KO Signs #1 2024 Recruit

[Chief00]

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.

(To everyone reading this with a smirk: Yes, I know Chief gets his jollies by eliciting responses like mine. I am only pushing back in this case because his claim sounds plausible, and I believed it at first. I feel that anyone who reads his claim should know that there is no evidence of it.)

The below was from the article you shared, is that easy enough for you? It’s also stated elsewhere - just Google. The concept is no tightly guarded secret.

 

[Chief00]

Minors and contracts are dangerous. Hard to hold someone under 18 to them.

Their legal guardians (parents) are involved.

 

[auror]

The below was from the article you shared, is that easy enough for you? It’s also stated elsewhere - just Google. The concept is no tightly guarded secret.View attachment 75967

This isn't saying they make any % cut on player merchandising, but implies OTE merchandise. Stuff with the logo. They have an entire shop for Overtime merchandise.

Shop Overtime

The official store for Overtime hoodies, tees, and gear. Join the OT fam and be the first to hear about product drops, restocks, discounts and more.

shop.overtime.tv

Honestly, the website is super slick.

 

[gtcam]

The below was from the article you shared, is that easy enough for you? It’s also stated elsewhere - just Google. The concept is no tightly guarded secret.View attachment 75967

But you have to be able to read to understand any of this. Thanks Cheif00 for "making this up"

 

[Get a Job]

But you have to be able to read to understand any of this. Thanks Cheif00 for "making this up"

If you guys are reading the article I posted and coming away with the impression that OTE is taking a cut of players' future professional earnings, there is indeed a problem with reading comprehension, but the problem is not mine.

 

[Chief00]

If you guys are reading the article I posted and coming away with the impression that OTE is taking a cut of players' future professional earnings, there is indeed a problem with reading comprehension, but the problem is not mine.

Sometimes after you strike out, it’s best just to tip your cap to the pitcher and walk back to the dugout.

 

[Kmart]

KO signs #1 2024 player. I know the Glen Miller Fanboys here don’t like KO but OTE/KO is changing the landscape that UConn and other top programs operate in.
It bears watching and understanding how we must adjust.

Watch this story by Kevin Ollie on Instagram before it disappears.

instagram.com

I guess those Glen Miller fan boys include Jim Calhoun. Silly

 

[Chief00]

Professional earnings include endorsements, merchandising, licensing and media deals. Perhaps you are thinking of professional earnings in an overly restrictive manner? The investors just want to make money.

 

[Chief00]

I guess those Glen Miller fan boys include Jim Calhoun. Silly

As you probably know, Jim coached Glen at Northeastern after he transferred from UConn. In some ways, Jim became a type of father figure to Glen.
Jim is always there for his former players. Unfortunately, Glen did not network sufficiently within the coaching profession. Just another part of the bad dynamic that made the KO/UConn thing worse than it needed to be. Because other jobs did not come to Glen after KO terminated him, Glen focused more on extracting revenage on KO, which actual hurt him further in finding a job. What head coach is going to hire someone, who may be viewed as a disloyal assistant?

 

[Drame]

KO signs #1 2024 player. I know the Glen Miller Fanboys here don’t like KO but OTE/KO is changing the landscape that UConn and other top programs operate in.
It bears watching and understanding how we must adjust.

Watch this story by Kevin Ollie on Instagram before it disappears.

instagram.com

OTE is a total joke and I feel bad for any kid that commits to them. They dont play games. NIL destroyed any reason to go to them. Development academies should be attached to pro teams like in soccer. Development academy----> G League----> Pro team. Very Sad.

 

[Get a Job]

Professional earnings include endorsements, merchandising, licensing and media deals. Perhaps you are thinking of professional earnings in an overly restrictive manner? The investors just want to make money.

Let me be clear about what I am not saying: I am not arguing that I know your claim to be incorrect. It may be the case that the league signs contracts with players that entitle the league to some kind of a cut of future earnings, however it might be structured.

Here is what I am saying, for the tenth time: I have seen no evidence of your claim. When I asked you for supporting evidence a second time, after the request was ignored the first time, you responded with a snippet from an article that I shared. The excerpt does not support your claim, although you seem to think it does.

So, at the beginning of this ridiculous exchange, I was simply wondering if you were basing your claim, that OTE takes a cut of athletes' future earnings, on published reports, or something else. Through no intention on your part, you answered my question. I see that your claim amounts to a conspiracy theory. I guess it's not a big deal, because I don't think anyone takes you seriously anyway, but it is a little unfair to present speculation or theories as if they are known facts. A reader who doesn't know better has no reason not to believe someone who matter-of-factly puts forth an opinion or assumption as if it were undisputed truth.

@superjohn is also frequently guilty of this, but, in his case, I think he just types like he would speak verbally, and something gets lost in translation. You, on the other hand, seem to be deliberately disingenuous.

 

[Chief00]

Let me be clear about what I am not saying: I am not arguing that I know your claim to be incorrect. It may be the case that the league signs contracts with players that entitle the league to some kind of a cut of future earnings, however it might be structured.

