The Rise of Superteams in WBB

[oldude]

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We're also going to see athletes in long term deals with clauses that attach their future earnings to the NIL, like this ESPN article I read today. Paying back NIL could be the least of their concerns depending on how deals are structured.

Experts raise red flags about new NIL company

A new company is offering college athletes upfront cash in exchange for a portion of their name, image and likeness deals, an arrangement some consumer protection experts and financial advisers say could prey on young athletes.

www.espn.com

This sounds like a relationship with a loan shark, or more accurately a “payday loan.” Do athletes get their knuckles broken if they don’t pay back the money?

 

[cancontent]

This sounds like a relationship with a loan shark, or more accurately a “payday loan.” Do athletes get their knuckles broken if they don’t pay back the money?

Totally does. Seeing someone like Perkins associated with something like this caught me off guard.

Per the article, Perkins' Nilly team claims that the athletes won't be penalized if their earnings don't pan out as expected, but who really knows if this is true?

 

[oldude]

Totally does. Seeing someone like Perkins associated with something like this caught me off guard.

Per the article, Perkins' Nilly team claims that the athletes won't be penalized if their earnings don't pan out as expected, but who really knows if this is true?

Certainly, Perkins isn’t doing this out of the goodness of his heart. Obviously, he plans to make money by advancing young college athletes cash upfront and then collecting it back + interest and fees from future NIL earnings. If I’m a college coach, I don’t want any of my players anywhere near this scam.

 

[Bigboote]

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We're also going to see athletes in long term deals with clauses that attach their future earnings to the NIL, like this ESPN article I read today. Paying back NIL could be the least of their concerns depending on how deals are structured.

Experts raise red flags about new NIL company

A new company is offering college athletes upfront cash in exchange for a portion of their name, image and likeness deals, an arrangement some consumer protection experts and financial advisers say could prey on young athletes.

www.espn.com