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Post by hoyasaxa2003 on Apr 28, 2024 15:40:54 GMT -5
I was curious about how On3 does their valuations, and this is what their website says: That would explain Bronny James' value, as his basketball ability doesn't warrant being one of the top guys. But exposure might. I think any valuation that puts value on the actual "marketing" component is a pretty big mistake. Bronny might actually be the one player in men's basketball where that's not true -- but in general, this is people paying for performance and what really matters is how rabid the wealthy donors of a program are. Agreed. I applaud On3 for trying to create a metric that people can use, but it's got major problems if you look at the actual valuations they create for many people. I completely agree with you on marketing. Each year in college basketball there are, at best, a handful of guys (if any) whose notoriety actually reaches the level where it might increase their NIL value. Other than maybe Bronny James (whose fame is really derivative of his father), I cannot think of any male college basketball players this season who have the notoriety of Caitlin Clark, for example. The real question on marketing is whether non-basketball people recognize the person. Both last year, and then this year, Clark has been in the news so much that her exposure has been well beyond what is normal for any collegiate athlete. People will recognize Bronny James because he's Lebron's son. Beyond that? Pretty much nobody is even close to Clark's level.
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DanMcQ
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Post by DanMcQ on Apr 29, 2024 19:56:29 GMT -5
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EtomicB
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Post by EtomicB on May 1, 2024 10:59:37 GMT -5
Pretty good article..
Revenue sharing is about to be adopted by the NCAA. That will require some widespread disclosure, and it should be adopted on an individual basis as well through contracts. Multi-year deals, mutual options to extend, buyouts – publicize what athletes take home in NIL to create a fair, representative market in which to do business.
How many of those entries into the portal are chasing a payday that was never there? How many coaches and collectives have bid against a suitor and a number that never existed? Add some transparency to those conversations. Taking away the secrecy could help blunt the edge both sides feel entering what is, at its core, a negotiation.
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SDHoya
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Post by SDHoya on May 1, 2024 11:38:12 GMT -5
Pretty good article.. Revenue sharing is about to be adopted by the NCAA. That will require some widespread disclosure, and it should be adopted on an individual basis as well through contracts. Multi-year deals, mutual options to extend, buyouts – publicize what athletes take home in NIL to create a fair, representative market in which to do business.
How many of those entries into the portal are chasing a payday that was never there? How many coaches and collectives have bid against a suitor and a number that never existed? Add some transparency to those conversations. Taking away the secrecy could help blunt the edge both sides feel entering what is, at its core, a negotiation.
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hoyaboya
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Post by hoyaboya on May 1, 2024 11:43:45 GMT -5
Pretty good article.. Revenue sharing is about to be adopted by the NCAA. That will require some widespread disclosure, and it should be adopted on an individual basis as well through contracts. Multi-year deals, mutual options to extend, buyouts – publicize what athletes take home in NIL to create a fair, representative market in which to do business.
How many of those entries into the portal are chasing a payday that was never there? How many coaches and collectives have bid against a suitor and a number that never existed? Add some transparency to those conversations. Taking away the secrecy could help blunt the edge both sides feel entering what is, at its core, a negotiation. JaMikal Hinsley is a Georgetown fan's burner account specifically set up to taunt Providence fans. It's the same account that posted yesterday that Bryce Hopkins had entered the transfer portal (which did not happen). This Twitter account is not a credible source.
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SSHoya
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Post by SSHoya on May 2, 2024 9:33:50 GMT -5
In a separate lawsuit filed on Wednesday, James, along with the attorneys general of Florida, Washington D.C., Virginia and Tennessee, challenged a rule from the NCAA that restricts "prospective student athletes' ability to earn money and benefit from their name, image, and likeness (NIL)" by preventing them from "reviewing NIL compensations offers before enrolling in a school," according to a press release from James's office. www.newsweek.com/letitia-james-ncaa-nil-lawsuit-1896323
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Post by centercourt400s on May 2, 2024 9:43:10 GMT -5
I avoid this thread because every time I open it I end up contemplating dropping my season tickets.
