seaweed
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Post by seaweed on Apr 27, 2022 5:55:36 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. 50%. It’s fifty percent larger. Says a lot about your analytical prowess that a fifty percent increase is considered no big deal.
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Bigs"R"Us
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Post by Bigs"R"Us on Apr 27, 2022 6:16:25 GMT -5
University of Miami is a private school with an undergraduate enrollment of ~11,000 which isn’t that much more than Georgetown. 50%. It’s fifty percent larger. Says a lot about your analytical prowess that a fifty percent increase is considered no big deal. Over time, their alumni base will dwarf ours.
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EtomicB
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Post by EtomicB on Apr 27, 2022 6:26:59 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. The system could easily be fixed if the powers that be weren't so greedy..
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Post by hoyasaxa2003 on Apr 27, 2022 8:36:58 GMT -5
50%. It’s fifty percent larger. Says a lot about your analytical prowess that a fifty percent increase is considered no big deal. Over time, their alumni base will dwarf ours. Miami also plays football. So (a) they have a lot more undergraduates and alumni (and my guess is their alumni are more likely to stay near Miami than ours near DC), and (b) they benefit from the insanity that is FBS football and the money that comes with it. So, Miami and Georgetown aren't comparable at all in this respect. Granted, all it takes is a few super wealthy donors to pony up. But, I am not aware of any such people at Georgetown willing to just dole out money to recruits to essentially sign them to our roster.
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hoyaboya
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Post by hoyaboya on Apr 27, 2022 8:39:27 GMT -5
Notre Dame athletic director Jack Swarbrick told Sports Illustrated that he believes the breakup of college sports at the NCAA Division I level is “inevitable,” and puts a potential target date on that seismic change as the mid-2030s. In a wide-ranging interview with SI, the only athletic director who is part of the College Football Playoff Management Committee said the fracture lines within the 130-member FBS could leave two disparate approaches: schools that still operate athletics within a traditional educational structure, and those who tie sports to the university in name only. “Absent a national standard, which I don’t see coming, I think it’s inevitable,” Swarbrick said. “Mid-30s would be the logical time.” The expectation is that the Big Ten and SEC will continue to leave the rest of the Power Five conferences behind in terms of revenue. The widening gap will place more stress on the current landscape, leading some schools to move away from their existing conference affiliations—and possibly leading some leagues to boot longtime members that don’t bring as much to the revenue trough.Asked if the current Name, Image and Likeness landscape is sustainable, the answer was a blunt no. Recruiting inducements were not the original idea, but that’s what NIL has become in many instances. “This morphed so quickly into talent acquisition fees that it’s just stunning,” he said. “Two things happened. The schools that have been doing [under the table] this a long time just had a way they could describe it now and be covered. That created a whole bunch of pressure on other schools that said, ‘Oh my god, we’ve got to do that, too.’ “We went from what people thought was an overly restrictive market to the most unrestricted labor market in the history of sports.” Does Swarbrick see NCAA Enforcement having any chance of reining it in? “No. I hate to be so pessimistic, but it’s been a lot of years of not seeing them have any,” he said. “I can see a lot of that [rules compliance and enforcement] being transferred to the conferences.” “We’re not getting [reform leadership] from the NCAA. It’s going to have to come from elsewhere. It’s interesting to see how challenging it is to get the university presidents to work together. It’s not that they’re resistant to it. They’ve just got too many things going on.” www.si.com/college/2022/04/23/notre-dame-jack-swarbrick-division-1-changeThe NCAA announced just a few hours ago that President Mark Emmert will step down by June 2023. In his 12 years leading the governing body of college sports, Emmert