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Midtown’s Magic 🎱 @ NIL
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<blockquote data-quote="CEB" data-source="post: 945974" data-attributes="member: 4905"><p>The aspect of a trust is interesting. I think it will have some big hurdles to overcome, but it does solve some issues. The biggest thing it does in my mind is that it makes scholarships and scholarship limits relevant again. If the NIL funds have to go in a trust that's inaccessible to the athlete while they are a student athlete, that means they have to get scholarships to cover schooling costs... you can't have a third party "NIL" collective paying them for school costs in order to free up scholarships (I don't know if that's actually happening anywhere yet, but I'm pretty sure that is a matter of "when" not "if.") </p><p>I don't think you could tie it strictly to graduation, but I think you could tie it to the first of graduation or expiration of eligibility. Grad transfers could have their cake and eat it too... which I am fine with, and honestly is appropriate.</p><p>I'm sure there are unintended consequences here too, but the trust concept along with a reintroduction of some type of limitation on transfers seems like a pretty good start. I feel like one free transfer as undergrad for any reason (including coach change) and a second free one if you are a grad transfer with eligibility left.</p></blockquote><p></p>
[QUOTE="CEB, post: 945974, member: 4905"] The aspect of a trust is interesting. I think it will have some big hurdles to overcome, but it does solve some issues. The biggest thing it does in my mind is that it makes scholarships and scholarship limits relevant again. If the NIL funds have to go in a trust that's inaccessible to the athlete while they are a student athlete, that means they have to get scholarships to cover schooling costs... you can't have a third party "NIL" collective paying them for school costs in order to free up scholarships (I don't know if that's actually happening anywhere yet, but I'm pretty sure that is a matter of "when" not "if.") I don't think you could tie it strictly to graduation, but I think you could tie it to the first of graduation or expiration of eligibility. Grad transfers could have their cake and eat it too... which I am fine with, and honestly is appropriate. I'm sure there are unintended consequences here too, but the trust concept along with a reintroduction of some type of limitation on transfers seems like a pretty good start. I feel like one free transfer as undergrad for any reason (including coach change) and a second free one if you are a grad transfer with eligibility left. [/QUOTE]
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