Burton: “We want to be a leader in NIL in Group of Five” | The Boneyard

Burton: “We want to be a leader in NIL in Group of Five”

Status
Not open for further replies.
Numbers are about what I was thinking for NIL.
$1.5m gets you one or two impact players in the $250k-$500k and 10-12 players in the $50k range.

From the article:

During the last week of the season, he said the top of the Group of Five conference teams has $1.5 million in their NIL war chest and UConn had a fraction of that, insiders say a very small fraction, and it arrived too late in the recruiting season.



Screenshot 2023-12-03 162824.jpg
 
It’s nice to see the recent increase in UConn messaging about the importance of adapting to the new NIL world and the apparent effort to create and coordinate an NIL program that is sustainable and coherent. Is there any chance Joly changes his mind and stays, or is his stock too high for UConn at this point and a school with deep pockets has him locked up already?
 
How is the Damelio Collective a for profit entity? What does that even mean? He pockets any money that he doesn't spend?
 

Attachments

  • IMG_5448.jpeg
    IMG_5448.jpeg
    337.9 KB · Views: 234
HuskyAlum012 said:
How is the Damelio Collective a for profit entity? What does that even mean? He pockets any money that he doesn't spend?
Expand ...
For profit doesn’t necessarily mean he is profiting off of it- a lot of the “non-profit” collectives have had challenges proving their non-profit status. A lot of collectives take the money needed to cover operating costs and allocate the rest to athletes
 
As CFB becomes all about money to attract players we just might be able to fairly quickly rise to heights we would have thought impossible just a few weeks ago. We may not have a lot of D1 talent in CT but we do have a lot of wealth here and with UConn being the only FBS program in the State, who knows what might happen. The admin and the collectives need to promote UConn football like never before and openly explain (as Mora has been) the short term and long term ramifications of NIL to the people of CT. I get the feeling that high visibilty appeals for NIL money are something the admin (other than Mora) is uncomfortable with.
 
.-.
coachRD said:
It’s nice to see the recent increase in UConn messaging about the importance of adapting to the new NIL world and the apparent effort to create and coordinate an NIL program that is sustainable and coherent. Is there any chance Joly changes his mind and stays, or is his stock too high for UConn at this point and a school with deep pockets has him locked up already?
Expand ...

For him I don’t think it’s about the money. He wants to get to the biggest program possible.
 
Gotta think that as more and more is openly being said by ADs or former ADs in regards to the split in college sports, the school.is leaking that without our FB team being viable and successful, our bball teams are going to get left behind. We're almost too late to the game but it's time to move on this now. I wouldn't put it past AD Dave putting that word out because it is the reality that the majority of this fanbase, the bball one, doesn't want to acknowledge.
 
HuskyAlum012 said:
How is the Damelio Collective a for profit entity? What does that even mean? He pockets any money that he doesn't spend?
Expand ...

Drew said:
For profit doesn’t necessarily mean he is profiting off of it- a lot of the “non-profit” collectives have had challenges proving their non-profit status. A lot of collectives take the money needed to cover operating costs and allocate the rest to athletes
Expand ...

Drew is correct. It has to do with type of organization (normally LLC) for tax purposes [501(c)(3) normally] for IRS regulations.

D'Amelio was likely setup very quickly so the steps involved to gain 501(c)(3) status were bypassed as there would be no true advantage to having this and the time involved may have caused issues. These collectives are not public charities (donations cannot be deducted) so the is basically no difference between collectives with or without not for profit status.
 
ZooCougar said:
For him I don’t think it’s about the money. He wants to get to the biggest program possible.
Expand ...
Yeah he needs exposure and high level coaching. He's one of the few guys we had this past season with a shot at the league
 
.-.
JMick said:
Yeah he needs exposure and high level coaching. He's one of the few guys we had this past season with a shot at the league
Expand ...

Like I said before. He transferred for the right reasons.

If this were the Big East days he 100% stays. But I don’t begrudge him for wanting to seek his true potential.

It’s not like he quit on the team like Houston and Brewton who are likely the get a $350 deal for their DoorDash account at Samford and Elon.
 
Last edited by a moderator:
shizzle787 said:
Connecticut is the wealthiest state per capita and our AD budget is larger than any of the 24/25 G5 programs.
Expand ...
You are correct on your first assertion but there is a caveat. Most of the wealth (at least here, lower Fairfield county) is owned by grads of ivy league schools, a handful of other elite private universities or very highly rated (UM, UVA) state flagships. Not many are UConn alumni or donors.

Your second assertion is also correct but is quite misleading in context of what we are discussing. Where does our football budget rank when compared to all other geoup of five schools?
 
.-.
FfldCntyFan said:
You are correct on your first assertion but there is a caveat. Most of the wealth (at least here, lower Fairfield county) is owned by grads of ivy league schools, a handful of other elite private universities or very highly rated (UM, UVA) state flagships. Not many are UConn alumni or donors.

Your second assertion is also correct but is quite misleading in context of what we are discussing. Where does our football budget rank when compared to all other geoup of five schools?
Expand ...
76th overall in football budget (as of 21/22). Assuming we are behind P4, that puts us 8th among G5 programs.
 
FfldCntyFan said:
You are correct on your first assertion but there is a caveat. Most of the wealth (at least here, lower Fairfield county) is owned by grads of ivy league schools, a handful of other elite private universities or very highly rated (UM, UVA) state flagships. Not many are UConn alumni or donors.

Your second assertion is also correct but is quite misleading in context of what we are discussing. Where does our football budget rank when compared to all other geoup of five schools?
Expand ...
Many of UConn's most fanatical fans didn't go to UConn and are from the state. It's the pro team for the state. You don't need to be a wealthy grad to donate money to the school.
 
shizzle787 said:
Connecticut is the wealthiest state per capita and our AD budget is larger than any of the 24/25 G5 programs.
Expand ...

There are more than 24/25 G5 programs.

Just because the state is wealthy doesn’t mean the alumni base is the wealthiest in the G5.

The little D3 school with 2000 students I went to has a bigger endowment.
 
FfldCntyFan said:
Drew is correct. It has to do with type of organization (normally LLC) for tax purposes [501(c)(3) normally] for IRS regulations.

D'Amelio was likely setup very quickly so the steps involved to gain 501(c)(3) status were bypassed as there would be no true advantage to having this and the time involved may have caused issues. These collectives are not public charities (donations cannot be deducted) so the is basically no difference between collectives with or without not for profit status.
Expand ...
The D'Amelio Collective is about branding and working with businesses which is not tax deductible. Bleeding Blue for Good is focused on compensating athletes for charitable work which is tax deductible.
 
.-.
superjohn said:
That really means nothing, UConn only started caring about endowment/fundraising fairly recently. Your little D3 school didn't get billions from the state.
Expand ...

It doesn’t mean “nothing”. Endowments don’t come from the state. They come from fundraising.

If we really do have a big density of wealthy alums then they haven’t been giving over the course of history.
 
Status
Not open for further replies.

Forum statistics

Threads
167,628
Messages
4,530,744
Members
10,404
Latest member
RussellHall


Top Bottom