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NIL and Contracts
Posted on 5/19/22 at 10:07 pm
Posted on 5/19/22 at 10:07 pm
Would anyone in here happen to have enough knowledge on contracts to know if a stipulation can be added that would require the player receiving compensation to stay for four years?
Posted on 5/19/22 at 10:10 pm to MakeLSUgoodAgain
As the laws are currently written, they could not include that stipulation.
Posted on 5/19/22 at 10:10 pm to MakeLSUgoodAgain
quote:
keLSUgoodAgain
Would anyone in here happen to have enough knowledge on contracts to know if a stipulation can be added that would require the player receiving compensation to stay for four years?
A scholarship is for one year. The NIL can be whatever, but it doesn’t guarantee a kid four years of college.
Posted on 5/19/22 at 10:14 pm to MakeLSUgoodAgain
You couldn’t do that per se but you could probably require a personal appearance in the town of the college the week of a game and make it functionally impossible to meet the terms of not enrolled at the school.
Posted on 5/20/22 at 1:29 am to MakeLSUgoodAgain
There could be some contract language to make it harder to leave.
Could offer a one time payment up front, but it is earned in equal installments over 4 years.
For the player to earn each installment they have to show for regular public appearances or to shoot commercials at pre-arranged times and places. Contract obligations that would be hard or impossible to achieve if living far from the site in question. If the player leaves after their second season, they would owe half the origional payment back, as they would not have earned it yet.
Obviously not going to stop someone from going to the draft as a day 1 or 2 pick... but could reduce some of the early transfers.
Could offer a one time payment up front, but it is earned in equal installments over 4 years.
For the player to earn each installment they have to show for regular public appearances or to shoot commercials at pre-arranged times and places. Contract obligations that would be hard or impossible to achieve if living far from the site in question. If the player leaves after their second season, they would owe half the origional payment back, as they would not have earned it yet.
Obviously not going to stop someone from going to the draft as a day 1 or 2 pick... but could reduce some of the early transfers.
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