NIL Thread

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psyclone

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gmubrian said:
There is no restriction on the collectives on paying the players directly. The change is that NIL deals will have be more "true NIL" deals. There will be some sort of NCAA mandatory auditing of the deals (which I predict will set the NCAA up for it's next loss of a future lawsuit when they, effectively, try to say some player is getting paid more than they are worth).
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Portion of article from the Chronicle of Higher Education; making many of the points that Brian has been telling us about:

"The most significant of those potential changes is that colleges would be able to pay their athletes up to $20.5 million — a figure that would go up over the 10 years that the settlement is in place. Although the ink is not yet dry on the settlement, coaches likely already know roughly what share of their college’s sum they will be able to dole out.

“Athletes need to be recruited. Rosters need to be set. Schools need to have plans,” Feldman said.

In November, Yahoo Sports reported on the variety of ways colleges are handling this purgatory phase. Outside organizations that can enter NIL deals with college athletes — known as collectives — are providing them with contracts that will expire or be turned over to the college on July 1, Yahoo Sports reported. Some colleges are signing contracts with athletes already but stipulating that they’re contingent on the settlement being approved.

Another feature of the proposed settlement is that the NIL deals athletes sign with collectives or boosters will be vetted by a third party, not the NCAA. That outside organization is expected to ensure that the NIL deals do not exceed a “fair market value.”

Feldman said there have been few details spelled out about how the organization will work. How will it determine what fair market value is for players when so little data exists on how much college athletes should be paid? “That’s going to be a complicated issue,” he said. But he said whatever the process, it would be geared toward finding and penalizing truly egregious deals. “This is not going to be about questioning whether a $20,000 deal should have been $18,000,” Feldman said. “This will be about a range of reasonableness.”

In addition to signing contracts with players, colleges are adding staff to prepare for the settlement, Feldman said. They’re hiring for general-manager-like roles that will help with scouting, figure out how much athletes should be paid, manage those payments, and decide when to make high-profile hires — such as the University of North Carolina at Chapel Hill’s decision last year to hire Bill Belichick, former general manager for the New England Patriots, to coach its football team.

Feldman said he has not yet seen institutions cut sports, but they are investing less in some to invest more in football and men’s and women’s basketball — the revenue generators. Some have shifted their priorities away from building new facilities in order to keep that money to pay athletes later this year.

Athletics departments are also looking for new ways to generate revenue. Feldman said some have added a “talent fee” to tickets. Others have gotten injections from the main campus. The University of Missouri, for example, gave its athletics department $25 million, plus a $15-million loan, the university announced in January.

Getting that kind of additional funding was always going to be a tough ask for institutions. But between when the details of the settlement emerged last year and this week when the final hearing will take place, many campuses’ finances have cratered. Since President Trump took office in January, his administration has canceled more than $2.4 billion in grants from the National Institutes of Health, almost entirely eliminated the U.S. Agency for International Development, cut from other grant-giving agencies, and frozen additional federal funding at individual colleges.

“It could create more tension between the athletic and research sides of campus,” said Katie V. Davis, an accountant at James Moore who works with athletics departments. She has not yet heard about campuses that had to change their plans for athletics because of the Trump administration cuts, but she expects that will come soon.

Colleges, Davis said, are waiting to see whether all of these cuts are permanent, whether their states might step in with help, or if there are other potential funding sources for research. Campuses trying to plug new holes in research funding may have a harder time justifying funneling millions into athletics in the coming years.

If the settlement is approved, former and current athletes will get $2.8 billion, a sum that will be shared by all Division I colleges. Colleges and the NCAA hope that the proposal will give them a reprieve from the onslaught of litigation they’ve faced in the past few years.

But the settlement “does not address every issue in college sports,” Feldman said. “I think we will continue to see litigation. For those hoping to get equilibrium, I don’t think that’s what this is going to achieve.”

 
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jessej

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gmuballer14 said:
That's good for us. Don't have to deal with bidding war anymore right?
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i don't think so.
Teams may have differing amount of NIL, but also allocate the funds within the team differently.
 
gmubrian

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psyclone said:
Not sure that I fully understand the details of this but thought I'd pass the "gift" article from the Washington Post insofar as it addresses how the Bonnies are dealing with covering costs of paying players:
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Related to the insurance topic in that article, I have long been a critic of the NCAA for not allowing schools to purchase insurance polices for their players in case they have a career ending injury. This came up back when Michael Vick left college early to go pro. Of course he wasn't going to stay in school for free and risk an injury versus taking the pro money. With NIL, etc. payments, this isn't as big of a deal, but, could still be used as an incentive to keep kids in school until they finish their degree if they were insured against a career ending injury.
 
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jessej

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psyclone said:
Not sure that I fully understand the details of this but thought I'd pass the "gift" article from the Washington Post insofar as it addresses how the Bonnies are dealing with covering costs of paying players:
Click to expand...
when you don't have big money multi-millionaire program supporters,
you need creativity and innovation
 
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jessej

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i assume this is after the current proposal is approved by the federal judge
and
this can be a $4 or $5 million deal

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