Very illegal. A school can’t talk to a player until they enter the portal. A school can also not say you will get such and such NIL deal if you come to IU, even if a player is in the portal.
Per Dick Vitale …
- Thread starter hoosier48
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Now I can publicly say I will give every basketball player 10 grand for the 22-23 season (see the Miami booster), but IU can’t push that.
After reading this thread, I have no reason to believe IU will be player in NIL and thus falling further behind what is known as modern-day big-time college athletics. RIP
We have a lot of alums, and a lot of money. I think IU will eventually be one of the most profitable places for a basketball player to profit off of NIL. Just might take some time to get it going.
the hysterics are absolute clowns and got people to give them over 100 grand. Think if mark Cuban was running it, or anyone with any semblance of dignity. A normal alum would feel much more comfortable giving money.
You literally said above that nothing is illegal in NIL— maybe you meant that differently somehow but that’s what you said. And fair market compensation is real and you will certainly draw unwanted attention by overpaying. And no TJD is not getting 100k unless he’s putting in more time than he has as a student /athlete to earn it. He’s not at that level.
He made over 100k this year. Would get north of 250 if he came back IMO
He didn’t make $100k from any one source which is the point Re: fair market compensation.
And you literally said in post #10 you could give TJD $1M and it would be legal. That’s not true at all—and a bit concerning you don’t know this already.
Try not to take every last word I type as gospel. But, hypothetically, I could give TJD a million dollars. Nothing in the rules that prevent it. That’s why OSU and bama qbs are getting it.
He got 25k from one source and if the same source gave him 250k instead it would be completely legal.
Have you read one complaint or suit about fair market value?
This is why the portal and grad transfer without sitting out a year should go the way of the Dodo
So can an alumni reach out to a player in the portal? Reach out to a player not in the player? That way it is not IU but an individual or a company (the local Buick dealer for example).
Texas set up a non profit that offered 50 K to the top 16 OLinemen.
Alumni can do whatever they want as long as they are not tied to the school in anyway. See Urban Myer at OSU. He will be doing exactly what you are talking about I am sure.
they thought it would curtail it because it makes so much legal that was against the rules before. Proponents have been wanting player stipends for ever and I guess they thought if players could just get some money, they'd not be tempted by more.... but that's not human nature!
You just get the Cook's to put up $10 million in a starter NIL company. Invest the money and even at 7% return you would have $700k to play with after a year. Pay the players a base price, charge companies for advertising, give a 60% cut of every ad or promotional gig to the kid and put 40% back into the fund for handler's fees and it would not be long before you would have $100k salaries available for every scholarship player, every year, with the ability for them to earn an additional 60% off every NIL related activity they do.
Edit to add: I am just talking basketball here. You would need more money for football. Really though, it is just getting seed money. And the 7% on investment I chose was less than half the average return on the stock market from 2012-2021 (14.8%). You start with small salaries and eventually grow them. Offering $100k base salaries basically, along with a scholarship, along with food, and then add bonuses of 60% of whatever deal the kids can get through your foundation and that looks pretty attractive.
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Let’s get Cook on line 1! Yes, you described a very legal scenario that many universities are deploying as we speak. We will get there.
Assuming $250K for TJD to show up for 5 autograph signings (for example) would by any measure not be considered fair market compensation. What sports celebrity do you know who commands that and compare them to TJD. The SA has to actually earn the compensation and most of these kids don’t have the time to do a lot of that esp. during the season. It’s not that the money itself is illegal—“fairly” earning it in the marketplace is what determines the legality.
And just wait, as the ugly side of this is revealed there will definitely be complaints.
Again you are ignorant. TJD signed to be the face of the bank. Literally all he has to do is take a few pictures. The company can then use TJDd NIL in commercials, in store cut outs, websites, social media, mail outs etc etc.
can you put a price on a tjd cutout in every autozone in Indiana for pennzoil?
What, like having the three best recruits in the nation coming in next year? Lol
Wonder what Steph Curry would command for such a deal? He makes many times more a year than that for his main endorsement deals like Under Armour. But I wonder what he'd make from a local or regional bank, or some statewide Autozone deal? Guessing not a lot more than 250K?? No clue how closely "they" will look at this...and whether someone can measure whether a specific local star like TJD should command more money than a mega star like Curry would.
