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Are NIL deals structured like common employment agreements?
Posted on 4/18/24 at 6:30 am
Posted on 4/18/24 at 6:30 am
With clawback and performance based provisions, etc? Is it just kind of the Wild West right now where the agreement looks however is needed to sign the player? Are they under any obligation to remain at a school etc? I genuinely don’t know. Crazy times in college sports.
8
Posted on 4/18/24 at 6:32 am to JumpingTheShark
quote:
Are they under any obligation to remain at a school etc?
Nope. In fact, NIL can’t be tied to attendance at the school or participation in a sport. At least not in LA.
Posted on 4/18/24 at 6:34 am to JumpingTheShark
No one really knows what NIL contracts look like, except for the collectives and the players.
There is no standardized player contract or standardized agency agreement like in collectively bargained professional sport.
There is no standardized player contract or standardized agency agreement like in collectively bargained professional sport.
This post was edited on 4/18/24 at 6:36 am
Posted on 4/18/24 at 6:56 am to JumpingTheShark
NIL will change with the ruling; players leaving one school for another for more money and doing it again and again, I believe, won't be for long. Eventually, the NCAA or schools, in general, may limit how many NIL deals you receive, how much money you get, etc. The new ruling is wrong for CFB, as you will see more kids doing what that one from Iowa did. He committed to Iowa, switched to Alabama for more money, and then entered the portal again for more money.
Posted on 4/18/24 at 7:13 am to JumpingTheShark
I’ve always thought they are structured around the transfer windows. If it’s a 1M/yr deal, then maybe it’s set up as a $333k deal 3x a year. I think that’s how Gordon structures his at least. That way he’s not still paying someone like Logan Diggs who is at Ole Miss now.
Depends on who the deal is with I guess. Yeah, they can’t be tied to performance/school in any way like you get X amount of money for scoring TDs or winning 8+ games, etc
Depends on who the deal is with I guess. Yeah, they can’t be tied to performance/school in any way like you get X amount of money for scoring TDs or winning 8+ games, etc
Posted on 4/18/24 at 10:11 am to JumpingTheShark
I hear it's the wild wild West, per a employee in ad office of a MAC. School
He said he would as shock d that there is virtually no guidelines or even a remote set if rules.
He said he would as shock d that there is virtually no guidelines or even a remote set if rules.
Posted on 4/18/24 at 3:53 pm to JumpingTheShark
quote:
JumpingTheShark
brother
haven't seen you around since the CPA study threads on the OT back in the dayPosted on 4/25/24 at 6:31 am to JumpingTheShark
They need to move off NIL as the primary income stream for the players since it’s not legit anyway. Set up salary contracts through the school with terms that bind both sides and allow players to truly hustle up their own endorsement deals, etc on the side.
Posted on 4/25/24 at 9:19 am to JumpingTheShark
There should be performance requirements that if not met, means the schools can cancel and stop giving them money. Treat them like employees at this point.
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