Overtime Elite grabs another… | Page 2 | The Boneyard

Overtime Elite grabs another…

A good avenue for kids that can't academically qualify anyway, but a huge gamble for the rest. Sadly, if this doesn't pan out for them, sadly I don't see bright futures. I bet most top recruits don't even for a second consider the possibility that they won't make it big in the pros. Hoop dreams.
 
BGesus4 said:
All you have to do is look at the investor list to see if it has legs. I wouldn’t take it lightly.
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Lebron, Melo, Durant, and others. And at least they don't have the hypocrisy of having to go to class to stay eligible. In Europe these youth development programs are the normal. I'd bet a few posts in this thread won't age well
 
Dean Wormer said:
Lebron, Melo, Durant, and others. And at least they don't have the hypocrisy of having to go to class to stay eligible. In Europe these youth development programs are the normal. I'd bet a few posts in this thread won't age well
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Copy that!!
 
Zonepress said:
Copy that!!
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That's not a league man. The perpetual argument that tops 5 HS grads per year can play/make a pro league applying a rule change or completely trashing the college system with 5,000 players. But there is no doubt room for something other than college and its likely the G-league.

College hoops has been screwed up since ? 1970s and is only getting exponentially worse. Money mostly corrupted what at least had a solid foundation and was once good. OTE seems to be starting with corruption of money and working backwards.
But I'm definitely wicked scared that three years from now Dean Wormer throws me outta here cuz I've been on double secret probation for an internet opinion.
 
It only hurts the Dukes and Kentucky’s of the world who would get the blue chippers and said they developed them. It’s a new landscape now in college basketball.
 
Until this league has a real schedule I don’t think we can judge if it will last. Right now they are scrimmaging aau teams…if they can find a way to play good high level competition it has a chance I guess. I still don’t know if the question of whether this is a league or a team has been answered has it?
 
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huskymedic said:
Nice pocket change to boot (reported as a 2 year contract):

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$650K? Where is that kind of money coming from? What is his contract term and obligations? How much do they charge him for room and board out of that money? What if he flames out, or suffers a career ending injury before he can get to the League, does he have to pay the money back (like that is ever going to happen)? Is the $650K a standard amount paid per player, or, is the amount different for each player depending on management's perception of a player's skill level? If differing amounts per player at that level, would that not ferment jealousy and envy between players?

Just lots of question here on this model......
 
alphasigko said:
$650K? Where is that kind of money coming from? What is his contract term and obligations? How much do they charge him for room and board out of that money? What if he flames out, or suffers a career ending injury before he can get to the League, does he have to pay the money back (like that is ever going to happen)? Is the $650K a standard amount paid per player, or, is the amount different for each player depending on management's perception of a player's skill level? If differing amounts per player at that level, would that not ferment jealousy and envy between players?

Just lots of question here on this model......
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Part of the deal is KO gets like 10% of their NBA contract. Once it cycles through and kids realize how screwed they’re getting this thing is toast
 
alphasigko said:
$650K? Where is that kind of money coming from? What is his contract term and obligations? How much do they charge him for room and board out of that money? What if he flames out, or suffers a career ending injury before he can get to the League, does he have to pay the money back (like that is ever going to happen)? Is the $650K a standard amount paid per player, or, is the amount different for each player depending on management's perception of a player's skill level? If differing amounts per player at that level, would that not ferment jealousy and envy between players?

Just lots of question here on this model......
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Maybe it is similar to the American Idol structure?
 
ColchVEGAS said:
My understanding is Overtime Elite will be making their money on future earnings from the players passing through their program. Or at least that is where the expected bulk of their revenue is going to come from.
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That should bring some interesting future legal matter challenges in contract law, employment etc. if Overtime Elite is still around. Makes me think of Col. Parker and Elvis; John Fogarty etc. Lock them in and force them to buy their way out.
 
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Who r they playing????

They are taking all the national prep schools kids. Shoe companies are not going to want the preps they sponsor to play them.
 
Jbirdp5 said:
It sounds like this place has something in its contracts similar to the one Fernando Tatis jr signed which is universally seen as a horrible deal now. The fine print on these things would be fascinating to read.
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Yes i think that’s exactly what the model is

I’m curious to see how it shakes out IF they ever hit big on one of these prospects. I just can’t picture guys being happy giving up X% of their NBA money to overtime. And yes, I understand that’s what they signed up for, but if someone offered me 650K as a high schooler it would have been impossible to turn down.

