KO Signs #1 2024 Recruit

[Jbirdp5]

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.

I think you’d have to admit your making some assumptions here and it’s not quite the tip your cap moment you thought it was.

 

[Drame]

"They don't play games" = false.

Show me their schedule.. Im talking about real games with fans. Not squad A versus squad B. With NIL, just go to college. Its a much richer experience and e.g. coeds / education. OTE is sad.

 

[Drame]

@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.

Dont you think its slimey to be booking contracts with teenagers that extend for years beyond high school and college.

 

[auror]

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.

We know those are absolutely the revenue streams for the Overtime brand itself (Overtime brand merchandise and licensing, Overtime league media streaming and sponsorships).

We just still haven't seen anything that indicates they are making contracts that take a % cut of those revenue streams that the kids generate as individuals with NIL. This was your claim:

Of course, the kid has to pay them a % for his entire pro career, that’s how OTE hopes to make money.

Definitely a percentage on the merchandising earnings by all published accounts. The player contracts are not public record.

If you think guys like Bezos are paying these kids a half a million a year in some cases (according to reports) without getting some kind of return on the $80 million investment, you are dreaming. This article is already out of date. No mention of NIL.

Other professional teams and leagues make money (a lot of money) without siphoning a % of their players' NIL and marketing deals, so it's not like the business model mandates it. It is unwise to assume the OTE does it differently without any actual indication to the contrary.

 

[Drame]

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.

There is a developmental academy model basketball could follow. (Barça Academy - Official Website). OTE isnt it. The players getting paid is idiotic. This meager revenue stream cannot sustain player payments. OTE is surviving on investor cash right now. It's a worse business model than movie pass. And in terms of player development, KO is not the guy. We saw how our players got worse from their freshman years.

 

[uconndogs]

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.

My sense is there is a lot more business prowess on this board than you realize. Good business folks sniff out BS quickly.

Oh.........Bezos' participation in the Series C round was pin money..........for him. Nichol slots..........

 

[Chief00]

My sense is there is a lot more business prowess on this board than you realize. Good business folks sniff out BS quickly.

Oh.........Bezos' participation in the Series C round was pin money..........for him. Nichol slots..........

You don’t get it, and Chief can’t coach you up. Rich guys don’t care less about losing money, no matter how rich, that’s not how they got there in the first place.

 

[uconndogs]

You don’t get it, and Chief can’t coach you up. Rich guys don’t care less about losing money, no matter how rich, that’s not how they got there in the first place.

I am absolutely certain you can't coach me up in business.........absolutely certain.

btw, who said guys don't care about money?

 

[Fishy]

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.

You can’t sustain a basketball league on TikTok views.

 

[Carduccib]

Dave Leitao coaching this league. WHat

 

[Chief00]

You can’t sustain a basketball league on TikTok views.

Beyond monitizing the current, I think one key is how long a lucrative arc these merchandising/endorsements deals have post OTE play and how they get structured.

 

[Chief00]

Dave Leitao coaching this league. WHat

And Ryan Gomes. Have Calhoun coach against them to draw eye balls.

 

[Deleted at users request]

You can’t sustain a basketball league on TikTok views.

I will say Overtime overall is strictly social media based and they do great with Gen Z. That’s their whole target market which is why I think they decided to go the high school league route.

They’re in the 100 thousands in Instagram and probably have a good # of views on YouTube as well but yeah, not sure how much they monetize on all of that and if it’s nearly enough to sustain them.

They may need to get enough players to get that media rights deal with ESPN or fox to last. A guy like Cunningham may be enough to leverage that but admittedly I have no idea how the rest of their schedule, teams, etc is setup. I do find the idea interesting though.

 

[Chief00]

I am absolutely certain you can't coach me up in business.........absolutely certain.

btw, who said guys don't care about money?

That was my sarcastic comments to the various posts about how $80 million is pin money, pocket change or sock draw money. It is but he still wants to make money on it.
My experience is the higher the net worth, the better prepared one must be in the dollar details. They may not know the day to day, but they have the acumen to ask penetrating questions that cut through the BS and lead to how things get monitized.

We know those are absolutely the revenue streams for the Overtime brand itself (Overtime brand merchandise and licensing, Overtime league media streaming and sponsorships).

We just still haven't seen anything that indicates they are making contracts that take a % cut of those revenue streams that the kids generate as individuals with NIL. This was your claim:


Other professional teams and leagues make money (a lot of money) without siphoning a % of their players' NIL and marketing deals, so it's not like the business model mandates it. It is unwise to assume the OTE does it differently without any actual indication to the contrary.

The number #1 player (Jackson) in the country will be getting exclusively compensated in NIL dollars. You can argue all the nonsense you want, but that’s the reality.

 

[auror]

You can’t sustain a basketball league on TikTok views.

The entire media segment is based on monetizing views. Where there are eyeballs there is money. But I agree as a startup they're likely not profitable yet and may never be.

 

[Chief00]

That was my sarcastic comments to the various posts about how $80 million is pin money, pocket change or sock draw money. It is but he still wants to make money on it.
My experience is the higher the net worth, the better prepared one must be in the dollar details. They may not know the day to day, but they have the acumen to ask penetrating questions that cut through the BS and lead to how things get monitized.

The number #1 player (Jackson) in the country will be getting exclusively compensated in NIL dollars. You can argue all the nonsense you want, but that’s the reality.

Name is Cunningham not Jackson.

 

[casual-yardin]

Show me their schedule.. Im talking about real games with fans. Not squad A versus squad B. With NIL, just go to college. Its a much richer experience and e.g. coeds / education. OTE is sad.

You couldn't go to their website and click "schedule"?

OTE will face Dr. Phillips (Florida), Vertical Academy (North Carolina) and Calvary Christian's KT Kings team (Florida) as part of the GA Prep Series on Oct. 29.

Overtime Elite announces 2021-22 schedule, roster for inaugural season