Boom! Miami Player Wong will enter transfer portal if NIL isn’t increased!

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bga1 said:
They already were paid. The idea was that the college would take a chance and offer you 4 years of education and you would agree to that bargain and develop over 4 years. The benefit for the player is obvious- gain maturity, a college education, a chance in a lifetime opportunity to play before crowds and win games for the university you chose. This idea that money is everything in our choices is a really really bad one. I personally think that a kid going through 4 years of having to develop and stick with something is likely better statistically for the kids than making $100k a year at age 19 for being able to run and jump with no long term commitment to team or university.

Considering that 60- 80% of adult pro athletes end up BROKE a couple of years after they retire tells me that the straight emphasis on getting paid during college might not be so great. Maturity, character and commitment > cash IMO.

Look, for the kids that want the cash and not the education, they should be free to go pro to the NBA G League, Europe or where ever. College was supposed to be amateur sports.

Here is a point of reference to my above guess:
Statistics suggest that up to 78% of NFL players go bankrupt or fall into severe financial stress within just two years of retirement. For basketball players, the figures are only slightly better at 60% of financial ruin within five years of retirement.

A lot of money comes to draftees as a lump sum signing bonus, essentially front-loading their careers while they're still getting their toes wet in the world. As a direct consequence, many of them fall into a lavish lifestyle characterized by million-dollar cars, mansions, extravagant parties and more.
By the third or fourth year of their careers, players are already straining to live up to their former lavish lifestyle without their bonuses. This unsustainability spirals over time and creates a financial burden, even before players approach retirement.

www.kiplinger.com

How NFL Draftees Can Avoid Going Broke | Kiplinger

It’s an all-too-common fate for many — but it’s avoidable with a little planning, according to a financial planner specializing in helping professional athletes who has seen it all.
www.kiplinger.com
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You cap it at "payment in kind" of ~4 years of college, someone else suggests a salary on top of that, another person suggest it should be unlimited. What is the difference except a few dollars?

Seems to me the only people not making a ton of money these days are the players. Weird...
 

CPTMidnight said:
You cap it at "payment in kind" of ~4 years of college, someone else suggests a salary on top of that, another person suggest it should be unlimited. What is the difference except a few dollars?

Seems to me the only people not making a ton of money these days are the players. Weird...
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The difference is the focus on money. At that age learning commitment and maturing is better than money.
 

alchemy2u said:
Ruiz is not smart. He is an egotistical fanatic that thinks he is helping "his" team by throwing his money around. He is destroying the team.

OK, so he pays these transfers top dollar to come join the team to make it better. He thinks by adding these players to the current roster that it will be even better and "worth the NIL costs" of these new players". But in doing so, he just pissed off the current players that then leave the team. So his dream team never materializes.

And the coach just stands there as this idiot meddles with the team.
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If you can't afford a pro franchise buy a team for your favorite college.
 

Gophers1992 said:
I'll fully admit that I do not have the legal knowledge to speak confidently on this, but how can they justifiably pass a law that says "college athletes can't be paid more than $100K", or whatever figure they choose. Doesn't make sense to me, but again I am open to being proven wrong.
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Playing a college sport isn't a right. The NCAA could justifiably put a rule in place limiting NIL deals in order to keep the sports from getting out of hand from a competitive standpoint. If the athletes don't like it....they can play professionally somewhere else.
 

Not Wong (or bball) related, but Jordan Addison WR is reportedly leaving Pitt in a bidding war between USC and Bama. I'm fine with kids getting money but if/when this is the norm in college it will talk something away from the game
 




bga1 said:
The difference is the focus on money. At that age learning commitment and maturing is better than money.
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It just seems interesting that the people suggesting these kids are far better off not making money - are the ones making money on it. ...or the ones wanting to see kids play for free for a "purer" college basketball fan experience.

Its the wild west right now which probably is the worst way to approach it. Find a way or lower my tickets back down to $5.
 

Gophers1992 said:
Ok but how are players going to agree to any sort of deal that limits their ability to profit off of their name image and likeness? The NFL doesn't cap how much Aaron Rodgers gets paid to do state farm commercials.
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But you know that the high priced college NIL‘s are not a real advertisement agreement like the NFL deals. They are recruitment bribes that are not a source of profit for the businesses that pass them out.
 