This just feels like something that has been attempted and failed so many times in the basketball world
 
Umami Zen said:
Guess I'm dumb..Who do these guys play?
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I don’t think they have any type of schedule yet. Last I heard they are playing “high level” high school teams or something. Haven’t seen anything official so someone correct me if i’m wrong
 
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casual-yardin said:
I know what happened with Tatis. That's the "evidence" that OTE is using the same model?
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I saw an article a long time ago that talked about it, but I haven’t really followed much of it since then. I just looked again to see if I could find anything and the only thing i’m seeing is that no one knows who they are going to play or how they will make money.

So at this point I actually have no idea. They have a huge social media following which will bring in revenue and they have gotten some major donors, but that’s about all I can find right now.
 
rollskies said:
Yes i think that’s exactly what the model is

I’m curious to see how it shakes out IF they ever hit big on one of these prospects. I just can’t picture guys being happy giving up X% of their NBA money to overtime. And yes, I understand that’s what they signed up for, but if someone offered me 650K as a high schooler it would have been impossible to turn down.

This just feels like something that has been attempted and failed so many times in the basketball world
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If they are taking a percentage well into the kids futures this goes from a feel good story about kids being compensated for their worth to them being exploited.
 
Jbirdp5 said:
If they are taking a percentage well into the kids futures this goes from a feel good story about kids being compensated for their worth to them being exploited.
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I read that a while ago, and now I can’t find the article anymore, so I am thinking it might have been false. I agree that it would be a horrible model
 
rollskies said:
I saw an article a long time ago that talked about it, but I haven’t really followed much of it since then. I just looked again to see if I could find anything and the only thing i’m seeing is that no one knows who they are going to play or how they will make money.

So at this point I actually have no idea. They have a huge social media following which will bring in revenue and they have gotten some major donors, but that’s about all I can find right now.
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I saw that as message board chatter at the beginning of all of this but haven’t actually seen it from a reputable source. And given the NIL windfalls the top guys will get now (plus food/housing/etc. already being paid for), I’m not sure the incentive for the players to take on that much risk is there. In the minors example, it’s different because these players are generally living on pennies with no costs covered.

From what I understand, the revenue will theoretically come from sponsorships and media (I assume streaming) rights mainly. I’m very curious to see if the market is really there for what will be a third tier basketball product behind the NBA and high major D1 (with no allegiances of fans to guarantee an audience).
 
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Hey Adrien! said:
Honestly, one-and-done prospects rarely make up the excitement of the college basketball landscape.
Obviously, Suggs was a stud, Cunningham was the best player on OSU and Mobley was a stud too. Barnes was a very good player on Florida State, but maybe their #3 option. Aside from that, did any of these players do much for the college basketball landscape?
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Other than that Mrs Lincoln, how did you enjoy the play? Those guys were a big part of the season and tournament.
 
Lynyrd said:
The funding is covered in the Infrastructure Bill
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They get a percentage of future earnings, I believe. So for Drummond, let’s say 10% of his NBA earnings is $13m - not a bad return on maybe a $400,000 investment - a year or two of pay, coaches, lodging, car, etc.
 
Chief00 said:
They get a percentage of future earnings, I believe. So for Drummond, let’s say 10% of his NBA earnings is $13m - not a bad return on maybe a $400,000 investment - a year or two of pay, coaches, lodging, car, etc.
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Oh boy
 
Jbirdp5 said:
If they are taking a percentage well into the kids futures this goes from a feel good story about kids being compensated for their worth to them being exploited.
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Why are they being exploited now? They get money upfront. The investor, so to speak, gets his return from future earnings. And remember there is risk. A player might not develop, could get injured, could never be an NBA player, could decide the grind is too much and decide to quit to become a dentist.
 
freescooter said:
Why are they being exploited now? They get money upfront. The investor, so to speak, gets his return from future earnings. And remember there is risk. A player might not develop, could get injured, could never be an NBA player, could decide the grind is too much and decide to quit to become a dentist.
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Yeah, the quality of the deal for the kids is related to the profit the investors get, but to the extent they are using future earnings of the kids that do make it to finance paying good salaries to all that enter their league, it’s more of an insurance policy on making it to the NBA for these kids. There are very few spots in the NBA and as we all know rankings are far from an exact predictor of success (not to mention all the other things that can get in the way - injuries etc). So, having a massive NBA contract will be the exception, not the rule, for these kids regardless of the route they take.
 
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