That didnt take long. The UAE state-funded investment fund is having a tournament in Vegas where each team gets $1 million with the winners getting an additional $1 million. But you know, its not pay for play so the players will have to work for their $100K-$200K while they are in Vegas that week as if doing a youth sports camp is worth a $100K payment.
www.cbssports.com
"The athletes, while in Las Vegas, would be required to participate in multiple off-the-court activities to earn that NIL money. That quid pro quo agreement for NIL money is a key distinction and at the core of the appeal of the festival. Pay-for-play remains against NCAA rules. However, athletes can be paid for NIL work surrounding the actual games, which is the pitch here."
NIL-driven Las Vegas college basketball event with millions paid to schools is nearly finalized
The 'Players Era Festival' will include eight teams in 2024. In 2025 it's expected to double to 16 teams -- with huge brands
www.cbssports.com
"The athletes, while in Las Vegas, would be required to participate in multiple off-the-court activities to earn that NIL money. That quid pro quo agreement for NIL money is a key distinction and at the core of the appeal of the festival. Pay-for-play remains against NCAA rules. However, athletes can be paid for NIL work surrounding the actual games, which is the pitch here."
