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re: Who gets paid in the NCAA Settlement
Posted on 5/7/25 at 8:37 pm to Faurot fodder
Posted on 5/7/25 at 8:37 pm to Faurot fodder
Word is, Jim Thorpes fam is prepping a case 
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Posted on 5/7/25 at 9:27 pm to Dicken Nuggets
quote:
You got a problem with Barry Sanders getting paid for his NCAA NIL value that he was not allowed to collect?
Yes.
quote:
And what about players that were great in college and that are now deceased such as Steve McNair? Do you think his estate/family should receive payment?
No. It was illegal then and it’s not now. Should a person get a refund for a speeding ticket if the speed limit is removed 3 years later?
Posted on 5/7/25 at 9:40 pm to Dicken Nuggets
quote:
getting paid for his NCAA NIL value that he was not allowed to collect?
Just how is this being calculated?? As an accountant I'm 1000% positive it will come with tons of nits to pick
Posted on 5/7/25 at 9:44 pm to Dicken Nuggets
quote:
It's reparations being paid to the people who actually got taken advantage of
I'm ready to start walking people out of this country.
The war is within.
Posted on 5/7/25 at 9:52 pm to Faurot fodder
quote:
Allowing former athletes to recoup their perceived NIL is just stupid. It's reparations essentially, which is the calling card of the woke.
Almost every lawsuit is based on damage, though, and you can't argue there's not a real case for financial damage here.
It sounds like reparations but it really isn't.
Posted on 5/7/25 at 9:58 pm to Bigdawgb
quote:
Just how is this being calculated??
Just like the civil damage amount itself it's either decided by a jury or by mediation.
If there's a sticking point for me it's that the current market is fundamentally broken to the point it's not a fair point of reference.
If it were based on real market value for an athlete's ability to promote based on name, image, and likeness, the amount would be much smaller and the pool tiny.
In any given year there are a handful of players who could warrant $1M marketing deals, but because it's just buying recruits all you have to do is get someone at On3 to bump you a star.
This post was edited on 5/7/25 at 9:59 pm
Posted on 5/7/25 at 10:02 pm to bayou85
quote:
No. It was illegal then and it’s not now.
It was not illegal then.
Posted on 5/8/25 at 9:12 am to jonnyanony
quote:
It was not illegal then.
Illegal in the sense of against NCAA rules.
Posted on 5/8/25 at 1:37 pm to Bigdawgb
quote:
Just how is this being calculated?? As an accountant I'm 1000% positive it will come with tons of nits to pick
The settlement provides for 4 Settlement Funds
The NIL Settlement Fund has 3 pieces:
Broadcast NIL (BNIL) $1.815B
Video Game NIL $71.5M and
Lost Opportunities NIL $89.5M
The BNIL & Video Game NIL will be fairly formulaic based on:
-Sport Played
-The Conference in which he or she played and
-The number of years played
It seems to me the toughest one to allocate will be the Lost Opportunities Fund, which purports to have a before and after methodology (the dividing line being the July 2021 rule changes on NIL). This agreement covers eligible athletes for the period June 15, 2016 to September 15, 2024. The methodology purports to reference the athlete's post-2021 NIL earnings to estimate his or her pre-2021 earnings.
It appears from this that if you ended your playing career before July 2021 you would have no claim to payment from the Lost Opportunities Fund (but would still be eligible for the other funds).
The 4th fund is the Additional Compensation Fund of $600M
The Additional Compensation Fund to be paid out will be allocated 95% to Power 5 football, men's basketball, and women's basketball in a ratio of 75/15/5 to Football, MBB and WBB respectively. This too is fairly formulaic including a standardized minimum amount. But in this case, there will be adjustments for seniority, recruiting star rating, and certain performance metrics.
These amounts will be paid out over 10 years.
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