Endorsement Deals Shaping the NCAA Tournament

[visitingcock]

Adam Weitsman says he’s paying $1 million to Syracuse players, and that’s just a start

It's a new ballgame in college sports. Weitsman says he has signed deals with eight SU athletes and is trying to attract top recruits with big money.

www.syracuse.com

An athletic booster is offering one million dollars for SU athletics and an additional million for basketball recruits. Here's a quote from the article:
"Syracuse, N.Y. — Adam Weitsman, Syracuse University’s most high-profile athletics booster, says he will put more than $1 million in the pockets of SU athletes and is offering at least $1 million more to top basketball recruits."

Okay. WOW!

May Syracuse become the one and done capitol of college basketball!

 

[BBallF]

I did not change the conversation. My first statement clearly stated: " SCar pays wbb players 25,000 per year. No signing bonuses for transfers. PERIOD." I then discussed the transparency of our $25,000 NIL collective.

Wanna' find something potentially insidious about us to worry about or to blame IF we get a top rated transfer to one of the best wbb programs in the country?

Here ya' go. Klutch Sports represents wbb players in finding NIL opportunities. It even represents high schoolers before they commit to a college. The WBB division is headed by Jade Li English. She is a former Gamecock track athlete and daughter of Gamecock homegrown basketball legend, Alex English, who is now a member of schools board of trustees.

Yeah, Jade Li represents 2023 Number 1 recruit, Judea Watkins. We were one of three finalists for her (unfortunately she chose the wrong SC ). So, did a Southeastern school only have a shot at that Cali prospect only because of her agent? Perhaps Jade Li can offer transferees private NIL opportunities.

But I'll ask you. What "transfer 'bonuses' 0r enrollment 'bonuses' disguised as NIL" does LSU offer? Or UConn? Or Notre Dame? Or Stanford? Can you answer the question about any school? Let's say that's why I took exception to your post singling out SCar. Can you point to ANY school (other than Miami) and say: They (or their alums) do or do not pay signing "bonuses?"

I never said that SC actually did it. I was just raising all the questions about the system that has been created. Do you really want an auction for high school players? Do we really want them to have agents and take their cut of the mysterious sign on bonus? How about contracts? Do the coaches take the agents calls when the player is unhappy for fear of the transfer portal? If they break a contract do the same rules apply? The problem is that this payment part of the sinister two punch combination of both NIL to begin with and then the portal is private and probably only known to the donor, the player and the IRS, hopefully. It is what we call 'fraught with peril". I see the big schools with the big alumni in major sports dominating the landscape in the future. It didn't happen in men's basketball this year due to the Covid year but that is gone in two seasons. 5th year seniors are a proven valuable commodity.

 

[azfan]

SCar pays wbb players 25,000 per year. No signing bonuses for transfers. PERIOD.

So, what does UConn pay?

Very interesting. Thanks for this information.

This is a huge step in the right direction in terms of transparency and making the first step toward the promise of a free liberal society.

I think you end with a great question and while it's directed at UConn I believe it's more broadly an indictment of the vast majority of schools that have made the decision to live in an opaque world for a wide variety of reasons.

 

[visitingcock]

Very interesting. Thanks for this information.

This is a huge step in the right direction in terms of transparency and making the first step toward the promise of a free liberal society.

I think you end with a great question and while it's directed at UConn I believe it's more broadly an indictment of the vast majority of schools that have made the decision to live in an opaque world for a wide variety of reasons.

It really was directed to the poster to whom I was responding and who hurled an "indictment" at SCar. Its not really an indictment of what any school does. It's an indictment who fans who think "University of X does it because they have big alumni/tv money" while not bothering to learn what their own school does.

 

[adc]

Can't read the NY Times article.

Billionaire Miami attorney John Ruiz has paid out upwards of $10 million this season to Univ of Miami Men's and Women's basketball teams. He has enticed several players to transfer to Miami..

At the same time the state of Florida has improved their NIL laws to better favor their athletes over other competitive NIL states. Florida's New NIL Law Removes Potential Restrictions for Student-Athletes | RumbergerKirk.

Going to be hard to compete with this.

RE: can't read NY times article..... I just click his link and it opened right up.... I have no "subscription" with them... try it again... I am using a computer... not my iPhone

The Endorsement Deals Shaping the N.C.A.A. Tournaments (Published 2023)

Both Miami’s men’s and women’s teams made deep runs in March. Their athletes also had significant backing in the form of name, image and likeness deals.

www.nytimes.com

.

 

[BBallF]

It really was directed to the poster to whom I was responding and who hurled an "indictment" at SCar. Its not really an indictment of what any school does. It's an indictment who fans who think "University of X does it because they have big alumni/tv money" while not bothering to learn what their own school does.

You still don't get it. It's not about what SC or UCONN or LSU does, it's about what any school or booster or corporate sponsor run by a booster CAN DO because of the nature of the system that the NCAA created. Believe me, I know all about proof and indictments and I was not accusing SC of impropriety. I was merely challenging your pie in the sky view of the new system because there is always going to be a part of the NIL and transfer portal we will never see and I believe that is the Achilles heel of the entire new NCAA structure. It's started already. Instead of "Sneakergate" we will have "Boostergate". U of Miami was 11-11 in the Covid year of 2020-2021, then 21-13 in 2021-2022 and won one game in the NCAA. In 2022-2023- they went to the Elite 8 only to lose to the eventual National Champ LSU. The penalties were not even levied for the money but rather the allegedly recruiting type behavior of a donor. The "harsh" penalties imposed, one year on probation( so be cool for a year), minor recruiting sanctions, and a 3 game suspension for the coach. Nothing to prohibit contact with the alleged booster.Typical NCAA weakness. So is it worth it to use the money? You decide.