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EtomicB
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Post by EtomicB on May 2, 2024 10:35:53 GMT -5
In a separate lawsuit filed on Wednesday, James, along with the attorneys general of Florida, Washington D.C., Virginia and Tennessee, challenged a rule from the NCAA that restricts "prospective student athletes' ability to earn money and benefit from their name, image, and likeness (NIL)" by preventing them from "reviewing NIL compensations offers before enrolling in a school," according to a press release from James's office. www.newsweek.com/letitia-james-ncaa-nil-lawsuit-1896323Now this is a great lawsuit against the NCAA NIL rules, it was obvious from the jump that NIL would be used as a recruiting tool so why not protect the kids by making it as transparent as possible?
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hoyaboya
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Post by hoyaboya on May 2, 2024 13:10:43 GMT -5
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EtomicB
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Post by EtomicB on May 2, 2024 14:54:05 GMT -5
Why would this be the case? Aren't these trips paid for by the programs? Plus it's shortsighted, especially for a program with new players trying to gain some chemistry. Take the extra month of practice the trips allow for
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hoyaboya
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Post by hoyaboya on May 2, 2024 16:13:16 GMT -5
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Post by hoyasaxa2003 on May 2, 2024 21:12:45 GMT -5
Why would this be the case? Aren't these trips paid for by the programs? Plus it's shortsighted, especially for a program with new players trying to gain some chemistry. Take the extra month of practice the trips allow for Perhaps I am remembering incorrectly, but I believe that a school is only allowed to do one of the summer foreign trips (like the Hoyas did to China, for example) once every four years. So, the overall cost of the foreign trips is likely minor to the overall NIL budget many of these schools have. Might it affect a mid major school with a smaller budget? Possibly. Should it affect a program like Georgetown? I would think not.
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CTHoya08
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Bring back Izzo!
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Post by CTHoya08 on May 3, 2024 4:46:02 GMT -5
Why would this be the case? Aren't these trips paid for by the programs? Plus it's shortsighted, especially for a program with new players trying to gain some chemistry. Take the extra month of practice the trips allow for Perhaps I am remembering incorrectly, but I believe that a school is only allowed to do one of the summer foreign trips (like the Hoyas did to China, for example) once every four years. So, the overall cost of the foreign trips is likely minor to the overall NIL budget many of these schools have. Might it affect a mid major school with a smaller budget? Possibly. Should it affect a program like Georgetown? I would think not. It seems like it shouldn’t be a big cost compared to the overall expense of running a D1 program. But it’s probably important to keep in mind that a lot of revenue for these programs comes from donations.* I don’t know if it’s happening yet on a material level, but I expect that a lot of the big donors are pivoting from supporting the athletic departments directly (ergo funds available for operating expenses) to supporting NIL collectives (ergo funds available to players directly). To be clear, I’m not saying that’s necessarily a bad thing, and I think programs should be able to figure out how to fund that things they need to fund. But I have an easy time imagining a couple programs suddenly discovering that they have a six-figure hole in their expected budget, and a reporter catching wind of it and tweeting that it’s a trend, which is both true and misleading. *I’m not an accountant and I don’t know how universities actually characterize donations to the athletic departments. They might not be considered capital-R revenue. I suspect that a lot of donations to athletic departments generally, not earmarked for a particular sport, are treated differently for accounting purposes to that schools can say their football or basketball programs “lose money.”
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EtomicB
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Post by EtomicB on May 3, 2024 21:13:10 GMT -5
1000% agree
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metaphor
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Post by metaphor on May 4, 2024 9:19:11 GMT -5
Don't disagree on the the Goldstein tweet but NCAA is also to blame as an organization because it lacked leadership and vision.
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EtomicB
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Post by EtomicB on May 4, 2024 10:02:12 GMT -5
Don't disagree on the the Goldstein tweet but NCAA is also to blame as an organization because it lacked leadership and vision. The leadership of the NCAA is its governing board which is made up of administrators from its member schools. Emerett or Baker are the rules enforcers not makers
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iowa80
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Post by iowa80 on May 4, 2024 17:32:43 GMT -5
Goldstein is close to the mark, but it’s certainly a sad commentary on the state of college athletics when participants can universally be regarded as “free labor.”
