Started By
Message
re: What is fair market value for a recruit like Zion.
Posted on 3/11/19 at 11:01 am to I Bleed Garnet
Posted on 3/11/19 at 11:01 am to I Bleed Garnet
quote:
Cam was 250, basketball one player means a lot more so I'd say around 400
NBA Asst GM told me 5 years ago the top 1-3 kids each year could pull up to $400k total package regardless of how long they stay. You nailed it.
1
Posted on 3/11/19 at 11:05 am to OldSchoolHorn
It would be best for all the colleges if the NBA would accept kids out of high school. The one and done only F up college BB.
Posted on 3/11/19 at 11:08 am to JoseyWalesTheOutlaw
quote:
It would be best for all the colleges if the NBA would accept kids out of high school. The one and done only F up college BB.
pros and cons each way... mostly cons for the NBA.
Posted on 3/11/19 at 11:42 am to Obtuse1
quote:
The discussion of paper trails has got me wondering if any Crypto is being used. While it may be beyond the comfort/savvy of many recruits and their families it certainly would be one way to muddy the money trail with the handler on the family end doing the conversion back to cash.
Crypto eventually has to be converted, one way or the other, electronically if it is going to be spent.
For the time being cash is the only way to go I would think.
I mean I know there are other ways to launder the transfer but cash is still king.
Posted on 3/11/19 at 12:07 pm to scrooster
There are Crypto (mostly Bitcoin) ATMs around the country (there are tons here)
That would just pull out too many red flags and too much of a paper trail if a recruit is paid in bitcoin and they or their family go to one of these ATMs to get the cash.
Sure you can buy things using bitcoin now days as well, not nearly as much as cash.
Bulge banks are in the beginning stages of crypto desks as well, but highly doubt they’d take on the business of some family in Spartanburg SC who just happened to come into a lot of bitcoin
That would just pull out too many red flags and too much of a paper trail if a recruit is paid in bitcoin and they or their family go to one of these ATMs to get the cash.
Sure you can buy things using bitcoin now days as well, not nearly as much as cash.
Bulge banks are in the beginning stages of crypto desks as well, but highly doubt they’d take on the business of some family in Spartanburg SC who just happened to come into a lot of bitcoin
This post was edited on 3/11/19 at 12:11 pm
Posted on 3/11/19 at 12:25 pm to I Bleed Garnet
quote:
Kids are pretty much not allowed to have jobs now.
Parents are. About 70% of players’ parents move to Lawrence when their kid attends kU for basketball (IIRC).
Posted on 3/11/19 at 1:08 pm to Obtuse1
Parents got a 900k house in durham
Posted on 3/11/19 at 1:09 pm to the808bass
quote:
parents move to Lawrence
That sucks.
Posted on 3/11/19 at 1:11 pm to Obtuse1
1M easily. He alone puts so many asses in seats.
Posted on 3/11/19 at 1:29 pm to cas4t
Living in his hometown the word around here is about 650K is what Duke got him for.
Posted on 3/11/19 at 1:32 pm to Obtuse1
there is no fair market value. You have price fixing by the shoe companies that is all.
Posted on 3/11/19 at 1:35 pm to chawk195
I think that’s fair.
If that’s the case for him.
Wonder what the other two got.
If that’s the case for him.
Wonder what the other two got.
Posted on 3/11/19 at 1:36 pm to the808bass
quote:
To a team like Missouri, he’s probably worth $1M for a year.
So Mizzou was into Michael Porter Jr at least $500K. Interesting. They lost money.
Posted on 3/11/19 at 1:45 pm to scrooster
quote:
For the time being cash is the only way to go I would think.
Prepaid Visa/MC cards were very popular with college athletes about 10 years ago.Not sure if it's still the case.
Very difficult to trace.
Posted on 3/11/19 at 1:47 pm to lsu711
We’re still paying his dad $450k/year.
Not sure this one is tough to find.
Not sure this one is tough to find.
Posted on 3/11/19 at 1:54 pm to I Bleed Garnet
You set up the crypto account for them. Pay them in crypto show them how to convert it and voila payment made and they can't track who it came from unless someone runs their mouth. You can also set up a few shell corporations in Wyoming, Nevada or Delaware where they allow such practices. Maybe throw in a family trust just to mix it up some. There is a lot of money laundered in America through those states.
This post was edited on 3/11/19 at 1:57 pm
Posted on 3/11/19 at 1:59 pm to yatesdog38
quote:
Pay them in crypto show them how to convert it
How do they convert it?
I really don't know much about this besides that I've seen Bitcoin ATMS around the city.
Posted on 3/11/19 at 2:27 pm to I Bleed Garnet
Have them open an account/wallet. you pay them via whatever token you want. you have to know their wallet address to facilitate payment. They take said token and then trade it for dollars. It works basically like spot market for currencies or similar to a transaction on a stock market trade. There is a bid and an ask price. You can put in a limit order or a market order. You transfer the bitcoin from your wallet to their wallet. They place trade to convert to dollars or euros or another digital currency. Then they transfers dollars to a bank account if they want.
Posted on 3/11/19 at 2:32 pm to yatesdog38
quote:
Have them open an account/wallet. you pay them via whatever token you want. you have to know their wallet address to facilitate payment.
So I knew this
quote:
They take said token and then trade it for dollars. It works basically like spot market for currencies or similar to a transaction on a stock market trade. There is a bid and an ask price. You can put in a limit order or a market order. You transfer the bitcoin from your wallet to their wallet. They place trade to convert to dollars or euros or another digital currency. Then they transfers dollars to a bank account if they want.
I knew this, but this is where I ask, how does this have no paper trail?
As I've said, Zion's family goes to a bank with a whole bunch of bitcoin, does this not throw off any kind of red flag?
Posted on 3/11/19 at 2:32 pm to yatesdog38
There may be a way to transfer straight dollars. I'm not 100% sure on that. I was having a bunch of people ask me about how everything worked so I went and setup an account myself to figure it out. Pretty fascinating stuff. Wish I would have done it 5 years ago.
Page 3 of 6
Popular
Back to top
Follow SECRant for SEC Football News