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Magic Johnson is the latest to jump into the NIL craze. Update: not true

Posted on 1/3/25 at 6:43 pm
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
55765 posts
Posted on 1/3/25 at 6:43 pm
This post was edited on 1/4/25 at 9:36 am
Posted by Hetfield
Dallas
Member since Jun 2013
8436 posts
Posted on 1/3/25 at 6:46 pm to
Karl Malone, you are on the clock.
Posted by Ralph_Wiggum
Sugarland
Member since Jul 2005
10850 posts
Posted on 1/3/25 at 6:47 pm to
The rules are that NIL is allowed to unlimited amounts. This is actually better than when Kentucky would cheat.
Posted by Bunk Moreland
Member since Dec 2010
62022 posts
Posted on 1/3/25 at 6:48 pm to
I figured MSU could be a threat here with Gilbert, Ishbia, Magic, and then even some guys like Draymond.
Posted by CR4090
Member since Apr 2023
6420 posts
Posted on 1/3/25 at 6:50 pm to
LOL. Is this going to be like when he bought the Dodgers? He was just fronting for someone else. Magic doesn't have that kind of money.
Posted by Bunk Moreland
Member since Dec 2010
62022 posts
Posted on 1/3/25 at 6:51 pm to
Without looking it up, I think he has hundreds of millions, but not billions.
Posted by OU812
Eaton Rapids, Michigan
Member since Apr 2004
13180 posts
Posted on 1/3/25 at 6:54 pm to
Shaq is richer than Magic i believe
Posted by Ralph_Wiggum
Sugarland
Member since Jul 2005
10850 posts
Posted on 1/3/25 at 6:56 pm to
If you had money like Ishbia, Gilbert, and Magic you have to think of owning a pro team versus bankrolling NIL. There is no ROI on NIL, but your money can make more of a difference. In the NFL and NBA there's a cap and draft and your money can only do so much. But in college your money can make more of a difference. If you are worth a billion then even 100 million in an endowment for NIL can make a much bigger impact than having to pay a GM for example and have to deal with a draft and salary cap. There is no draft or salary cap in the NIL era.
This post was edited on 1/3/25 at 6:58 pm
Posted by saintsfan22
baton rouge
Member since May 2006
75934 posts
Posted on 1/3/25 at 6:56 pm to
quote:

Shaq is richer than Magic i believe

no
Posted by Ralph_Wiggum
Sugarland
Member since Jul 2005
10850 posts
Posted on 1/3/25 at 6:57 pm to
quote:

Shaq is richer than Magic i believe


Good then maybe Shaq should bankroll some NIL for LSU hoops.
Posted by saintsfan22
baton rouge
Member since May 2006
75934 posts
Posted on 1/3/25 at 6:58 pm to
Ishbia had a NIL deal with MSU but ended it in 2023. Izzo must be against it because that seems like some pretty easy resources to hit up.
Posted by 632627
LA
Member since Dec 2011
13762 posts
Posted on 1/3/25 at 6:59 pm to
Magic has a shite ton of business interests, wouldn't be surprised if he's worth close to a billion by now
Posted by ManBearTiger
BRLA
Member since Jun 2007
22106 posts
Posted on 1/3/25 at 7:06 pm to
quote:

Shaq is richer than Magic i believe


Shaq is probably richer in actual money in the bank but Magic is a giant investment spider and probably "worth" north of a billion
Posted by ronricks
Member since Mar 2021
9676 posts
Posted on 1/3/25 at 7:11 pm to
It’s fake but Magic is a billionaire.
Posted by mdomingue
Lafayette, LA
Member since Nov 2010
37680 posts
Posted on 1/3/25 at 7:22 pm to
quote:

Without looking it up, I think he has hundreds of millions, but not billions.

Magic is worth 1.6 Billion. Now how much he has available for NIL is another question.
Posted by Ssubba
Member since Oct 2014
7133 posts
Posted on 1/3/25 at 7:32 pm to
This craze will end soon when the elites realize they're pissing away millions for 9 win seasons.
Posted by hg
Member since Jun 2009
126181 posts
Posted on 1/3/25 at 7:36 pm to
Nothing negative about that. Huge positive for Michigan State.
Posted by CR4090
Member since Apr 2023
6420 posts
Posted on 1/3/25 at 7:40 pm to
That's what I would think. Damn, sure not knocking that.

But saying that he will give MSU unlimited resources, may be slightly misleading.
Posted by PeteRose
Hall of Fame
Member since Aug 2014
17481 posts
Posted on 1/3/25 at 7:40 pm to
quote:

Nothing negative about that. Huge positive for Michigan State.


This post was edited on 1/3/25 at 7:42 pm
Posted by tide06
Member since Oct 2011
16546 posts
Posted on 1/3/25 at 7:44 pm to
quote:

figured MSU could be a threat here with Gilbert, Ishbia, Magic, and then even some guys like Draymond.

NBA owners can’t contribute to NIL.
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