Boosters can technically pay athletes as of July 1

[Chin Diesel]

Schools, including UConn, are also setting up staffs (or outsourcing the job to law firms) to help kids navigate these waters. I assume money management, taxes etc are wrapped up in that.

I also knew plenty of kids in college that had plenty of money thanks to their parents. If those of you inferring that athletes won’t be able to handle it because of their backgrounds...well, y’all are big ole (jerk)holes

Reality is many kids playing D1 basketball do come from disadvantaged homes and financial acuity isn't necessarily taught or demonstrated at home. If that makes me a big ole' jerkhole, so be it.

What that has to do with trust fund kids also being irresponsible with money, IDK. Also saw plenty of middle class kids with stable homes who ran up some crazy credit card bills.

So, rather than having some sort of prerequisite, you give all of the players the same training/advice/services and then let the chips fall where they may.

 

[Guapo]

Reality is many kids playing D1 basketball do come from disadvantaged homes and financial acuity isn't necessarily taught or demonstrated at home. If that makes me a big ole' jerkhole, so be it.

What that has to do with trust fund kids also being irresponsible with money, IDK. Also saw plenty of middle class kids with stable homes who ran up some crazy credit card bills.

So, rather than having some sort of prerequisite, you give all of the players the same training/advice/services and then let the chips fall where they may.

Lol I don’t think I was directly responding to you...

 

[Chin Diesel]

Lol I don’t think I was directly responding to you...

Sure seemed like you were.

 

[polycom]

Can’t wait to see a 17 year old kid with no financial planning skills burn thru $30k a year.

This will be a disaster.

kids on tik tok are doing fine this will be so fun to watch. College sports will turn into the nba where fans don’t care about the games they care about the storylines

 

[Guapo]

Sure seemed like you were.




View attachment 68334

The first part was. The second part was more a general response to the concern trolling we’ve seen here and other places “hurr durr I hope these kids know they have to pay TAXES”

 

[Guapo]

kids on tik tok are doing fine this will be so fun to watch. College sports will turn into the nba where fans don’t care about the games they care about the storylines

I would argue college sports has always been just as much as about what happen off the field/court as what happens on it. So this will just add another layer. It’ll be fun and fine.

 

[auror]

One final thought now that you are seeing players start to sign deals - this could INCREASE the amount of time players stay in college, lowering the constant turnover, and increasing both the quality of players in college and the cohesiveness of teams. Currently, the main incentive to go "pro" was the payday. Its an enormous cliff. How many of us said it about Bouk. "If you are a 1st rounder you gotta go." Its because of the all/nothing cliff economics. You gotta take the payday. Some/much of that may be mitigated by the fact that some really high level college players at big marketable brands (UConn, hello) may have higher or equivalent earning potential - or at least more guaranteed income - in college.

For instance, a guy who's a bubble first rounder but an all-conference sophomore at UConn may have 3 years left of solid NIL $$ plus the college lifestyle he is enjoying... vs maybe a non-guaranteed NBA/overseas contract and the possibility he flames out and being a bench NBA guy may have much lower earning potential on social than a bigtime college athlete.

There's alot you disaster theorists haven't quite thought thru with this. That's my point.

Bingo. The Carsen Edwards, Tremont Waters, etc. of the world are much, much more likely to play out their 4 years now.

 

[CL82]

One final thought now that you are seeing players start to sign deals - this could INCREASE the amount of time players stay in college, lowering the constant turnover, and increasing both the quality of players in college and the cohesiveness of teams. Currently, the main incentive to go "pro" was the payday. Its an enormous cliff. How many of us said it about Bouk. "If you are a 1st rounder you gotta go." Its because of the all/nothing cliff economics. You gotta take the payday. Some/much of that may be mitigated by the fact that some really high level college players at big marketable brands (UConn, hello) may have higher or equivalent earning potential - or at least more guaranteed income - in college.

For instance, a guy who's a bubble first rounder but an all-conference sophomore at UConn may have 3 years left of solid NIL $$ plus the college lifestyle he is enjoying... vs maybe a non-guaranteed NBA/overseas contract and the possibility he flames out and being a bench NBA guy may have much lower earning potential on social than a bigtime college athlete.

There's alot you disaster theorists haven't quite thought thru with this. That's my point.

It seems to that there is an implicit assumption that NIL money will disappear after a kid leave college or that NIL rights are the something accorded to a college athletes only. When a kid leaves college to go pro, their followers don't evaporate. They keep their NIL money plus earn a pro salary.

 

[GemParty]

Looks like Buddy Buckets has his own shirt with the Cuse logo. They love making shirts at that school. I’m guessing schools will adjust their rules as they see fit.

