WSJ: NCAA Proposes Interim NIL policy starting July 1

Full story here. Summary:

Under pressure to overhaul its vision of amateurism in college sports, the National Collegiate Athletic Association on Monday indicated that it would allow athletes in all 50 states to make money from their name, image and likeness as soon as July 1 without forfeiting their eligibility.

According to the Division I Council's proposals, any student athlete in the country will be able to cash in once the policy is approved by the Board of Directors, no matter if their state has a law allowing athletes to profit from their name, image and likeness. The Board is scheduled to vote on the interim policy on Wednesday.

We all knew this was coming, but I didn't think it would come this quick. This could be a free for all. I hope Whit is ready.

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This might be the fastest I've ever see the NCAA move

Never Forget #1 Overall Seed UVA 54, #64 UMBC 74

Then I take it you've never seen them grab their McDonald's bags from a bowl committee.

NC State baseball would like a word...

This seems like a no brainer to me. For all of the NCAA's faults, they should be interested in promoting equal opportunity amongst the athletes. So, even if they are doing it begrudgingly, this should be way better than allowing every state to have differing levels of legislation for NIL. That said, they will probably screw it up somehow.

"A person is smart. People are dumb, panicky dangerous animals and you know it." - K

Anticipated SNCAAAFU inevitable

Never Forget #1 Overall Seed UVA 54, #64 UMBC 74

Matt Brown unearthed this gem. Highly recommend subscribing to Extra Points if you like this stuff. Dude is the king of the free information request.

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Nice! Will the kids names be on the back of the jerseys? Or just numbers ?

I heard about Matt Brown on Split Zone Duo. I'm going to subscribe now.

Honestly the black circle in the background triggered ITS IN THE GAME in my head and I hadnt read a word of what was in the graphic.

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

Hopefully the company they are working with is ready to roll out the gate. Kids need connections for NIL chances in NOVA, Richmond and Hampton Roads/VB in addition to local ones.

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Why is there not a list provided by the school/teams of all Players social media accounts (if player wants it public) that's how these first rounds of deals are going to happen. Social media endorsements, commercials etc.

(Anyone on TKP want to set up a spreadsheet list for the website of all social media accounts by sport so we can follow them and grow their brands?)

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Who is going to be the first VT athlete to appear in a local car commercial?

Prob Dax...

reaaaaallly well done by LSU to highlight their brand and the success their athletes have, and not just the big revenue sports either

Would love to see something similar from our athletic department highlighting our players' successes on and off the field through the years, and even some notable famous Hokies who aren't athletes -- Vick's electric overtime TD run, kam decleating demaryius thomas in the super bowl, Daniel Pereira going #1 overall in the MLS draft, the Deron Washington teabag paulus highlight, bruuuuuuuuuuuuuuuce, angela tincher against the US women's team, Bruce Arians with the Lombardi trophy, Maine and Rell becoming the first brothers to go in the first round... and then include something with Hoda Kotb, Nikki Giovanni, Homer Hickam etc that add to the This Is Home VT family branding.

"Why gobble gobble chumps asks such good questions, I will never know." - TheFifthFuller

Would love to see something similar from our athletic department highlighting our players' successes on and off the field through the years, and even some notable famous Hokies who aren't athletes -- Vick's electric overtime TD run, kam decleating demaryius thomas in the super bowl, Daniel Pereira going #1 overall in the MLS draft, the Deron Washington teabag paulus highlight, bruuuuuuuuuuuuuuuce, angela tincher against the US women's team, Bruce Arians with the Lombardi trophy, Maine and Rell becoming the first brothers to go in the first round... and then include something with Hoda Kotb, Nikki Giovanni, Homer Hickam etc that add to the This Is Home VT family branding.

Narrator: All they got were a few hastily thrown together Pete Morris tweets.

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

Why any hard working/middle class person will donate their money to these athletics programs now is beyond ridiculous. You are donating money to pro athletes

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

You will see donations decrease sharply when some of these endorsement dollars, agents, and marketing deals get announced. Serious question... why do they need donations now?

The smaller sports still will need donations and if I'm not correct I'll stand corrected but cant you donate specifically to individual sport programs? Dont donate to FB if you feel this way but the softball, tennis, soccer smaller non profit sports will still need support.