Gophers_4life said:
Maybe. We don't know though.

If what we have now is so obvious ... then why aren't billionaires giving NFL players so much money in NIL deals that it overtakes what they make in league salary?

Why not set it up so that everyone on the team makes the league minimum, and then let NIL deals make up the rest of it in an unlimited/unregulated manner?


Why is there such a difference, here?
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Because the dollar amounts are different. You can make a difference in college at 100’s of thousands/player, but it would be millions/player in the NFL. Also, boosters are more interested in impacting their favorite college team more than NFL team.
 

Gophers1992 said:
I'll fully admit that I do not have the legal knowledge to speak confidently on this, but how can they justifiably pass a law that says "college athletes can't be paid more than $100K", or whatever figure they choose. Doesn't make sense to me, but again I am open to being proven wrong.
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You sure are having a problem with placing any rules, restraints or limits on these NIL’s.

Many parts of our lives have rules, guidelines, laws, etc in order to prevent disorder.
 

alchemy2u said:
Because the dollar amounts are different. You can make a difference in college at 100’s of thousands/player, but it would be millions/player in the NFL. Also, boosters are more interested in impacting their favorite college team more than NFL team.
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Agree it's cheaper to make an impact ... and yet we're seeing a Miami player here not satisfied with the seven figure deal he was offered and accepted.

Also agree that, for some reason, boosters want to impact things in college more than NFL.

Maybe another reason is that in college it's also the wild west on where/how players can play. There are no contracts. You can up and leave on a whim, and be eligible anywhere the next season. And of course, there is no draft.
 

At some point I think NCAA is going to have to go to actual contracts, just like NFL NBA etc. If you think you can do better, sign a 1 yr deal then you can leave, but if you sign a 4yr deal, sorry bout it. Same goes for the college or booster. You sign a kid for 4 years and he/she are a total flop, sorry they are locked into a scholly and NIL money
 




Would truly love to know what percentage of NIL money is going to legit NIL ventures and what percentage is just being used as a handout to get players to various schools?

Take Ruiz for an example. Is he using these players Name, Image, or Likeness to promote his products or is he just handing out big checks and relying on the publicity that comes with doing that?

I know there is no way to answer this question, but we all see the way huge sums of money are being tossed around in basketball and football under the guise of NIL but I really do wonder how often it is getting used as intended vs. exploited the way it is at the most high profile levels.
 

MNVCGUY said:
Would truly love to know what percentage of NIL money is going to legit NIL ventures and what percentage is just being used as a handout to get players to various schools?

Take Ruiz for an example. Is he using these players Name, Image, or Likeness to promote his products or is he just handing out big checks and relying on the publicity that comes with doing that?

I know there is no way to answer this question, but we all see the way huge sums of money are being tossed around in basketball and football under the guise of NIL but I really do wonder how often it is getting used as intended vs. exploited the way it is at the most high profile levels.
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Exactly. Ruiz's "deals" are nothing more than providing primary income/salary to be a professional player for the U of Miami. That's precisely what it is.
 


coolhandgopher said:
I find it difficult to argue with this point:
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I don't find it difficult, at all. Two main counter-arguments:

1) the "(which, questionable)" is absurdly incorrect. It absolutely is not questionable. Lot of folks predicted what a s__tshow that unregulated NIL would be, if they went down that path. And here it is. Lot of the same folks are worried that this is going turn people off and drive down college football viewership.

2) even if it doesn't drive down viewership ... the sentiment of the post is essentially "try to trick rich boosters into giving as much money to you upfront, even though you haven't earned anything yet on the field". In a sense, that is just wrong. You should earn your pay, in my opinion.
 

Gophers_4life said:
I don't find it difficult, at all. Two main counter-arguments:

1) the "(which, questionable)" is absurdly incorrect. It absolutely is not questionable. Lot of folks predicted what a s__tshow that unregulated NIL would be, if they went down that path. And here it is. Lot of the same folks are worried that this is going turn people off and drive down college football viewership.