Here is what I am saying, for the tenth time: I have seen no evidence of your claim. When I asked you for supporting evidence a second time, after the request was ignored the first time, you responded with a snippet from an article that I shared. The excerpt does not support your claim, although you seem to think it does.

So, at the beginning of this ridiculous exchange, I was simply wondering if you were basing your claim, that OTE takes a cut of athletes' future earnings, on published reports, or something else. Through no intention on your part, you answered my question. I see that your claim amounts to a conspiracy theory. I guess it's not a big deal, because I don't think anyone takes you seriously anyway, but it is a little unfair to present speculation or theories as if they are known facts. A reader who doesn't know better has no reason not to believe someone who matter-of-factly puts forth an opinion or assumption as if it were undisputed truth.

@superjohn is also frequently guilty of this, but, in his case, I think he just types like he would speak verbally, and something gets lost in translation. You, on the other hand, seem to be deliberately disingenuous.

You are trying way too hard. Another strike out, tip of the cap and back to the dugout.

 

[casual-yardin]

If you guys are reading the article I posted and coming away with the impression that OTE is taking a cut of players' future professional earnings, there is indeed a problem with reading comprehension, but the problem is not mine.

This. Several posters have taken the stance that OTE takes a cut of future earnings since Ollie started with OTE. Not one has presented any evidence of it being true.

 

[casual-yardin]

OTE is a total joke and I feel bad for any kid that commits to them. They dont play games. NIL destroyed any reason to go to them. Development academies should be attached to pro teams like in soccer. Development academy----> G League----> Pro team. Very Sad.

"They don't play games" = false.

 

[Chief00]

This. Several posters have taken the stance that OTE takes a cut of future earnings since Ollie started with OTE. Not one has presented any evidence of it being true.

Merchandising, licensing, promotion, endorsements and media rights are all part of an athlete’s professional earnings. All have been mentioned in numerous articles. Is your goal to become a bigger clown than @Get a Job ? This is not that difficult a concept.

 

[Fishy]

This. Several posters have taken the stance that OTE takes a cut of future earnings since Ollie started with OTE. Not one has presented any evidence of it being true.

No one can say they do, no one can say they do not.

It doesn’t really matter. The business model just fake it until you make it or run out of cash.

Read one of the interviews with the founders. Lots of breezy stuff with no specifics, like, Fox is paying us $ for our media rights.

They’re selling high school basketball as a product….good luck.

 

[Fishy]

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.

There’s literally no one here stumping for Glen Miller.

It’s a straw man your weird ass keeps dragging out.

 

[CL82]

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.

www.sportsbusinessjournal.com

That’s a good point. I always imagined their business model essentially being analogous to JG Wentworth in their structured settlements. In the right circumstances they will front some money in order to gain money on the backend. But, you are right this is what they say about revenue:

Zack Weiner, Overtime co-founder and president, said the Overtime Elite business model is based on three revenue buckets: sponsorship, licensing and merchandising, and media rights.

So essentially, @Fishy is right, their strategy is, more or less, “Um, views.” I guess we will see how that pans out for them.

For what it’s worth, their business model is more of a threat to Calipari‘s one and done model than to other universities.

 

[CL82]

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.

If by the NCAA responding reactively you mean that the organization essentially curled into a fetal position and hoped for the best, I agree.

 

[auror]

That’s a good point. I always imagined their business model essentially being analogous to JG Wentworth in their structured settlements. In the right circumstances they will front some money in order to gain money on the backend. But, you are right this is what they say about revenue:

Zack Weiner, Overtime co-founder and president, said the Overtime Elite business model is based on three revenue buckets: sponsorship, licensing and merchandising, and media rights.

So essentially, @Fishy is right, their strategy is, more or less, “Um, views.” I guess we will see how that pans out for them.

For what it’s worth, their business model is more of a threat to Calipari‘s one and done model than to other universities.

I don't know how well they're monetizing said views, but they're getting the views. 15 million followers on TikTok. A couple billion views a month.

 

[uconndogs]

Hard to believe they raised the PE for this concept. Although there is so much capital available now you can probably do a raise for just about anything.

At it's core it all feels kind of slimey to me, just like NIL, etc. Not because the kids are making some money, but because there is a certainty that the wrong elements are going to be involved and kids and families that are naive are going to be taken advantage. Of course the kids will get a great education.........sarcasm........

My disenchantment with college athletics is just about complete.

 

[Chief00]

That’s a good point. I always imagined their business model essentially being analogous to JG Wentworth in their structured settlements. In the right circumstances they will front some money in order to gain money on the backend. But, you are right this is what they say about revenue:

Zack Weiner, Overtime co-founder and president, said the Overtime Elite business model is based on three revenue buckets: sponsorship, licensing and merchandising, and media rights.

So essentially, @Fishy is right, their strategy is, more or less, “Um, views.” I guess we will see how that pans out for them.

For what it’s worth, their business model is more of a threat to Calipari‘s one and done model than to other universities.

