More Nil Madness
- Thread starter Drew1208
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The Ruiz guy who owns Life Wallet just paid $800K for an All Big 12 guard. Wong may be the better player so I mean, yea, if that kid got $800K, he's probably going to have to match that on Wong.
I so wish Elon Musk gets bored and pays like the top 8 HS guys $2 million each to go to like Maine or some sh!t.
Since when do college players have agents negotiating college playing?
This is nothing but a result of the NCAA and Emmert being a asleep at the wheel.
This moved too far and too fast, especially for an inept organization like the NCAA. This is just the tip of the iceberg. What happens when kids start demanding more money in season and threaten to sit out? Kids aren’t playing for the schools anymore, they’re playing for the boosters or collectives that pay them.
The next president of the NCAA needs to address this on day one. I have no idea what the solution is, as it’s going to be hard to walk back 6-7 figure payouts. The kids should absolutely get paid, but this Wild West approach to NIL coupled with the portal is absolutely hurting college basketball.
This moved too far and too fast, especially for an inept organization like the NCAA. This is just the tip of the iceberg. What happens when kids start demanding more money in season and threaten to sit out? Kids aren’t playing for the schools anymore, they’re playing for the boosters or collectives that pay them.
The next president of the NCAA needs to address this on day one. I have no idea what the solution is, as it’s going to be hard to walk back 6-7 figure payouts. The kids should absolutely get paid, but this Wild West approach to NIL coupled with the portal is absolutely hurting college basketball.
I believe, if you are repped by an “NCAA approved” agent, they can facilitate NIL deals for you.
Again, this is all an absolute train wreck and the NCAA is totally to blame.
When the idiots passed pay to play for amateurs who were already being Compensated
No. Fake news. I’m told college basketball players these days don’t commit or stay at a school because of being paid. It’s strictly the amazing savvy and charisma of these dazzling coaches that gets them and keeps them, and somehow Pitt miraculously has the only coaches without any of that.
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Seems like they'd be foolish not to now in the NIL era. Now they get to hold their college programs hostage like this guy's doing with even less regulation or oversight than the pros have.
This is such a good thing for the game though......
The thing is....it SHOULD BE the next step. But not a free for all, Wild Wild West....
The fly in the ointment is.......Title IX. You got the Social Justice warrior's whining about it would be unfair to pay boys football and basketball and not the women. But.....here's the thing, they don't generate revenue, in fact are cost sinks. Mens BB and football pays their way. Still......
So the NCAA is too lazy to figure out some equitable way to pay players, within some framework and address the non revenue sports.
You play bigtime college FB or BB, you are hardly toiling as a amateur.
The solution is easy.
1. NIL payments have to come from legit companies and not booster collectives
2. Deals have to be at market value or else is considered pay for play. The Miami transfer isn't worth 800K to Life Wallet. Life Wallet is owned by a Miami booster and that is obviously pay for play. It would be easy to see what type of deals NBA guys get and compare. Would an NBA starter be worth 800K to Life Wallet? The answer is no.
So what kind of return on investment are we seeing from these over the top NIL deals? And are most of these under the table type deals, special access to team, seating, contracts from colleges or coaches to buy or invest in these companies?
The solution is effing far from easy.
Where do you think large boosters get their money ?
A… from their highly successful business.
Miami Star Isaiah Wong Threatening Transfer Over NIL Compensation - Sports Illustrated
The guard declared for the NBA draft earlier this week, and he must enter the transfer portal by Sunday’s deadline if he wants to play for another college program.
www.si.com
Now Wong said he's entering the portal if Miami cant match what their transfers got. And he's right to do so. Ruiz better pay up.
Nonsense, the NCAA needs to do something about this free agency right now.
College athletics as most of us knew it is dying right in front of us. This is sad…
Hmmm.....how bout making transfers sit out 1 year of games while going to school for free, living for free, and eating for free?
"He has been treated by LifeWallet exceptionally well," Ruiz told ESPN on Thursday night. "If that is what he decides, I wish him well, however, I do not renegotiate. I cannot disclose the amount, but what I can say is that he was treated very fairly."
Wong then backed down.