Not ignorant. The example I used (signing sessions) is very valid. And the example you used for TJD was to the tune of $25K. You suggested he could get $1M. Would it be fair to pay him $1M for this same work? Of course not. He would have to EARN more by doing substantially more work. Plus he’s just not at that level. Fair market compensation is the only piece of this that keeps it from being the wild Wild West—if it’s not too late.
Very ignorant. TJD last year charged 10k per appearance. That’s with no autographs. Drew timme made over 500k I heard and can make over a Million next year if he returns. Chinfluencer shaving deal will go nation wide next year I would assume.
Any top rated player you can justify paying. Schools aren’t going to be paying the 3 stars. If you can spend a million on an athlete you can spend another million marketing him.
I suspect SEC football will define where the limits are. I would absolutely support businesses that have deals with IU basketball players.
Buy clothes at Andrew Davis! I did a deal with them that will drop this summer.
You are worth -$2.25 for putting a U in my name.
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So apparently an acceptable going rate for TJD per appearance is $10K. In your scenario of one business contracting with him for $1M (which you said was legal) he would have to make 100 appearances. Let’s be generous and say he can garner $20K per appearance—still 50 appearances. The SA has to EARN the compensation. Not all athletes have the same value obviously and fair market compensation is a part of the equation even if you don’t want to accept that.
Are there even any rules in place to break? What are they and where can I find them? TIA
Just trying to clarify so people have the full and accurate information moving forward. Lots of opportunity for getting on the wrong side of this stuff for those unaware. Nobody wants that…
The NCAA is so mad at Kentucky they're going to give Cleveland State another year of probation.
Jerry Tarkanian
Jerry Tarkanian
Not sure why you are arguing this. Bryce Young played only a few minutes of garbage time thus far and has $1MM in NIL contracts. Sabin says he knows of a high school junior that just signed an NIL worth up to $8 million.
Not possible to have a reasonable man test to determine fair compensation because the compensation for athletes in the US is in no way reasonable.
College football has its first $8 million NIL deal. Your move, Nick Saban | Opinion
An $8 million NIL deal for a recruit is just the latest example of NIL's impact on college football. Can Alabama football and Nick Saban keep up?
www.usatoday.com
It just is what it is.
Be interesting to see what Manning commands.
I never liked the NCAA and they hated Knight and IU bball because Knight was always outspoken about principles and rules. I still can't believe they suspended Alford for appearing in a charity calendar and then hired that slimeball for firing RMK and trashing the IU program.
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careful...that topic spirals into a Water Cooler discussion so easily. It's just Dicky V, hopefully the FBI HRT team stays home for this one.
Assistant Coach - “Billy, I had a professor call me and say you aren’t going to class.”
Billy - “Screw you chump. I make more money than you do.”
Billy - “Screw you chump. I make more money than you do.”
Don’t worry about that last paragraph. I don’t think you’ll find anybody outside of downtown Indy who’s shedding any tears for the NCAA.Not sure why you are arguing this. Bryce Young played only a few minutes of garbage time thus far and has $1MM in NIL contracts. Sabin says he knows of a high school junior that just signed an NIL worth up to $8 million.
Not possible to have a reasonable man test to determine fair compensation because the compensation for athletes in the US is in no way reasonable.
College football has its first $8 million NIL deal. Your move, Nick Saban | Opinion
An $8 million NIL deal for a recruit is just the latest example of NIL's impact on college football. Can Alabama football and Nick Saban keep up?www.usatoday.com
It just is what it is.
Be interesting to see what Manning commands.
I never liked the NCAA and they hated Knight and IU bball because Knight was always outspoken about principles and rules. I still can't believe they suspended Alford for appearing in a charity calendar and then hired that slimeball for firing RMK and trashing the IU program.
Thanks. I was worried it would draw the usual anti RMK responses but I couldn't hold it in.
funny you mention RMK....I almost posted this hypothetical question yesterday- could you just imagine a 1980s-RMK trying to exist today in the NIL/Portal world? Man o man how things have changed.
