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Question regarding the function of NIL
Posted on 1/17/24 at 8:50 am
Posted on 1/17/24 at 8:50 am
This question doesn’t relate to any specific player, team or even sport. Just a general question.
My understanding of NIL was that it was supposed to allow players to essentially use their name, image and likeness to gain endorsements with companies, restaurants, stores, etc. The schools themselves would not be involved in paying the players. The players would be paid by whoever they have an endorsement agreement with. However, it seems like we hear about players making X amount of money through an NIL deal, but then we often don’t see that player endorsing or advertising anything. So for many of these players, are they essentially signing an “NIL deal” with a booster who then pays them money for nothing other than playing the sport for that booster’s team? Are these collectives just handing money out of a big pot? I’m just curious as to how that works because it seems like only a small portion of players are actually advertising or endorsing products/companies.
My understanding of NIL was that it was supposed to allow players to essentially use their name, image and likeness to gain endorsements with companies, restaurants, stores, etc. The schools themselves would not be involved in paying the players. The players would be paid by whoever they have an endorsement agreement with. However, it seems like we hear about players making X amount of money through an NIL deal, but then we often don’t see that player endorsing or advertising anything. So for many of these players, are they essentially signing an “NIL deal” with a booster who then pays them money for nothing other than playing the sport for that booster’s team? Are these collectives just handing money out of a big pot? I’m just curious as to how that works because it seems like only a small portion of players are actually advertising or endorsing products/companies.
12
Posted on 1/17/24 at 8:54 am to Roll Tide Ravens
There are plenty that do advertisements for big and small companies. But for the most part its pay for play with the illusion that they are using their likeness to endorse a business.
Posted on 1/17/24 at 8:56 am to Roll Tide Ravens
Are bama fans just now starting to find out about NIL or something? This has been going on for 3 years now.
But I get it, Saban was the ultimate NIL antidote so you really didn't have to fight against it until now.
But I get it, Saban was the ultimate NIL antidote so you really didn't have to fight against it until now.
Posted on 1/17/24 at 8:56 am to Roll Tide Ravens
Idk but I’m going to be so sad if Alabama gets absolutely wrecked with Lambos and shite and then the rules change in the coming years to keep teams from being totally gutted through payments and gifts.
Posted on 1/17/24 at 8:58 am to Roll Tide Ravens
the sport fricked itself. they should have just proposed paying a salary.
Posted on 1/17/24 at 9:01 am to Roll Tide Ravens
The collectives centralize donations. They then sign players to deals to do social media posts, go to booster events, or do charity work i.e. using your NIL to further the goals of the collective *wink wink nudge nudge*. These are usually minor events or posts and completely out of line with market value for what the player is actually providing. The collectives have to have stipulations that this is not for actually playing for a certain team, but most contracts are 6 months so they can quickly drop a guy if they transfer. This way the collective argues that they are only compensating the player for their NIL and not their play for a certain team.
It's a complete farce and a bastardization of what the original intent was, but that's the reality when the NCAA ceded trying to create a rational system and got slapped down in court.
The head of USC's collective did a long interview that's on Youtube that goes over how a lot of this works.
It's a complete farce and a bastardization of what the original intent was, but that's the reality when the NCAA ceded trying to create a rational system and got slapped down in court.
The head of USC's collective did a long interview that's on Youtube that goes over how a lot of this works.
This post was edited on 1/17/24 at 9:10 am
Posted on 1/17/24 at 9:02 am to Roll Tide Ravens
quote:
The schools themselves would not be involved in paying the players.
It is illegal for the schools to be involved with NIL today
quote:
. So for many of these players, are they essentially signing an “NIL deal” with a booster who then pays them money for nothing other than playing the sport for that booster’s team? Are these collectives just handing money out of a big pot?
Basically, but I believe there are obligations for the players.
Posted on 1/17/24 at 9:55 am to Roll Tide Ravens
quote:
Are these collectives just handing money out of a big pot? I
Well yea
Posted on 1/17/24 at 5:31 pm to Roll Tide Ravens
NIL in a nutshell: One Man Works while Another Man Watches
Posted on 1/17/24 at 9:58 pm to Roll Tide Ravens
I think the unfettered transfers have kinda proven what I believe.
Fans cheer for the name on the front of the jersey, no matter who is wearing it, if they played for a conference rival the year before, or how much they are getting paid.
Fans cheer for the name on the front of the jersey, no matter who is wearing it, if they played for a conference rival the year before, or how much they are getting paid.
Posted on 1/17/24 at 10:04 pm to Roll Tide Ravens
It's called money laundering.
Posted on 1/18/24 at 9:02 am to Roll Tide Ravens
Bama fans suddenly having to figure out how NIL works now that Saban is gone
Posted on 1/18/24 at 9:43 am to Roll Tide Ravens
quote:
My understanding of NIL was that it was supposed to allow players to essentially use their name, image and likeness to gain endorsements with companies, restaurants, stores, etc. The schools themselves would not be involved in paying the players. The players would be paid by whoever they have an endorsement agreement with. However, it seems like we hear about players making X amount of money through an NIL deal, but then we often don’t see that player endorsing or advertising anything. So for many of these players, are they essentially signing an “NIL deal” with a booster who then pays them money for nothing other than playing the sport for that booster’s team? Are these collectives just handing money out of a big pot?
I would imagine their NIL contracts with the collectives are written that they are being paid to sign some autographs or show up at a big dinner or event. Just because we don't see that endorsement or thing they are paid for doesn't mean it isn't happening.
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