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re: What are the rules for CFB players who neglect to perform their NIL duties?
Posted on 12/23/23 at 5:56 pm to PeleofAnalytics
Posted on 12/23/23 at 5:56 pm to PeleofAnalytics
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What are the rules for CFB players who neglect to perform their NIL duties?
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Just because an athlete, in return for a cash payment, allows a business to use his name, image, or likeness in an advertisement, it doesn't mean the player has to do damn thing in return.
That is all sorts of retarded. Just like some swimsuit company can say your contract is cancelled if you put on 50 lbs, a collective can cancel a deal (and possibly collect damages) if you take all the money up front and bolt the next day for their rival. What fricking commercial use is Dreamland getting for some QB if he leaves for Tennessee as soon as he gets his check. His NIL is useless to Dreamland and the athlete knows it. I guarantee these deals are crafted based on marketing metrics. As long as you are on a team for a certain portion of the season and they use your NIL from a certain time to the end (as long as they are still on the team), they meet the requirements of the contract.
You're calling me retarded, and you can't even fricking read, dipshit. My example didn't have anything to do with a fricking collective. My example was strictly about a business arrangement between a business and an individual player arranged on his own without going though the university. Period. And again, as I have already fricking mentioned, I was responding to the OP's question about the NCAA regulating what kids make. If Dreamland gives Milroe a boatload of cash, and then Milroe transfers to Tennessee, and then Dreamland sues him, that's between Dreamland and Milroe. Of course they can sue him if he violates the contract. The NCAA has nothing to do with that, nor does any fricking collective if it was a private deal between the player and the business.
Seriously, dumbass. Learn to fricking read before you start calling people retarded.
This post was edited on 12/23/23 at 5:58 pm
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Posted on 12/23/23 at 5:57 pm to Dallaswho
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I haven't seen anything stating officially that it has to be a "legitimate" amount.
This is for any contract and good faith must be demonstrated if questioned. Otherwise, the money transfer is a gift and tax liabilities are completely different.
Of course. And that's a matter between the athlete and the IRS. Again, outside the jurisdiction of the NCAA...which is what the OP was asking about.
Posted on 12/23/23 at 6:04 pm to StringedInstruments
The same rules Jimbo had to follow in order to get paid megamillions by aggy.
Lol, seriously it depends on what sort of contract they sign either through an NIL brokerage or directly with the business they're repping for. In other words some may have certain penalties if they transfer (such as a local business) but I doubt there are any penalties if they get a deal with a national brand like Dr Pepper or something like that.
Lol, seriously it depends on what sort of contract they sign either through an NIL brokerage or directly with the business they're repping for. In other words some may have certain penalties if they transfer (such as a local business) but I doubt there are any penalties if they get a deal with a national brand like Dr Pepper or something like that.
Posted on 12/23/23 at 6:52 pm to BamaGradinTn
Here's an interesting one for you... this is a situation I was told by someone who would know. Now, *I* don't know, but my contact is definitely in a position to know. So this is secondhand, but I'd say reliably secondhand.
Last year's MAAC player of the year transferred to Florida to finish out 2 years of basketball. He played for Pitino at Iona. Definitely a quality guard, no doubt.
He is supposed to have gotten a $400k NIL deal at Florida for transferring and first year, to be renegotiated for the second year. That's not insane money by NIL standards but absolutely nothing to sneeze at, and it might not be his only deal or three. But still... he's getting a $33K+ check deposited in his account. Every. Single. Month.
I have no idea what he does for taxes. :-) But if you've gotta have a problem... I guess that's a good problem to have to deal with.
Last year's MAAC player of the year transferred to Florida to finish out 2 years of basketball. He played for Pitino at Iona. Definitely a quality guard, no doubt.
He is supposed to have gotten a $400k NIL deal at Florida for transferring and first year, to be renegotiated for the second year. That's not insane money by NIL standards but absolutely nothing to sneeze at, and it might not be his only deal or three. But still... he's getting a $33K+ check deposited in his account. Every. Single. Month.
I have no idea what he does for taxes. :-) But if you've gotta have a problem... I guess that's a good problem to have to deal with.
Posted on 12/23/23 at 6:58 pm to StringedInstruments
I just heard that the NCAA has said that in 2025 a player can transfer every year if they want to with no penalties. Because of what a West Virginia Judge has said.
Posted on 12/23/23 at 9:08 pm to BamaGradinTn
The benefit of the collective is to give a pile of money that they can lie about being for NIL. It’s not. It’s a lie. It’s a cash payment for signing and that my friend is was and always has been illegal. “No inducements may be offered during the recruitment process.”
13.2.1 General Regulation
13.2.1 General Regulation
This post was edited on 12/23/23 at 9:18 pm
Posted on 12/23/23 at 9:59 pm to Smoke Test
While I agree collectives that pay a specific position group (or in some cases all scholarship players) a set amount each year might seem like pay for play, it's not the same as the bag game. Coaches and the school itself aren't involved in the collective. The gray area is when coaches mention the collective as a recruiting tool, not sure what the rules are on that and who would enforce such rules if they exist.
Posted on 12/23/23 at 10:10 pm to StringedInstruments
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From what I understand, college athletes can receive NIL money just like professional athletes can receive endorsement money from businesses.
Yes.
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The college athletes have to in return provide some kind of service for that company.
Not even remotely correct. It is a private agreement/contract between two private entities. It can be for just about anything they want it to be. The only thing it can NOT be in the eyes of the NCAA is related to playing for/signing with a specific school.
The amount of silly bullshite that people on this site connect to NIL is shocking.
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