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All NIL has done is put a face on the bag man! These guys aren't doing **** for this NIL money.I think as it progresses it could die a little as local businesses aren’t going to see much or any ROI.
There was an instance in CBB this season where a dealership provided a vehicle for a player, the player wrecked the vehicle and asked for a replacement. The dealership declined and the kid immediately entered the portal. He then rescinded, and entered again later.
Eventually it’s just going to be boosters with envelopes again. Not sure if there are tax advantages provided through NIL but IMO the only money changing hands should go through the schools and they provide an increased flat stipend for the players from the school. You could then possibly include royalties from the NCAA that would be some sort of profit sharing from tournament titles and NCAA appearances.
Of course I have no idea if any of that is actually feasible. I certainly don’t think you’re putting an end to the bag man.
Granted it's football where bigger bucks fly around, but did you see the requirements of Jaden Rashada's $13M NIL deal before it was terminated?
That **** was ridiculous and he was a 4 star. Details below:
The deal called for a $500,000 initial payment, with increasing monthly payments each year. Rashada had to reside in Gainesville, Fla., make branded Twitter and Instagram posts once a month, participate in up to eight fan engagement events per year and autograph up to 15 pieces of merchandise per year