NIL Repercussions?

[Louisiana84]

NIL is a legitimate business expense, right? This is going to be the death of college athletics.

[ZoomZoom]

So it is better to be poor than have money. There maybe some who ____ it away but many will have family to help guide them to make correct decisions. I guarantee that if one of my children would be offered significant NIL money, the first stop would be my financial adviser to invest the money. This is the most overblown concern about the NIL. Most won’t get more than a modest amount of money.

You would be the exception.

Many of us could name past multiple UL players with parents that were pushing them thru college like their life depended on it. Throw a player cash and cut out family, that’s going to be interesting.

I was blessed to have a child that’s middle to upper management with a large international firm thank me for only giving “x” towards a b/s degree. The simple observation ones coddled all their lives, especially with no cost college, were the worst employees to manage.

The NFL might play a role fixing this, the quality of employee will be changing.

[zeppelincajun]

What I’m curious about: obviously NIL creates better opportunities for the players at the top. What impact does it end up having for the mid tier players and lower level? Currently there’s 60+ G5 teams and 120+ FCS programs. Does the NIL result in fewer opportunities overall? The G5s and FCS schools already struggle with fan support. Do some departments fold when fanbases throw in the towel on programs that have no chance of competing?

[R1Letterman]

There is no universe where you can convince me that it’s fine for a coach to sign a 10 year $100M contract and players make nothing. The reason coaches have made that much is because boosters weren’t allowed to give money to players.

The free market is at work. If players had no value, they wouldn’t be getting deals. What needs to change is the free transfer rule.

why was it ok for accounting professors to get additional pay from the cpa review courses, and make the students pay extra to attend those courses rather than covering the material and answering their questions during the class time they already paid for? (and if/when the student passes the test the univ can take credit and claim we had x pct pass, and dont pay that student anything)

[R1Letterman]

NIL is a legitimate business expense, right? This is going to be the death of college athletics.

And probably many of the companies, esp factoring inflationary price and salary increases

[CajunRebel]

What are these 18 & 19 year old KIDS gonna do with all that money? How long before they get into the type of trouble $$ causes when you are young, dumb and full of C**. How about driving up to games in limos with their posse. Drugs, sex, bling, etc. etc. Can't see this ending up being a positive for the kids, the program or the university.

You're going to have a really hard time convincing me that it is never in a person's best interest to receive more money than they had before. In fact, I'd bet all the money I have that overall, people who receive financial windfalls end up much better off in the long run than people who don't.

You're also going to have a hard time convincing me that this money will send kids into a spiral of sex, drugs, and rock and roll. They are already able to stay on the straight and narrow just to have a chance at playing football for free. Giving them an NIL payment will give them an even bigger incentive to stay clean, show up on time, and perform at a high level.

Yes, there will always be people who are irresponsible with money. But those people will end up broke with or without an NIL deal. They'll just have a lot more fun in-between with the NIL deal. And of course many others will be smarter and realize this is likely a one-time windfall and they'll invest the money wisely. There will be hundreds of different outcomes because there will be hundreds of individuals making their own financial decisions.

[R1Letterman]

will they have to pay their pell grants and student loans back, or can they get all three every year?

[alum81]

You're going to have a really hard time convincing me that it is never in a person's best interest to receive more money than they had before. In fact, I'd bet all the money I have that overall, people who receive financial windfalls end up much better off in the long run than people who don't.

You're also going to have a hard time convincing me that this money will send kids into a spiral of sex, drugs, and rock and roll. They are already able to stay on the straight and narrow just to have a chance at playing football for free. Giving them an NIL payment will give them an even bigger incentive to stay clean, show up on time, and perform at a high level.

Yes, there will always be people who are irresponsible with money. But those people will end up broke with or without an NIL deal. They'll just have a lot more fun in-between with the NIL deal. And of course many others will be smarter and realize this is likely a one-time windfall and they'll invest the money wisely. There will be hundreds of different outcomes because there will be hundreds of individuals making their own financial decisions.

. According to the New York Daily News, 70 percent of lottery winners end up broke within seven years. Even worse, several winners have died horribly or witnessed those close to them suffer.

[CajunEXPRESS]

So it is better to be poor than have money. There maybe some who ____ it away but many will have family to help guide them to make correct decisions. I guarantee that if one of my children would be offered significant NIL money, the first stop would be my financial adviser to invest the money. This is the most overblown concern about the NIL. Most won’t get more than a modest amount of money.

The first thing to understand is nobody gives two farts about the foolish young men. Most posters are only making an observation on what’s happened to thousands of high draft picks in the NFL. The typical found money person is blown money.

As to would make sure your child gets to investment consular. Yeah that may be your level of influence. It’s not most.

These young men buy mama a house and get tapped by their buddies left and right.

[CajunRebel]

. According to the New York Daily News, 70 percent of lottery winners end up broke within seven years. Even worse, several winners have died horribly or witnessed those close to them suffer.

Like I said, people who are bad with money are going to end up broke with or without a windfall.

And if you consider the type of person who plays the lottery regularly (it skews very poor and financially illiterate,) 70% sounds about right.