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hoyaboya
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Post by hoyaboya on May 8, 2024 11:02:14 GMT -5
"NIL-driven Las Vegas college basketball event with millions paid to schools is nearly finalized The 'Players Era Festival' will include eight teams in 2024. In 2025 it's expected to double to 16 teams -- with huge brands... Games will be played in November under the umbrella of an event dubbed the "Players Era Festival," which will also include live music and other attractions for fans amid the glitz of the Las Vegas Strip during Thanksgiving week. In a college sports first, the event will also include $1 million NIL payouts for eight participating schools. What's more, players involved will have future earnings opportunities through long-term NIL contracts, sources told CBS Sports. Alabama, Houston, Notre Dame, Oregon, Rutgers, San Diego State and Texas A&M are all on board, sources said. The eighth and final school for the 2024 event will emerge from a small group that is still being deliberated... Plans are to double the size of the field, sources told CBS Sports, with 16 teams as the target for 2025 and beyond. Duke, Gonzaga, Kansas, Michigan, Syracuse and Virginia have all engaged in discussions about potentially playing in 2025. Sources from a few schools in that group told CBS Sports they anticipate playing in the event if it extends beyond 2024 and continues as planned with 16 teams in 2025. If they opt in, they'd be joined by most (if not eventually all) of the schools playing in 2024, many of which have already signed up for a three-year agreement, according to sources... The tournament would be unique in that the NIL collective of each participating school would be paid $1 million. Additional significant NIL opportunities (believed to be in the neighborhood of another $1 million) would be awarded exclusively to the winner or winners of the event, depending on the final bracket format(s). The money would then be distributed to athletes by the collectives. The athletes, while in Las Vegas, would be required to participate in multiple off-the-court activities to earn that NIL money. That quid pro quo agreement for NIL money is a key distinction and at the core of the appeal of the festival. Pay-for-play remains against NCAA rules. However, athletes can be paid for NIL work surrounding the actual games, which is the pitch here." www.cbssports.com/college-basketball/news/nil-driven-las-vegas-college-basketball-event-with-millions-paid-to-schools-is-nearly-finalized/
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Post by hoyasaxa2003 on May 8, 2024 11:36:25 GMT -5
"NIL-driven Las Vegas college basketball event with millions paid to schools is nearly finalized The 'Players Era Festival' will include eight teams in 2024. In 2025 it's expected to double to 16 teams -- with huge brands... Games will be played in November under the umbrella of an event dubbed the "Players Era Festival," which will also include live music and other attractions for fans amid the glitz of the Las Vegas Strip during Thanksgiving week. In a college sports first, the event will also include $1 million NIL payouts for eight participating schools. What's more, players involved will have future earnings opportunities through long-term NIL contracts, sources told CBS Sports. Alabama, Houston, Notre Dame, Oregon, Rutgers, San Diego State and Texas A&M are all on board, sources said. The eighth and final school for the 2024 event will emerge from a small group that is still being deliberated... Plans are to double the size of the field, sources told CBS Sports, with 16 teams as the target for 2025 and beyond. Duke, Gonzaga, Kansas, Michigan, Syracuse and Virginia have all engaged in discussions about potentially playing in 2025. Sources from a few schools in that group told CBS Sports they anticipate playing in the event if it extends beyond 2024 and continues as planned with 16 teams in 2025. If they opt in, they'd be joined by most (if not eventually all) of the schools playing in 2024, many of which have already signed up for a three-year agreement, according to sources... The tournament would be unique in that the NIL collective of each participating school would be paid $1 million. Additional significant NIL opportunities (believed to be in the neighborhood of another $1 million) would be awarded exclusively to the winner or winners of the event, depending on the final bracket format(s). The money would then be distributed to athletes by the collectives. The athletes, while in Las Vegas, would be required to participate in multiple off-the-court activities to earn that NIL money. That quid pro quo agreement for NIL money is a key distinction and at the core of the appeal of the festival. Pay-for-play remains against NCAA rules. However, athletes can be paid for NIL work surrounding the actual games, which is the pitch here." www.cbssports.com/college-basketball/news/nil-driven-las-vegas-college-basketball-event-with-millions-paid-to-schools-is-nearly-finalized/I see no Big East names up there...We should be in this.
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hoyaboya
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Post by hoyaboya on May 8, 2024 21:37:58 GMT -5
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