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NIL
Posted on 5/17/24 at 10:09 am
Posted on 5/17/24 at 10:09 am
Help me out on this, I don't know the legalities or limits to NIL
In the simplest of terms, Name, Image and Likeness (NIL) is a term that describes the means through which college athletes are allowed to receive financial compensation. NIL refers to the use of an athlete’s name, image, and likeness through marketing and promotional endeavors.
My question: Is it legal or acceptable for a certain group, like co owners of a business, or family members of an existing team player, to offer NIL money to another player, that would improve the chances for success, to the original player?
In the simplest of terms, Name, Image and Likeness (NIL) is a term that describes the means through which college athletes are allowed to receive financial compensation. NIL refers to the use of an athlete’s name, image, and likeness through marketing and promotional endeavors.
My question: Is it legal or acceptable for a certain group, like co owners of a business, or family members of an existing team player, to offer NIL money to another player, that would improve the chances for success, to the original player?
1
Posted on 5/17/24 at 10:21 am to RockoRou
There’s no such thing as legal or illegal in todays NIL recruiting. It’s literally the Wild Wild West out there. If a player is only worried about money the highest bidder will get him. That’s all you need to know. There aren’t any rules and if there is then no one is following them.
This post was edited on 5/17/24 at 10:23 am
Posted on 5/17/24 at 10:53 am to DhanTigers212
So, what you are suggesting, NIL has no limits:
So, If I have lots of money, and my grandson is playing QB on a team with terrible receivers, I can offer talented receivers lots of money to come play with my grandson.
Wow, that sounds like the wild west. You think anybody would do that
So, If I have lots of money, and my grandson is playing QB on a team with terrible receivers, I can offer talented receivers lots of money to come play with my grandson.
Wow, that sounds like the wild west. You think anybody would do that
Posted on 5/17/24 at 10:59 am to RockoRou
If you have lots of money and know the right people you can do that yes. NIL has lots of loopholes.
Posted on 5/19/24 at 11:16 am to DhanTigers212
There are rumors that the #1 player in the class of 25, QB Underwood, has a $5m plus deal with LSU. You can't do that with every player but Underwood is a once in a decade talent that can lead a team to the National Championship.
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