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

You can, but only donations to the scholarship fund help with getting better tickets to games.

If you're not sure if my comment warrants a "/s", it probably does.

Because and follow closely here. Your donation pays for scholarships. Unless you direct it specifically to something else like facilities, coaches salaries, staff salaries. Why a player making a few hundred or thousand dollars using their NIL has zero to do with them being pro athletes because the school isn't paying them, they aren't being paid for playing the sport. Some of the best previous examples were student athletes who had talents outside their sport and wanted to get paid for it.

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What's the difference between athletes getting paid for endorsements, etc. and a non-athlete getting paid for working at a restaurant or store? People will donate, because they want their school to win. Anyone who's offended by athletes being able to get paid what their worth is clutching pearls.

Do you not understand the difference between the VT Football program's revenue and players signing individual sponsorship deals?

Hokies United l Ut Prosim

While you are correct that there is a difference, there is a long way between perception and reality.

How many people are going to make that assumption? Who is going to explain to them that they are wrong?

The Virginia Tech Athletic Department needs money for salaries, equipment, travel expenses, recruiting, stadium upgrades etc. etc. NIL does not change that.

Athletes going out on there own to make money for themselves does not change any of the above needs, and I'm not sure I'm following the source of where anyone could find this confusing?

Hokies United l Ut Prosim

At what point does the general public tell these schools to fuck off and start funding their own arms races with their own money?

Student Debt is at an all time high and still rising. To hear these schools whine about alumni not giving enough academically and athletically for them to continue building multiple new multimillion dollar facilities every year that don't actually improve the quality of education is growing substantially harder to swallow every year. Eventually people are just going to tell these schools to fuck off, and I would not at all be shocked if these NIL endorsements are the catalyst of it.

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

there is a higher education bubble and I think it will burst in our lifetime

It's always darkest before the dawn ~ Thomas Fuller

But this NIL money isn't going to the school.

It's going to the athletes, who aren't going to turn around and give it back to the program.

Hokies United l Ut Prosim

Do you think the average person is going to care at all about that? Do you think they'll care to even learn about that nuance?

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

I feel like I'm in danger of underestimating the stupidity of the general public, but it doesn't seem like it's all that nuanced to me.

Hokies United l Ut Prosim

It all goes back to the saying, think about the average intelligence, then remember that half of the population is below that.

Honestly though, I know that the NIL and scholarship funds are separate, but I also understand the reasoning of not donating to kids (via the school scholarship fund) who are now being paid to be a part of the team. It may be a narrow sighted point of view, but if a football player is pulling a solid chunk of change and that's the only sport I watch/care about for my school, why would I give my hard earned dollars to the school for track, lacrosse, rowing or whatever other sport that may not be pulling NIL dollars to athletes.

I find myself wavering on how I feel about the whole thing to be quite honest. Maybe market stability in a few years will decisively change my opinion one way or another.

I'll do my best to stay within the CGs: there's no logic to telling an adult they cannot earn money. *EDIT* I meant earn money from NIL type activities that were previously banned *EDIT*

I'm relatively fine with the concept of "schools give them scholarships/books/room & board/gear etc. and shouldn't have to pay them anything else to play the sports, that's their pay" but I'm *not* fine with saying "athletes cannot go earn money outside the sport".

Hokies United l Ut Prosim

I very much could be wrong, but I don't think there was a rule that said athletes can't get a job. I know several D1 athletes that needed to have jobs in order to make ends meet. Their life was nuts, but they did what they had to do. Athletes were prohibited from making money off their NIL, but that does not mean they were barred from getting a job. Someone please correct me if I'm wrong as things could have changed from 15 years ago.

A football player "could" get a job, yes- but it can not be affiliated with his sport or directly with VT athletics. So they can't get a job coaching HS football, and they can't work for the football team/athletic department. So theoretically they could get a job at Cabo Fish Taco, yes. the issue is the time in which to do so while being a major D1 athlete.

I totally understand the time argument, but it is possible.

"athletes cannot go earn money outside the sport".

I was mainly responding to the OP because of the above statement. That is just not true.

I should have clarified that them making money off of their likeness etc. should be fine.

