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New In-Season Men’s College Basketball Tournament to Offer $2M in NIL Deals
Posted on 3/9/24 at 11:34 am
Posted on 3/9/24 at 11:34 am
quote:
A first-of-its-kind men’s college basketball tournament launching this fall will offer up to $2 million in name, image, and likeness deals to participating teams.
The tournament, dubbed Players Era, will host eight teams this fall at MGM Arena in Las Vegas and 16 teams starting in 2025. The event will be operated by EverWonder Studio (which was created by former Time president Ian Orefice and backed by RedBird IMI and Jeff Zucker) and AND1 CEO of Basketball Seth Berger. EverWonder hasn’t yet secured distribution but is in talks with both linear and streaming-based broadcasters.
The tournament operator is guaranteeing that sponsors and other tournament partners will offer each school a total of $1 million in NIL money for participating. That money will be funneled to collectives, boosters, or other NIL entities, and the coaches and teams will be able to distribute that money however they see fit, as long as the money goes to current players. The winning team will be eligible to earn another $1 million, to be distributed in the same way.
According to sources with knowledge of the situation, tournament organizers are in discussions with Alabama, Duke, FAU, Houston, Kansas, Oregon, San Diego State, St. John’s, Syracuse, and Virginia to participate. Each team will also receive free travel, lodging, and meals during the event.
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Posted on 3/9/24 at 11:36 am to RLDSC FAN
I don’t like this
Posted on 3/9/24 at 12:14 pm to RLDSC FAN
College sports are done
Posted on 3/9/24 at 12:38 pm to RLDSC FAN
Why FAU… do they really have that many fans to make it worth everyone’s while?
Posted on 3/9/24 at 12:47 pm to RLDSC FAN
Sounds hokey to begin with but wait til the shite hits the fan about not having a women's tourney.
Posted on 3/9/24 at 2:53 pm to RLDSC FAN
Easy recruitment for those schools. Come and play and we’ll give you $1M just for playing in this tournament.
Posted on 3/9/24 at 3:12 pm to RLDSC FAN
This is what they should do with Bowls.
Posted on 3/9/24 at 3:15 pm to RLDSC FAN
Screw this. Who is starting the boycott?!?
Posted on 3/9/24 at 5:13 pm to RLDSC FAN
Good for them. They’re the ones playing after all.
Posted on 3/9/24 at 5:27 pm to RLDSC FAN
College sports is a joke.
Why were those teams selected?
Why were those teams selected?
Posted on 3/9/24 at 7:27 pm to RLDSC FAN
Another death blow to college sports.
We need to make a semi pro league and keep amateur athletics at our universities.
Seriously, I would rather go watch a D3 football game than the spoiled pre Madonnas in D1 football.
We need to make a semi pro league and keep amateur athletics at our universities.
Seriously, I would rather go watch a D3 football game than the spoiled pre Madonnas in D1 football.
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