encountered some of the most complicated and divisive issues in its century-plus of existence. The NCAA has not worn it well. The association is barely recognizable and anyone would be hard-pressed to articulate its purpose anymore. Emmert responded over the years by going 180 degrees the other way, putting the ills of college athletics in the lap of the membership. It gave rise to the Power Five commissioners becoming the most powerful figures in college sports -- not the NCAA president. Over his dozen years, though, Emmert distinguished himself as the ultimate survivor. Somehow, as the NCAA’s strategy for name, image and likeness blew up last year and the NCAA suffered an embarrassing defeat in the Supreme Court, the contract extensions kept coming from the board of governors. Until now. Emmert’s run will end no later than June 2023. It’s time. SI's Ross Dellenger: "Emmert got his contract extended a year ago this week in news that shocked and, quite honestly, Editeded off dozens of athletics administrators. There is a lot of 'finally' from the group this evening. ... Remember the NCAA is going through a transformation process to its governance structure. Few expected Mark Emmert to preside over the *new* post-transformed NCAA, whatever it may be. For one, he's 69-years-old. For two, he's long ago lost the confidence of his members." The Ringer's Rodger Sherman: "Mark Emmert did a truly bad job as NCAA president. He put the NCAA in bad positions, cost them a lot of money, was really obnoxious if people questioned him. Luckily he was also bad at trying to prevent college athletes from getting paid and lost most of the fights he chose." The Athletic's Kyle Tucker: "Emmert wants a Coach K-style retirement tour? I would pay good money to watch him trotted out at several games over the next year. His send-off gifts would be interesting." Industry chatter from the weekend Here’s what industry experts were saying at the Jernstedt service when they weren’t talking about Tom (spoiler alert: name, image and likeness dominated): The NCAA has gone to great lengths over the last century to keep boosters out of college athletics. NIL collectives -- boosters paying players -- have destroyed that in a matter of months. There’s little-to-no interest from Congress to standardize NIL rules across college athletics because no one can articulate who is being harmed. If there was evidence of someone being financially hurt or significantly damaged, that might change. Until then, don’t expect a helping hand. A burned-out coach or AD complaining about NIL and the transfer portal by saying, “This isn’t what I signed up for,” doesn’t qualify as being harmed. The transfer portal has the potential to be much more damaging to college sports than NIL. www.sportsbusinessjournal.com/SB-Blogs/Newsletter-College/2022/04/26.aspxThe NCAA Board of Governors has selected John J. DeGioia, president of Georgetown, as its chair. DeGioia will serve as chair of the Association's top governing body through August 2022.www.ncaa.org/news/2020/10/29/board-of-governors-appoints-degioia-as-chair.aspxJaws did not drop Tuesday despite another typical end-of-business-day news dump by the NCAA. President Mark Emmert is stepping down -- and absolutely no one should be surprised. It was expected in the sense that it was about a decade overdue. However, jaws actually did drop nearly one year ago to the day when the NCAA Board of Governors announced it had unanimously decided to extend Emmert's contract through 2025. No calls were necessary last April when the NCAA board extended Emmert two more years. The outrage reached me as athletic directors and administrators called to share their incredulity. One AD begged his president, a member of the board, not to extend Emmert as the CEO was leaving for the vote in Indianapolis. The president did anyway. That's evidence, perhaps, of how Emmert kept holding onto his job despite one misstep after another. If he didn't stack that board with his toadies, it sure had warmed to him for unknown reasons.
In the middle of the association's deepest turmoil in its 115-year history, board chair John J. DeGioia, president of Georgetown, actually gave Emmert a vote of confidence. This was last March when inequities regarding the NCAA Women's Tournament that went viral were leaking into the nightly news.
Out of touch doesn't even begin to describe it, and apparently, it doesn't end with Emmert. The 69-year-old leaves office with his enterprise foundering like a bass flopping around on a dock on a summer day.