They can "get a job" but really don't have time for that during the year. Let them be sponsored, sell t-shirts, whatever. It's nonsense that the NCAA decided that they can't participate in the free market just because they're athletes on scholarships.

Hokies United l Ut Prosim

I don't see anyone saying the players don't deserve to make money. The debate is around why we are still bankrolling athletic departments through alumni giving when they have more than enough revenue to cover the costs they say they need our money to cover every year. Money the schools have long told us they needed to cover scholarships, the cost of which are now being exceeded in many cases by outside corporate endorsements that are being paid directly to the athletes.

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

Do you have any idea how few players in any sport are going to make anywhere near enough to cover scholarships? Not even these Miami players if they get the full 500 each month will be making enough.

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I don't think we know that yet. It is 7/8. I predict you will be right, but this thing could become a bidding war for roster talent.

"A person is smart. People are dumb, panicky dangerous animals and you know it." - K

In 2016/17 it cost the VT athletic department $24,987 for in state and $41,985 for out of state. That doesn't include the updated cost of attendance paid directly to student athletes nowadays.

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I know it seems like a value that is crazy. 85 x $30k is around $2.5M. That is a lot of money. But, if one program figures out a way to lure talent in at $2.5M per year and succeeds on the field, it will become a bidding war. Is it possible, I have no idea. It would take a very wealthy booster or some type of collaboration that we haven't ever seen before.

"A person is smart. People are dumb, panicky dangerous animals and you know it." - K

And here's the thing, it doesn't all have to come from one place.

It just takes the first arrangement where a school has an arrangement with a sponsor that maybe 25% of their corporate sponsorship gets redirected to a NIL deal for every player on the team, and you can quickly get to the level of the scholarship quickly. Will this happen at VT? Probably not, but you can't tell me that a school like Alabama, Clemson, Texas, Oklahoma, LSU, Ohio State, Michigan, Florida State or any school in a big city like Georgia Tech doesn't have the potential to do it. And that's just for football. When you're talking basketball with a roster of maybe 15 kids? Please, UNC, Kentucky, Duke, UCLA... those schools could do that tomorrow without breaking a sweat. And spare me any argument on what the NCAA does and does not allow, because we all know they are spineless to investigate and punish any school that is able to pull it off. And if it does become a problem, you damn well know a law will be fast tracked in the home state to prevent the NCAA from doing a damn thing about it.

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

There's tons of people mad about the NIL changes who think they should shut up and play.

Hokies United l Ut Prosim

A Friggin Men.... Bottom line- in today's world, why would someone donate their money to subsidize scholarships when that player potentially earns more than they do in a year? Makes zero sense. These players can use their instagram money to fund their own scholarships. that would be a better life lesson for the 99% of them that won't go pro anyway.

You will quickly have players making more money in NIL endorsements than their scholarships are worth. In fact, that will probably become the norm at some of the better schools, especially in basketball.

At a certain point, the backlash from the public will happen. Why should we continue to fund these arms races with donated money when the schools themselves already take in hundreds of millions every year. Why are you relying on us for academic funding when you increased tuition nearly 500% over the past 15 years? Your increased tuition is causing a spike in debt in young alumni, and your pivot over this is to openly debate how you are going to angle to squeeze more money out of these same kids after college by guilting them into alumni giving?

Maybe the problem isn't that people aren't giving enough, maybe its that these institutions need to rein in their complete out of control spending.

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

The arms race bubble HAS to burst. When VT's 12 year old locker room- which was one of the largest at the time - is now mocked as high school level, it's a problem. I know some of it is myth in terms of recruiting but these coaches push for more, more, more facilities- like you said not academic related mind you. It's a joke when you think about it.

Some schools are completely overhauling their facilities every 5 years to stay at the head of the arms race. Like, what the absolute fuck. At a certain point, these schools are just lighting money on fire because they can, not because its necessary. And the vast majority of this burnt cash is coming straight out of the pockets of alumni and fans whom are experiencing a rapid growth of student debt for which salaries are not increasing rapidly enough to overcome.

And now young alumni and current students are seeing athletes, many of whom already graduate debt free, now raking in 5 or 6 figures in endorsement deals, and the schools are saying they still need our money to pay for their scholarship fund?

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

i'm largely with you on this, but remember that the scholarship fund affects more than football and basketball. besides, without the scholarship fund, there won't be football/basketball players to be making 5- or 6-figure endorsement deals.

