Now, THIS is how you NIL...
I don't know.
I actually was in school with Larry, and I must have interacted with him because he was the President of Eta Kappa Nu. Unfortunately I had other interests and barely paid attention to Eta Kappa Nu other than doing whatever I needed to put it on my resume.
Obviously I should have become better friends with Larry. :)
Yeah, I believe in 1999/2000 Larry visited our EECS class to talk to us about his startup Google. A small group of us ended up chatting with him after class for a while. We all thought it was really cool but no way he was going to do anything against Altavista..... why did I not beg for a job.
I apparently had monthly meetings with the guy and not only didn't become friends with him, but I don't even REMEMBER him. So, yeah, I'm an idiot too.
In my defense, when I was in school, most webpages were really dumb sites with pictures of people's dogs, so I didn't see why the hell anyone would care to search for anything.
Larry went to East Lansing High School. If you all really want him to contribute to NIL, maybe cool it with that “East Landfill” stuff. East Lansing is a nice little place to be from, as long as you avoid the university there.
Someone's gonna top that: "That's not an NIL. This is an NIL."
I'm interested to know if the university had any hand in assisting the company in contacting all 90 players. If you take a broad interpretation of Florida's N/I/L law, that's potentially a violation.
The Florida N/I/L law states, "a postsecondary educational institution . . . may not compensate or cause compensation to be directed to a current or prospective intercollegiate athlete for her or his name, image, likeness, or persona."
I'm as sure as I can possibly be about anything, that Florida will never even consider prosecuting for that.
OK, but Florida is also the white-collar crime capital of the world. The law may as well be draconian, for all the enforcement it’s going to get.
Of the world?? You may want to look north and a little bit east.
Might also depend on what the penalty for breaking that law is. Miami is a private school, so they aren’t funded by the state of Florida. So not like they can withhold funding or anything like that. I doubt it’s a jail-able offense. So what, pay a fine? How much? Who enforces that? What is the penalty for refusing to pay it?
Wait until every OSU recruit gets his own Wendy's franchise. That's when stuff gets real.
Reminded me about the Pryor and free borrowed car from a dealer story long ago. Dealerships will be giving these kids free rides to advertise.
Also had a 350z with dealer tags at osu that everyone was suspicious about. Only remember because I was into Datsun z's back then and it popped up in car club posts.
I just have one question. How does Miami have 90 scholarships for football when the limit is 85?
They rounded up.
Maybe a handful of walk-ons get some too.
Did extra year of eligibility due to covid change that?
Doesn’t matter. Scholarship limits are effectively dead with NIL. For every player not “under the limit” just have someone sponsor their room, board and tuition, etc.. and they are a walk-on…on scholarship
That's not a bad thing
Similar to what was proposed for Juwan to sign Jace as a walk-on to save a scholarship for someone else?
I give them credit for going whole-hog into it.
I love it
It's my opinion that this will end the ncaa.
I imagine in the next few years we'll see semi professional leagues form.
Why can't schools offer football or basketball as a major? Or gymnastics or whatever.
So yep count me all in.
This is great. When I watch a college game, I'm not going to care what player is advertising what products.
Congratulations to all the kids who are making money off their NIL.
"When I watch a college game, I'm not going to care what player is advertising what products."
Ah, but you will in that ALLLLLL the players will soon be sporting advertising patches, logos, etc. like the farce of soccer uniforms. Schools will cry poor and make up the money "creatively".
Starting at QB for the Michigan Wolverines! The Tostitos Bean Dip Quarterback, Cade McNamara! (with associated patches).
Credit the Miami booster for recognizing a good deal when he saw one. Bypass existing laws about compensation and employment and tap a new market with enthusiastic (and the agreement makes it clear that those who aren't won't get anywhere near the full amount) young athletes in exactly the demographic young people will respond to.
Who knows how big this potential market is, whether it will end up including those in non-revenue sports and non-power-five universities, but this seems to have far more potential than paying for Twitter posts (gotta love the MSU kicker and his "enthusiastic" tweet about some podcast last week).
People could form companies around this concept. Like "Celebrity Uber" - a service where you can book a ride from an athlete from the local university. Those "appearance fees" could bypass local labor laws.
Kids might be so busy "endorsing" that they won't have time to show up for practice. Certainly classes will be a problem, but that really hasn't been a requirement for a long time now with the major revenue-producers.
Calling Stephen Ross. Nothing says "rent this quality office space" like a college football player endorsement.
Pitter patter.
From a business prospective for American Top Team, this seems like a weird business move. Guess it's kinda shot gun approach some of them turn out to be big time
I still think our base sits on its hands for too long as a lot of this passes us by. Much like sitting during the game and then standing to watch the band we are a little behind. If there is a money cannon last week was the time to get motivated not next year.
I completely agree. If there is a way to fuck this up, Michigan will find it.
Raback it, we get passed up by other barely relevant B1G schools with NIL due to plain arrogance and insistence everything be “above board.”
I'm 100% in favor of players getting paid, admittedly after being very skeptical of the idea. He created a corporation to circumvent laws that were put in place to avoid this exact thing. Now every other "booster" who was prevented from doing this exact thing is scrambling to funnel the money through "corporations." At this point, why are we all sitting here waiting? We should be creating an endowment for "endorsing" our endowment corporation on Twitter or Facebook.
Holy shit could you imagine late '80s early '90s Miami and NIL.
Luther Campbell is dropping fbombs for the missed opportunities.
This is just the beginning. Alabama and Texas money will explode. Michigan has a looooot of money. But don't tell me, some artificially created moral high ground will keep it from flooding into the picture.
Just wait for the stories about how NIL-related cash is being spent by 18-22 yr old young men across the country. With everything being above the table now, it’s going to be big party time.
Are you thinking that Louisville will no longer need to supply the hookers and blow?
Where are the donors paying for these trips overseas, let’s change that to NIL fund
I'm confused...why is "THIS" the way you NIL?
Also, it's $6k and some of you are whining like the world is coming to an end.
Calling Stephen Ross and Equinox gyms....
ATT is one of the best MMA gyms around, and Dan Lambert funded it out of his own pocket.