mstranahan
Helluva Engineer
- Messages
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Not sure what thread to put this in. Mods, feel free to move to a different thread if there's a better one....
Just spoke to a friend whose nephew is a one & done this year. he's expected to go in the lottery by most mocks. We were talking about how NIL has reduced the stress of lining up an agent and talking to potential sponsors between declaring for draft and draft day. (He already has an agent and has several NIL sponsors he signed with a year ago) Then she surprised me with this "I hate NIL. [My nephew] is making insane amounts of money and he isn't old enough to know how to handle that. I know they need to share the wealth with the players, but if they don't have good guidance from parents, it's going to lead to a tragedy." (I'm paraphrasing, but that's close to verbatim)
We talked for a while. She told me some hair-raising stories about what some of his teammates have done with their money and the culture it is producing. (In her nephew's case, all the money goes into a trust and the trustee is not a family member or friend.) She also said it is well known that most of the top kids in the P5 are making more than their coaches are. The kids all know each other from AAU ball and they talk. I told her I had heard Bacot was north of a million. She laughed and said she knows at least 20 freshmen who are well into the 7 figures. (I can't verify anything she said about figures, but I've known her for a long time and she's not a big talker and I don't think she's exaggerating.)
It's a different world out there.
Just spoke to a friend whose nephew is a one & done this year. he's expected to go in the lottery by most mocks. We were talking about how NIL has reduced the stress of lining up an agent and talking to potential sponsors between declaring for draft and draft day. (He already has an agent and has several NIL sponsors he signed with a year ago) Then she surprised me with this "I hate NIL. [My nephew] is making insane amounts of money and he isn't old enough to know how to handle that. I know they need to share the wealth with the players, but if they don't have good guidance from parents, it's going to lead to a tragedy." (I'm paraphrasing, but that's close to verbatim)
We talked for a while. She told me some hair-raising stories about what some of his teammates have done with their money and the culture it is producing. (In her nephew's case, all the money goes into a trust and the trustee is not a family member or friend.) She also said it is well known that most of the top kids in the P5 are making more than their coaches are. The kids all know each other from AAU ball and they talk. I told her I had heard Bacot was north of a million. She laughed and said she knows at least 20 freshmen who are well into the 7 figures. (I can't verify anything she said about figures, but I've known her for a long time and she's not a big talker and I don't think she's exaggerating.)
It's a different world out there.
