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re: NIL will land some of these young stars in career ending hot water....
Posted on 7/1/21 at 9:01 am to Tigahs24Seven
Posted on 7/1/21 at 9:01 am to Tigahs24Seven
There no doubt will be kids who drop out in that 1st year after getting a serious advance. But, they will likely also have clauses in their contracts that void them if they do. I cant see a major endorsement from Nike being awarded to a college player who immediately decides to drop out of college or rage all night long. they're going to be on a short leash imo.
0
Posted on 7/1/21 at 10:39 am to Tigahs24Seven
I tend to think it will motivate suspect athletes to clean up their act. Businesses also have an image to uphold.
Posted on 7/1/21 at 10:50 am to Tigahs24Seven
Chargers, Bling, and spinning rims all over the place 
Posted on 7/1/21 at 11:01 am to Tigahs24Seven
They have all those things already. Has everyone been living under a rock?
Posted on 7/1/21 at 11:01 am to Bomont
I've already got a post on my LSU South Florida Alumni Association Facebook page from Marcus Dumervil introducing himself and "looking forward to opportunities to connect with brands, business, and companies!"
Sorry Marcus, but I don't know too many companies in South Florida looking to do business with 2nd string offensive lineman in Louisiana. You might want to work on becoming a much better football player and the rest will take care of itself.
Sorry Marcus, but I don't know too many companies in South Florida looking to do business with 2nd string offensive lineman in Louisiana. You might want to work on becoming a much better football player and the rest will take care of itself.
Posted on 7/1/21 at 11:06 am to LSU4Life123
quote:This absolutely needs to happen and is my only real concern.
I work in another athletic department in D-1. Universities and colleges will partner with 3rd party financial companies to teach student athletes how to manage and save their money they make off their name, image, and likeness. If anything, this encourages them to set themselves up for the future more so than not being able to profit off their NIL, especially those student athletes who do not make millions at the professional level.
If the NCAA puts rules in place to forbid this or regards getting such services, gratis or paid, they should be curbed stomped each and every one of them. I fear they will consider such "agents", and that would be terrible.
This is a great opportunity to train them for the future. In fact, LSU should hire Lewis Neal for a full-time position just for this (all athletes, not just football).
Posted on 7/1/21 at 11:08 am to Decatur
quote:
Are the players going to hire agents to get them some of these sweet deals?
I'd recommend hiring a CPA to make sure they don't run afoul of IRS regulations. We don't need 1/2 the players suspended for tax fraud.
Posted on 7/1/21 at 11:08 am to The Pirate King
quote:
It will have a lot of unintended consequences when kids are more focused on making money than school and grinding to get better.
Agreed. This will wind up being the ultimate legacy of this whole racket.
<1% will make bank while the other 99% will find out all about real world hard times really fast.
Posted on 7/1/21 at 11:39 am to Tigahs24Seven
quote:
. 18 year olds making bank with no supervision.
Groupies, fast cars, clothes, booze, weed.... What could possibly go wrong?
Are you saying they weren’t getting all of that before?
Bruh
There will be some that get in trouble but football players have been driving new cars, wearing new shoes, getting drugs, and drinking for free at Fred’s for years my dude. Nothing is changing on accountability. Y’all are acting like this is the end.
This post was edited on 7/1/21 at 11:43 am
Posted on 7/1/21 at 3:58 pm to sportjunkie69
quote:
I'd recommend hiring a CPA to make sure they don't run afoul of IRS regulations. We don't need 1/2 the players suspended for tax fraud.
This is EXACTLY the problem that the "get em paid" crowd does not even consider. I hope the universities help the athletes figure this out before it becomes a legal issue for many. Also, if any are on FAFSA low-income scholarship money it could be reduced or discontinued with income.
Posted on 7/1/21 at 4:09 pm to Tigahs24Seven
They aren't making bank for christ's sake man get ahold of yourself.
Posted on 7/1/21 at 4:10 pm to sportjunkie69
quote:
I'd recommend hiring a CPA to make sure they don't run afoul of IRS regulations. We don't need 1/2 the players suspended for tax fraud.
This.
Access to cars, clothes, drugs, etc has ALWAYS been there for major college athletes. Nothing new there. What is new (for many) is that the money they will be receiving will be out in the open now (rather than $1,000 cash slipped in a Burger King bag after a game). I doubt many 17, 18, 19, 20 year olds have any understanding whatsoever about income tax. Many "F-the rich!, Everything should be free" crowd are about to have a rude awakening. They are absolutely going to need some type of professional advising them on tax and, likely, legal issues (trademark/copyright issues).
For example: Stingley might be the athlete. But LSU still owns their trademarks. Now, it would benefit LSU to work TOGETHER with their athletes (and it looks like they will), but not all schools may. JT Daniels can now use his NLI to promote a product/service. But unless he has UGA's permission, he (generally) can't do it while appearing in his UGA football uniform
Posted on 7/1/21 at 4:11 pm to The Pirate King
quote:
It will have a lot of unintended consequences when kids are more focused on making money than school and grinding to get better.
I posted a long time ago that this would affect recruiting a ton. Now we wont just have to map out their athletic development and show how our facilities and personnel will get them to the promised land. Instead we will have to spend our time finding star athlete sponsor packages and outbid the competition...
This also opens the door for the greedy family members that bring their kids to camp and flat out tell you "I want $400K for my kids services."
This post was edited on 7/1/21 at 4:14 pm
Posted on 7/1/21 at 4:19 pm to GetmorewithLes
quote:
Now we wont just have to map out their athletic development and show how our facilities and personnel will get them to the promised land. Instead we will have to spend our time finding star athlete sponsor packages and outbid the competition...
There is some truth here.
Does this provide some advantage to schools like USC, UCLA, Miami, Notre Dame (Chicago area). Schools in big media markets where it may be much, much easier to line up marketing opportunities.
Alabama players are well known among CFB fans. And there is no doubt Alabama businesses will do whatever is necessary to compensate the best players. But there is only so much marketing opportunity in Alabama as compared to Los Angeles. Now some athletes will be able to transcend the market (ex. The gymnast at LSU who has a zillon social media followers). But those will likely be the exception
Posted on 7/1/21 at 4:35 pm to Alt26
quote:
Does this provide some advantage to schools like USC, UCLA, Miami, Notre Dame (Chicago area). Schools in big media markets where it may be much, much easier to line up marketing opportunities.
That is exactly what I was inferring...
Posted on 7/1/21 at 7:31 pm to LSU4Life123
quote:
I work in another athletic department in D-1. Universities and colleges will partner with 3rd party financial companies to teach student athletes how to manage and save their money they make off their name, image, and likeness. If anything, this encourages them to set themselves up for the future more so than not being able to profit off their NIL, especially those student athletes who do not make millions at the professional level.
Universities can’t do this themselves?
This post was edited on 7/1/21 at 11:13 pm
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