prhoya
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Post by prhoya on Mar 18, 2024 17:14:12 GMT -5
I’m sure he must be lying right.. We need a leader! And a PG…
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hoyaboya
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Post by hoyaboya on Mar 21, 2024 10:31:52 GMT -5
I hope our NIL guys are better with contracts/more responsible with their money than the Iowa NIL folks!
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SSHoya
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"Forget it Jake, it's Chinatown."
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Post by SSHoya on Mar 22, 2024 13:06:16 GMT -5
The staggering number of early portal entrants indicates a shift in the college landscape and many have pointed to NIL being the main cause of disruption. However, without looking at who is entering the portal, it is rash to make such an assumption. The NIL Collective system offers 'pay-for-play' contracts to athletes and has run rampant through men's revenue sports. This talent based NIL economy has created a proxy free agency at the end of every season where teams bid for top talent using promises of NIL deals. However, not all players can reasonably command this payment, as it is reserved for impact players. Looking at the composition of players in the portal can help to allocate the correct amount of responsibility NIL has in the high transfer portal entry rates. www.si.com/fannation/name-image-likeness/news/ten-percent-of-di-mens-basketball-players-already-entered-transfer-portal-noah9
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DanMcQ
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Post by DanMcQ on Mar 23, 2024 16:08:04 GMT -5
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CTHoya08
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Bring back Izzo!
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Post by CTHoya08 on Mar 23, 2024 16:09:39 GMT -5
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jwp91
Platinum Hoya (over 5000 posts)
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Post by jwp91 on Mar 23, 2024 16:21:29 GMT -5
Well, with the money they saved on production costs, I hope that NIL deal was big!
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hoyaboya
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Post by hoyaboya on Mar 25, 2024 21:30:07 GMT -5
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hoyaguy
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Post by hoyaguy on Mar 25, 2024 21:48:00 GMT -5
This is not shocking that there is major inflated budget numbers being thrown around because what team actually expects all of their offers to be accepted? So offers might collectively be worth in that range but realistically unless you are a blue blood, most of your offers are not being accepted or even looked at twice.
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jpj
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Post by jpj on Mar 26, 2024 8:20:10 GMT -5
I hope our NIL guys are better with contracts/more responsible with their money than the Iowa NIL folks! i hope no one puts out a hit on this kid. People have been killed for less.
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SSHoya
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"Forget it Jake, it's Chinatown."
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Post by SSHoya on Mar 26, 2024 8:24:50 GMT -5
I hope our NIL guys are better with contracts/more responsible with their money than the Iowa NIL folks! i hope no one puts out a hit on this kid. People have been killed for less. It's the wild west and will end up killing CBB as I knew and loved it. But who would ever recruit such a person lacking in character again? Maybe his grift via the NIL route is limited to that $100k.
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NCHoya
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Post by NCHoya on Mar 26, 2024 8:52:15 GMT -5
I am still at a loss that these NIL deals seemingly have no preconditions for the athlete. Is that against the rules or something? Serious question, because very few marketplaces provide zero protection for the buyer. When do these collectives get smart and start putting together multiyear deals with incentives and such?
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Post by FromTheBeginning on Mar 26, 2024 9:53:16 GMT -5
Hate to say it but the college basketball that we knew and love is already dead and buried. The tournament is just a faint reminder of what used to be.f
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EtomicB
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Post by EtomicB on Mar 26, 2024 10:03:03 GMT -5
I am still at a loss that these NIL deals seemingly have no preconditions for the athlete. Is that against the rules or something? Serious question, because very few marketplaces provide zero protection for the buyer. When do these collectives get smart and start putting together multiyear deals with incentives and such? I was skeptical about this story, but one quick Google search later shows I was right to feel that way. hawkeyeswire.usatoday.com/2024/03/21/iowa-football-swarm-collective-ceo-brad-heinrichs-kadyn-proctor-minimal-nil/“Hawkeye fans out there that have given to the Swarm should rest easy. Kadyn Proctor hasn’t gotten a dime of their money, so that hopefully will appease people. The money that they’ve given to the Swarm collective, the student-athletes have to actually do work for charity to get that and he hasn’t done any of that yet. So, he has not gotten a single dime from the folks that have donated to the Swarm collective. Hopefully, Hawkeye fans will hear this and breathe a sigh of relief,” Heinrichs said.Per Heinrichs, Proctor did get a small sum of money from The Swarm, Inc., but the bulk of the money Proctor could have earned would have been through charity work that he did not do.In other words, Proctor did get a small sum of money from several of SWARM’s corporate partners.
“That’s correct. So, our corporate partners have asked him to do some things and he’s fulfilled some of those obligations that are outlined in his contract.
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EtomicB
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Post by EtomicB on Mar 26, 2024 10:07:47 GMT -5
Good stuff from PC regarding their collective.
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SSHoya
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"Forget it Jake, it's Chinatown."
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Post by SSHoya on Mar 26, 2024 10:14:12 GMT -5
I am still at a loss that these NIL deals seemingly have no preconditions for the athlete. Is that against the rules or something? Serious question, because very few marketplaces provide zero protection for the buyer. When do these collectives get smart and start putting together multiyear deals with incentives and such? I was skeptical about this story, but one quick Google search later shows I was right to feel that way. hawkeyeswire.usatoday.com/2024/03/21/iowa-football-swarm-collective-ceo-brad-heinrichs-kadyn-proctor-minimal-nil/“Hawkeye fans out there that have given to the Swarm should rest easy. Kadyn Proctor hasn’t gotten a dime of their money, so that hopefully will appease people. The money that they’ve given to the Swarm collective, the student-athletes have to actually do work for charity to get that and he hasn’t done any of that yet. So, he has not gotten a single dime from the folks that have donated to the Swarm collective. Hopefully, Hawkeye fans will hear this and breathe a sigh of relief,” Heinrichs said.Per Heinrichs, Proctor did get a small sum of money from The Swarm, Inc., but the bulk of the money Proctor could have earned would have been through charity work that he did not do.In other words, Proctor did get a small sum of money from several of SWARM’s corporate partners.
