Haha I know but it was too easy to pass up when you said "0 minutes to sit the bench at Kentucky." But let's not pretend that him going to Kentucky for half a season didn't pay off with some lucrative NIL deals. Supposedly he turned down $4-5M from some professional organizations to sit the bench at Kentucky for those couple months.
NIL Thread
- Thread starter jessej
- Start date
Haha I know but it was too easy to pass up when you said "0 minutes to sit the bench at Kentucky." But let's not pretend that him going to Kentucky for half a season didn't pay off with some lucrative NIL deals. Supposedly he turned down $4-5M from some professional organizations to sit the bench at Kentucky for those couple months.
I don't know the NBA one and done rules in detail, but, didn't he do this to just, potentially, skirt that one and done rule? I am not sure how this has anything to do with your point about NIL.
He signed a couple NIL deals when he got to campus. Don’t think he would have gotten those same deals at a mid major if he was going to be sitting the bench.
OP
- Thread Starter
- #44
George Mason University | NIL College Athletes
Details on athletes from George Mason University who are being sponsored
nilcollegeathletes.com
NIL deals at GMU
not 100% complete nor accurate
LOL they are all Barstool athletes which means they get free merch... even a club football player conned themselves into that dealGeorge Mason University | NIL College Athletes
Details on athletes from George Mason University who are being sponsored
NIL deals at GMU
not 100% complete nor accurate
OP
- Thread Starter
- #47
NIL gone off the rails
this kid wants more money - or so says his agent - already
Jonathan Givony
@DraftExpress
· 28m
Miami's Isaiah Wong will enter the NCAA transfer portal tomorrow if his NIL compensation isn't increased, his agent Adam Papas told ESPN. "Isaiah would like his NIL to reflect that he was a leader of an Elite Eight team." Story: https://espn.com/mens-college-baske...er-transfer-portal-nil-compensation-increased
View: https://twitter.com/NicoleAuerbach/status/1519868818838855681
this kid wants more money - or so says his agent - already
Jonathan Givony
@DraftExpress
· 28m
Miami's Isaiah Wong will enter the NCAA transfer portal tomorrow if his NIL compensation isn't increased, his agent Adam Papas told ESPN. "Isaiah would like his NIL to reflect that he was a leader of an Elite Eight team." Story: https://espn.com/mens-college-baske...er-transfer-portal-nil-compensation-increased
View: https://twitter.com/NicoleAuerbach/status/1519868818838855681
Pablo
Hall of Famer
Jeff Goodman
@GoodmanHoops
Agents ALL OVER these college guys for NIL because they can make 15-20 percent off NIL as opposed to 4 percent off salary.
5:41 PM · Apr 26, 2022·Twitter
NIL gone off the rails
this kid wants more money - or so says his agent - already
Jonathan Givony
@DraftExpress
· 28m
Miami's Isaiah Wong will enter the NCAA transfer portal tomorrow if his NIL compensation isn't increased, his agent Adam Papas told ESPN. "Isaiah would like his NIL to reflect that he was a leader of an Elite Eight team." Story: https://espn.com/mens-college-baske...er-transfer-portal-nil-compensation-increased
View: https://twitter.com/NicoleAuerbach/status/1519868818838855681
This is just crazy. NIL was supposed to give athletes the ability to earn money off of their Name Image and Likeness not pay for play or to entice kids to go to certain schools. This is the perfect example that it is not the case. Isaiah Wong is basically saying that he won't stay at Miami if Miami (or their boosters) don't pay him more money. NIL was created with the idea that boosters couldn't pay athletes to come to certain schools but that is exactly what is happening. This is bad for college athletics especially at the mid major level. CKE doesn't just have to recruit against the major conference teams, now he has to compete with Kathy McKay against Miami/John Ruiz and his $20 billion net worth. We will lose that battle every single time.
Not trying to single you out, but you are the most recent to make this type of comment so I will use your statement to make my point. NIL wasn't really intended to do anything other than get the NCAA out of legal trouble. Essentially, the supreme court said to the NCAA that you can't keep treating these players like indentured servants, you don't own them, and can't prevent them from making money on their own. So, it wasn't that the NCAA, out of the goodness of their hearts, was like "we have to find a way to allow players to earn some money", they were just doing what they had to do to keep themselves out of court.
Never said that the NCAA did it out of the goodness of their hearts. My point is that this is hurting college athletics especially at the mid major level. NIL was not intended/written to have kids transfer schools because their first school wasn't paying them enough money, which is exactly what is going on with a lot of kids. IMO you can not have NIL and the transfer portal at the same time because kids will go to the highest bidder. Is it good for the athletes, some of them yes. Is it good for the game, absolutely not. I mean shit, a junior in high school received a $8 million NIL to attend/sign with Tennessee...
The NCAA didn’t do anything. Literally. They said we aren’t regulating this. And now we have agents threatening to put kids in the portal unless business give them more money to stay. It’s madness.
Had they done their job and put some guardrails around it, maybe we could get on board with it a little more.
