Look Who's Transferring Now (The Basketball Portal)

[DZ83CK]

So is it official? Is every player in NCAA basketball in the portal?

Nah, only about 5,000 of them.

 

[DZ83CK]

Rick Pitino strikes! $7 MILLION for 1 year for a Baylor transfer who just withdrew from the NBA draft.

 

[calibuck]

Maybe Diebs needs to check the cushions of the sofa to see if he can find any loose change there.....That's football money for a rent-a-player for one year.

 

[Jaxbuck]

Maybe Diebs needs to check the cushions of the sofa to see if he can find any loose change there.....That's football money for a rent-a-player for one year.

Every player is a one year free agent at this point. Basketball or football.

Likewise, if this kid wasn't good, some coach somewhere would have cut him at the end of a year.

Seems like a more rational system to me.

 

[DZ83CK]

Every player is a one year free agent at this point. Basketball or football.

Likewise, if this kid wasn't good, some coach somewhere would have cut him at the end of a year.

Seems like a more rational system to me.

It is rational in a sense, but irrational in the sense that MOST of the money these kids are getting is "PAY TO WIN" and not really based on marketing or business value. I feel like the way college athletes are paid needs a serious overhaul. There's no way a no name, borderline first round NBA draft pick who's played one year in college actually is worth $7 MILLION/YR for "NIL". That amount is being paid mostly because it's become an arms race for talent and Rick Pitino wants to win basketball games. It's all about the difference these guys can help make in team results and really not about who these guys are individually, and that's the real core inconsistency with what NIL has become.

I'm not sure what the right solution is, but I don't think salary cap & limiting NIL to strictly above-board, honest business deals is going to cut it because then Rick Pitino will just go back to his old under-the-table ways of paying guys to gain an advantage. As far as I've seen the only ways to avoid under-the-table recruiting is the system we have now (which has gotten out of hand) and a humongous draft of all high school players entering college which no one seems to be on board with.

 

[Jaxbuck]

It is rational in a sense, but irrational in the sense that MOST of the money these kids are getting is "PAY TO WIN" and not really based on marketing or business value. I feel like the way college athletes are paid needs a serious overhaul. There's no way a no name, borderline first round NBA draft pick who's played one year in college actually is worth $7 MILLION/YR for "NIL". That amount is being paid mostly because it's become an arms race for talent and Rick Pitino wants to win basketball games. It's all about the difference these guys can help make in team results and really not about who these guys are individually, and that's the real core inconsistency with what NIL has become.

I'm not sure what the right solution is, but I don't think salary cap & limiting NIL to strictly above-board, honest business deals is going to cut it because then Rick Pitino will just go back to his old under-the-table ways of paying guys to gain an advantage. As far as I've seen the only ways to avoid under-the-table recruiting is the system we have now (which has gotten out of hand) and a humongous draft of all high school players entering college which no one seems to be on board with.

Well if we are going by rationality, no one would pay it if they didn't, ultimately, see the value in it. Now that can look different to different people but in the end, you have to go from the baseline of rational actors so there is no way to say what the players are "worth" any more than there is a way to say what any entertainer is worth. The value of something in the market is the price someone else is willing to pay. The IRS can make up market values because, well, they are the IRS but in reality how do you objectively define what someone's pay is "worth"?

I agree that NIL is a sham in that it's really pay to win but then again, no shit. That's what the coaches are paid for too.

NIL is, to me, is a direct consequence of the abuses of the past. The game was rigged against players, SCOTUS had to finally step in because the old system wouldn't reform at all and now NIL is the workaround.

Abuse leads to restrictions.

 

[DZ83CK]

Well if we are going by rationality, no one would pay it if they didn't, ultimately, see the value in it. Now that can look different to different people but in the end, you have to go from the baseline of rational actors so there is no way to say what the players are "worth" any more than there is a way to say what any entertainer is worth. The value of something in the market is the price someone else is willing to pay. The IRS can make up market values because, well, they are the IRS but in reality how do you objectively define what someone's pay is "worth"?

I agree that NIL is a sham in that it's really pay to win but then again, no shit. That's what the coaches are paid for too.

NIL is, to me, is a direct consequence of the abuses of the past. The game was rigged against players, SCOTUS had to finally step in because the old system wouldn't reform at all and now NIL is the workaround.

Abuse leads to restrictions.

I would say that the lucrative nature of college coaching contracts you mentioned absolutely is a motivating factor driving some of these NIL prices sky high. I don't think it's a coincidence that no low major like a Toledo or Akron, whose coaches make relatively little, has a booster ponying up big bucks for any of these players. I do feel that at some point there needs to be an authority that helps set the rates of pay for college athletes (amounts which would vary based on the circumstances obviously) - possibly much of this could be done through collective bargaining but if players don't want to unionize then the NCAA needs to step up and do it. One way to sort it out is, if the player disagrees with the amount he's offered, hiring a ton of arbitrators to evaluate each player's value with all things considered - they do it all the time in pro sports.

 

[Jaxbuck]

I would say that the lucrative nature of college coaching contracts you mentioned absolutely is a motivating factor driving some of these NIL prices sky high. I don't think it's a coincidence that no low major like a Toledo or Akron, whose coaches make relatively little, has a booster ponying up big bucks for any of these players. I do feel that at some point there needs to be an authority that helps set the rates of pay for college athletes (amounts which would vary based on the circumstances obviously) - possibly much of this could be done through collective bargaining but if players don't want to unionize then the NCAA needs to step up and do it. One way to sort it out is, if the player disagrees with the amount he's offered, hiring a ton of arbitrators to evaluate each player's value with all things considered - they do it all the time in pro sports.

They do it in pro sports because they have an actual CBA.

Why on earth would players want to collectively bargain in college sports right now? They get to be a FA 4-5-6 times with no restrictions.

The only restrictions on their income and movement is how good they are.

This is getting int the NIL topic and not about basketball transfers at this point so I'll just leave it with saying the "establishment" brought this shit on themselves and the only real fix, as I see it, is to ask the question "are we an institution of higher learning" or "are we in the business of owning professional sports teams (entertainment)"?

All the issues come back to that. They are trying to be govern pro sports under the old framework of being an school. It doesn't work.

 

[DZ83CK]

They do it in pro sports because they have an actual CBA.

Why on earth would players want to collectively bargain in college sports right now? They get to be a FA 4-5-6 times with no restrictions.

The only restrictions on their income and movement is how good they are.

This is getting int the NIL topic and not about basketball transfers at this point so I'll just leave it with saying the "establishment" brought this shit on themselves and the only real fix, as I see it, is to ask the question "are we an institution of higher learning" or "are we in the business of owning professional sports teams (entertainment)"?

All the issues come back to that. They are trying to be govern pro sports under the old framework of being an school. It doesn't work.

Well the government has a supposedly bipartisan bill in the works to remove repeated transfers, it's going to be 1 "free" transfer only with "salary cap" and "legitimate business purpose" NIL deals only. Players could accurately see the federal government as hostile to their interests & could organize in order to try and avoid more punitive actions from the government later on.

 

[Jaxbuck]

Well the government has a supposedly bipartisan bill in the works to remove repeated transfers, it's going to be 1 "free" transfer only with "salary cap" and "legitimate business purpose" NIL deals only. Players could accurately see the federal government as hostile to their interests & could organize in order to try and avoid more punitive actions from the government later on.

The show bill would have to be law first. Then maybe.

No current player is likely going to have to worry about it.