The Kerwin Thread is trending towards being hijacked.... so I thought maybe we can discuss NIL here and leave that thread to Kerwin....
From my understanding, NIL was meant to allow athletes to benefit from their Name, Image and Likeness. Essentially providing income based on the billions they generate.
Early in the piece athletes did that, to varying degrees.... Mando sold his burgers and the twin girls from California made millions on instagram out of horny middle aged men.
It's now become apparent that schools themselves are engaging in the sourcing of such NIL in an out-of-control bidding war for players' services.... Case in point - the reported $400k being offered to Kerwin, a barely used UNC reserve.
Now we're seeing players threatening to move schools if they're not 'paid' enough (Isaiah Wong at Miami). And the follow up from the man i assume is his main 'sponsor', Ruiz saying he won't renegotiate.
It's definately a murky situation which will be taken advantage of in all sorts of ways (this is capitalism of course). But it also provides great life experiences for these athletes.... Say Wong leaves Miami and then doesn't secure a better deal? Say a player "does a Ben Simmons" and refuses to play... and then gets pay stripped from him/her? And lets not forget, NIL is not tax free (unlike the good-old brown paper bags of yesteryear) so players and their families will now need to manage finances, spend appropriately and, gulp, save what they can if they don't have pro-sport prospects once the 4yr gravy train stops.
Plenty to discuss.... keen to hear thoughts.
From my understanding, NIL was meant to allow athletes to benefit from their Name, Image and Likeness. Essentially providing income based on the billions they generate.
Early in the piece athletes did that, to varying degrees.... Mando sold his burgers and the twin girls from California made millions on instagram out of horny middle aged men.
It's now become apparent that schools themselves are engaging in the sourcing of such NIL in an out-of-control bidding war for players' services.... Case in point - the reported $400k being offered to Kerwin, a barely used UNC reserve.
Now we're seeing players threatening to move schools if they're not 'paid' enough (Isaiah Wong at Miami). And the follow up from the man i assume is his main 'sponsor', Ruiz saying he won't renegotiate.
It's definately a murky situation which will be taken advantage of in all sorts of ways (this is capitalism of course). But it also provides great life experiences for these athletes.... Say Wong leaves Miami and then doesn't secure a better deal? Say a player "does a Ben Simmons" and refuses to play... and then gets pay stripped from him/her? And lets not forget, NIL is not tax free (unlike the good-old brown paper bags of yesteryear) so players and their families will now need to manage finances, spend appropriately and, gulp, save what they can if they don't have pro-sport prospects once the 4yr gravy train stops.
Plenty to discuss.... keen to hear thoughts.