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So, Jaden Rashada and the $13,000,000 explanation... Rumor update on pg.2...
Posted on 1/20/23 at 3:22 pm
Posted on 1/20/23 at 3:22 pm
Could’ve added it in the other thread, but didn’t want it to be lost.
Reddit
Long story short:
- Miami offered $6 million to commit.
- Florida offered $7million to flip.
- During the Gator Collective’s negotiations, Darren Heitner (GC Lawyer), put in a clause that the GC would be on the hook for Rashada breaking Miami’s original contract for “potential” $6 million in damages to Miami, John Ruiz, Life Wallet, etc.
- Gator boosters and the GC overlooked it initially, but the Rashada’s brought it up before enrolling to double check they would be in the clear.
- GC and the boosters didn’t want to risk the $6 million so they backed out.
- Now, whoever signs Jaden could potentially be on the hook for $6 million unless he recommits/signs/enrolls at Miami.
eta: rumor update on page 2
Page 2 Rumor
Long story short:
- Miami offered $6 million to commit.
- Florida offered $7million to flip.
- During the Gator Collective’s negotiations, Darren Heitner (GC Lawyer), put in a clause that the GC would be on the hook for Rashada breaking Miami’s original contract for “potential” $6 million in damages to Miami, John Ruiz, Life Wallet, etc.
- Gator boosters and the GC overlooked it initially, but the Rashada’s brought it up before enrolling to double check they would be in the clear.
- GC and the boosters didn’t want to risk the $6 million so they backed out.
- Now, whoever signs Jaden could potentially be on the hook for $6 million unless he recommits/signs/enrolls at Miami.
eta: rumor update on page 2
Page 2 Rumor
This post was edited on 1/29/23 at 12:30 am
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Posted on 1/20/23 at 3:44 pm to finchmeister08
Why would the Gator Collective's lawyer add such a clause? He's representing a team that has the Gator's best interest, right? That doesn't sound like it was in the best interest of the Gators.
Posted on 1/20/23 at 3:49 pm to dehsloot
quote:
e's representing a team that has the Gator's best interest, right?
Swamp247 claims him to be an all-time biggest fan of the Gators. It just doesn't appear to be the case when there's a picture of him in cahoots with John Ruiz (a big-time Miami booster).
Posted on 1/20/23 at 4:02 pm to finchmeister08
"Overlook" a 6 million dollar hook? How the hell do you do that? GC needs a better class of Shyster methinks.
Posted on 1/20/23 at 5:11 pm to finchmeister08
What a shite show this sport has become
Posted on 1/20/23 at 5:42 pm to finchmeister08
quote:
- During the Gator Collective’s negotiations, Darren Heitner (GC Lawyer), put in a clause that the GC would be on the hook for Rashada breaking Miami’s original contract for “potential” $6 million in damages to Miami, John Ruiz, Life Wallet, etc.
quote:
- Now, whoever signs Jaden could potentially be on the hook for $6 million unless he recommits/signs/enrolls at Miami.
That's GCs contract, why would that carry over to any other school?
Posted on 1/20/23 at 7:13 pm to finchmeister08
If this is true I hate college football now.
Posted on 1/20/23 at 7:32 pm to finchmeister08
Why could they "overlook" that clause? Whether or not he's worth the money, we can't be that sloppy.
Posted on 1/20/23 at 7:44 pm to finchmeister08
quote:
“potential” $6 million in damages to Miami, John Ruiz, Life Wallet, etc.
Why the hell would a recruit sign a deal that would have that high of a penalty for breaking an NIL.
How would it be enforceable if the NIL hasn't paid him yet? Where are the damages?
Posted on 1/20/23 at 7:49 pm to finchmeister08
Why would any other school be forced to pay the $6 million? That makes absolutely no sense.
Posted on 1/20/23 at 8:13 pm to Emmanuel Goldstein
quote:
Why the hell would a recruit sign a deal that would have that high of a penalty for breaking an NIL.
How would it be enforceable if the NIL hasn't paid him yet? Where are the damages?
What'll be fun is if Miami goes after Florida for tortious interference of a contract...