It just took a while for the board to realize they and Emmert fiddled while college athletics burned.www.cbssports.com/college-football/news/mark-emmerts-ouster-was-long-overdue-with-ncaas-relevance-eroding-presidents-power-fading/
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hoyazeke
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Post by hoyazeke on Apr 27, 2022 9:04:45 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. The system could easily be fixed if the powers that be weren't so greedy.. I wonder how the public knowing exactly what these young men are getting will affect them mentally. Under the table money was assumed but the amount wasn't known. Will a kid like Pack feel pressure to live up to his NIL deal. If he struggles early will fans be less patient. Imagine what fans would've said at games if Aminu had that deal last season.
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EtomicB
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Post by EtomicB on Apr 27, 2022 9:11:47 GMT -5
Notre Dame athletic director Jack Swarbrick told Sports Illustrated that he believes the breakup of college sports at the NCAA Division I level is “inevitable,” and puts a potential target date on that seismic change as the mid-2030s. In a wide-ranging interview with SI, the only athletic director who is part of the College Football Playoff Management Committee said the fracture lines within the 130-member FBS could leave two disparate approaches: schools that still operate athletics within a traditional educational structure, and those who tie sports to the university in name only. “Absent a national standard, which I don’t see coming, I think it’s inevitable,” Swarbrick said. “Mid-30s would be the logical time.” The expectation is that the Big Ten and SEC will continue to leave the rest of the Power Five conferences behind in terms of revenue. The widening gap will place more stress on the current landscape, leading some schools to move away from their existing conference affiliations—and possibly leading some leagues to boot longtime members that don’t bring as much to the revenue trough.Asked if the current Name, Image and Likeness landscape is sustainable, the answer was a blunt no. Recruiting inducements were not the original idea, but that’s what NIL has become in many instances. “This morphed so quickly into talent acquisition fees that it’s just stunning,” he said. “Two things happened. The schools that have been doing [under the table] this a long time just had a way they could describe it now and be covered. That created a whole bunch of pressure on other schools that said, ‘Oh my god, we’ve got to do that, too.’ “We went from what people thought was an overly restrictive market to the most unrestricted labor market in the history of sports.” Does Swarbrick see NCAA Enforcement having any chance of reining it in? “No. I hate to be so pessimistic, but it’s been a lot of years of not seeing them have any,” he said. “I can see a lot of that [rules compliance and enforcement] being transferred to the conferences.” “We’re not getting [reform leadership] from the NCAA. It’s going to have to come from elsewhere. It’s interesting to see how challenging it is to get the university presidents to work together. It’s not that they’re resistant to it. They’ve just got too many things going on.” www.si.com/college/2022/04/23/notre-dame-jack-swarbrick-division-1-changeThe NCAA announced just a few hours ago that President Mark Emmert will step down by June 2023. In his 12 years leading the governing body of college sports, Emmert encountered some of the most complicated and divisive issues in its century-plus of existence. The NCAA has not worn it well. The association is barely recognizable and anyone would be hard-pressed to articulate its purpose anymore. Emmert responded over the years by going 180 degrees the other way, putting the ills of college athletics in the lap of the membership. It gave rise to the Power Five commissioners becoming the most powerful figures in college sports -- not the NCAA president. Over his dozen years, though, Emmert distinguished himself as the ultimate survivor. Somehow, as the NCAA’s strategy for name, image and likeness blew up last year and the NCAA suffered an embarrassing defeat in the Supreme Court, the contract extensions kept coming from the board of governors. Until now. Emmert’s run will end no later than June 2023. It’s time. SI's Ross Dellenger: "Emmert got his contract extended a year ago this week in news that shocked and, quite honestly, Editeded off dozens of athletics administrators. There is a lot of 'finally' from the group this evening. ... Remember the NCAA is going through a transformation process to its governance structure. Few expected Mark Emmert to preside over the *new* post-transformed NCAA, whatever it may be. For one, he's 69-years-old. For two, he's long ago lost the confidence of