@Get a Job narrowly defines “professional earnings” as salary, when OTE has been nimble enough to turn on a dime and going forward will likely be providing these “professional earnings” under the umbrella of NIL $’s derived from those merchandising / licensing, endorsements and media rights revenue streams. All of these, at their core, are player created value based. And if they go to college it would be logical to assume OTE would get a cut on the player’s college NIL. True, as some have stated we haven’t been truly told the contract details but if anyone here thinks those details favor the player over OTE, they don’t realize the benefit of being the party who writes the contract and has the ability to offer the money up front.

The likely revenue stream has a long arc on a star player extending years/decades after HS. That I believe is what people here are missing. Additionally, there’s a staff of 5 to do the recruiting and experienced business people running the show. Contrary to what some say here, KO did not found OTE. He is their coach with narrowly defined duties.

 

[auror]

@Get a Job narrowly defines “professional earnings” as salary, when OTE has been nimble enough to turn on a dime and going forward will likely be providing these “professional earnings” under the umbrella of NIL $’s derived from those merchandising / licensing, endorsements and media rights revenue streams. All of these, at their core, are player created value based. And if they go to college it would be logical to assume OTE would get a cut on the player’s college NIL. True, as some have stated we haven’t been truly told the contract details but if anyone here thinks those details favor the player over OTE, they don’t realize the benefit of being the party who writes the contract and has the ability to offer the money up front.

The likely revenue stream has a long arc on a star player extending years/decades after HS. That I believe is what people here are missing. Additionally, there’s a staff of 5 to do the recruiting and experienced business people running the show. Contrary to what some say here, KO did not found OTE. He is their coach with narrowly defined duties.

You haven't even found a source that said they get a % from "professional earnings". You just found a place that says OTE makes money through merchandising and then said "See, they get a cut of his 'professional earnings', the merchandising part." But it was never actually established that the revenue mentioned is from individual merchandising, and they very clearly sell Overtime merchandise. Occam's razor here.

 

[uconndogs]

@Get a Job narrowly defines “professional earnings” as salary, when OTE has been nimble enough to turn on a dime and going forward will likely be providing these “professional earnings” under the umbrella of NIL $’s derived from those merchandising / licensing, endorsements and media rights revenue streams. All of these, at their core, are player created value based. And if they go to college it would be logical to assume OTE would get a cut on the player’s college NIL. True, as some have stated we haven’t been truly told the contract details but if anyone here thinks those details favor the player over OTE, they don’t realize the benefit of being the party who writes the contract and has the ability to offer the money up front.

The likely revenue stream has a long arc on a star player extending years/decades after HS. That I believe is what people here are missing. Additionally, there’s a staff of 5 to do the recruiting and experienced business people running the show. Contrary to what some say here, KO did not found OTE. He is their coach with narrowly defined duties.

huh….

 

[Chief00]

You haven't even found a source that said they get a % from "professional earnings". You just found a place that says OTE makes money through merchandising and then said "See, they get a cut of his 'professional earnings', the merchandising part." But it was never actually established that the revenue mentioned is from individual merchandising, and they very clearly sell Overtime merchandise. Occam's razor here.

I can’t even read this word salad, never mind understand it. Is this concept really so hard to comprehend?

 

[Jbirdp5]

This debate had me interested so I did some googling as chief suggested and found no concrete evidence that they were taking a chunk of future earnings after players left OTE. I thought I had remembered seeing it somewhere also but now can’t find it anywhere.

 

[bigknight3]

I can’t even read this word salad, never mind understand it. Is this concept really so hard to comprehend?

I'll translate. He's saying that this "concept" you continually defend isn't based on any source that actually defends your point. And you continuing to ignore that fact is ridiculous.

 

[Get a Job]

I can’t even read this word salad, never mind understand it. Is this concept really so hard to comprehend?

No one has any trouble believing you are having trouble reading and understanding, trust me.

 

[Chief00]

OTE is a total joke and I feel bad for any kid that commits to them. They dont play games. NIL destroyed any reason to go to them. Development academies should be attached to pro teams like in soccer. Development academy----> G League----> Pro team. Very Sad.

OTE (HS) is competing against Traditional HS not so much college. But, it does change the college feeder landscape and perhaps enables a few players to go directly from OTE HS to pro.

 

[Chief00]

No one has any trouble believing you are having trouble reading and understanding, trust me.

The problem is you and some others don’t appear to have a business background and lack an understanding of how revenues streams (merchandising, licensing, endorsements, media streaming) translates into professional earnings for the players and OTE. This relationship will exist beyond the HS years and that’s is the basis for the 80 million in investment. Reading several posts here, we are being told there is no good rationale for Bezo’s investment. In short, he an ignorant dummy, and these posters are more financially sophisticated. While businesses ultimately succeed or fail and take unpredictable turns due to unexpected events (pandemics, wars, etc); I submit there is a reasonable rationale behind this model. From OTE’s perspective all these revenue streams are proven for professional athletes and will soon have a basis in college with NIL. OTE gets in on the ground floor with a player and the revenue stories get built above that.