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Name, Image, & Likeness (NIL) at tOSU

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I was at a 4th of July party years ago with my then girlfriend, now wife. When I went to the bathroom, Brian Schottenstein moved in to hit on her. From what she told me when I got back, this was the extent of the conversation:

Him: I'm a Schottenstein.

Her: I don't care.

So, he always seemed like kinda a douchebag, but I can get behind this effort if he does it well.
 
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BuckBackHome said:
Hopefully it works. Nothing about this gives me warm feelings.
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Jaxbuck said:
Gives me warmer feelings than the ones I get imagining not doing it
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i get the not so warm feelings because sometime tells me he didn’t do his research and is going to fuck something up and run afoul of some law somewhere by the setup he’s choosing
 
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AuTX Buckeye said:
i get the not so warm feelings because sometime tells me he didn’t do his research and is going to fuck something up and run afoul of some law somewhere by the setup he’s choosing
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I'm hoping the last name gives him easy access to lawyers smart enough to keep him out of trouble.

Never underestimate the power of human stupidity though. Especially the idiot son's of wealth type.
 
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AuTX Buckeye said:
i get the not so warm feelings because sometime tells me he didn’t do his research and is going to fuck something up and run afoul of some law somewhere by the setup he’s choosing
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Jaxbuck said:
I'm hoping the last name gives him easy access to lawyers smart enough to keep him out of trouble.

Never underestimate the power of human stupidity though. Especially the idiot son's of wealth type.
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I think we can say this about literally every single major booster ponying up money for NIL. I eventually someone's greed is going to burst this whole bubble. But in the meantime:

money-money-money-make-it-rain.gif
 
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Addressing both the speculative bubble bursting and Saban's comments about national legislation:

One possible clump of sand in the Vaseline is if the IRS starts to challenge the tax exempt status of some of these not for profits being set up. I'm not a tax attorney and have no insight into the details of them. Just pointing it out as a logical weak point in the game as we know it right now.

On the other hand, you'd think a group who's putting $30Mm or so at risk would have covered that base before they did it. You'd think.
 
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808 Buck said:
Totally agree, but if you want to play in January, it has to be done.
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Hell, you know Texas A&M bought their #1 2022 recruiting class with NIL money. Other schools are doing it too and at some schools the boosters are even (publicly) bragging about it, see a few examples of news articles:

‘The 15 Fund’ launched to facilitate NIL opportunities with UK athletes

$10 million fund set up to lure athletes to University of Texas

Dan Lambert plans $500-a-month endorsement deal for every Miami Hurricanes football player on scholarship

If you want to compete at the elite level (i.e. play in January) in college football, (like it or not) you better "get with the program".
 
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