his members." The Ringer's Rodger Sherman: "Mark Emmert did a truly bad job as NCAA president. He put the NCAA in bad positions, cost them a lot of money, was really obnoxious if people questioned him. Luckily he was also bad at trying to prevent college athletes from getting paid and lost most of the fights he chose." The Athletic's Kyle Tucker: "Emmert wants a Coach K-style retirement tour? I would pay good money to watch him trotted out at several games over the next year. His send-off gifts would be interesting." Industry chatter from the weekend Here’s what industry experts were saying at the Jernstedt service when they weren’t talking about Tom (spoiler alert: name, image and likeness dominated): The NCAA has gone to great lengths over the last century to keep boosters out of college athletics. NIL collectives -- boosters paying players -- have destroyed that in a matter of months. There’s little-to-no interest from Congress to standardize NIL rules across college athletics because no one can articulate who is being harmed. If there was evidence of someone being financially hurt or significantly damaged, that might change. Until then, don’t expect a helping hand. A burned-out coach or AD complaining about NIL and the transfer portal by saying, “This isn’t what I signed up for,” doesn’t qualify as being harmed. The transfer portal has the potential to be much more damaging to college sports than NIL. www.sportsbusinessjournal.com/SB-Blogs/Newsletter-College/2022/04/26.aspxThe NCAA Board of Governors has selected John J. DeGioia, president of Georgetown, as its chair. DeGioia will serve as chair of the Association's top governing body through August 2022.www.ncaa.org/news/2020/10/29/board-of-governors-appoints-degioia-as-chair.aspxJaws did not drop Tuesday despite another typical end-of-business-day news dump by the NCAA. President Mark Emmert is stepping down -- and absolutely no one should be surprised. It was expected in the sense that it was about a decade overdue. However, jaws actually did drop nearly one year ago to the day when the NCAA Board of Governors announced it had unanimously decided to extend Emmert's contract through 2025. No calls were necessary last April when the NCAA board extended Emmert two more years. The outrage reached me as athletic directors and administrators called to share their incredulity. One AD begged his president, a member of the board, not to extend Emmert as the CEO was leaving for the vote in Indianapolis. The president did anyway. That's evidence, perhaps, of how Emmert kept holding onto his job despite one misstep after another. If he didn't stack that board with his toadies, it sure had warmed to him for unknown reasons.
In the middle of the association's deepest turmoil in its 115-year history, board chair John J. DeGioia, president of Georgetown, actually gave Emmert a vote of confidence. This was last March when inequities regarding the NCAA Women's Tournament that went viral were leaking into the nightly news.
Out of touch doesn't even begin to describe it, and apparently, it doesn't end with Emmert. The 69-year-old leaves office with his enterprise foundering like a bass flopping around on a dock on a summer day.
It just took a while for the board to realize they and Emmert fiddled while college athletics burned.www.cbssports.com/college-football/news/mark-emmerts-ouster-was-long-overdue-with-ncaas-relevance-eroding-presidents-power-fading/ "The NCAA has gone to great lengths over the last century to keep boosters out of college athletics. NIL collectives -- boosters paying players -- have destroyed that in a matter of months." Lol! Boosters are fine if they're buying buildings, paying coaches ect but paying players is a bridge too far
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EtomicB
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Post by EtomicB on Apr 27, 2022 9:17:39 GMT -5
The system could easily be fixed if the powers that be weren't so greedy.. I wonder how the public knowing exactly what these young men are getting will affect them mentally. Under the table money was assumed but the amount wasn't known. Will a kid like Pack feel pressure to live up to his NIL deal. If he struggles early will fans be less patient. Imagine what fans would've said at games if Aminu had that deal last season. Im sure the 1500 people would have been ok with it
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hoopsmccan
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Post by hoopsmccan on Apr 27, 2022 10:00:21 GMT -5
I wonder how the public knowing exactly what these young men are getting will affect them mentally. Under the table money was assumed but the amount wasn't known. Will a kid like Pack feel pressure to live up to his NIL deal. If he struggles early will fans be less patient. Imagine what fans would've said at games if Aminu had that deal last season. Im sure the 1500 people would have been ok with it Fair point. Putting our rabid 1500 aside, I do think that having your finances out in the open leads to more scrutiny, which could add to more pressure on a player. Like any spotlight, some thrive and some wilt. hm