"Why gobble gobble chumps asks such good questions, I will never know." - TheFifthFuller

there won't be football/basketball players to be making 5- or 6-figure endorsement deals.

The smoke shows on the women's sides can make aggregate 10k+ on endorsement deals. Not trying to be misogynistic, just being honest. Someone like Paige Spiranac is a blueprint for a lot of women athletes.

I agree but if we are being completely honest, an athletic department Shouldn't need me to give donations to stay in the black. They need me so they can overspend to stay ahead of the arms race. When I give to the scholarship fund, I at least do so with eyed wide open knowing they do not actually need my money to fund scholarships.

"A person is smart. People are dumb, panicky dangerous animals and you know it." - K

I think you're really overestimating how much the vast majority of athletes will make from endorsements.

https://opendorse.com/blog/top-100-highest-paid-athlete-endorsers-2019/

In 2019 the professional athlete with the 100th most earnings from endorsements made $75k. Most college athletes will probably be lucky to clear maybe $5k a year once this settles out.

So those endorsements are based on business plans and ROI.

College athletes (football and basketball) have long shown that the money going in does not reflect reality. It was joked that Eric Dickerson had to take a pay cut when he was drafted. Cam Newton was reported bought for ~$200k. No one really knows what the black market economy of college sports has been. Now there is a way to funnel those funds legally.

Even just with donations in the past. Lots of people donated to athletic funds without any tangible ROI.

Athletes going out on there own to make money for themselves does not change any of the above needs

This is where I disagree a little bit... If players can make money from NIL, will they care about how new the weight room is or how good the smoothie stand is? Will the arms race still be necessary? I honestly don't know.

I'm not sure I'm following the source of where anyone could find this confusing?

I also do think there's a lot of people who don't understand the difference between NIL and players being salaried employees. I get it, but unless you're enough of a college sports geek that you're interested in the innerworkings of your athletic department, you may not get it. Anyone who makes blanket statements around "paying the players" clearly doesn't get it.

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"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

Say what you want about Dabo - but He's good for college football AND if he leaves now the TE2VT rumor mill will die a permanent death

It's an unwritten law that it's my lunch pail. I've issued the challenge. If someone outworks me, they can get it.
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TE2VT rumor mill

Is that still a thing?

Now finish up them taters; I'm gonna go fondle my sweaters.

Are you trying to tell me that Dabo was grandstanding to pander to his base?

Why I never

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

At least he interacts with his base.

Even when you get skunked; fishing never lets you down. ๐ŸŽฃ

How about the QBs from FSU and Miami already having their stake set up in an NIL promotion company that started today to book/manage/promote appearances like autograph signings and the like.

Now that's smart.

My question is how does this apply to high school athletes? Like, if a top end recruit wanted to hold an autograph session, can the bag men (or whatever they are now out in the open) for each team that wants him just show up and pay an exhorbitant amount for his autograph? May the best cash offer win?

NIL promotion company that started today to book/manage/promote appearances like autograph signings and the like

So far I've seen this and NIL Insurance companies both smart early to market ideas.

(add if applicable) /s

So who is going to be the first TKP slush fund player to sign autographs for TKP. I say we target some five star recruits.

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

Lax player Kennedy Lynch signs with Barstool. I'm not sure its anything more than free barstool merch but it was on Portnoy's insta story.

If you have Instagram swing on by Kennedy's page.

Bonk

Vroom Vroom

Audible LOL. Well done.

Now finish up them taters; I'm gonna go fondle my sweaters.

Sorry, I like JJ Redick

(add if applicable) /s

Ehhhh not Matt ryan level of hate but close enough for a fuck jj Reddick

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

Buddy of mine went to Cave Spring after JJ had left. His younger brother was still there as a basketball player. He was not as good. On particularly bad nights, opposing fans would chant, in the style of Let's Go Hokies....He's adopted.

Never Forget #1 Overall Seed UVA 54, #64 UMBC 74

High school basketball crowds might be the most savage crowd in US sports. I remember some ruthless chants from high school rivalry games.

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Yeah those high school parents were brutal when I was in highschool.