 

[Watchdog]

If this is how you think it works sure. I'll listen to my friends who play high major D-1 who explained how recruiting works.

Please share what your friends have to say.

 

[Dogdeacon]

Looks like Buddy Buckets has his own shirt with the Cuse logo. They love making shirts at that school. I’m guessing schools will adjust their rules as they see fit.

Every enterprising kid should make a shirt and find a local sponsorship. Just listened to Titus & Tate talking about how Mark Titus sold shirts while at Ohio St but had to give all the profits to charity while in school. He still had inventory and sold post-grad, so he split the $ with the charity.

I think this could be fun like the 70s 80s era bad commercials featuring local pro athletes. People are over-focused on the future pros who are going to make millions regardless and don't understand the life bettering difference this makes for the kids on the fringe. Now their UConn experience is worth something while they are there and when they graduate. I think UConn fans would love to retroactively pay the Ricky Moores and Rash Jones of the program, going forward they get a slice of the Polley Pie. Personally, I can't wait to get my UConn freshman shirt. I will wear this while eating my RJ Cole-Slaw from the Storrs Price Chopper.

 

[HuskyHawk]

It seems to that there is an implicit assumption that NIL money will disappear after a kid leave college or that NIL rights are the something accorded to a college athletes only. When a kid leaves college to go pro, their followers don't evaporate. They keep their NIL money plus earn a pro salary.

May lose some, will likely gain others. It will work out. Kids who don't go pro can certainly lose followers or interest in NIL deals. Depends on what is driving the interest really. Are the funny? Hot? But in any event they aren't worse off.

 

[The Shot]

I feel bad for Sid Wilson and Jellyfam right now. Missed the window by a few years.

 

[temery]

Riddle me this: Can a school still prohibit players from accepting money for endorsement? I can see someone at the end of the bench taking money to endorse a website in social media, then being told by the school their scholarship would be given to someone else the following year.

 

[auror]

Riddle me this: Can a school still prohibit players from accepting money for endorsement? I can see someone at the end of the bench taking money to endorse a website in social media, then being told by the school their scholarship would be given to someone else the following year.

Yes, I think so. But then of course the player can transfer.

 

[Figurehead]

Here is the first 2 million dollar deal.

With millions of dollars in the bank as a teenager, Miller stated that he'll be putting his newfound money back into the community -- though he will treat himself to a new Tesla as well.


Master P's son, Hercy Miller, signs $2M endorsement deal after NCAA rule change

Hercy Miller, son of rapper Master P, signs $2M endorsement deal ahead of enrollment at Tennessee State

Miller stated that he'll be putting his newfound money back into the community

www.cbssports.com

 

[auror]

Here is the first 2 million dollar deal.

With millions of dollars in the bank as a teenager, Miller stated that he'll be putting his newfound money back into the community -- though he will treat himself to a new Tesla as well.


Master P's son, Hercy Miller, signs $2M endorsement deal after NCAA rule change

Hercy Miller, son of rapper Master P, signs $2M endorsement deal ahead of enrollment at Tennessee State

Miller stated that he'll be putting his newfound money back into the community

www.cbssports.com

He's got 100k+ Instagram followers.

 

[navery12]

I know players can't market themselves in uniform or using the school name, but if they get the school's permission (so basically, if the school gets a cut) would they then be able to make a commercial in uniform? Or is that an NCAA rule?

Apparently the answer is yes, though not the exact same as your scenario. But seems like it would be possible

 

[Guapo]

Apparently the answer is yes, though not the exact same as your scenario. But seems like it would be possible

Interesting

 

[WestHartHusk]

Interesting

That answers that question. UConn will be allowing their logo to be used, no doubt.

 

[auror]

Here is the first 2 million dollar deal.

With millions of dollars in the bank as a teenager, Miller stated that he'll be putting his newfound money back into the community -- though he will treat himself to a new Tesla as well.


Master P's son, Hercy Miller, signs $2M endorsement deal after NCAA rule change

Hercy Miller, son of rapper Master P, signs $2M endorsement deal ahead of enrollment at Tennessee State

Miller stated that he'll be putting his newfound money back into the community

www.cbssports.com

Did anyone look into this?

It's 100% a shell company tax evasion or money laundering scheme.

Look at the web design company's website:

Web Apps America - Website, Mobile, and Designs Experts

Unlimited Website, Mobile, and Design Experts at a fixed monthly price.

www.webappsamerica.com

The press release quotes the CEO of the company but doesn't name them. So funny.

 

[Chief00]

So does this level the playing field with LSU?

 

[polycom]

Please share what your friends have to say.

no

 

[navery12]

 

[bendm]

looking forward to 4 years of sool overlapping with 3 of clingan. future hasnt felt this seemingly secure since 2014.