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Should semipro/college players be paid, or allowed to sell their stuff? (NIL and Revenue Sharing)

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ScriptOhio said:


According to Stewart Mandel of The Athletic, a class of 2023 five-star prospect has signed a multi-million NIL deal and is thought to be the largest deal ever for a non-professional athlete. The name of the recruit was not named, keeping his identity secret from the public.
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It's claimed to be an $8M deal:



Caspino said he has spoken to athletes with one-sided deals that have left them without payouts or worse: owing money. The NCAA allowed players to profit off their name, image and likeness in July. States enacted laws and several have since rescinded those laws to provide more freedom in the marketplace.

NIL collectives comprised of big-money boosters have popped up across the country, and though the collectives are not allowed to be directly affiliated with a school, their allegiances are clear. Still, the NCAA’s bare-bone guidelines have made it clear that no inducements can be made to steer players to a certain school — at least in writing. Meanwhile, many athletes are negotiating deals without an attorney and agreeing to contracts that require repayment or a percentage of an athlete’s future earnings after college.

Many NIL collectives are not just well-funded but they also receive help from rabid fans with law degrees and decades of business experience. Think of them as Sport Super PACs.

“You're going to see some blow up with this,” Caspino said. “I think you're going to see some some massive problems with some of these contracts, especially in light of the transfer portal and everything else going on there. And I think that there's going to be a call for regulation here, and the problem, as I see it, is there's tremendously little capacity to contract here. You have collectives with the greatest lawyers with all kinds of savvy people, and then you can have a kid in high school or a kid who's a freshman in college. Many of these kids are very economically disadvantaged and they just don’t know. They will never be as savvy as the lawyers for those collectives, so there’s imbalance here that needs to be fixed somehow.”

Caspino said he is aware of athletes with deals who have not been paid, and there is no legal remedy as companies continue to use their likeness.

"I've seen their contracts. They didn’t have a lawyer look at it. They just saw dollar signs and they signed a bad contract," Casino said. "That’s my No. 1 concern. I don’t represent the collectives, I present the athletes. My job is to ensure their eligibility … and to have options. They're going to become an indentured servant to somebody."

That's not to say all NIL collectives or individual business owners or boosters are taking advantage of players. NIL collectives in Tennessee and Florida have set fundraising goals in the neighborhood of $30 million per year. The end goal is clear: lure the best of the best to their favorite schools and win championships.
 
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ORD_Buckeye said:
Which is why this thing is going to get reigned in pretty quickly. At this point, making the athletes employees under contract is pretty much the only way that I can see it happening. Kavanaugh's anything goes attitude will spin on a dime the moment this turns from a deregulation issue into an employee rights issue.
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The problem is going to be, who goes first with any kind of efforts to reign it in? You do that and you are at an immediate, and possibly insurmountable, recruiting disadvantage.

PAC12 and B1G going to trust that the SEC wants to regulate it? I don't see what's in it for the SEC (or OSU for that matter) to play nice here.

On top of that, making them employees of the University then putting restrictions on outside business activities flies in the face of the spirit of the law allowing them to profit from their NIL.

I don't know for sure but I'm thinking this is the new normal for a while here.
 
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Only 22 of 130 NCAA FBS-level schools say they have plans to provide allowed academic bonus payments to athletes this year

Less than one-quarter of the nation's wealthiest college athletic departments say they have a plan in place to maximize the amount of money they can give to athletes this year by providing cash rewards for getting good grades.

For many athletes, the academic year was a revolutionary one for their bank accounts. Boosters and brands spent millions of dollars in the newly formed marketplace for athlete endorsement deals. And while schools quickly invested in helping their athletes find ways to sell their name, image and likeness to outside bidders, they have been generally slow to reach for their own wallets to take advantage of a new, less-publicized rule that allows the athletic department to reward athletes directly for strong performances in the classroom.

In response to a federal judge's mandate, the NCAA changed its rules in August 2020 to allow schools to pay each of their athletes up to $5,980 per year as a reward for academic performance. The oddly specific dollar amount was calculated during the legal proceedings because it is equal to the maximum amount of financial value an athlete can receive in one year from awards related to their athletic performance, such as conference player of the year titles or the Heisman Trophy. The U.S. Supreme Court solidified the federal judge's ruling with a 9-0 decision in the NCAA v. Alston case last June.

Entire article: https://www.espn.com/college-sports...allowed-academic-bonus-payments-athletes-year
 
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In early March, The Athletic reported that a five-star 2023 recruit signed an $8 million NIL deal with a school’s donor collective. While that remains by far the highest known deal to date, other top recruits are reaping the benefits of a rapidly soaring arms race.

The Athletic reviewed three recruits’ recently signed NIL contracts, each with a different school-specific collective. The Athletic agreed to preserve the anonymity of all parties in order to get a better sense of the current market rates for top recruits. A four-star receiver landed a deal that will pay him more than $1 million over the next four years in exchange for his exclusive NIL rights. A defensive lineman ranked among the top 10 at his position received a three-year deal worth $1 million. And a three-star defensive lineman signed for $500,000 over four years. The latter two are non-exclusive.
 
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ScriptOhio said:


In early March, The Athletic reported that a five-star 2023 recruit signed an $8 million NIL deal with a school’s donor collective. While that remains by far the highest known deal to date, other top recruits are reaping the benefits of a rapidly soaring arms race.

The Athletic reviewed three recruits’ recently signed NIL contracts, each with a different school-specific collective. The Athletic agreed to preserve the anonymity of all parties in order to get a better sense of the current market rates for top recruits. A four-star receiver landed a deal that will pay him more than $1 million over the next four years in exchange for his exclusive NIL rights. A defensive lineman ranked among the top 10 at his position received a three-year deal worth $1 million. And a three-star defensive lineman signed for $500,000 over four years. The latter two are non-exclusive.
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Wonder how much the P5 head coach that shall not be named is making?

I bet there are some faculty at his school saying "You're really thinking that a football coach is worth millions of dollars to someone? I mean, what the fuck are we talking about?"

These coaches are the biggest hypocrites alive.
 
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