Also, apparently agents are taking 2-3 times the cut on NIL deals than they would on salaries (which are capped at 6%). NIL Agents are going royally screw up college basketball.
Pablo
Hall of Famer
PortalUpdates Retweeted
Jonathan Givony
@DraftExpress
·
2h
Update: Isaiah Wong has elected not to enter the NCAA transfer portal, he told ESPN. Wong will keep his name in the NBA draft, while maintaining his college eligibility. Wong and his representatives have spoken with Life Wallet CEO John Ruiz to discuss their differences (cnt'd)
Jonathan Givony
@DraftExpress
·
2h
Update: Isaiah Wong has elected not to enter the NCAA transfer portal, he told ESPN. Wong will keep his name in the NBA draft, while maintaining his college eligibility. Wong and his representatives have spoken with Life Wallet CEO John Ruiz to discuss their differences (cnt'd)
Pablo
Hall of Famer
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.
"He and his representatives spoke with LifeWallet CEO John Ruiz to discuss their differences surrounding his current agreement, and both sides will continue their partnership moving forward
Ruiz told ESPN's Dan Murphy that Wong's current NIL deal will remain in place.
'Glad Wong didn't enter the portal,' Ruiz wrote on Twitter. 'This is a great youngster and his mom is amazing. The deal remains the same, however, as I said day one I will help him get other NIL deals.'
Wong has been assured that his LifeWallet agreement complies with NCAA regulations for student-athletes and Florida state law."
"In response, Ruiz acknowledged that Wong was 'under contract' and he would not renegotiate the terms.
'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.'
Ruiz has 111 deals signed or pending with Hurricanes athletes to promote his companies, LifeWallet and Cigarette Racing, according to a report in the Miami Herald on Wednesday."
Pablo
Hall of Famer
OP
- Thread Starter
- #57
translate to
I overestimated my value to my current team and realized that if I entered the transfer portal i'd only get offers from a community college. Furthermore i have jeopardized the team chemistry and i must focus on getting the trust and confidence of my teammates. So to save face i will blame it all on my agent - in exchange for raising his fee to 30%. I hope you all read this statement as written and dont read between the lines.
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Pablo
Hall of Famer
"Among people who are not employed by UM, John Ruiz has become perhaps the most significant person in Miami Hurricanes athletics, and he has done it by working to sign more than 100 active Canes athletes to marketing deals to promote two of his companies, LifeWallet and Cigarette Racing.
From a national standpoint, Ruiz was maneuvering under the radar until he announced last Saturday, via Twitter, that Kansas State transfer and standout guard Nijel Pack 'has officially committed to UM as a basketball player. The biggest LifeWallet deal to date, two years $800,000.00 total at $400,000.00 per year plus a car.'"
“'Right now, we’re getting a huge return for Nijel Pack,' he said in a phone conversation Monday. “'Ive almost hit five million [social media] impressions, which is phenomenal. This is a really good investment for the return.'
Ruiz, who has a law degree, wants to make clear that he is meticulously following and abiding by all NCAA rules and Florida laws regarding how college players can benefit from their name, image and likeness."
"Pack’s NIL agent, Austin Walton, said the Ruiz offer 'wasn’t the determining factor' in Pack’s decision to transfer to UM, adding that the Hurricanes 'did an amazing job recruiting Nijel. [Assistant coach Bill] Courtney and [Jim Larranaga] were awesome through and through. Tremendous job actually.'"
"▪ He said that UM never calls encouraging him to offer NIL deals to any particular recruits or players in the portal. Ruiz said he and his sons — who both attended UM, as did his daughter — monitor recruiting and portal news closely, on all social media platforms, and internally discuss the possibilities so they’re prepared."
"Among portal targets being pursued by UM, Ruiz said he doesn’t initiate most of the calls to the NIL agents. 'I got contacted by agents,' he said. 'The agents in the country know us already. Most of the time I get called now, [it’s after] the kid has pretty much decided he will come to UM. Whoever comes to Miami I will provide a fair market deal to."
"▪ He said this is not pay-for-play but pay-for-work, that each of the 111 UM players with executed or pending contracts must make significant time commitments to promote his companies. “They come here and we film just about every Friday,” Ruiz said. 'School comes first, their obligation to team comes second but they’re required to come here and film.'”
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This actually isn’t totally true. An agency paid him 8 million for his NIL rights, meaning no matter where he ends up going, this agency owns his rights. Now, this is a Tennessee agency which also runs the Tennessee collective, so the 8 million was mostly Tennessee donor money. Nico could take that money and sign with Oregon if he wanted to.
The NCAA has effectively told the courts that ruling against the NCAA and opening up NIL is going to be the courts' problem. The courts opened a can o' worms that sat precariously upon the lid of a Jack-in-the-box. Then *BLOINK* ... SURPRISE! Jack bursts out... worms everywhere. Oh, the calamity.
I don't know who is going to stuff Jack back into the box, close the lid, and clean up the all worms. If not the NCAA then who? The NCAA knew full well the impending consequences of opening NIL—the courts didn't. If you think NIL is a shit-show now then just wait a little longer for it to really get going.
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