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re: Where are all the advertisements? Kids are being paid millions for their likeness

Posted on 12/15/23 at 12:03 pm to
Posted by narddogg81
Vancouver
Member since Jan 2012
19761 posts
Posted on 12/15/23 at 12:03 pm to
quote:

This is what I thought NIL would be. But it's not. Instead Collectives were established.
you would think there would be a legal component here. in contracts law there is a concept known as consideration. you cant make a blatantly lopsided contract without proper consideration, its what separates a contract from a gift. And the consideration has to be commensurate with the value of whats changing hands. So what consideration are these businesses getting out of the NIL money without the players actually participating in marketing efforts? its very sketchy
This post was edited on 12/15/23 at 4:25 pm
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 12/15/23 at 2:01 pm to
quote:

And the consideration has to be commiserate with the value of whats changing hands.

I hear you, brother, I hear you.









Oh, wait, did you mean "commensurate"?
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