher education, the University would oppose this strongly. Georgetown is not a Kentucky or an Alabama and has never been. To think otherwise is not realistic given where this program and this University is. As was noted further above, the large, mostly state universities (football schools, if you will) have an overwhelming advantage here. But I'm still interested in the pre-admission v. post-admission issue. It goes to my earlier question about how the sponsor could possible know that a junior transferring from Kansas St. would have a NIL "value" of $800,000, and how that could not be seen as "pay for play." Can we assume that this type of "pre-admission" is still OK and that Georgetown, perhaps rightly, has chosen not to play that game? |
|
hoyaboya
Blue & Gray (over 10,000 posts)
Posts: 12,750
|
Post by hoyaboya on Apr 24, 2022 15:43:22 GMT -5
"Miami businessman John Ruiz has been making headlines after announcing he intends to dedicate $10 million to NIL deals. So far, he’s signed 54 Miami and FIU student athletes in football, baseball, volleyball, swimming and golf to $1.5 million in deals. We’re tracking the deals in the table below... Nijel Pack, Miami, MBB, Guard, 24 months, $800,000 plus car" businessofcollegesports.com/name-image-likeness/tracking-lifewallets-mission-to-sign-10-million-in-nil-deals/ |
|
|
|
Post by professorhoya on Apr 24, 2022 17:59:12 GMT -5
"Miami businessman John Ruiz has been making headlines after announcing he intends to dedicate $10 million to NIL deals. So far, he’s signed 54 Miami and FIU student athletes in football, baseball, volleyball, swimming and golf to $1.5 million in deals. We’re tracking the deals in the table below... Nijel Pack, Miami, MBB, Guard, 24 months, $800,000 plus car" businessofcollegesports.com/name-image-likeness/tracking-lifewallets-mission-to-sign-10-million-in-nil-deals/24 months? So it’s a two year deal? How does that even work |
|
DanMcQ
Moderator
Posts: 33,007
|
Post by DanMcQ on Apr 26, 2022 17:35:17 GMT -5
|
|
Bigs"R"Us
Platinum Hoya (over 5000 posts)
Posts: 6,658
|
Post by Bigs"R"Us on Apr 26, 2022 18:13:34 GMT -5
Hand out a lot of cash, call it NIL and plead ignorance.
|
|
HoyaDr
Silver Hoya (over 500 posts)
Posts: 616
|
Post by HoyaDr on Apr 26, 2022 18:32:39 GMT -5
Hand out a lot of cash, call it NIL and plead ignorance. It's the new wave, let's ride. |
|
|
|
Post by hoyasaxa2003 on Apr 26, 2022 20:08:24 GMT -5
"Miami businessman John Ruiz has been making headlines after announcing he intends to dedicate $10 million to NIL deals. So far, he’s signed 54 Miami and FIU student athletes in football, baseball, volleyball, swimming and golf to $1.5 million in deals. We’re tracking the deals in the table below... Nijel Pack, Miami, MBB, Guard, 24 months, $800,000 plus car" businessofcollegesports.com/name-image-likeness/tracking-lifewallets-mission-to-sign-10-million-in-nil-deals/24 months? So it’s a two year deal? How does that even work This is a good example of why NIL is stupid. You don't have these rich donors giving players money for the value of their name, image, and likeness because the guys' name, image, and likeness is worth that amount of money, it's because the rich donors want their teams to win. The NIL system has unwittingly created a way for rich alumni to essentially take control of football and basketball programs by bankrolling a roster. It's massively unfair and a bad system, even if it's good for the players who get the money. These NIL deals are not an example of "Joe Smith is a great player, so I want him to endorse my car dealership," or whatever other business. This is not Michael Jordan selling sneakers because he's Michael Jordan. Rather, it's throwing money at kids to win, in exchange for their "NIL" even though that's not really why the deals are being made. They are being made to pay kids off. That's why most of these deals are from big state schools, with wealthy alumni willing to throw money around to land players. It has no relationship to the actual value of their name, image, or likeness. That's why the football schools are flush with money for NIL, and Big East schools--without the huge alumni base and wealthy donors--are not. Of course, I am not insinuating these deals are illegal under the rules. They probably are legal. The rules just stink. |
|
hoyaboya
Blue & Gray (over 10,000 posts)
Posts: 12,750
|
Post by hoyaboya on Apr 26, 2022 20:33:10 GMT -5
24 months? So it’s a two year deal? How does that even work This is a good example of why NIL is stupid. You don't have these rich donors giving players money for the value of their name, image, and likeness because the guys' name, image, and likeness is worth that amount of money, it's because the rich donors want their teams to win. The NIL system has unwittingly created a way for rich alumni to essentially take control of football and basketball programs by bankrolling a roster. It's massively unfair and a bad system, even if it's good for the players who get the money. These NIL deals are not an example of "Joe Smith is a great player, so I want him to endorse my car dealership," or whatever other business. This is not Michael Jordan selling sneakers because he's Michael Jordan. Rather, it's throwing money at kids to win, in exchange for their "NIL" even though that's not really why the deals are being made. They are being made to pay kids off. That's why most of these deals are from big state schools, with wealthy alumni willing to throw money around to land players. It has no relationship to the actual value of their name, image, or likeness. That's why the football schools are flush with money for NIL, and Big East schools--without the huge alumni base and wealthy donors--are not. Of course, I am not insinuating these deals are illegal under the rules. They probably are legal. The rules just stink. University of Miami is a private school with an undergraduate enrollment of ~11,000 which isn’t that much more than Georgetown. |
|
hoyaboya
Blue & Gray (over 10,000 posts)
Posts: 12,750
|
Post by hoyaboya on Apr 26, 2022 20:33:59 GMT -5
Hand out a lot of cash, call it NIL and plead ignorance. That certainly appears to be the strategy. |
|
Bigs"R"Us
Platinum Hoya (over 5000 posts)
Posts: 6,658
|
Post by Bigs"R"Us on Apr 26, 2022 20:55:17 GMT -5
Get Leonsis to purchase GU a competitive roster of local recruits to fill his arena. A win-win!