Posted on 1/20/23 at 9:18 pm to OleVaught14
Posted on 1/20/23 at 9:47 pm to finchmeister08
quote:
Could’ve added it in the other thread, but didn’t want it to be lost. Reddit Long story short: - Miami offered $6 million to commit. - Florida offered $7million to flip. - During the Gator Collective’s negotiations, Darren Heitner (GC Lawyer), put in a clause that the GC would be on the hook for Rashada breaking Miami’s original contract for “potential” $6 million in damages to Miami, John Ruiz, Life Wallet, etc. - Gator boosters and the GC overlooked it initially, but the Rashada’s brought it up before enrolling to double check they would be in the clear. - GC and the boosters didn’t want to risk the $6 million so they backed out. - Now, whoever signs Jaden could potentially be on the hook for $6 million unless he recommits/signs/enrolls at Miami.
So the Harvard of the South can’t even read a damn contract? Y’all think this idiotic story make the Program look Better?!?!
Some idiot in your collective promised that kid a ridiculous sum of money to play for UF and didn’t tell the booster or the HC apparently until it was time to cough up the cash then the booster backed out. It’s that simple.
Posted on 1/20/23 at 10:15 pm to Footballtimentn
Exactly. I don’t think I would risk that one
Posted on 1/20/23 at 11:17 pm to Sweepthleg
quote:
So the Harvard of the South can’t even read a damn contract?
quote:
Some idiot in your collective
The collective isn’t part of the university.
quote:
Y’all think this idiotic story make the Program look Better?!?!
No where in this post, or anywhere else, did anyone say it made us look better.
Your red and black is showing in your post.
Posted on 1/21/23 at 6:27 am to Emmanuel Goldstein
quote:
Why the hell would a recruit sign a deal that would have that high of a penalty for breaking an NIL.
How would it be enforceable if the NIL hasn't paid him yet? Where are the damages?
Yeah, none of this makes sense. Contracts can't legally be made contingent upon a player going to a certain school. They are supposed to be independent. (I know they probably are done, but making it publically would put both Miami and Florida in jeopardy)
Then, if they are all such savvy businessmen, I can't imagine a clause like that would be overlooked. How could savvy businessmen agree to a contract worth that much money without having their own lawyers go over it?
Then, who in their right mind would agree to pay an unproven high school kid 7 million dollars and pay out an additional 6 million dollars to an unproven hgh school kid?
The #1 pick in the NFL draft got a tad over $10 million dollars a year. Kenny Pickett was the #1 QB taken in last years draft and he got $14 million for a 4 year contract, yet Florida was willing to pay a high school QB $13 million over 4 years?
Either Florida is inept or there is another explanation. I'm willing to bet there is another explanation. Maybe the reported amount was way off, or maybe once Rashada left Miami, Miami was not longer on the hook. (Which would be a violation of the rules...but...) I still think $6 Million is high for a high school QB. I mean he owuld be gone (if he is worth that much) in 3 years, so $2 million a year for him?
Posted on 1/21/23 at 6:33 am to finchmeister08
quote:
The collective isn’t part of the university.
Maybe not but none of this makes sesne. Further, I would be willing to bet that the collective were graduates of the University, unless you have some out of this workd sidewalk fans willing to drop $2 millin a year on an unproven high school QB. It just doesn't amke sense.
quote:Maybe I (or the other poster) simply has more respect for your school than you do. Go back through the information you heard and think about it and the rules and logic. It shounds more like some fan that is trying to make some sense to it and brought it to a message board and everybody ran with it, withought giving it much thought. If it is true it makes Florida, their collective and their fans look really inept. And, if it is true I would think your coaching staff would have to have been consulted and given the green light, so it is a bad reflection on them, too.
No where in this post, or anywhere else, did anyone say it made us look better.
Sorry. I just don't believe that many people associated with Florida is that inept.
Posted on 1/21/23 at 9:05 am to finchmeister08
None of this passes the smell test. Someone got greedy and it’s very unlikely it was the GC.
Posted on 1/21/23 at 11:31 am to finchmeister08
quote:
So the Harvard of the South can’t even read a damn contract?
quote:
Some idiot in your collective
quote:
The collective isn’t part of the university
No genius, but the ones running your collective are UF alums.
Posted on 1/21/23 at 1:07 pm to Footballtimentn
quote:
Why would any other school be forced to pay the $6 million? That makes absolutely no sense.
If Rashada had already signed a contract with the Miami Collevtive for his NIL, he would in theory have to be bought out of that contract. My guess is Heitner included the clause to cover the Collective legally but nobody told the donors.
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