Like many others have said that went to his HS, he's a good dude. How would your attitude be during a game if the student section was chanting that your little sister gay? She was in middle school at the time. Yeah, I'd be playing with a nasty chip on my shoulder too.

I mean he was a heel, but just because you play a rolls doesn't make you a bad guy, Roddy Roddy Piper seems to be a pretty good guy and he was a heel.

JJ graduated a couple of years after me at Cave. His twin sisters were a couple years ahead of me, played at Campbell I believe. He's a good dude. I know folks are easy to hate on based on what you see on the TV or from the stands, but I know his family well enough to say it isn't justified.

He put in the work. Dude was always shooting at the RAC. He was making noise as an 8th grader. He wasn't given anything, earned every ounce.

If it ain't orange, it better be maroon...and if it ain't maroon, it better be soon!

Yeah he came to a Jeff Capel VCU camp when I was younger took time to talk to everyone individually even with hundreds of kids at the camp, left a good impression

(add if applicable) /s

my wife's claim to fame is that she went to a sleepover JJs little sister hosted when she was in middle school and she got to see JJ shirtless at one point

It's always darkest before the dawn ~ Thomas Fuller

Anybody seen Don Vs idea to cashapp players for performance metrics? I think it's an interesting idea. Player scores a td, cashapp him $7. If a player snags a pick or recovers a fumble send him $2. Few bucks for sacks and stuff like that. Even if a couple hundred folks do it some players could have huge paydays. If VT does it first (and he thinks it's an inevitability) could be a selling point to recruits. I like the idea.

It's always darkest before the dawn ~ Thomas Fuller

That specifically is against the rules. Both NCAA and most states NIL laws.

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The schools can't pay the players for performance. But what about independent people. What's wrong with that?

It's always darkest before the dawn ~ Thomas Fuller

Paying the player based on their stats is 'selling' their performance, NOT their name, image, and likeness. The NCAA rule distinguishes between things.

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NCAA toothless anyway

It's always darkest before the dawn ~ Thomas Fuller

It also falls under a lot of anti gambling laws.

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every law has a loophole. people will find it.

It's always darkest before the dawn ~ Thomas Fuller

Zblaetz LLC. We are an influencer. I collect cash and then we give it to the player to tag me in a post.

Yeah thank god this can't happen, at least for now.

I honestly wouldn't watch if this was a thing. The selfishness of the play that resulted would be awful.

Coaches still decide who plays. Players can't be too selfish or they won't play

It's always darkest before the dawn ~ Thomas Fuller

And the company came out and said they are doing this to get more players to go to HBCU schools

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

So we found out last night you can pay players for personal appearances. Your podcast, your party, your tailgate. This might be fun

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Oh it is going to be a mess. What I am interested in though is how it levels out after people learn what is and isn't a waste of money. Regardless, I do not see any scenario where bag men aren't absolutely legal now.

"A person is smart. People are dumb, panicky dangerous animals and you know it." - K

What I am interested in though is how it levels out after people learn what is and isn't a waste of money.

After three years the market will balance. You'll see most players getting a few hundred or less each year, and handful getting in the thousands, and maybe 5-10 players getting close to 5-digits.

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I suspect the same. The only thing I am unsure of is recruits/transfers. A booster can affect the skill on the team if he/she pays to get them into the program. Same to keep a star if you think they might leave. Could see some bidding wars. But, I agree that there is only so much cash to throw around.

"A person is smart. People are dumb, panicky dangerous animals and you know it." - K

Sounds like the more popular ones might need an assistant dedicated to managing their schedule. What's the current rule on agents, again?

They can get an agent but the contract HAS to have a clause where there is no requirement for future work ie NFL.

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Lot 18 Crew, I bet Boots would stop by a tailgate. Everyone chip in $10 and some BBQ and Troy will get there.

I am not sure what to do with my hands now

Virginia Tech athletics should help all athletes get on Cameo ASAP.

Seems like the easiest way to monetize NIL. Though it could also be an avenue for the most direct/sketchiest pseudo pay for play.

Yes,that's the Hokie Bird riding a camel. Why'd you ask?

Are students required to disclose how much they make from NIL?

on their taxes yes

Yeah, that's where a bunch of them are going to get burned. Hopefully there is someone in the programs going over the records keeping side of things.

