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re: Georgia's Name, Image, and Likeness bill signed into law by Brian Kemp
Posted on 5/6/21 at 11:01 am to meansonny
Posted on 5/6/21 at 11:01 am to meansonny
quote:
You dont understand that churches and car dealerships are funneling benefits to players now with no return (i.e. no advertising campaign currently).
I’m plenty aware of what has gone on. But I don’t think y’all realize the business opportunity this creates for the booster. The whole point of paying a player under the table until now was 1. To see your team get better and 2. For a select group of people to know you made that happen. Now that it can be out in the open, there’s a legitimate ROI to be obtained from committing dollars to advertising with a certain player. It’s not just ego anymore, there’s actual money to be made by partnering with players now.
Will they continue to funnel money through back channels under the table? Probably. But it’ll be less than what it was when boosters realize they personally can capitalize even more by doing it above board.
quote:
Alright. 1 instagram post per day during ths season. Boom. Service delivered. Hand me my $250k.
Cool. Roughly 21 weeks in a season, that’s about $1700 a post. Sign here, here’s the contact of our PR rep and they will work with you on building what your daily posts need to say, promote, how they should look, and when you should post them. There is a clause in your contract that says if you damage your public image in any way (I.e. get arrested) that we can terminate the deal at any time. We will send you a tax form in January. Glad to have you part of our team!
Posted on 5/6/21 at 11:44 am to tylerdurden24
quote:
Cool. Roughly 21 weeks in a season, that’s about $1700 a post. Sign here, here’s the contact of our PR rep and they will work with you on building what your daily posts need to say, promote, how they should look, and when you should post them. There is a clause in your contract that says if you damage your public image in any way (I.e. get arrested) that we can terminate the deal at any time. We will send you a tax form in January. Glad to have you part of our team!
Again, i think you are making my point.
The player just hands over his name and the marketing agency does all of his posts for him. Paycheck.
And as for taxes, the barbershop will have a resident CPA as part of the recruiting pitch by the school (assuming the financial planner/sports agent hasnt already packaged that aspect for the 18 year old).
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