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re: NCAA President - no sympathy for coaches, not favorable to transfer restrictions
Posted on 2/21/24 at 10:07 am to YStar
Posted on 2/21/24 at 10:07 am to YStar
quote:
People will downvote but it is true. Maybe they could make exemptions against transfers in case of retirements, but when coaches walk out on players for better opportunities and more money why wouldn't players follow their lead?
This should all be addressed with basic arms length transaction contract law. If a coach or school terminates a coaching contract early then there are financial consequences (e.g., buyouts) that are customarily built into contracts to appropriately allocate this risk. Eventually these NIL deals will adjust to multi-deal years with appropriate penalties for early termination as well. I just don't think we are there yet, but it won't take long. That won't completely stop the crazy transfer situation but it will regulate it some when players have financial skin in the game for transferring.
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