Yeah I don’t understand the business model at all. If you have a kid that’s not only the number one prospect but also doing things nobody has really ever seen before like Zion then I could see them getting more attention but I’m pretty in tune with all levels of basketball and I didn’t even realize they had a season already.
My understanding is that at least their (OTE) interpretation of current NCAA rules, is that he can somehow receive NIL dollars but earn no salary and then still have the decision at the end of HS of choosing between college or going pro. NIL, which given their investors (Bezos, Durrant, etc.), will be a lay-up. Of course, the kid has to pay them a % for his entire pro career, that’s how OTE hopes to make money.
www.cbssports.com
You (and others, but I think they got the impression from reading your posts) keep saying that, but I have not seen any corroborating statements in media. Do you have a link to any reporting that says OTE will get a cut of athletes' earnings when they go pro?My understanding is that at least their (OTE) interpretation of current NCAA rules, is that he can somehow receive NIL dollars but earn no salary and then still have the decision at the end of HS of choosing between college or going pro. NIL, which given their investors (Bezos, Durrant, etc.), will be a lay-up. Of course, the kid has to pay them a % for his entire pro career, that’s how OTE hopes to make money.
Naasir Cunningham, 2024's No. 1 recruit, signs with Overtime Elite but will maintain his college eligibility
Cunningham is forgoing a salary with OTE to retain the option of attending college later
www.sportsbusinessjournal.com
Definitely a percentage on the merchandising earnings by all published accounts. The player contracts are not public record.You (and others, but I think they got the impression from reading your posts) keep saying that, but I have not seen any corroborating statements in media. Do you have a link to any reporting that says OTE will get a cut of athletes' earnings when they go pro?
The article below mentions three revenue sources for the company, none of which involve taking a cut from players.
Overtime Elite rolls out its pathway to the pros
Backed by $80 million in funding and a bold vision, the Overtime Elite basketball league launches this month, positioning itself as a new pathway to the pros for elite high school players.
This is the reality. NIL kills what they formerly had to offer, moderate amounts of cash. The fact remains that people root for the laundry. That laundry ups the profile of any kid who wears it. Whatever value this kid has, it goes up in a Duke, Kentucky, Michigan, Florida or UCLA...jersey.
Yes, that's what I mean by rooting for the laundry. Even such luminary basketball powers as Holy Cross or Fairfield have more fans and "views" than this ever will.
Bezos has 80 mil in his sock drawer
I don’t know about you but I only became a fan of UConn when Miller joined the staff
Bingo. This is like the WeWork of basketball. You can never underestimate how many dumb rich people are out there.
wont hear about him again until the draft...
This board is loaded with them. The only college job he could get after UConn was D3 courtesy of Jim. Tells you about his relationships with other coaches.
Can you please provide a link to some of these published accounts?
Already provided a link in this thread. You can Google more. The landscape is changing and no one knows what all the impacts are. My view is that the NCAA responded reactively with NIL, it’s not well thought out and there’s going to be much smarter business people exploiting the gaps in all the change.
Well this is officially like playing handball against the drapes. You only linked to one article in this thread, and it does not mention OTE's revenue sources a single time. I have googled it in the past, and I just did some more searching to make sure I'm not crazy. I cannot find anything that even hints at the business model you are suggesting. So either you know something that is not being publicly reported, or you are just making things up. Since you are not claiming the former, it must be the latter.
Your correct. Also, I think many are speaking on this as a negative and not understanding the benefits of this.My understanding is that at least their (OTE) interpretation of current NCAA rules, is that he can somehow receive NIL dollars but earn no salary and then still have the decision at the end of HS of choosing between college or going pro. NIL, which given their investors (Bezos, Durrant, etc.), will be a lay-up. Of course, the kid has to pay them a % for his entire pro career, that’s how OTE hopes to make money.
Naasir Cunningham, 2024's No. 1 recruit, signs with Overtime Elite but will maintain his college eligibility
Cunningham is forgoing a salary with OTE to retain the option of attending college later
