If signed by the governor, schools in Virginia would be able to pay athletes NIL monies directly starting November 15, 2024.
The Virginia house and senate passed a bill that would amend the state's #NIL law.It was sent to the governor for signature last week with an April 8 action deadline.Significantly, it will allow schools to directly pay NIL compensation to athletes starting Nov 15, 2024. pic.twitter.com/bjlIrhXsaa— Mit Winter (@WinterSportsLaw) April 3, 2024
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Comments
Sooooooooo....does this help us or hurt us?
Sounds like it makes it easier to pay the students so I would say helps
It'll make it so Liberty has the ability to pay players at the rate of any school in the nation.
One of many reasons it's all just gross now.
Aw fuck, I didn't think of that.
Helps. Whit has mentioned on multiple occasions that directly paying athletes is preferable to the arms race
It also means as a public university all of those NIL deals will be subject to FOIA
Isn't it just a different arms race though? The schools with the most money - i.e. P2 and some others with huge donors - rather than "independent but affiliated" collectives?
Agree totally. This doesn't change anything about the arms race, it just ends the fallacy that NIL Collectives were "operating independently" of the Athletic Department.
Functionally, it changes little to nothing...schools will still be scrambling to cobble together as much cash as possible--we can just stop pretending like this isn't pay-for-play anymore.
Actually it removes the money lost by having to run an NIL organization. Now like before, just give the money to the school.
I would think they will still need most if not all the NIL collective people to build and administer deals, merch website, etc even if it simplifies who fans are giving the money to. The fact that they would likely now be state employees might actually cost more long term with pensions etc. They could eliminate some liason type jobs but the bulk would stay the same.
Agree..I think the collectives survive but will probably need to consolidate into one entity.
What will change is the middleman who keys the Collectives in on who needs money and what the "market" is will now be able to do so out in the open.
The collectives may take on more of a cash-gathering role while the Ath. Dept. determines how the cash is doled out and to who--which was clearly already happening in some form.
As you can see by the responses to your question- this would very clearly be good and/or bad for us.
Just the answer I was looking for!
Would've helped a few weeks ago
This is bad, gives Liberty a massive leg up in recruiting. They can easily put together a 30 million dollar roster with all the money they bring in.
Not sure this helps based on these figures
Comparison of Athletic Budgets
Oof
The article mentions this, but if we had $EC or B1G money we'd have significantly more money to burn, so comparing us to those conferences isn't apples to apples.
Regardless, we had our worst season of football in three decades that year and we cancelled our final home game of the season against UVA. Obviously football isn't the entire athletic budget but those two factors alone are good for a sizable bump.
I'd be interested in seeing how we fared this past year (2023-2024) given the bounceback in football (and subsequent excitement that brought) and the announcement this week of the record setting year in Hokie Club donations.
But we don't have B1G or SEC money and are near the bottom of the list on AD spending of schools we consider to be our peers. We are being left behind and not just nationally, in our current conference.
Understood. Like I said though, it'd be interesting to understand the impact from the lost home game and the terrible football season.
EdIT: Stupid double post
MAYONNAISE!
You can say that again.
When you make it just about the money, you hurt the efficiency model VT has been working with for decades.
This was the inevitable next step.