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TC
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Post by TC on Apr 27, 2022 10:16:41 GMT -5
The NCAA has gone to great lengths over the last century to keep boosters out of college athletics. NIL collectives -- boosters paying players -- have destroyed that in a matter of months. There’s little-to-no interest from Congress to standardize NIL rules across college athletics because no one can articulate who is being harmed. If there was evidence of someone being financially hurt or significantly damaged, that might change. Until then, don’t expect a helping hand. This isn't about the sport being ruined, it's about the several of the parties that have grown rich losing control of an exploited labor market and having their positions threatened. The refrain I've heard over and over this offseason is that talent wins, and maybe coaching isn't that valuable. Some of that is obvious nonsense to cover over the fact that we're paying a really bad coach a ton of money and to pretend we can win with a really bad coach - but if talent wins, and NIL deals are going to decide recruitment rather than under-the-table money, why are we paying coaches millions of dollars? My guess is that coaching salaries in college sports have been artificially inflated because of the necessary under-the-table payments they need to make to AAU programs, to families of recruits, and to recruits themselves to compete. In an NIL world - where the players are directly compensated - why pay a coach 4 million dollars? Why pay an assistant half a million a year? Why would a Booster organization help pay a coach's salary or fund the program, when the money is probably better spent supplying NIL deals to retain players? In an NIL world, are AAU programs as important? They've been important the last two decades because the coaches were easily corruptable with under the table cash. In a world where the money is transparent, are they important?
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iowa80
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Post by iowa80 on Apr 27, 2022 10:28:50 GMT -5
Im sure the 1500 people would have been ok with it Fair point. Putting our rabid 1500 aside, I do think that having your finances out in the open leads to more scrutiny, which could add to more pressure on a player. Like any spotlight, some thrive and some wilt. hm There have been discussions here about direct criticisms of individual players because, after all, they are young men going to school who are not yet professionals. This is a pretty sensible view. But NIL compensation—certainly significant NIL compensation— changes that equation.
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EtomicB
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Post by EtomicB on Apr 27, 2022 11:03:30 GMT -5
Im sure the 1500 people would have been ok with it Fair point. Putting our rabid 1500 aside, I do think that having your finances out in the open leads to more scrutiny, which could add to more pressure on a player. Like any spotlight, some thrive and some wilt. hm On the other hand maybe this money will lessen the burden of trying to get to the pros asap. Maybe Now he'll be able to concentrate on his studies more. He's going to learn about finances for sure and whatever they duties for the company paying him will serve as life lessons as well right?
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daveg023
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Post by daveg023 on Apr 27, 2022 11:25:14 GMT -5
Maybe I'm naïve, but I think this will calm down a bit. At some point these companies are going to have to justify the expense. Is Nijel Pack really worth $800K? What happens after a company / booster continually gets burned by a few bad bets? Do they become a little more hesitant on writing blank checks to these kids / programs?
The other variable here is the G League and Professional route alternative. If that continues to show a pathway into being drafted, many of the best recruits (think 5* kids) may gravitate towards that route and say the hell with having to pretend to be a student for a semester. If that happens then the leftovers are 4* and below who we know are anything but a sure bet. It's one thing to give a Zion Williamson a big NIL deal, but another for the ilk of a Stephen Domingo (sorry Stephen).
The one area that may continue to be the hotbed for NIL deals though is the upperclassmen / transfer market. Proven guys at big schools like a Pack, Tshwiebe, Bacot, Gillespie, etc., who in fact don't have NBA prospects, but are much more valuable in college. If anything that's the surest bet for the money.
