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What is fair market value for a recruit like Zion.
Posted on 3/11/19 at 8:55 am
Posted on 3/11/19 at 8:55 am
First, it is an honest question that I have no real guess about.
Anyone have a remotely educated guess as to the dollar value to lock up a 1 and done future top 3 pick to go to an upper echelon program for the year?
Anyone have a remotely educated guess as to the dollar value to lock up a 1 and done future top 3 pick to go to an upper echelon program for the year?
Posted on 3/11/19 at 8:56 am to Obtuse1
probably anything up to 250k...when you include cash, housing, vehicles etc
This post was edited on 3/11/19 at 8:57 am
Posted on 3/11/19 at 9:01 am to Obtuse1
Cam was 250, basketball one player means a lot more so I'd say around 400
Posted on 3/11/19 at 9:03 am to Obtuse1
Triple double strong arse offer.
Posted on 3/11/19 at 9:05 am to I Bleed Garnet
I upvoted FWIW but where does this dough come from? Coach isn't going to pull it out of his own account... Slush funds from boosters are way too easy to trace... but that's the only place it could come from... whether you're right on the amount or it's $50K...
Posted on 3/11/19 at 9:06 am to Topwater Trout
quote:
probably anything up to 250k...when you include cash, housing, vehicles etc
Chris Webber got $250K and that was 30 years ago.
I can't imagine what Zion was negotiating
This post was edited on 3/11/19 at 9:07 am
Posted on 3/11/19 at 9:07 am to Obtuse1
The value to a program like Duke is probably less as they will pack their arena and sell lots of merchandise regardless. To a team like Missouri, he’s probably worth $1M for a year.
Ticket revenue, donations and merchandising would all probably make a $1M payout justifiable. 2,000 tickets sold per game at just $25/ticket would cover the $1M.
Ticket revenue, donations and merchandising would all probably make a $1M payout justifiable. 2,000 tickets sold per game at just $25/ticket would cover the $1M.
Posted on 3/11/19 at 9:12 am to EmmitDrallid
quote:
upvoted FWIW but where does this dough come from?
Lots of places. Shoe companies, agents who want to sign them to represent them in NBA, local greaseballs who want to feel important or curry favor with the coaches, alumni, etc
Posted on 3/11/19 at 9:13 am to EmmitDrallid
quote:
Coach isn't going to pull it out of his own account.
Of course not, because then there's a paper trail and gets the team in much more trouble.
quote:
Slush funds from boosters are way too easy to trace... but that's the only place it could come from... whether you're right on the amount or it's $50K...
I wouldn't think it's that easy to trace.
Some rogue booster goes out there and gives the kid money.
Sure booster clubs are tied to the school but it's not like the money is raised by the school, right? they have their own money and either donate to the school/athletic programs or give it to recruits.
Posted on 3/11/19 at 9:13 am to TheBigHurt
quote:
A million dollars.
Had to be, right?
Posted on 3/11/19 at 9:20 am to Obtuse1
I can handle a textured piece of leather with great dexterity and skill, give me millions of dollars. Lol such a strange concept, but I would partake if didn't lack the ability.
Posted on 3/11/19 at 9:20 am to I Bleed Garnet
quote:
Sure booster clubs are tied to the school but it's not like the money is raised by the school, right? they have their own money and either donate to the school/athletic programs or give it to recruits.
You add in no-show jobs and perks, it gets very difficult to prove. A “loaner” car. Free meals. Housing.
Posted on 3/11/19 at 9:21 am to Obtuse1
Great question and one I love to think about. The NCAA is a system that’s popularity is based on the guise of amateurism.
If NCAA basketball went away and Zion would have gone to the AND1, the G-League, or Europe, what would his “fair market value” be? Less or more than what it is at Duke? Less. Why? Because the idea of a “fair” market value implies that one system demanding less money for him isn’t being fair and implying his fair market value is only the highest bidder in a hypothetical system that ignores reality. Instead, eliminate the term fair. What is his market value?
His market value isn’t based solely on his inherent athletic ability, basketball IQ, and coach-ability. His market value is based on the value he can contribute to his industry. His industry is entertainment. If he can get butts in the seat and eyeballs on television, his value goes up, regardless of his ability and skill changed at all.
Yet what does this mean for a college program, that’s only allowed “salary” is a full ride, and everything is under the table? Not all programs are paying players hundreds of thousands cash and getting their mom a brand new house. Some might just be ancillary benefits like a shitty used car or hundred dollar handshakes. The smaller the program, the smaller the benefits.
