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Miami (FL) Hurricanes (1926-2003)

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pnuts34 said:


raw


McMurphy's credibility is going past rock bottom at this point
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There's a better chance they are the 4th best team in Florida than in the nation.
 
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Was reading a comment on 11w from someone who listens to to Dan LeBatards podcast. He had Luther Campbell from 2 Live Crew on there, as he’s a noted Miami booster. He said that Ruiz made all of the NIL deals when his IPO stock was $10, it’s now around $1…
Makes sense why their recruiting has come to a standstill, he may not be able to cover all of the deals. We may see this nationally from some teams who were offering up front deals
 
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Not sure if having a guy dealing in stocks is the best benefactor for your schools NIL, it’s quite the volatile industry…

https://www.forbes.com/sites/katiej...-deal-mints-two-billionaires/?sh=fd16e22a91d9


https://www.forbes.com/sites/hanktu...ks-of-the-first-half-of-2022/?sh=4f0b5ccf36ae

SPAC deals have generally underperformed the market as well, none more significantly than MSP Recovery, which aims to identify Medicare and Medicaid claims that should have been paid by other insurers and pursue lawsuits and settlements. It generated just $14.6 million in 2021 revenue but purported to be worth $32.6 billion when it agreed to merge with Lionheart Acquisition Corp. II. That has declined to a $6.8 billion market value as of Thursday’s close, but it’s more than doubled since its June 13 low. CEO John Ruiz and chief legal officer Frank Quesada provided a personal $113 million loan to the company on June 16, according to an SEC filing.
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When one man is your NIL collective, and business ain't doing so great...

The Miami model was never going to be sustainable for them with Ruiz being the only alum willing to shell out big bucks for NIL deals. And the fan base thinks that major corporations in Miami actually care about paying college kids, they would much rather give money in sponsorships to all the professional teams and the keep fueling the burgeoning entertainment industry in the city. The Hurricanes don't move the needle enough like they did 20+yrs ago
 
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I seriously don't think they will ever be back. Society and life have changed so much and there's way too much to do in Miami that doesn't include a shit college football team. Columbus, Tuscaloosa, Clemson SC and college towns can keep things going because of the weight the university carries. Might as well get rid of football in South Beach and just focus on beach volleyball or some shit. Be good at something going forward right?
 
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