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TC
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Post by TC on Apr 27, 2022 11:30:49 GMT -5
Maybe I'm naïve, but I think this will calm down a bit. At some point these companies are going to have to justify the expense. Is Nijel Pack rally worth $800K? What happens after a company / booster continually gets burned by a few bad bets? Do they become a little more hesitant on writing blank checks to these kids / programs? I think the big question is whether the $800,000 is new money coming into the sport, or whether that's something that would have been donated to the booster organization or the athletics department - and whether it's just revenue that's being cannibalized and redistributed towards players.
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hoopsmccan
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Post by hoopsmccan on Apr 27, 2022 11:50:32 GMT -5
Fair point. Putting our rabid 1500 aside, I do think that having your finances out in the open leads to more scrutiny, which could add to more pressure on a player. Like any spotlight, some thrive and some wilt. hm On the other hand maybe this money will lessen the burden of trying to get to the pros asap. Maybe Now he'll be able to concentrate on his studies more. He's going to learn about finances for sure and whatever they duties for the company paying him will serve as life lessons as well right? To be clear, my post wasn't anti-NIL. Just agreeing with the original poster (and subsequent poster) that money changes the dynamic for players. I hope you are right on all counts - especially learning about finances. And I hope the lessens are not learned the hard way and schools do a good job of educating players at earlier ages. hm
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EtomicB
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Post by EtomicB on Apr 27, 2022 11:52:52 GMT -5
Maybe I'm naïve, but I think this will calm down a bit. At some point these companies are going to have to justify the expense. Is Nijel Pack rally worth $800K? What happens after a company / booster continually gets burned by a few bad bets? Do they become a little more hesitant on writing blank checks to these kids / programs? The other variable here is the G League and Professional route alternative. If that continues to show a pathway into being drafted, many of the best recruits (think 5* kids) may gravitate towards that route and say the hell with having to pretend to be a student for a semester. If that happens then the leftovers are 4* and below who we know are anything but a sure bet. It's one thing to give a Zion Williamson a big NIL deal, but another for the ilk of a Stephen Domingo (sorry Stephen). The one area that may continue to be the hotbed for NIL deals though is the upperclassmen / transfer market. Proven guys at big schools like a Pack, Tshwiebe, Bacot, Gillespie, etc., who in fact don't have NBA prospects, but are much more valuable in college. If anything that's the surest best for the money. Did you see the other day where a top Jr chose to play for OTE but opted not too get paid so he could remain cbb eligible? He's also NIL eligible which will probably yield more than OTE, maybe more than the G-League.. Take a look at the number of HS kids on this nil list.. www.on3.com/nil/news/on3-nil-100-ranking-top-25-most-valuable-high-school-college-athletes-bronny-james-arch-manning-bryce-young-travis-hunter/
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daveg023
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Post by daveg023 on Apr 27, 2022 11:52:56 GMT -5
Maybe I'm naïve, but I think this will calm down a bit. At some point these companies are going to have to justify the expense. Is Nijel Pack really worth $800K? What happens after a company / booster continually gets burned by a few bad bets? Do they become a little more hesitant on writing blank checks to these kids / programs? I think the big question is whether the $800,000 is new money coming into the sport, or whether that's something that would have been donated to the booster organization or the athletics department - and whether it's just revenue that's being cannibalized and redistributed towards players. That’s a good point. Remains to be seen if this is new money or just existing money with fewer middlemen in between.
