Connecticut Latest State to Allow College Athletes To Profit From Names, Images and Likenesses. | The Boneyard

Connecticut Latest State to Allow College Athletes To Profit From Names, Images and Likenesses.

Fatroony5

Fatroony5

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Awaiting signature from the Governor and would go into affect “in September.”

www.courant.com

Connecticut latest state to allow college athletes to profit from names, images and likenesses

Connecticut has become the latest state to pass legislation allowing college athletes to make a profit from their names, images and likenesses. Max Reiss, a spokesman for Gov. Ned Lamont, said the governor will take a close look at the bill before deciding whether to sign it into law.
www.courant.com www.courant.com
 
curious what the regulatory framework is going to look like both at the ncaa and university levels. seems like the school will need to create a new division within the athletic department to assist with/monitor all of these NIL deals the players are agreeing to.

Without the ability to hire representation the players are going to need assistance reading/negotiating/agreeing to contracts. Not to mention the school also needs to make sure someone doesnt end up with their face on a billboard off 84 advertising the electric blue cafe.
 
bendm said:
curious what the regulatory framework is going to look like both at the ncaa and university levels. seems like the school will need to create a new division within the athletic department to assist with/monitor all of these NIL deals the players are agreeing to.

Without the ability to hire representation the players are going to need assistance reading/negotiating/agreeing to contracts. Not to mention the school also needs to make sure someone doesnt end up with their face on a billboard off 84 advertising the electric blue cafe.
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If Electric Blue Cafe wants to pay a UConn player thousands of dollars for their face to go on a billboard 1) That is probably not a great investment by EBC and 2) the player should 100% be allowed to profit from them.
 
bendm said:
curious what the regulatory framework is going to look like both at the ncaa and university levels. seems like the school will need to create a new division within the athletic department to assist with/monitor all of these NIL deals the players are agreeing to.

Without the ability to hire representation the players are going to need assistance reading/negotiating/agreeing to contracts. Not to mention the school also needs to make sure someone doesnt end up with their face on a billboard off 84 advertising the electric blue cafe.
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UConn has been preparing for this…

-> “We are preparing for the passage of NIL in the very near future,” UConn athletics director David Benedict said. “Like many other institutions, our plans include partnering with a third party that specializes in this space and will help us to educate, inform and serve as a resource for our student-athletes.”

Benedict said UConn will also work with David Noble, director of the school’s Peter J. Werth Institute for Entrepreneurship and Innovation. The goal is to educate student-athletes as they are handling new opportunities to make money.

And the education can include everything from guidance on taxes to investments. “(The Institute) links an ecosystem of resources, programs, academic courses, funding, mentorship, education, and activities relating to entrepreneurship and innovation throughout the university,” Benedict said. <-
 
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UofCT said:
If Electric Blue Cafe wants to pay a UConn player thousands of dollars for their face to go on a billboard 1) That is probably not a great investment by EBC and 2) the player should 100% be allowed to profit from them.
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1) who said thousands of dollars? how about free entry...or idk... use your imagination and 2) there are going to be some limitations on this stuff e.g. preventing students from endorsing companies the university would not endorse themselves like tobacco, alcohol, fire arms, strip clubs etc.
 
Can’t the ncaa still say they’re Ineligible?

they are a private association .
 
bendm said:
curious what the regulatory framework is going to look like both at the ncaa and university levels. seems like the school will need to create a new division within the athletic department to assist with/monitor all of these NIL deals the players are agreeing to.

Without the ability to hire representation the players are going to need assistance reading/negotiating/agreeing to contracts. Not to mention the school also needs to make sure someone doesnt end up with their face on a billboard off 84 advertising the electric blue cafe.
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I can see it now... "Antric Klaiber says "see you at the Blue!"
 
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Storrs South said:
I like that this was not going to happen until UConn picked up the phone and made it happen. They forced the issue on this to ensure athletics didn't get left behind. Props to AD Benedict and co.