...so can TKP sponsor a student-athlete? Just kicking the idea in my head, could be a similar setup to Mark Titus' Club Trillion Scholarship. Would maybe get more people to join the TKPC.

Probably needs to be the other way around... Joe needs more TKPC members before TKP can sponsor an athlete.

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Nah we just need ONE Hardee's franchise owner

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

Durex and Trojan better start sponsoring soccer/lax/hockey/field hockey goalies

Never Forget #1 Overall Seed UVA 54, #64 UMBC 74

How long before the first player changes their name for a sponsor?

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"That move was slicker than a peeled onion in a bowl of snot." -Mike Burnop

All in search of the level 7 susceptible

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We could go full dystopian naming.

It's an unwritten law that it's my lunch pail. I've issued the challenge. If someone outworks me, they can get it.
Darryl Tapp

The first movers haven't been a surprise so far... UNC and Miami but VT needs to get a similar arrangement to UNC yesterday.

Group licensing with logos etc. for 3 or more in one sport or 6 or more across sports. At the very least this all but guarantees UNCs rosters will be in upcoming video games.

https://goheels.com/news/2021/7/20/general-unc-and-the-brandr-launch-gro...

Yes,that's the Hokie Bird riding a camel. Why'd you ask?

This agreement also somehow allows the players to use UNC logos and branding in their NIL deals which was explicitly disallowed originally but somehow they've managed to find a loophole for it.

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

shocked UNC is finding a loophole in the system.

Or they didn't and know they won't be punished.

they allowed all students to use the branding, so they're all good

"I have a PLAN. You just need to have a little goddamn faith, Whit. I just need. more. MONEY." - Justin van der Linde

Goes to browse online classes to not attend so I can create Jordan brand appearances for my sport ... Jordan brand speedos, get you Jordan brand speedos!

You know where the ball in the logo is going.

interesting thought i hadn't seen mentioned anywhere and definitely didn't have myself

"Why gobble gobble chumps asks such good questions, I will never know." - TheFifthFuller

If you haven't seen the money the Alabama QB is already taking in you best damn believe some guys will be more comfortable waiting their turn at bigger schools as well. When you have a guy at Alabama who has yet to play a snap for the team taking in over 7 figures in NIL deals before the season even starts you best damn believe it might keep some kids around an extra year

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

I'd bet most NIL deals wouldn't just automatically void for a player going pro though? Like why not get a salary and still have your 7 figures of endorsements.

"Why gobble gobble chumps asks such good questions, I will never know." - TheFifthFuller

Might be worth more to the sponsors as starting QB for Bama or starting SF for Duke than backup QB or left bench for the Charlotte Hornets.

Yes,that's the Hokie Bird riding a camel. Why'd you ask?

I guess one way to look at it is that the NIL money could be more than a low round draft pick would get and maybe coaches can use it to sell more of a your getting good money so stick around and lets see if we can get you even more in the draft after next season. Think a Jerod Evans as a perfect example he went pro due to needing to support his family. With NIL around I would be pretty confident it would've been easier for Fu to sell staying one more year. I do agree though I can see the NIL deals rolling right into the pros.

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

The amount of college football players who will get 7-figure deals is insanely low. Maybe a Reggie Bush or Trevor Laurence level player who is also brand image savvy. Hell, Cam Newton was arguably the biggest 'free agent' in the history of college football, and if you believe the allegations, he got only got ~$250k. The MINIMUM salary in the NFL is $400k. Most players will get 3-4 figures each year, with a handful of players making 5 figures, and a select few making 6 figures.

This notion that the Alabamas of the world will have a 7-8 figure payroll is insane.

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it's also kind of speculation, isn't it? I believe Saban said he thinks he's getting about 7 figures. Good move by Saban - hell of a recruiting tool

It's always darkest before the dawn ~ Thomas Fuller

I dont think we will see anyone ever hit 8 figure but I dont think it would be bonkers to think we will see more star players netting 7 figures at places like texas, USC, oregon, clemson etc where they have filthy rich donors itching to try and give their side a leg up on competition. I'm not saying its going to ruin the game I just think the money involved with the blue bloods is going to be alot more than originally anticipated atleast what I felt it would be and per the original comment it may be enough to sway some players to stay around longer or atleast and extra year here and there.

