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NIL, Transfers, and Stratospheric Salaries. What Is the Future of GT Football and College Football in General?
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<blockquote data-quote="RonJohn" data-source="post: 959636" data-attributes="member: 2426"><p>The NCAA is not enforcing the NIL rules at all. As I said before, most football and men's basketball "NIL" deals are not about anything related to using the name, image, or likeness of the athlete for any business purpose. They are simply paying the athletes.</p><p></p><p>Agents do more than simply front money. Agents market the athletes and represent the athletes in contract negotiations. I don't know what the agreement in this case was, but it sounds a lot more like insurance against failure. Many athletes get money upfront and then only repay if they make it big in professional sports. I know that the NCAA has allowed athletes to purchase income insurance for injuries. I believe they have even allowed schools to pay for that insurance, with limits based on actual or reasonable income projections. I don't see what problem the NCAA should have with this company if they are not representing the athletes as professionals, but simply paying them up front for a cut on the backend if they are successful. I don't think it should be something that the NCAA would worry about or get involved in. On the other hand, this business seems a lot like payday lenders. It appears to me that it targets poor people who don't know any better and traps them. (This contract traps him for 20 years and payday lenders trap people into a spiral of never-ending borrowing and interest charges) I don't like either business types. I think both are predatory. I think the same thing about casinos.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 959636, member: 2426"] The NCAA is not enforcing the NIL rules at all. As I said before, most football and men's basketball "NIL" deals are not about anything related to using the name, image, or likeness of the athlete for any business purpose. They are simply paying the athletes. Agents do more than simply front money. Agents market the athletes and represent the athletes in contract negotiations. I don't know what the agreement in this case was, but it sounds a lot more like insurance against failure. Many athletes get money upfront and then only repay if they make it big in professional sports. I know that the NCAA has allowed athletes to purchase income insurance for injuries. I believe they have even allowed schools to pay for that insurance, with limits based on actual or reasonable income projections. I don't see what problem the NCAA should have with this company if they are not representing the athletes as professionals, but simply paying them up front for a cut on the backend if they are successful. I don't think it should be something that the NCAA would worry about or get involved in. On the other hand, this business seems a lot like payday lenders. It appears to me that it targets poor people who don't know any better and traps them. (This contract traps him for 20 years and payday lenders trap people into a spiral of never-ending borrowing and interest charges) I don't like either business types. I think both are predatory. I think the same thing about casinos. [/QUOTE]
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NIL, Transfers, and Stratospheric Salaries. What Is the Future of GT Football and College Football in General?
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