Everything is on margin.
So what does it all mean? I heard from some of my fellow Aggy friends about DeAndre Jordan who was a freshman when I was a freshman. I heard he got a house and a couple hundred thousand. Ricky Seals-Jones’ dad said in that book the system that LSU offered him like $400,000, but that was football. The added wrinkle for basketball is that the shoe companies have soooo much money involved. Hell, there is a Charles Barkley interview at some charity game about Dirk, and Chuck said he wanted Dirk to go to Auburn and he said he called up Nike to give Dirk anything he wanted. Not the boosters, bagman, or coach... Nike. It’s all on YouTube. It’s an open secret.
I’d say it’s close to a million dollars in value with however they have to do it without making it straight cash. Guaranteed endorsements, insurance policies, cars, clothes, etc.
If NCAA basketball went away and Zion would have gone to the AND1, the G-League, or Europe, what would his “fair market value” be? Less or more than what it is at Duke? Less. Why? Because the idea of a “fair” market value implies that one system demanding less money for him isn’t being fair and implying his fair market value is only the highest bidder in a hypothetical system that ignores reality. Instead, eliminate the term fair. What is his market value?
His market value isn’t based solely on his inherent athletic ability, basketball IQ, and coach-ability. His market value is based on the value he can contribute to his industry. His industry is entertainment. If he can get butts in the seat and eyeballs on television, his value goes up, regardless of his ability and skill changed at all.
Yet what does this mean for a college program, that’s only allowed “salary” is a full ride, and everything is under the table? Not all programs are paying players hundreds of thousands cash and getting their mom a brand new house. Some might just be ancillary benefits like a shitty used car or hundred dollar handshakes. The smaller the program, the smaller the benefits.
Everything is on margin.
So what does it all mean? I heard from some of my fellow Aggy friends about DeAndre Jordan who was a freshman when I was a freshman. I heard he got a house and a couple hundred thousand. Ricky Seals-Jones’ dad said in that book the system that LSU offered him like $400,000, but that was football. The added wrinkle for basketball is that the shoe companies have soooo much money involved. Hell, there is a Charles Barkley interview at some charity game about Dirk, and Chuck said he wanted Dirk to go to Auburn and he said he called up Nike to give Dirk anything he wanted. Not the boosters, bagman, or coach... Nike. It’s all on YouTube. It’s an open secret.
I’d say it’s close to a million dollars in value with however they have to do it without making it straight cash. Guaranteed endorsements, insurance policies, cars, clothes, etc.
Posted on 3/11/19 at 9:25 am to Obtuse1
NC State gave Dennis Smith Jr 100 racks ...
I'm guessing Zion was 750-800k (which is a bargain)
I'm guessing Zion was 750-800k (which is a bargain)
This post was edited on 3/11/19 at 9:25 am
Posted on 3/11/19 at 9:35 am to Vecchio Cane
quote:
Chris Webber got $250K and that was 30 years ago.
Damn!
I heard his stepdad was shopping him to KU for 100k and housing...must be wrong...or why Duke got him
Posted on 3/11/19 at 9:36 am to TeLeFaWx
We're talking about Coach K, who had a freaking AMEX commercial running DURING THE FINAL FOUR.
Hell, Zion could have a corporate sponsor pay his signing fee for all we know
Hell, Zion could have a corporate sponsor pay his signing fee for all we know
Posted on 3/11/19 at 9:54 am to Topwater Trout
Any parent star player at kU will get a job with one of the boosters. I’m not sure they actually have to work.
Could’ve been $100k cash. And then the bennies.
Could’ve been $100k cash. And then the bennies.
Posted on 3/11/19 at 10:04 am to Obtuse1
Zion turned down $300k from Kansas, so more than $300k
Basketball makes football numbers look chumpish. Wilt Chamberlain got $100k and a new Cadillac to go to Kansas in the mid-50s. That’s be nearly $1 million in modern money. Not saying anyone is paying a one and done croot seven figures, but Zion almost certainly got more than Auburn paid Cam considering they’re both one season mercenaries
Basketball makes football numbers look chumpish. Wilt Chamberlain got $100k and a new Cadillac to go to Kansas in the mid-50s. That’s be nearly $1 million in modern money. Not saying anyone is paying a one and done croot seven figures, but Zion almost certainly got more than Auburn paid Cam considering they’re both one season mercenaries
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