Every Single Scholarship Gophers Football Player Has an NIL Deal, PJ Fleck Reveals

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fmlizard said:
Your stock in that company represents some claim on the assets and future revenues of that company. If most investors sold their shares the price of those shares would go down a lot, but the value they represent would stay the same, assuming the business didn't change.

Bitcoin is backed by nothing except the collective inflows to bitcoin, which depend almost entirely on investor sentiment and the ability to easily flow money into Bitcoin (recently, ETFs). If everyone sold their bitcoin the price would go down and their value would go down by the exact same amount, because the only value it has the value it can be sold for. There is no tangible value.

None of this means I'm not invested in Bitcoin. Sentiment plays are still valid plays. I simply mentioned it because it's an example of how sentiment is extremely positive (this also shows up in discretionary purchases) while Americans say on surveys that the economy is worse than 2008. A lot of this survey response is partisan politics, a bombardment of negativity on social media coming from foreign and domestic voices, and a real situation of young people being left behind by asset price inflation.
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Much better explanation and I agree about the "value". For example, I sold mine because I wanted to take the profit as you and I agree that there's nothing holding the value. I think it'll stick around, just not at $70,000.

That being said, remember, the initial post me and @UpAndUnder43 were replying to was you calling bitcoin "fake". But like someone else said, could have been hyperbole.
 

MplsGopher said:
I think the same could reasonably be said of a lot of things that people buy with the only intention being to sell it in the future for a higher price.
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I still have my Ken Griffey Jr. Upper Deck rookie cards, along with the Canseco (Donruss?) rookie card that I shelled out $70 for back when I was a kid and $70 was a lot to me.

Have no idea what they are worth now, probably less than 30 years ago, sigh.
 


Out State Gopher said:
If people do not like Bitcoin preferring stocks, one should look into DJT as it is going thru the roof! I am not familiar with that company.
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Do what you like, of course, but I wouldn't go long with DJT right now unless you're just trading it. These SPAC stocks usually get hammered after the initial run up and Trump haters in the trading markets (potentially large institutions and governmental players) could do their best to drive the price down in lead up to the election. I'd wait to see multiple periods of earnings reports and after the price volatility ends. The price will eventually get hammered and then hammered some more, then that will be the time to think about going long.
 

Panthadad2 said:
Do what you like, of course, but I wouldn't go long with DJT right now unless you're just trading it. These SPAC stocks usually get hammered after the initial run up and Trump haters in the trading markets (potentially large institutions and governmental players) could do their best to drive the price down in lead up to the election. I'd wait to see multiple periods of earnings reports and after the price volatility ends. The price will eventually get hammered and then hammered some more, then that will be the time to think about going long.
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DJT has never earned revenue so tough for me to want to invest. Wish I had rode the wave up 40% today though. Alas, I did not.
 


GopherTheJugular said:
I still have my Ken Griffey Jr. Upper Deck rookie cards, along with the Canseco (Donruss?) rookie card that I shelled out $70 for back when I was a kid and $70 was a lot to me.

Have no idea what they are worth now, probably less than 30 years ago, sigh.
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I'm still hoping to be able to retire early with my Ben McDonald rookie cards.
 

Latest episode of Pair and a Spare, Ryan Burns claimed he looked at FY23 data for Gopher athletic department and the books are claiming $13M in donations on just the Football budget.

No F'ing way that is valid. That is some accounting hand waiving/trickery.

Does anyone here for a second believe that, regardless if it was 1 person for $13M or 130 people for $100k, that that much was directly donated in checks to the athletic department this past fiscal year (2022-23 school year) to the football program???

No way.
 

My wild guess:

that $13M is an allocation slice from the total endowment income last FY of the total U endowment, for those gifts that have enough leeway in their spending restrictions that the school can justify allocating to the athletic department however is needed.
 

MplsGopher said:
My wild guess:

that $13M is an allocation slice from the total endowment income last FY of the total U endowment, for those gifts that have enough leeway in their spending restrictions that the school can justify allocating to the athletic department however is needed.
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If that amount includes season ticket contribution, village donations then maybe even seems low. Good question for Coffee with Coyle.
 



Panthadad2 said:
What I envision with NIL, and would do if I was age 20 and in college again, is start some sort of influencer channel. Sort of what The Cartier Family did a few years ago...a few of college kids (I think they are athletes) doing short reaction videos and chatting about current events. I believe these guys bring in some pretty good coin.
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Funny, I actually follow these kids on YT and have for quite awhile. Fun to see their channel grow!
 

Pompous Elitist said:
If that amount includes season ticket contribution, village donations then maybe even seems low. Good question for Coffee with Coyle.
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Forgot that you're required to make a donation to be able to purchase season tickets. If they had 30k sales (pretty sure it has never been that high in Kill or Fleck's tenures?) that would be $433 each to get to $13M donations. I have no idea how much you're required to do for the donation, but guessing that's too high.

I suppose some Athlete's Village donations came in, and I suppose they could justify allocating some percentage of that as football donations.

Two good points, thanks for bringing up.


Burns's point was that the athletic dept, in particular the football budget, doesn't need that $13M when they're under spending the total football revenue (largely bolstered by TV money) by $30M or so, and wishes for even just a couple Million more to be donated to DTA instead.
 

MplsGopher said:
Burns's point was that the athletic dept, in particular the football budget, doesn't need that $13M when they're under spending the total football revenue (largely bolstered by TV money) by $30M or so, and wishes for even just a couple Million more to be donated to DTA instead.
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As you’ve stated (I think) the current opaque fan-funded NIL model is a joke and a losing war for most schools. Nice to think about but we have to acknowledge when we’re strategically outgunned.

Fans should be rooting for conferences to split a portion of tv revenue with athletes of revenue sports so we can be rid of collectives or at least diminish their importance. The only people that want collectives are collective management. The exact percentages of broadcast money sharing might vary but the suits surely have the viewership and ad revenue numbers for football, men’s and women’s basketball, hockey. Example: 50% of conference revenue goes to athletes, 80% of that is split between the football team 15% to men’s basketball, 2.5% each to women’s basketball and men’s hockey. Or, it could follow the socialist style of the Big Ten (MN gets same share of broadcast money as Ohio State) and give equal distributions to every athlete of every sport. IF that involves an equal share of Big Ten revenue to each schools athlete pool that puts competitive pressure on each school to cut sports to help offer higher distributions to football players.

Just throwing $*it at the wall.
 

Or, the courts could deem athletes employees. That would be “interesting” and generate some clicks and subs.
 



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