mgnelson88
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- Nov 17, 2012
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They haven't proven their value. They're still in high school and nothing says they'll even pan out.Finally these guys are about to get paid their value. $100 handshake in a Billion dollar business isn’t sustainable. If players bust out after getting all that NIL money, that will slow down the NIL money. When that happens, players will want their cut of the TV money. Profit sharing is next.
The one thing I will enjoy is watching various groups get upset because their group isn't receiving NIL deals the way another group is.
$100 hand shake was dirty money probably squandered. Million dollar deals will bring focus to the young men. They have to keep putting in the work to keep getting paid the big bucks. These deals could actually bring structure to their free time too. The success of college players is all about how they spend their free time. I haven’t looked a contract, but I figure their are certain expectations that have to meet to keep getting paid. Once the deals involve millions of upfront guaranteed money like the NFL, then there is no telling how they will react. As long as there are stipulations, like being academically eligible or not under investigation and stuff like that, there is a chance NIL deals can bring focus to the players involved.They haven't proven their value. They're still in high school and nothing says they'll even pan out.
I saw that yesterday on my iphone news app. Didn't bother to read the story and find out the particulars, but that is without a doubt, buying the services of this kid. NCAA opened the door, now it has been taken off the hinges. How, as the op asked, can this be legal? Shouldn't there be something keeping the money guys from signing a high school junior to an NIL deal?
Five-star recruit signs $8 million NIL deal, largest for non-pro athlete
Not sure if everyone has seen this yet:
High junior signs $8 million NIL deal. $350,000 sign on now and then $2 million per year each year he's in college. He can't sign a LOI for the college he's attending yet but he can sign an NIL deal for that school, so that in essence is paying for play now, I don't care how you spin it!
WTH???