I wasn't referring to compounding the upfront money. That's nothing in Tatis' equation, or the OTE players' equations.
I do not believe it is the case for this. I've found one article that referenced media/sponsors being the main sources of revenue. I don't think the model would work here since they just don't offer enough above what a major D1 program would (housing/food already paid for, NIL opportunities almost certainly better in college).
www.overtimeelite.com
Yup.
I feel like you're misunderstanding people's reactions to this. I've seen very few people questioning why a player would sign up for a couple hundred grand instead of playing in college. I've seen quite a few questioning how the investors will make this a profitable venture, which is still very much in the air.
Yep, this makes a lot more sense for high school juniors and younger $ wise and possibly basketball wise. The education aspect of the 'school' becomes a lot more important (I have no clue, do they have teachers?) but fans/the public don't worry about that at tennis academies or other similar sports. Plus of course if this is a short-lived deal destined to be gobbled up grabbing the $$ early is the way to go.
There is almost no independently sourced news on OTE other than the player signings. For example they announced IN MAY via their own press release and straight to media statement that they are building a facility for their training and games that implies it opens in September. You'd be hard pressed to announce building a garage in May and have it open by September in current climate of delayed permitting and supply shortages. Lots of sizzle via name drops and $$$,$$$ in all their statements, but no meat.
Steel is in a huge demand shortage. Fencing can take 2-3 months to get. I was quoted 40-72 week lead time for a custom 28 ft trailer because they can't get steel. There is zero chance that facility is anywhere close to starting/ being completed. I would guess it doesn't finish til next year at some point if they have even broken ground yet
The formal education is likely pretense but they do focus on how to do interviews and that has value. Even on the pretense education they have someone with some paper credential from DC to make it look legit.
It’s recruiting - there’s spin and untruths associated with nearly everything. LOL
Chief was told my some posters my threads on OTE weren’t newsworthy or relevant.
I think people are arguing about the long term viability….paying high six figure salaries to juniors in high school is clearly going to attract people. Will investors still want to shell out that money 3 years from now if the league has no tv deal or other money making success is I think what everyone is questioning.
Yes, there is definitely a lot of questions surrounding the viability of the model long term. But again, that doesn’t mean people are surprised that a high school kid will skip school for several hundred grand.
Chief isn’t arguing OTE won’t exploit these kids, it’s just a different approach. The investors will make plenty of money. Some of these kids will make $150m to $200m over 10 years in The League - so take a % to that - let’s say 10% - that’s $15m to $20m. A great return on less than $1m up front. Bezo’s isn’t stupid.
