I think this is reasonable. Transfer after 1 year would get the school a 25k buyout, 2 year 50k, etc. this would loosely cover the cost of education and training. Grad transfers should be free since the kid has held up his end of the bargain.
This would still hurt G5 schools, but at least we would get something back. In our case we would get approximately 250k for our trouble. Kind of like a low level free agency.
The flip side would be the scholarships should be guaranteed for 3 years unless an injury settlement is reached or an FCS offer is available to continue playing. This would help ensure these kids get an education and still get to play football.
https://www.forbes.com/sites/leighst...-go-broke/amp/
There is a big downside of NIL not realized yet. The big boys are slinging cash around to get good college players, but the vast majority of the college players won’t even sniff the NFL. Look for expectations and reality to be an issue. Be patient Cajun fans, it will all settle out in 5 years.
Basketball is a train wreck and will only get worse…there’s 350 D1 teams. Football has 130 FBS, and is in no danger of 220 teams moving up. It will be worked out.
NCAA and schools have no control over NIL money. It's all from boosters and rules say school logos can't be used (unless changed recently). All the school does is make sure the NIL deal is good with the NCAA before allowing the contract to be signed. Obviously, some schools will be shady like always.
This is true? I believe it is. Now you local mega rich guy, can both donate to the university and pay joe athlete as much as you want for his signature. You’re a collector trying to get ahead of his future fame.
The only thing the NCAA doesn't want the schools involved in is direct from the way it's been presented. That way no one can file a class action lawsuit against the universities for unfair labor practices. Basically they have just washed their hands of having any pretense of being a haven for amateur sports.
I can tell you when & how this is all gonna end. If it ends there. It's gonna end when a player in the locker room of a college football team ends up shooting one or more of his teammates over money talk. Young hot headed previously poor men plus insane amounts of money is a sure fire recipe for disaster. Does anyone remember the Baylor basketball team? That situation is destined to repeat itself many times over at this rate.
The NIL $$$ will be plentiful initially. However, when these NIL deals start impacting the bottom line of companies or the ROI on the NIL deals doesn't pan out then we'll see how things play out.
Furthermore, who will advise these athletes on the tax implications of these NIL deals?
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