2) even if it doesn't drive down viewership ... the sentiment of the post is essentially "try to trick rich boosters into giving as much money to you upfront, even though you haven't earned anything yet on the field". In a sense, that is just wrong. You should earn your pay, in my opinion.
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Counterpoint to that line of thinking…

1. I’d agree that it seems likely at this point that college sports will likely be affected negatively; however, there is no sample size whatsoever for us to judge this by, unless you are concerned that the likes of Alabama, LSU, Georgia, Ohio State, and Clemson dominate the national championship playoffs year after year—oh wait, that’s already happening.

All this talk about regulation makes me wonder, who exactly would be in charge of that? The NCAA? College administrators? The same fellas who had years and years to come up with an equitable plan with the players and arrogantly hid behind the “full scholarship” argument while their pockets got lined with greenbacks?

2. Earn your pay by hoping you make it unscathed by serious injury for 3-5 years, climb through the dog-eat-dog mentality of the depth charts, all while being shuttled towards college coursework that doesn’t get in the way of the reason you are on campus? Making sure that you tie the required lines of the coaches so you don’t end up in their doghouse? And you do all that, become a standout for your program and, as Sherman points out, still end up scrapping and clawing for a contract in the NFL? I would rather these kids find some money in their pocket rather than more $$$ in the pockets of hypocritical coaches or administrators.

One thing NIL should do is at least lay everything out in the open—HS recruits have been getting wooed for years with illegal payments and it seems only those programs located in major metropolitan areas with big league reporters—SMU, Minnesota, Miami, U. of Washington, Ohio St, USC-have found themselves under the scrutiny that actually results in severe repercussions.
 

Gophers_4life said:
Agree it's cheaper to make an impact ... and yet we're seeing a Miami player here not satisfied with the seven figure deal he was offered and accepted.

Also agree that, for some reason, boosters want to impact things in college more than NFL.

Maybe another reason is that in college it's also the wild west on where/how players can play. There are no contracts. You can up and leave on a whim, and be eligible anywhere the next season. And of course, there is no draft.
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Where did it say he was offered 7 figures
 

coolhandgopher said:
Counterpoint to that line of thinking…

1. I’d agree that it seems likely at this point that college sports will likely be affected negatively; however, there is no sample size whatsoever for us to judge this by, unless you are concerned that the likes of Alabama, LSU, Georgia, Ohio State, and Clemson dominate the national championship playoffs year after year—oh wait, that’s already happening.

All this talk about regulation makes me wonder, who exactly would be in charge of that? The NCAA? College administrators? The same fellas who had years and years to come up with an equitable plan with the players and arrogantly hid behind the “full scholarship” argument while their pockets got lined with greenbacks?

2. Earn your pay by hoping you make it unscathed by serious injury for 3-5 years, climb through the dog-eat-dog mentality of the depth charts, all while being shuttled towards college coursework that doesn’t get in the way of the reason you are on campus? Making sure that you tie the required lines of the coaches so you don’t end up in their doghouse? And you do all that, become a standout for your program and, as Sherman points out, still end up scrapping and clawing for a contract in the NFL? I would rather these kids find some money in their pocket rather than more $$$ in the pockets of hypocritical coaches or administrators.

One thing NIL should do is at least lay everything out in the open—HS recruits have been getting wooed for years with illegal payments and it seems only those programs located in major metropolitan areas with big league reporters—SMU, Minnesota, Miami, U. of Washington, Ohio St, USC-have found themselves under the scrutiny that actually results in severe repercussions.
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Solid post, thanks for the discussion!

1) I'm talking about national interest in viewership in college football, the CFP, the CFP championship game. A good amount of the viewership were not alumni or necessarily even fans of those two teams. Same thing as, though on a smaller level than, the Super Bowl.

I have no proof that it will go down. I just think it is a worry, when/if we get to pay-for-play. Technically now, it is not, but NIL defacto certainly seems to be that.

2) I don't think they should withhold your money until the end or until you've earned a trophy or All-American for the team. But the sentiment of the post, to me, reads all the way the opposite. "Take em for everything their worth, who cares if you never amount to anything on the field". Maybe that's wrong to take it that way.

