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re: NIL is not free market capitalism
Posted on 12/15/21 at 9:20 pm to TomRollTideRitter
Posted on 12/15/21 at 9:20 pm to TomRollTideRitter
Let this stuff play out a few years and then we’ll revisit. My sincere belief is that this will all sort itself out. NIL mega-deals are basically just lighting money on fire from an economic impact standpoint, and the transfer portal and high school recruiting doesn’t change the fact you can only have 85 scholarship players at time.
I understand why people hate it right now, and they may never like it, but the chaos will settle down soon enough.
I understand why people hate it right now, and they may never like it, but the chaos will settle down soon enough.
3
Posted on 12/15/21 at 10:15 pm to slackster
quote:
Let this stuff play out a few years and then we’ll revisit. My sincere belief is that this will all sort itself out. NIL mega-deals are basically just lighting money on fire from an economic impact standpoint, and the transfer portal and high school recruiting doesn’t change the fact you can only have 85 scholarship players at time.
I understand why people hate it right now, and they may never like it, but the chaos will settle down soon enough.
Exactly. Right now it's fun and games but no one likes losing money long term.
Posted on 12/15/21 at 11:15 pm to slackster
quote:
NIL mega-deals are basically just lighting money on fire from an economic impact standpoint,
Maybe companies will cut back on NIL if they don't see a benefit from it. But some schools have boosters able and willing to light money on fire for shits and giggles. Their alma mater's athletic program is their hobby, and they'll pour millions into it like some other baller pours millions into a mega yacht. The UT boosters who are basically paying every student athlete a solid middle class salary aren't doing it for the advertising bump.
Posted on 12/16/21 at 11:12 am to slackster
quote:
Let this stuff play out a few years and then we’ll revisit. My sincere belief is that this will all sort itself out. NIL mega-deals are basically just lighting money on fire from an economic impact standpoint, and the transfer portal and high school recruiting doesn’t change the fact you can only have 85 scholarship players at time.
I understand why people hate it right now, and they may never like it, but the chaos will settle down soon enough.
I respectfully disagree with this. The 85 scholarship limit is not going to limit the amount of money certain players among those 85 will demand, and receive. These players are using this system to create a bidding war between schools, and the programs with the richest boosters are going to win those battles.
People said the same thing about the free agent market in professional sports, as you are saying about NIL. They said it would stabilize, but it never does. Players keep demanding, and owners keep outbidding each other to get the best players. This is no different.
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