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

I dont think it would be bonkers to think we will see more star players netting 7 figures at places like texas, USC, oregon, clemson etc where they have filthy rich donors itching to try and give their side a leg up on competition.

No bagmen in cfb were paying kids 7 figures pre-NIL. Why do you think they will suddenly start paying kids significantly more post-NIL?

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Cause 7 figure money is pretty damn hard to hide if you're getting it illegally. Now its all out in the open.

My wife takes the kids and leaves the house while I watch my Hokie games.........nuff said

Yea, I kinda disagree with that. I think that when the dust settles, you'll see more 'bagmen' giving money to players, and more players receiving 'bag' (aka NIL money), but I don't see any one player getting his bag increased by 10-fold.

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I think making it legal with only a few loop holes will potentially see some large increases in amounts donated from those who in the past would donate legally to the programs when they now realize the kind of power they wield with NIL influence. For example is the owner of Nike starts giving out nice Nike NIL deals to all the oregon players the NIKE tank is loaded and that kind of a deal will be a major pull.

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

Oh i dont think youre gonna see a ton of kids gettin that kind of money unless they are the top dogs.....im just sayin that there was no way to get away with givin a kid that kind of $$ before and keeping it hidden... now they can on an endorsement deal and its all legal.

My wife takes the kids and leaves the house while I watch my Hokie games.........nuff said

...or the current Bama QB that has not taken a snap. lol

That kid is making 7 figures but middle class Bama boosters will rush to give him money for his scholarship. Fucking insane logic now.

The Alabama booster insecurity complex is strong... and a cultural staple.

He is donating the money from any call purchased this week to the Make-A-Wish Foundation.

This is a nice touch. Buddy Boeheim doesn't need the extra money anyway.

For the first week - after that its all his. That's a good marketing move (get publicity, and then rake in the income after the first week), so somebody at SU is advising these kids well.

While at Tech he is just giving all proceeds to charity.

Wet stuff on the red stuff.

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I hadn't thought about high school propsects getting in on NIL deals. ESPN article

Explosive scoring guard Mikey Williams won't be eligible for the NBA draft until 2024 and still has nearly two years to decide on college basketball or a pro pathway.

Yet his massive social media following -- more than 5 million followers across multiple platforms -- has allowed Williams to become the first prep basketball star to sign with a major sports representation agency to pursue name, image and likeness endorsements and sponsorships.

Williams, a San Diego native who will attend Lake Norman Christian in Huntersville, North Carolina, and play for Vertical Academy, has signed a deal with Excel Sports Management that Excel vice president Matt Davis said he believes "will generate millions of dollars for this young man."

I guess the next reasonable thought is when can he begin to earn money this way? Immediately I guess? If so this is a new twist that could flip it again if it gets to where these prep school players are already getting paid before college maybe they may pass on the college level instead who knows.

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

I think we're about to go on a wild ride while we watch this whole thing play out

High school athletes becoming millionaires? Nothing potentially problematic about that. Capitalism is a wild ride, but definitely the best option considering the alternatives. Hope the NBA develops some sort of organization to give financial advice to these talented youngsters.

VTCC '86 Delta Company, Hokie in Peru, Former Naval Aviator, Former FBISA, Forever married to my VT87 girl. Go VT!

I haven't dug enough but I'm guessing agents are now allowable for collegiate athletes? If so thats going to be a whole nother angle the NCAA has to figure out

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

Athletes are allowed to hire agents to represent them to brands but not to the NFL. If you've represented a player for an NFL contract negotiation, you cannot represent a collegiate athlete.

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Last I saw was that amateur athletes could now hire representation to help them negotiate NIL deals. The contract with the agent/representation can not include a stipulation that the deal will continue when/if the athlete turns professional. Those agents are supposed to only be involved with the branding deals and not negotiations with any professional leagues (NFL, MLB, NBA, MLS, etc.)

It's an unwritten law that it's my lunch pail. I've issued the challenge. If someone outworks me, they can get it.
Darryl Tapp

Damn this takes closing on a commit to a whole new level

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

It's insane, but I'm happy for him. Cash in while you can.

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Nuts

Alabama quarterback Bryce Young, who has yet to start a game in his young career, has already signed deals using his name, image and likeness that are worth more than $800,000, according to sources.