|
|
prhoya
Blue & Gray (over 10,000 posts)
Posts: 23,640
|
Post by prhoya on Apr 26, 2022 21:26:03 GMT -5
Get Leonsis to purchase GU a competitive roster of local recruits to fill his arena. A win-win! Like! |
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 19,508
|
Post by SSHoya on Apr 26, 2022 21:34:45 GMT -5
Get Leonsis to purchase GU a competitive roster of local recruits to fill his arena. A win-win! Like! He's supposedly in the mix to purchase the Washington Nationals from the Lerners. I think he has bigger fish to fry. According to MLB insiders, the buzz is that David Rubenstein and Ted Leonsis are going to team up to make a bid for the Washington Nationals, owned by the Lerner family. Rubenstein is one of three billionaire founders of private-equity firm Carlyle Group CG -6% and has a net worth of $4.1 billion, according to Forbes. Leonsis, who has a net worth of $1.6 billion, is the founder, majority owner and CEO of Monumental Sports & Entertainment, one of the world’s most valuable sports empires. www.forbes.com/sites/mikeozanian/2022/04/14/rubenstein-and-leonsis-mulling-purchase-of-washington-nationals/?sh=626fa7d5634b |
|
hoyaboya
Blue & Gray (over 10,000 posts)
Posts: 12,750
|
Post by hoyaboya on Apr 26, 2022 21:36:28 GMT -5
Get Leonsis to purchase GU a competitive roster of local recruits to fill his arena. A win-win! Like! I would think somebody like Leonsis would support a serious NIL push once Ewing and Ronnie Thompson are gone. Until then, you’re just throwing good money after bad. |
|
|
|
Post by practice on Apr 26, 2022 21:41:15 GMT -5
Get Leonsis to purchase GU a competitive roster of local recruits to fill his arena. A win-win! This is a great idea. A monumental idea. Money well spent. Fill the arena and open up all those closed concessions. |
|
iowa80
Golden Hoya (over 1000 posts)
Posts: 2,407
|
Post by iowa80 on Apr 26, 2022 22:41:32 GMT -5
This is a good example of why NIL is stupid. You don't have these rich donors giving players money for the value of their name, image, and likeness because the guys' name, image, and likeness is worth that amount of money, it's because the rich donors want their teams to win. The NIL system has unwittingly created a way for rich alumni to essentially take control of football and basketball programs by bankrolling a roster. It's massively unfair and a bad system, even if it's good for the players who get the money. These NIL deals are not an example of "Joe Smith is a great player, so I want him to endorse my car dealership," or whatever other business. This is not Michael Jordan selling sneakers because he's Michael Jordan. Rather, it's throwing money at kids to win, in exchange for their "NIL" even though that's not really why the deals are being made. They are being made to pay kids off. That's why most of these deals are from big state schools, with wealthy alumni willing to throw money around to land players. It has no relationship to the actual value of their name, image, or likeness. That's why the football schools are flush with money for NIL, and Big East schools--without the huge alumni base and wealthy donors--are not. Of course, I am not insinuating these deals are illegal under the rules. They probably are legal. The rules just stink. University of Miami is a private school with an undergraduate enrollment of ~11,000 which isn’t that much more than Georgetown. I suspect you know that’s not a complete picture about the role of sports at “the U.” |
|
TC
Platinum Hoya (over 5000 posts)
Posts: 9,480
|
Post by TC on Apr 27, 2022 5:12:41 GMT -5
These NIL deals are not an example of "Joe Smith is a great player, so I want him to endorse my car dealership," or whatever other business. This is not Michael Jordan selling sneakers because he's Michael Jordan. Rather, it's throwing money at kids to win, in exchange for their "NIL" even though that's not really why the deals are being made. They are being made to pay kids off. That's why most of these deals are from big state schools, with wealthy alumni willing to throw money around to land players. It has no relationship to the actual value of their name, image, or likeness. That's why the football schools are flush with money for NIL, and Big East schools--without the huge alumni base and wealthy donors--are not. Of course, I am not insinuating these deals are illegal under the rules. They probably are legal. The rules just stink. When you say "the rules just stink" - for whom do they stink? Doesn't seem like they stink for the athletes. |
|
