Anyone keeping up with the Gervon Dexter lawsuit against Big League Advantage?

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Gervon Dexter

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Who?

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Big League Advantage?

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What?

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it is being reported that Nolan Smith signed a deal with then too.

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Is that bad?

Money brings all the scum to the surface.

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Dexter, a second-round draft pick, agreed to pay Big League Advance Fund (BLA) 15% of his pre-tax NFL earnings for the next 25 years in exchange for a one-time payment of $436,485 in 202

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Zero sympathy whatsoever from me. People keep clamoring that these amateur student athletes should be able to get paid, and more and more people claim they should be treated like professionals with actual contracts. Well..this is what you get. We are so hell-bent on eliminating the concept of student athletes and letting players make a ton of money so fine, let them make dumb decisions like this so they can get 6 figures immediately then frick themselves over later.

It's actually not a bad deal.

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It's actually not a bad deal.

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No way there aren’t some minimum amounts or paybacks if they didn’t make the team, got hurt.

None of these NIL deals should have shite to do with future earnings.

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Zero sympathy whatsoever from me. People keep clamoring that these amateur student athletes should be able to get paid, and more and more people claim they should be treated like professionals with actual contracts. Well..this is what you get. We are so hell-bent on eliminating the concept of student athletes and letting players make a ton of money so fine, let them make dumb decisions like this so they can get 6 figures immediately then frick themselves over later.

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I mean, why are treating athletes like professionals and having sympathy for them being victimized by predatory business practices mutually exclusive?

I’ve had sympathy for plenty of athletes in their mid 20’s who got taken to the cleaners by bad actors. I’m certainly not going to not have that same sympathy for a younger athlete.

If the terms of the loan/deal were laid out transparently and he chose to sign it, it’s hard to see how it’s anyone’s fault but his. Welcome to adulthood, you get a proposal that doesn’t make sense and you say no…

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I mean, why are treating athletes like professionals

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because they aren't professionals. That's exactly the entire point, they are college students. Amateur/student/athlete. Granted that facade crumbles more by the day because of the morons in charge but at least for now they are still NOT professionals.

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having sympathy for them being victimized by predatory business practices

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Becuase this was 100000% brought on by their own personal greed. At least on the topic of kids begin saddled with megadebt after going to college, or a poor person having megadebt due to their finance terms in getting a vehicle becaus ethey have to get to work...you can have some sympathy because they "need" those things legimiately. They need a car to get around. They need a college degree to be able to get a job somewhere.

IN this case none of that applies. Dexter wanted money and he WANTED IT RIGHT frickING NOW DAMMIT!!! He made the choice to enter a woefully stupid agremeent that will cost him millions all because he wanted $400K immediatley instead of just waiting a copule years and earning all that's his with no strings attached.

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I’ve had sympathy for plenty of athletes in their mid 20’s who got taken to the cleaners by bad actors

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these people aren't bad actors. This is a kid that is a me me me me gimme money gimme money now kind of person, so they said "look dude, we'll give you some money now if tht's waht you want. But it's gonna cost youa lot in the long run over a long period of time. You wanna do this?" and he said YEAH WHERE DO I SIGN.

Yup... he FAFO...

No sympathy from me, gotta decide if you're a SA on scholarship or an Adult semi-pro taking a payday...

Just wait till the 1099's start rolling in for a lotta these athletes and it's oh frick the IRS sent me a letter...

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I do have sympathy for them or anyone who gets themselves into a bad loan or business arrangement when they are young and don’t understand the gravity of it. This goes for student loans as well.

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Again though this is a wildly different circumstance. A kid in a terrible soul sucking student laon situation may have considered their options at 18 and thought 1)I can stay living at home and work part time forever 2) I can learn a trade like plumbing or welding or something, or 3) Enroll at the local college and try to get a degree to get me a career. If htey choose option 3 but it comes wiht a shite loan, even if they didn't understand the magnitude of the loan at the time, at LEAST they had made that choice from a rational perspective of attempting to better their future self.

This scenario would be like a company offering a 20 year old FREE alcohol and weed for a year since they aren't old enough to purchase alcohol yet. Whatever kind of order they want they got it. The only caveat is that once they do turn 21, they have to pay the company $10K a year for 20 years. Obviously that is a shite deal and no one in their right mind should take that. But if this 20 year old only cares about instant gratification and being able to flex on instagram to their friends, they're going to say hell yeah where do I sign? Free booze and weed for a year, let's do it! Whereas if they'd simply wait a year they can buy all the legal alcohol they want on their own and keep their money the next 20 years. I have a hard time feeling sympathy for someone making that stupid of a decision based solely on their own lack of responsibility or impulse control.