Shama: It’s believed Medved will have a program high of over $7 million to pay players for next season.

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BleedGopher

BleedGopher

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Per Shama:

There’s a buzz, including with potential recruits, around Niko Medved’s University of Minnesota basketball program. Don’t be surprised at the program’s success during the transfer portal period that started yesterday and ends April 21.

It’s believed Medved will have a program high of over $7 million to pay players for next season. This is a combined pot of athletic department revenue share money and dollars from donors for Name, Image and Likeness.

Athletic departments in the Big Ten and elsewhere don’t disclose NIL budgets to pay players for activities such as TV commercials, social media endorsements and personal appearances. However, it’s believed the Gophers NIL budget for the coming year could be at least $3.5 million, with a similar amount coming from the U athletic department. Bottom line is Medved will have more money to work with than his first season and word is his budgets from the two sources put Minnesota in the middle range among the Big Ten’s 18 men’s basketball programs.


Go Gophers!!
 






If they really have 7 mil shouldn't we expect one of those former 5 stars that couldn't get the playing time they wanted at "put blue blood here"?

Maybe that is Evans (sans the five star part). I guess we will see
 
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With all that $$$…imma tryout!! 🤾🏿
 

Unregistered User said:
Got a little excited when I read the line "Don’t be surprised at the program’s success during the transfer portal period that started yesterday and ends April 21."

Then I saw the source was Shama, and sighed.
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When you see the phrase “don’t be surprised” in any part of your life, just assume it’s Shama or Shama in disguise.
 




GopherNuts said:
When you see the phrase “don’t be surprised” in any part of your life, just assume it’s Shama or Shama in disguise.
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Shama’s carved out ownership for that phrase like Shooter has for his very talkative “little birdie.”
 


$7 million seems impressive but I read an article about Iowa basketball and the portal a couple of days ago and that one said they could have $10 million. I never thought of Iowa as one of the wealthier teams in the conference but reportedly they're wealthier than us.
 
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topos said:
Whatever happened to the clearing house that verified NIL payments were legit and priced appropriately for services rendered, and not “play for pay?”
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Not sure. All I know is if they start doing that, it ism 1000 times more likely that a team like MN will get punished than a blue blood (like my moniker).
 

Ours went up but isn’t everyone else’s going up too now that the athletic departments can directly kick in money to play players?
 

Ron Johnson Super Fan said:
Ours went up but isn’t everyone else’s going up too now that the athletic departments can directly kick in money to play players?
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I would love to see how this breaks down, but the data we have is so limited. For that reason, it's hard to answer this question. To your point: it would seem to favor football schools, but those football programs have a slew of good players to pay.

Here's what I think the Gophers' advantages are:
  • They're in the Big Ten, which has the best television network and oodles of money from that. (That said, even within the Big Ten, there are haves and have nots.)
  • A gigantic base of alumni from our 50,000-plus enrollment. Not many schools have that.
  • Being in a large city can work against a college program, but there can be advantages, too. Anyone who experienced 1997 knows what it's like when a large community goes ape shit over the local team.
  • We have more than our share of Fortune 500 companies. There's money in there somewhere.
 




Bad Gopher said:
As predicted, this is a money pit that has no bottom.

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I assume this means that they still have the same revenue sharing cap and not that they have an extra $14.6 million to pay athletes since it's not an NIL increase. Basically, it sounds like the state is supplementing 3/4 of the revenue share money. Am I wrong?
 

Ski-U-Ham said:
I assume this means that they still have the same revenue sharing cap and not that they have an extra $14.6 million to pay athletes since it's not an NIL increase. Basically, it sounds like the state is supplementing 3/4 of the revenue share money. Am I wrong?
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"Nobody knows."
 

Ski-U-Ham said:
I assume this means that they still have the same revenue sharing cap and not that they have an extra $14.6 million to pay athletes since it's not an NIL increase. Basically, it sounds like the state is supplementing 3/4 of the revenue share money. Am I wrong?
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There is still a cap, I believe. My impression is that this frees up the max allowed money to go to the players
 

Bad Gopher said:
I would love to see how this breaks down, but the data we have is so limited. For that reason, it's hard to answer this question. To your point: it would seem to favor football schools, but those football programs have a slew of good players to pay.

