Pitt is screwed in today's version of college athletics
Not surprised you missed my point.That's small potatoes. $5 million per year. Probably $3.5 million to football, $1.4 million to basketball and $100K to women's basketball. It will help basketball but doesn't do much for football.
Also, if I am a FedEx shareholder (well, we all are indirectly through mutual funds), I am pissed as hell. $25 million to extremely obscure college players that nobody ever heard of does nothing to help the FedEx brand. This is the first NIL deal entered into by a real company and not some private company owned by a fanboy. I would hope shareholders rise up against this frivolous spending. I dont know how the FedEx Board can justify this.
I wouldn't say they're screwed. These are the types of deals the smaller schools need to hop in on. The big corporations. Become their marketing tool.
Nike has dumped money into Oregon for years because, well Phil Knight..but #2 the program became pretty much a Nike post board with weekly jersey presentations.
It does make sense, it's advertising. FedEx pays Memphis and Memphis puts FedEx logos around.There's a reason this FedEx deal is the 1st. It doesn't make business sense and I don't understand how FedEx is getting away with it. Paying salaries to Memphis players doesn't help FedEx make money. You cite Nike but I doubt Nike is paying salaries for Oregon players. Maybe Phil Knight is but that's not Nike. These "real" businesses have to make deals which make business sense.
It does make sense, it's advertising. FedEx pays Memphis and Memphis puts FedEx logos around.
My point about Nike wasn't to say they were paying the players, it was to highlight the benefit of corporate advertising.
That's exactly why it's makes sense and that's exactly the point I'm saying."In exchange, yes, there will be some local billboards, maybe local commercials, local hospital visits featuring Memphis players wearing a FedEx shirt"...........
That's exactly why it's makes sense and that's exactly the point I'm saying.
They have $4.95M somewhere to throw around like that for the time being.You dont get it. $5 million/year to put some Memphis players on local billboards is about $4.95 million over market value. So its an extremely bad business deal for FedEx. Like all-time bad business deal. I dont know how shareholders will approve of this. You can pull this stuff when its your own private company but FedEx has to answer to shareholders.
They have $4.95M somewhere to throw around like that for the time being.
Can care less about shareholders. If it works it works, if doesn't won't see it happening again.
Kudos to Memphis though, Pitt should hit up Acrisure or PNC see if they can pitch in.
Are we sure these funds aren't coming from Fred Smith's personal account?
SMF is correct. Getting this by the board would likely be a tough sell, unless the majority are Memphis alums, residents or both.
Isnt Tyson Foods doing the same thing with Arkansas?
Yes, answering to the shareholders is necessary. But this 25 mill might be small potatoes in this behmoths overall goodwill.
Sounds like it.That + Virginia passing a law that allows payments to players via NIL means we are about to enter one helluva new era in this sport very soon.
It makes fans like FedEx more. What if Dick's or FNB do that for Pitt? psu should get a lawn mower company to toss money to keep happy their tens of thousands alums who work on lawnsThat's small potatoes. $5 million per year. Probably $3.5 million to football, $1.4 million to basketball and $100K to women's basketball. It will help basketball but doesn't do much for football.
Also, if I am a FedEx shareholder (well, we all are indirectly through mutual funds), I am pissed as hell. $25 million to extremely obscure college players that nobody ever heard of does nothing to help the FedEx brand. This is the first NIL deal entered into by a real company and not some private company owned by a fanboy. I would hope shareholders rise up against this frivolous spending. I dont know how the FedEx Board can justify this.
I was wondering if having state schools are paying NIL if other teams can find out how much these schools are paying by using information Act requests.That + Virginia passing a law that allows payments to players via NIL means we are about to enter one helluva new era in this sport very soon.
It makes fans like FedEx more. What if Dick's or FNB do that for Pitt? psu should get a lawn mower company to toss money to keep happy their tens of thousands alums who work on lawns
FedEx nets $4 billion per year. I don't think shareholders will bat an eye over $5 mil a year to a city/University that is synonymous with the FedEx brand.
