tOSU Recruiting Discussion

[calibuck]

Good stuff, Brody. Unfortunately, today's people, are me, me, me, and now, now, now. That makes the NIL very important. And have to assume that every football player coming out of HS are assured (in their own mind), that they'll be standing on the Draft podium one day. So why not grab the loot now. Would also bet that they piss it away before they're 22, but that's another story.

 

[Jaxbuck]

Unfortunately, today's people, are me, me, me, and now, now, now.

sooo back in the day Boomers would have foregone the money and let the school keep it? Been happy to walk up hill both ways to dear old U?



Come on man.

Every human who has ever lived is motivated by self interest. Taking the money now+ development+ intangibles that matter to the kid is their own personal calculous of what the best decision is just like any actor in a market.

Some will piss it away, some will not just like any other age group handles money.

 

[calibuck]

Jax, can't really argue with you, but there's not alot of 30-40 year people anymore. And would expect it depends on which industry as well. Back in the day, in Silicon Valley, some guy would go to lunch with another company rep, come back and give his/her two week notice, and jump ship. If it's a 'cash cow' industry, say tobacco, versus a 'shooting star' type of outfit, AI comes to mind, then yeah, people swing from grapevine to grapevine all the time. Anyway, pardon my MBA/BCG training...

 

[pnuts34]

Good stuff, Brody. Unfortunately, today's people, are me, me, me, and now, now, now. That makes the NIL very important. And have to assume that every football player coming out of HS are assured (in their own mind), that they'll be standing on the Draft podium one day. So why not grab the loot now. Would also bet that they piss it away before they're 22, but that's another story.

I think you and many fans are selling these kids short financially. The narrative needs to stop that all of the kids are just buying cars, jewelry, etc. Many of these kids have agents, financial advisors, etc and are investing in real estate, small businesses, donating to their community, etc. I think you'll see some of these smaller communities get a nice investment from their teenagers

 

[Mike80]

I think you and many fans are selling these kids short financially. The narrative needs to stop that all of the kids are just buying cars, jewelry, etc. Many of these kids have agents, financial advisors, etc and are investing in real estate, small businesses, donating to their community, etc. I think you'll see some of these smaller communities get a nice investment from their teenagers

Selling them short...or projecting what THEY'D do with that kind of money.

 

[Jaxbuck]

Selling them short...or projecting what THEY'D do with that kind of money.

Exactamundo

 

[pnuts34]

https://www.collegenetworth.com/college-football-players-nil-spending-cars-gear-and-more/

Investing in Family and Future
For plenty of players, NIL money means they can finally help out their families or set themselves up for what’s next. Baylor wide receiver Josh Cameron talked about easing the financial load on his parents. Texas Tech defensive lineman Lee Hunter even bought his mom a house.

Long-Term Financial Planning
Some athletes are thinking ahead. Stanford cornerback Collin Wright put his money into index funds and ETFs. Wake Forest defensive back Nick Andersen leaned on his dad for some financial advice.

Others are just saving up for something big:

Down Payment on a House: Syracuse punter Jack Stonehouse is putting his earnings aside for a future home.
Rolex Watch: Virginia offensive lineman Noah Josey is eyeing a luxury watch—kind of a classic move to mark success, right?
Giving Back to the Community
Some athletes are using their NIL windfall to do good. Iowa State quarterback Rocco Becht donated Xboxes to a pediatric hospital. Georgia linebacker CJ Allen and Arizona safety Xavion Alford ran youth camps for kids.

Georgia Tech offensive lineman Keylan Rutledge spent some of his NIL money on his wedding, picking out rings and bands. It’s a reminder that this new era is about more than just flashy purchases—it’s about meaningful moments, too.

 

[calibuck]

Would opine that many/if not all of us project what WE'd do with that kind of jingle at 18 years old. Some of us were collecting pop bottles to turn in for 5 cents to take our dolly out to a movie and popcorn. What some of these kids are getting is life-changing money. At least for an 18 year old. Times have certainly changed, and age/income level of parents certainly factors in. Certainly don't mean to imply that these kids come from homes with dirt-packed floors, but closer to that than to being transported here and there by a Bentley. Anyway, have tried to infuse with our daughter the need to invest at an early age, for her retirement (decades away), but am suggesting that mayhaps there's a larger need at home in the present.....anyway, guess trying to paint a broad-brush scenario without a ton of knowledge.....

 

[pnuts34]

Would opine that many/if not all of us project what WE'd do with that kind of jingle at 18 years old. Some of us were collecting pop bottles to turn in for 5 cents to take our dolly out to a movie and popcorn. What some of these kids are getting is life-changing money. At least for an 18 year old. Times have certainly changed, and age/income level of parents certainly factors in. Certainly don't mean to imply that these kids come from homes with dirt-packed floors, but closer to that than to being transported here and there by a Bentley. Anyway, have tried to infuse with our daughter the need to invest at an early age, for her retirement (decades away), but am suggesting that mayhaps there's a larger need at home in the present.....anyway, guess trying to paint a broad-brush scenario without a ton of knowledge.....

I hear you, and many people have their opinions on what will happen with these young men(and women). But from speaking with a number of parents of HS athletes in the Cincinnati and Dayton area, I can assure that times are changing. This isn't kids being given a bag of money and they and their parents are expected to just figure it out. #1 the money isn't the exorbitant amount that people expect it to be. #2 many of these parents are getting educated and are quite aware of the pitfalls. #3 outside management is being used to assist so taxes are paid and money is invested.