Here's what I think the Gophers' advantages are:
  • They're in the Big Ten, which has the best television network and oodles of money from that. (That said, even within the Big Ten, there are haves and have nots.)
  • A gigantic base of alumni from our 50,000-plus enrollment. Not many schools have that.
  • Being in a large city can work against a college program, but there can be advantages, too. Anyone who experienced 1997 knows what it's like when a large community goes ape shit over the local team.
  • We have more than our share of Fortune 500 companies. There's money in there somewhere.
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Not saying these aren't good things to have, but they aren't as big as one would think. By far the #1 thing you need is that 1-2 kingpins who kick in MASSIVE amounts of money. Think Cuban at Indiana, Ellison at Michigan, Oil Guy Campbell at TTU, phil knight at Oregon. That is easily the most important. It helps everything to be smooth and outspend easily, and then everyone follows along. Harder for both individuals and corps to give to a 10-15th place team in a conference vs a top 3 team in the country.
 

If we had newspapers...it would be fun to do a little investigative reporting and talk to a few agents and see what's going on in the portal. 1. We know there are way too many players for available roster spots. But yet, 2. We have like 5 guys a day signing...why is that? 3. How many offers a day are your clients getting? If it's a lot you can ask for a lot of money...especially if nobody (5 a day are signing) If you have a client with only one offer ...but other clients have a lot then you slow pay to give the illusion your guy with one is sought after in an attempt to increase the money because nobody is signing. And your client says let's go!!! I want the money!

While nobody signs is it because we want to do these signings in person and get a contract. Setting up in person meetings takes coordination. Visits cost money and take time.
You want to be sure and have a high close rate if you are the school....so you do your homework.
You can't give the wrong guy a million dollars...you're gonna get fired do it a couple times.

There are a million scenarios...but I'm still surprised the flood gates have not opened. Gotta be a 40-50 guy day on the near horizon and then it'll be a scramble. But it'd be fun to ask an insider a bunch of questions to know what the heck is going on? NFL free agency is gone in a few days and there is only 30 teams...we got 300 teams bidding.
What's taking sooo long? :)
 

60's Guy said:
If we had newspapers...it would be fun to do a little investigative reporting and talk to a few agents and see what's going on in the portal. 1. We know there are way too many players for available roster spots. But yet, 2. We have like 5 guys a day signing...why is that? 3. How many offers a day are your clients getting? If it's a lot you can ask for a lot of money...especially if nobody (5 a day are signing) If you have a client with only one offer ...but other clients have a lot then you slow pay to give the illusion your guy with one is sought after in an attempt to increase the money because nobody is signing. And your client says let's go!!! I want the money!

While nobody signs is it because we want to do these signings in person and get a contract. Setting up in person meetings takes coordination. Visits cost money and take time.
You want to be sure and have a high close rate if you are the school....so you do your homework.
You can't give the wrong guy a million dollars...you're gonna get fired do it a couple times.

There are a million scenarios...but I'm still surprised the flood gates have not opened. Gotta be a 40-50 guy day on the near horizon and then it'll be a scramble. But it'd be fun to ask an insider a bunch of questions to know what the heck is going on? NFL free agency is gone in a few days and there is only 30 teams...we got 300 teams bidding.
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A massive game of musical chairs with a lot of $$ but not enough chairs.
 

howeda7 said:
A massive game of musical chairs with a lot of $$ but not enough chairs.
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The result of that should be urgency on both sides? ...I haven't done the math but if I'm not a top 25 guy waiting seems risky. But maybe the Top 25-50 gotta go before schools resign themselves to offer 50-200 rated players. And maybe the 50-200 think they are a Top 25 kinda guy. And schools say we can always get the 200-500 guys...don't bother with them right now.
 

leib0039 said:
Not saying these aren't good things to have, but they aren't as big as one would think. By far the #1 thing you need is that 1-2 kingpins who kick in MASSIVE amounts of money. Think Cuban at Indiana, Ellison at Michigan, Oil Guy Campbell at TTU, phil knight at Oregon. That is easily the most important. It helps everything to be smooth and outspend easily, and then everyone follows along. Harder for both individuals and corps to give to a 10-15th place team in a conference vs a top 3 team in the country.
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Not untrue, but you have to take your advantages where you can get them.

Did I hear right that T. Denny Sanford was investigated for child pornography possession? As far as he and his alma mater go, he can keep his money.
 

Bad Gopher said:
Did I hear right that T. Denny Sanford was investigated for child pornography possession? As far as he and his alma mater go, he can keep his money.
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Yes. But he hired the former SD state AG to defend him and they magically went away.
 

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