 

[sun]

So, what does UConn pay?

It's been posted here before that UConn pays all athletes $6K per year for getting good grades.

I figure that UConn uses a subsidiary (like a shell company) to deal with NIL merchandise contracts.
That way the school can sell UConn licensing fees and leave the NIL stuff for the subsidiary to work out.
The NCAA requires that all NIL contracts be reported to the school but they don't make the details public.
Some major NIL contracts get reported by the media but are usually thin on providing details.

The other day I saw a beer billboard on I-84 East congratulating the UConn Huskies men for winning the NC.

 

[zls44]

Adam Weitsman says he’s paying $1 million to Syracuse players, and that’s just a start

It's a new ballgame in college sports. Weitsman says he has signed deals with eight SU athletes and is trying to attract top recruits with big money.

www.syracuse.com

An athletic booster is offering one million dollars for SU athletics and an additional million for basketball recruits. Here's a quote from the article:
"Syracuse, N.Y. — Adam Weitsman, Syracuse University’s most high-profile athletics booster, says he will put more than $1 million in the pockets of SU athletes and is offering at least $1 million more to top basketball recruits."

About that.

 

[visitingcock]

You still don't get it. It's not about what SC or UCONN or LSU does, it's about what any school or booster or corporate sponsor run by a booster CAN DO because of the nature of the system that the NCAA created. Believe me, I know all about proof and indictments and I was not accusing SC of impropriety. I was merely challenging your pie in the sky view of the new system because there is always going to be a part of the NIL and transfer portal we will never see and I believe that is the Achilles heel of the entire new NCAA structure. It's started already. Instead of "Sneakergate" we will have "Boostergate". U of Miami was 11-11 in the Covid year of 2020-2021, then 21-13 in 2021-2022 and won one game in the NCAA. In 2022-2023- they went to the Elite 8 only to lose to the eventual National Champ LSU. The penalties were not even levied for the money but rather the allegedly recruiting type behavior of a donor. The "harsh" penalties imposed, one year on probation( so be cool for a year), minor recruiting sanctions, and a 3 game suspension for the coach. Nothing to prohibit contact with the alleged booster.Typical NCAA weakness. So is it worth it to use the money? You decide.

Ok. Peace

 

[Twolf]

You still don't get it. It's not about what SC or UCONN or LSU does, it's about what any school or booster or corporate sponsor run by a booster CAN DO because of the nature of the system that the NCAA created. Believe me, I know all about proof and indictments and I was not accusing SC of impropriety. I was merely challenging your pie in the sky view of the new system because there is always going to be a part of the NIL and transfer portal we will never see and I believe that is the Achilles heel of the entire new NCAA structure. It's started already. Instead of "Sneakergate" we will have "Boostergate". U of Miami was 11-11 in the Covid year of 2020-2021, then 21-13 in 2021-2022 and won one game in the NCAA. In 2022-2023- they went to the Elite 8 only to lose to the eventual National Champ LSU. The penalties were not even levied for the money but rather the allegedly recruiting type behavior of a donor. The "harsh" penalties imposed, one year on probation( so be cool for a year), minor recruiting sanctions, and a 3 game suspension for the coach. Nothing to prohibit contact with the alleged booster.Typical NCAA weakness. So is it worth it to use the money? You decide.

It’s not just for the best players either, it’s also tied to has the most followers on social media too. I’m sure it would surprise most UConn fans that the Cavinder twins on Miami’s women’s squad, who today announced they wouldn’t use their Covid year of eligibility, have 5 million more followers than Paige. Their NIL earnings are nearing 2 million $, and are in the top five of all female athletes, along with being in the top 10 of all college athletes. Florida has recently updated their NIL laws, making them more athlete friendly, hoping to attract players to their schools. I have no idea where this arms race in college sports will end, but until there are nationwide laws and regulations I assume it’s the Wild West, & any school with willing wealthy benefactors will have a leg up & the rich will get richer. JMO

How much do the Cavinder twins make? Haley, Hanna Cavinder net worth & NIL deals for Miami basketball sisters | Sporting News

Here's everything you need to do about the Miami duo sweeping the nation as they live a double life as influencers and collegiate basketball players.

www.sportingnews.com

 

[HuskyNan]

First of all, that case doesn't say what you think it does. It occurred after the NIL rules was adopted and only involved the regulations the NCAA adopted pursuant to it. Secondly, what about the U. of Miami booster who gave 10 million to the men's and women's basketball teams? What about the boosters all over the country who gave money to the various NIL funds? To say that only commercial sponsors and merchandise sales funds are going into these funds cannot possibly be true. I will test the proposition myself. I will send $ to a random college athletic NIL fund and see if it is returned.

You are incorrect. The Supreme Court allows athletes to profit from their NIL, not the NCAA

Business of Football: Supreme Court Sends Message to NCAA

It's rare for sports cases to reach the highest court in the land, but a unanimous decision is a harbinger of much larger industry changes to come.

www.si.com