There is a reason that NFL rookies don't get to make the big bucks their first four or five years. Indeed, some players bomb out and never make it huge, for various reasons. Including some who were stars in college.

I do think it is worth something that a recruit has worked very hard and achieved a lot in high school/JUCO/lower college levels, to then be in a position to even be courted in this way, in the first place. Sure

But some of these deals seem like levels of money that would be like a player who just brought home a natty for the school ...
 


Gophers_4life said:
$800k + a car? Sorry, I guess it didn't quite get to 7 figures ...

But what about the other player (not sure what school) who signed an $8M deal??
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The guy that was upset didn’t get the 800k & a car deal that’s why he’s upset. He’s mad that he was the best player on an elite 8 team and some transfer will come in from a losing team and get more
 
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GopherPlaya said:
They got that was upset didn’t get the 800k & a car deal that’s why he’s upset. He’s mad that he was the best player on an elite 8 team and some transfer will come in from a losing team and get more
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Can't imagine there will be some individual resentment. Perhaps they'll have to find a new way to spell team.
 

Dakota2 said:
The only argument is that college athletics is amateur, not professional.

No athlete is denied the opportunity to work and be compensated as a professional on a pro team. The NBA is the only entity that constrains free trade by requiring one year of college first. If we are seriously concerned with the athletes they should be free to go pro at any age, even while still in high school.

None of that has anything to do with amateur sports.
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The NBA does not require one year of college. They require someone to be 19 as of January 1 of the draft year to play in the NBA. It can be college, G-League, being held back in grade school (which I am surprised doesn't happen more), or Europe. If someone wants to start a second minor league for mainly 18-19 year olds, that can be another option.
 

Again not bball related but Addison (WR PITT) entered the portal yesterday with a wink wink agreement with USC, rumors are $3m plus a house. Again I'm fine with kids getting paid, but I don't like being able to call kids on other teams like they are FA. Also, the price of business is going up, if you don't have money, good luck but it's not likely to work out in a big way.
 

bga1 said:
100%

As it stands right now the sit rule is the only option. If they want to move around to make more- then go to the G League or overseas, don't use what was formerly our higher education system to hawk your wares every year to the highest bidder. There has to be a balance between rights and responsibilities and at the moment, it's all rights.
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I said it before and I'll say it again
This is beginning of the end of COLLEGE sports
 

Gophers_4life said:
I don't find it difficult, at all. Two main counter-arguments:

1) the "(which, questionable)" is absurdly incorrect. It absolutely is not questionable. Lot of folks predicted what a s__tshow that unregulated NIL would be, if they went down that path. And here it is. Lot of the same folks are worried that this is going turn people off and drive down college football viewership.

2) even if it doesn't drive down viewership ... the sentiment of the post is essentially "try to trick rich boosters into giving as much money to you upfront, even though you haven't earned anything yet on the field". In a sense, that is just wrong. You should earn your pay, in my opinion.
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Why would that be wrong? Are you against signing bonuses in other sports/occupations? If someone wants to pay someone money for something, why would it be wrong? No one is tricking anyone into anything. Paying people upfront is a gamble and it happens in every major industry in the world.

I've seen some arguments against NIL and paying college athletes, I didn't think I'd ever see anyone argue it's unfair to the rich boosters who want to pay the money.
 

alchemy2u said:
But you know that the high priced college NIL‘s are not a real advertisement agreement like the NFL deals. They are recruitment bribes that are not a source of profit for the businesses that pass them out.
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In my mind it doesn't really matter, if someone is willing to pay you for your talent, then by all means go right ahead.
 

alchemy2u said:
You sure are having a problem with placing any rules, restraints or limits on these NIL’s.

Many parts of our lives have rules, guidelines, laws, etc in order to prevent disorder.
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Honestly, if someone could provide a good solid reasoning for regulation besides "this is unfair", "my team won't be able to compete", "these are amateur athletes", I'm willing to be convinced otherwise. As far as I can tell these are agreements between consenting adults and nobody is being robbed or done any harm in the process. There is no "disorder" here that is causing anyone harm.
 

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