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hoyaboya
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Post by hoyaboya on Apr 27, 2022 12:54:32 GMT -5
The Volunteer State made headlines again last week when Gov. Bill Lee signed an amendment to Tennessee’s NIL legislation. The amendment rewrote the original bill and made several noteworthy changes to the state’s NIL laws, according to the bill’s summary. Most significant, the bill changed how NIL groups – also known as collectives – can work with college coaches and athletic officials in Tennessee. The new law removes the institutional involvement prohibition and allows athletic department employees, including coaches and recruiters, to become part of the NIL process. The bill also changed the previous law that banned NIL collectives – groups like the Volunteers-focused Spyre Sports Group – from participating in the recruiting process. “It is important that there is at least a working relationship between the athletics department and the collective,” Greene said. “I believe this regular communication is already occurring and schools prefer this so they can keep tabs on outside actors making a material impact on their athletes and teams. The issue here is at what point does a school and or collective cross the line. “We saw over the weekend a high-profile booster at Miami announce the details of an NIL deal for a men’s basketball player (Nijel Pack) shortly after the player announced his commitment to transfer to Miami. You would have to imagine that the booster, athlete, men’s basketball coach and other athletic administrators communicated or coordinated on some level here. But it is likely difficult to prove if this deal crosses the line since we won’t know what the ‘line’ is until the NCAA decides to take an interest in enforcing its own rules.” www.on3.com/nil/news/states-in-sec-footprint-alter-laws-to-empower-collectives-impact-on-nil-recruiting/How much additional money does Ruiz have allocated to spend on Hurricanes student-athletes this year? “We set a budget of about $10 million when I started for the year, but we’re not stuck at $10 million,” he said. Besides the intrinsic joy of helping his alma mater win games, Ruiz maintains the deals are good business, generating the type of publicity for his companies that would otherwise be unthinkable. “Right now, we’re getting a huge return for Nijel Pack,” he said in a phone conversation Monday. “I’ve almost hit five million [social media] impressions, which is phenomenal. This is a really good investment for the return.” Ruiz, who has a law degree, wants to make clear that he is meticulously following and abiding by all NCAA rules and Florida laws regarding how college players can benefit from their name, image and likeness. “I am never going to do anything that is going to break a rule,” he said. “If I do something improper from an NCAA statute [perspective], the ones that get hurt are the kids and the school. I’ve got to be super extra careful. I always take the most conservative approach. We have 30 attorneys here. We provide contracts to UM, and we’re in contact with their compliance department.” He said that UM never calls encouraging him to offer NIL deals to any particular recruits or players in the portal. Ruiz said he and his sons — who both attended UM, as did his daughter — monitor recruiting and portal news closely, on all social media platforms, and internally discuss the possibilities so they’re prepared. He said nobody from UM has called to thank him, nor is he expecting that, but “I know the university is thankful. They are very thankful. I have spoken to [athletic director] Dan Radakovich because I’ve run into him. [With the coaches], on purpose, I try to keep a distance, though I know them all fairly well.” UM declined to comment on the record for this story, but a source in the administration said: “John is a great supporter and great businessman and in this case, his decision to partner with young people to promote his product launch is unique.” Ruiz said that before Pack picked UM, “I made sure I conveyed to him and his agent that it was my intention [to offer him an NIL deal], that I thought it was favorable for him.” Ruiz said Pack’s NIL agent initiated those discussions, and Ruiz didn’t speak directly with Pack before the agreement was consummated. Ruiz also had conversations with representation for Omier, the Sun Belt Player of the Year at Arkansas State last season, before he picked Miami over FSU, Texas Tech and Georgetown. He said he picked UM because “they have a great coaching staff. It was the best fit for me. Their style of play, the league they’re in, the exposure.” Among portal targets being pursued by UM, Ruiz said he doesn’t initiate most of the calls to the NIL agents. “I got contacted by agents,” he said. “The agents in the country know us already. Most of the time I get called now, [it’s after] the kid has pretty much decided he will come to UM. Whoever comes to Miami I will provide a fair market deal to.” www.miamiherald.com/sports/spt-columns-blogs/barry-jackson/article260756357.html#storylink=cpy
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prhoya
Blue & Gray (over 10,000 posts)
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Post by prhoya on Apr 28, 2022 21:36:23 GMT -5
🍿
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thedragon
Golden Hoya (over 1000 posts)
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Post by thedragon on Apr 28, 2022 21:36:50 GMT -5
It's a different world...
And the millionaire booster responds...
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