Miami's Wong won't enter portal after NIL talks
Miami Hurricanes guard Isaiah Wong has elected not to enter the transfer portal, he told ESPN, less than 24 hours after his agent said he would transfer if his name, image and likeness (NIL) compensation wasn't increased.
This is totally insane. This Ruiz guy is basically the "owner" of Miami football and basketball. Making deals, buying players. The NCAA has to step in soon."He has been treated by LifeWallet exceptionally well," Ruiz told ESPN on Thursday night. "If that is what he decides, I wish him well, however, I do not renegotiate. I cannot disclose the amount, but what I can say is that he was treated very fairly."
Wong then backed down.
Miami's Wong won't enter portal after NIL talks
Miami Hurricanes guard Isaiah Wong has elected not to enter the transfer portal, he told ESPN, less than 24 hours after his agent said he would transfer if his name, image and likeness (NIL) compensation wasn't increased.www.espn.com
This will all stop when people realize they can get just as good an education online and stop paying $50,000+ a year in tuition. Then all of these higher education institutions will go broke and big-time college athletics will be a thing of the past. Seriously, what a joke all of this is! A real shame.
Online education is not anywhere near what in person education is. Whether in elementary school or college. Pretty universal finding with a lot of data coming out of Covid.
Demand for big name universities is only going up. Most schools in the Power 5 conferences, flag ship types, applications are through the roof.
It's the smaller schools without national brands, like the PSACs, where demand is dropping.
Pretty much the general trend seems to be, if I'm going to pay that money for college, its going to be a big name school, not a middling state or liberal arts school.
The difference is it’s actually in the open now-
These kids were always getting paid
Baylor Scheierman expected to go somewhere else due to no promises of NIL dollars, featured role at Kentucky -
According to a report from Kyle Tucker (who is generally always accurate), South Dakota State transfer Baylor Scheierman will likely end up somewhere other than Kentucky. Tucker is hearing that Kentucky likely won’t promise Scheierman’s folks the NIL money and featured role they are looking for...
www.nationofblue.com
Coveted South Dakota State transfer, thought to be going to Kentucky, now will not because Kentucky wont promise him NIL. Boosters probably spent all they had on Tshiebwe. I hate (and love) these college players negotiating. This has to end real quick
The other big difference is you don't have to sit a year if you transfer, now the rich schools, with the rich boosters could look at good players from the poorer schools, like Addison and buy them at any moment, mid career. So why should USC or Bama bother recruiting big classes of high school kids? Just take the 5 stars and then backfill with whoever stars as a freshman or sophomore at the other schools.
Yea, with the rules the way they are, I dont see how the "money runs out." This is the richest country in the world and enough rich guys like college football. I mean maybe if we have another Great Depression but barring that, the money will always be there
So what do these guys get out of this? Just bragging rights? I'd rather fund a bunch of nobody students who can't play sports, so they don't have giant student loans to pay off... and I'm the bad guy
Same as the oligarchs and royal families that own Euro soccer teams. Its real-life fantasy sportsSo what do these guys get out of this? Just bragging rights? I'd rather fund a bunch of nobody students who can't play sports, so they don't have giant student loans to pay off... and I'm the bad guy
I guess, and less responsibility than actually buying some pro sports team.
If I was worth billions, why wouldn't I pay recruits a few million each to hopefully win a NC? You have to spend your money on something.
Why would it though? These boosters have spent years buying new locker rooms and increasing coaching salaries and putting water slides in the players lounges, etc. for no obvious personal gain. Why would paying players be where they draw the line? If anything this is less absurd than them buying more amenities for the team facility that is already first class.
Donations to the schools are tax deductible and if your ego needs feeding they’ll name something after you if you give them enough moola . While I can’t imagine how NIL can be sold to the IRS as anything other than a gift because there’s no way some college hoops or Fb player is worth hundreds of thousands of dollars to their business interests . Will be interesting to see how this all works out . ( I’m sure to some tax considerations won’t be an issue )
Thinking about it, me the bad, classless person to many on this board. I'd rather pay tuition for some regular nobodies so they aren't stuck with giant student loan debt, than enrich A-hole football players
Booster NIL funds are essentially sports marketing companies. Your contribution to the collective, is supposed to yield you a profit. But the collectives are designed to lose money.