However, Young has been presented -- but has yet to accept -- deals worth well in excess of $1 million, sources told ESPN.

https://www.espn.com/college-football/story/_/id/31911674/sources-alabam...

In all seriousness, this warms my heart to see a young kid getting paid before risking his health and future for several more years.

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"Everything is proceeding as I have foreseen..."

Good for him, but all this will do in the grand scheme is funnel more top talent towards the $EC, which is exactly what the Mouse wants

I honestly cannot fathom what I would do with $1,000,000 as a college freshman...shit, I can't imagine what I'd do with it as a 38 year old.

Now finish up them taters; I'm gonna go fondle my sweaters.

house, stupid fast cars, fall guy (premium one, not one that works on future financial prospects), personal chef, and someone to take care of things that UNC normally takes care of for their "student" athletes.

I just hope they don't go too wild with all this new found cash, in a college town, finding themselves in trouble...I know I probably would have!

Now finish up them taters; I'm gonna go fondle my sweaters.

I suspect we will be seeing a lot more designer backpacks and clothes on the sideline.

Can you fathom what that family situation just turned into?

Mom and dad, worked their whole lives, maybe at decent jobs - like say his dad is a CDL driver and his mom is a teacher or something. Making, combined, like 100k-120k/yr after two decades of experience.

Their kid goes to college because he's a good football player and he's hoping to make it in the NFL or get an education so he can be solidly middle class when he gets to be your age.

And then BAM! You kid just signed his name to a few pieces of paper and he's going to get paid more at 19 years old than you made in total before you turned 40. He needs an accountant, a broker, and an agent and you don't know anyone that does any of those things or what they're even for.

And suddenly your son is going to be a millionaire by 20. He was dating a cheerleader and going to the prom like 9 months ago.

I'm pretty sure I would be very excited and proud if my child was that successful. I think that's a thing most parents want.

I have no idea what I would have done with that kind of money at 18 (I'm sure it would have been stupid) . But I have a really good idea of what I'd do with it now (33)

It's always darkest before the dawn ~ Thomas Fuller

I'm 39 and I think if I had that money I probably would spend like 75% on hookers and blow and then probably just waste the rest of it.

Nice to meet you Bender.

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

I must have been the odd student in that 18 I was already managing my own stock investment portfolio. I started investing in the market on my own at 13, I got my first job at 12 (paper route).

I started investing in the market on my own at 13, I got my first job at 12 (paper route).

This part in bold is strange to me. It seems completely irrelevant to investing money. You may not be doing this on purpose but the implication here is that people who work early in life understand how to use the money they earn. Alternatively, you're implying that people who don't work early in life don't know what to do with money. That further implies that people who don't know what to do with money when they get it have never worked in their life and that is really problematic for many reasons (many of which I can't go into here due to Guidelines)

I also worked at a pre-legal age (cutting grass) when I was very young and I've had a job of some sort for almost all of my life since I was 10 (grass cutting/landscaping, food service, retail, construction, and professional career) but I can tell you that growing up poor I didn't learn how to spend or manage money at home and I also didn't learn about that in school. Financial literacy isn't something people are born with and it's poorly taught in our education systems. I think it's great that you had access to, the ability to, and the know-how to begin investing at such a young age. I think you need to understand that most people do not have that privilege. Not everyone knows how to manage money, even if they work really hard and earn it honestly.

It's always darkest before the dawn ~ Thomas Fuller

As I said I was odd. The job part was more meant to show where I was investing from. Paper route, fast food service, construction assistant (mostly unpaid intern), restaurants through college, until I started a professional career.

However, I do agree that our educational system really does need to be changed to help people learn to manage money. Most of my education was from my father who had been both a meat packer and janitor over his career.
It doesn't matter what income level you have or background. Maybe not invest in a beginner level class, but how to create a budget, how to balance a checkbook etc.

Virginia public schools require high school students take a basic financial education class to graduate now.

That is actually good news. It wasn't a requirement when I graduated.

I hope it has changed a lot since 2009, but the high school I did my student teaching at was piloting a similar program and it was a major joke. It was being taught to 2nd semester seniors. How much do you really think they absorbed? I had a hard enough time getting the seniors to stay awake in class as that semester came to an end.