That + Virginia passing a law that allows payments to players via NIL means we are about to enter one helluva new era in this sport very soon.
B. S.I wouldn't say they're screwed. These are the types of deals the smaller schools need to hop in on. The big corporations. Become their marketing tool.
Nike has dumped money into Oregon for years because, well Phil Knight..but #2 the program became pretty much a Nike post board with weekly jersey presentations.
I was wondering if having state schools are paying NIL if other teams can find out how much these schools are paying by using information Act requests.
Who cares?Its literally to pay the salaries of extremely obscure college athletes that 99.99999% of FedEx shareholders never heard of and dont make a cent for the corporation.
Sorry to tell you this, but college football has been gone way before NIL and the portal took over.B. S.
NIL is the Death of College football/sports as we know it ... You Know It and I Know It .......
The law stipulates that the players are not employees. I think that will be challenged. If that stands, the entire workforce for the universities could be paid by NIL and then no requirement to provide health insurance.Can we just cut the crap? So this law allows VA schools to directly pay NIL? Uh....how about a law which states you must pay them a salary.....AS EMPLOYEES. How the heck do these colleges get away with this? Imagine if your employer called you into the office on Monday and said we are going to pay you the same amount of money, but its not a salary anymore and you are no longer an employee. We are going to pay you NIL instead.
This might be the best new business model. Dont have any employees. Just have a bunch of people you to pay to work there under NIL.
PNC would have been perfect last year. The boring bank sponsoring the team with the boring offense.They have $4.95M somewhere to throw around like that for the time being.
Can care less about shareholders. If it works it works, if doesn't won't see it happening again.
Kudos to Memphis though, Pitt should hit up Acrisure or PNC see if they can pitch in.
I don't think it's a huge stretch. College football is pro sports now.We believe that it is good business for FedEx if Memphis football and basketball were in a Power 4 league because that would grow the university which would help us attract talent to the company. By buying players for Memphis football and basketball, we expect them to win more and be invited to a P4 league.
Can we just cut the crap? So this law allows VA schools to directly pay NIL? Uh....how about a law which states you must pay them a salary.....AS EMPLOYEES. How the heck do these colleges get away with this? Imagine if your employer called you into the office on Monday and said we are going to pay you the same amount of money, but its not a salary anymore and you are no longer an employee. We are going to pay you NIL instead.
This might be the best new business model. Dont have any employees. Just have a bunch of people you to pay to work there under NIL.
The law stipulates that the players are not employees. I think that will be challenged. If that stands, the entire workforce for the universities could be paid by NIL and then no requirement to provide health insurance.
It is such a farce.
It's not new at all. Ever hear of 1099 workers who are independent contractors? There are 10s of millions of these people in the US.
Since you don't understand advertising and the use of branding, you shouldn't decide to put your stupid comment with claims I never made. Still a pompous ass. Go charge your toxic taxi.It makes Memphis fans like FedEx more? That's why they are doing it? A global company headquartered in Memphis is paying Memphis players $5 million/year so that Memphis citizens switch from USPS and UPS? Huh? You are saying that the direct result of buying $5 million worth of players is that FedEx profits in Memphis will increase by $5 million/year?
Since you don't understand advertising and the use of branding, you shouldn't decide to put your stupid comment with claims I never made. Still a pompous ass. Go charge your toxic taxi.
You need to stop claiming that others post things they never said. The shots about the toxic taxi is just having fun. The EVs % of sales is way off....because they're too costly and inconvenience.I dont know why EV's scare the crap out of you. I understand people not feeling they are worth the extra cost or if you are driving to Philly once a week as you say you do but your outright fear is strange.
Also, how much profit in excess of the $5 million spent on Memphis players do you expect FedEx to make IN MEMPHIS because no one outside of Memphis is going to give 2 shits about the players they bought? How many Memphis citizens are going to switch to FexEx because of this?