“That’s correct. So, our corporate partners have asked him to do some things and he’s fulfilled some of those obligations that are outlined in his contract.I'm predisposed to believe the worst about NIL until proven otherwise!
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EtomicB
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Post by EtomicB on Mar 26, 2024 10:21:22 GMT -5
I was skeptical about this story, but one quick Google search later shows I was right to feel that way. hawkeyeswire.usatoday.com/2024/03/21/iowa-football-swarm-collective-ceo-brad-heinrichs-kadyn-proctor-minimal-nil/“Hawkeye fans out there that have given to the Swarm should rest easy. Kadyn Proctor hasn’t gotten a dime of their money, so that hopefully will appease people. The money that they’ve given to the Swarm collective, the student-athletes have to actually do work for charity to get that and he hasn’t done any of that yet. So, he has not gotten a single dime from the folks that have donated to the Swarm collective. Hopefully, Hawkeye fans will hear this and breathe a sigh of relief,” Heinrichs said.Per Heinrichs, Proctor did get a small sum of money from The Swarm, Inc., but the bulk of the money Proctor could have earned would have been through charity work that he did not do.In other words, Proctor did get a small sum of money from several of SWARM’s corporate partners.
“That’s correct. So, our corporate partners have asked him to do some things and he’s fulfilled some of those obligations that are outlined in his contract.I'm predisposed to believe the worst about NIL until proven otherwise! Not sure if you read the article or not but it's worth the read. It breaks down how NIL & collectives are supposed to work
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SSHoya
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"Forget it Jake, it's Chinatown."
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Post by SSHoya on Mar 26, 2024 10:31:09 GMT -5
I'm predisposed to believe the worst about NIL until proven otherwise! Not sure if you read the article or not but it's worth the read. It breaks down how NIL & collectives are supposed to work The key words "how NIL & collectives are supposed to work." Assuming the bona fide nature of a contractual relationship with the corporate sponsors, if the athlete failed to do the "work" for the NIL money, it'd be up to the corporate sponsors to sue for breach. IMHO, the chances of that happening are just about zero. Accordingly, I don't think it is unreasonable to assume that if the athlete failed to do the obligatory "work" there'd be no one looking over the shoulder of the contracting parties to ensure compliance with the contract. Is the Athletic Department going to enforce the contract? Essentially, there is no enforcement mechanism (certainly not the feckless NCAA) to ensure that the contract is honored. In an unregulated environment, the race to the bottom will be swift. Call me cynical. . . . and I'll plead guilty. EDIT: I will also withdraw any aspersions I cast upon the young man's character.
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Post by hoyasaxa2003 on Mar 26, 2024 11:13:29 GMT -5
These NIL contracts are a farce. Sure, you might be able to hold back money if a guy never enrolls, for example, or let's say he drops out. But, these NIL collective contracts are somewhat toothless. As SSHoya mentioned above, what school is going to want to be known as the one who files lawsuits seeking to recover NIL monies? That would make that university very popular. ("Don't go to X university, they promise NIL, but sue their players instead!")
The problem with NIL contracts is on their face they are giving money to players to use their name, image, and likeness. In reality, they are contracts by a university using a proxy (the collective) to pay players legally to enroll and play basketball. The charity work or endorsements are all mask the true purpose, which is to pay players to play basketball. This is why real contracts and collective bargaining would be much better. It would make the relationships more clear, it would actually commit players, and it would end this free for all free agency. Also, once you get to the point where guys are getting salaries and not NIL, I think at that point, some of the inflation goes down.
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EtomicB
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Post by EtomicB on Mar 26, 2024 11:57:02 GMT -5
These NIL contracts are a farce. Sure, you might be able to hold back money if a guy never enrolls, for example, or let's say he drops out. But, these NIL collective contracts are somewhat toothless. As SSHoya mentioned above, what school is going to want to be known as the one who files lawsuits seeking to recover NIL monies? That would make that university very popular. ("Don't go to X university, they promise NIL, but sue their players instead!") The problem with NIL contracts is on their face they are giving money to players to use their name, image, and likeness. In reality, they are contracts by a university using a proxy (the collective) to pay players legally to enroll and play basketball. The charity work or endorsements are all mask the true purpose, which is to pay players to play basketball. This is why real contracts and collective bargaining would be much better. It would make the relationships more clear, it would actually commit players, and it would end this free for all free agency. Also, once you get to the point where guys are getting salaries and not NIL, I think at that point, some of the inflation goes down. I was going to respond to SSHoya post but two birds with one stone. As the article above states, the players are paid for services rendered not upfront so programs won't have to sue for monies paid out. I assume your point about contracts will be between the school & the players, if so how will this eliminate NIL?
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CTHoya08
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Post by CTHoya08 on Mar 26, 2024 12:55:44 GMT -5
If there's collective bargaining, presumably NIL rights could be part of that, i.e., subsumed within the contract for playing. And even if not, if the players are actually being paid by the schools (and it's not some pittance), there (a) might not be that much NIL paid on top of the salary (perceived value to the boosters might be less if guys are getting paid already), or (b) the contracts might be for multiple years and end the transfer free-for-all.
I don't think the real problem is NIL (or "NIL"--in any case, money). It's money combined with unlimited free transfers. It's one thing to have a bidding war once, or twice. But every year?
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