How a call from UConn put CT on the path to allowing college athletes to profit and what comes next
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I just think that the fan base completely loses the right to make any more L$U jokes or anything similar after this.

this just means it’s easier for teams like that to get players
 
the Q said:
I just think that the fan base completely loses the right to make any more L$U jokes or anything similar after this.

this just means it’s easier for teams like that to get players
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or you can look at it as leveling the playing field? some income is better than none. even tho they can still make more at other schools the gap between us and the UKs and LSUs of the world shrinks
 
the Q said:
They always could make money.

They just couldn’t go play ncaa basketball
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Ok then I'll rephrase, you know they can now legally make money and play NCAA basketball now right? The NCAA isn't going to declare them ineligible like you suggest
 
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navery12 said:
Ok then I'll rephrase, you know they can now legally make money and play NCAA basketball now right? The NCAA isn't going to declare them ineligible like you suggest
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That’s up to them. Isn’t it?

again I think this whole movement overrates part of this. The tourney is big for laundry, not any individual.
 
bendm said:
1) who said thousands of dollars? how about free entry...or idk... use your imagination and 2) there are going to be some limitations on this stuff e.g. preventing students from endorsing companies the university would not endorse themselves like tobacco, alcohol, fire arms, strip clubs etc.
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I'm sure star UConn players have been going there free of charge since the 80's.
 
UofCT said:
I'm sure star UConn players have been going there free of charge since the 80's.
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think you're just arguing to argue at this point but yeah i had that covered...
bendm said:
...or idk... use your imagination
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Pgh2Storrs said:
Paige Bueckers is going to be a very, very wealthy UConn student.
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It’ll be interesting to watch for sure. She’ll have plenty of opportunities from companies wanting to pay her for Instagram ads alone. She’s closing in on a million followers, definitely can make a lot just from that.
 
Fatroony5 said:
It’ll be interesting to watch for sure. She’ll have plenty of opportunities from companies wanting to pay her for Instagram ads alone. She’s closing in on a million followers, definitely can make a lot just from that.
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Based on her social media profile, she’ll be one of the most sought after commodities in collegiate sports. I can’t think of many athletes in any sport currently who carry the weight that she does
 
Pgh2Storrs said:
Paige Bueckers is going to be a very, very wealthy UConn student.
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Fatroony5 said:
It’ll be interesting to watch for sure. She’ll have plenty of opportunities from companies wanting to pay her for Instagram ads alone. She’s closing in on a million followers, definitely can make a lot just from that.
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From a Andy Wittry article back @ the end of March (I only included Top 10 - article goes deeper):

-> Using as a guide the NIL study from AthleticDirectorU and Navigate Research, which calculated an average annual value of $0.80 per Instagram follower after analyzing the endorsement portfolios of professional athletes, we can also estimate an athlete’s annual earning potential from theoretical endorsements by multiplying his or her number of Instagram followers by $0.80.

Note: For accounts with at least 10,000 followers but less than 100,000 followers, Instagram rounds to the nearest hundred followers. For accounts with at least 100,000 followers, Instagram rounds to the nearest thousand followers. Follower counts are current as of March 25, 2021. Instagram follower data was unavailable for one of the 160 players analyzed.

women’s basketball player/men’s basketball player: Instagram followers (estimated annual earning potential based on $0.80 per follower)

1. Paige Bueckers, UConn: 685,000 followers ($548,000)
2. Hailey Van Lith, Louisville: 673,000 followers ($538,400)
3. Jalen Suggs, Gonzaga: 304,000 followers ($243,200)
4. Zia Cooke, South Carolina: 193,000 followers ($154,400)
5. Sedona Prince, Oregon: 94,400 followers ($75,520)
6. Cameron Brink, Stanford: 88,000 followers ($70,400)
7. Olivia Nelson-Ododa, UConn: 72,700 followers ($58,160)
8. Anna Wilson, Stanford: 66,700 followers ($53,360)
9. Brea Beal, South Carolina: 64,700 followers ($51,760)
T10. Destanni Henderson, South Carolina; John Petty, Alabama: 61,000 followers ($48,800) <-

Note: Incoming UConn WBB PG Azzi Fudd has 160k IG followers.
 
I don’t like the idea but CT has to do it also to keep up with the Joneses ….what stops a dealership paying a kid at Kentucky big money
 
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