SEC Bag Man Benefits

Submitted by maizedandconfused on

Interesting post on Instagram, was quickly deleted. Image is of Alabama starting running back Derrick Henry. 

preed1

May 13th, 2014 at 11:03 AM ^

Look at the houses in the background, doesn't look like he lives in the hood. Very possable that was a gift from mommy and daddy.

bigdemo

May 13th, 2014 at 11:16 AM ^

It is also possible to get government money, $10,000 to open a coffee show, $3,000 to learn a new language or work on your invention....

No idea of this kids background or parents, but it is at least plausible that this nice house in the burbs may also have been a gift from good ole' Saban Claus. 

GoBLUinTX

May 13th, 2014 at 12:11 PM ^

The only thing I can find about his parents is that they were 14-15 when he was born, that he was raised by an elderly grandmother and that his father was mixed up in the drug world.  His father evidently cleaned up his life enough to have occasional visits with Derrick.  At some point Derrick Henry left his home and lived with a coach. 

JeepinBen

May 13th, 2014 at 11:32 AM ^

Anyone else remember Gabe Watson's H2? I think it was just his last semester (most likely an advance from his agent and legit) but there was a big yellow H2 that he used to roll around in on like 24" rims.

It's not uncommon for sure-fire draft picks (and Braylon was going to go and did go top-10) to get an advance on their first contract from their agent. The agent could have lent Braylon $ for a down payment and a few months with the understanding that after Braylon gets his contract he'll pay the agent  back.

WolvinLA2

May 13th, 2014 at 12:18 PM ^

This is eactly right.  I knew Braylon in college, and he didn't have that car until about March before he graduated.  Everyone knew about it (because he drove it all around campus, which I would probably do too) but there was nothing shady there.  It's not uncommon for agents to offer big gifts to lure in guys who are going to be top picks.  Same thing with Gabe, who wasn't as high of a pick, but had a Hummer instead of a Bentley.  And yes, I think those rims were 24".  I remember driving behind one day, thinking the spare mounted on the back was almost as wide as the hummer itself.

DrewGOBLUE

May 13th, 2014 at 4:47 PM ^

Not quite on the same level as a Bentley, but during the spring of my senior year (2010), Brandon Graham got himself a nice Escalade and drove it all around campus for everybody to see. I don't know the specific details, but I heard in his case nothing he did to get the car was impermissible.

Prince Lover

May 13th, 2014 at 11:49 AM ^

What I can't explain is why this kid would use last king 2 for his name. If I had a cool, hip name I wanted to use, then found out someone else had already thought of the name and is using it, I would want to come up with something else. I wouldn't just add a 2 to it. Especially if a word in my name (last) implied I was the only one with that name. Or was this not the point of the thread?

gwkrlghl

May 13th, 2014 at 12:52 PM ^

even on some terrible lease agreement so it's possible it's legit but I will still cock an eyebrow in that direction (even more so since it was quickly taken down)

mGrowOld

May 13th, 2014 at 1:07 PM ^

FWIW I knew the guy who sold LeBron's mom the infamous yellow Hummer she bought for him when he was still in high school.  EVERYBODY assumed it was somehow given to him illegally given that Gloria had zero money and the family couldnt possibly afford it.

What he told me was the nature of the deal made it VERY attractive to the dealership if Lebron was able to turn professional and pay it off.  They put her on the high risk financing package (around 25% interest) and deferred all payments for 24 months (while he was in High School) making that Hummer go for about 100K plus when paid off. 

So if Lebron doesnt go pro for some reason the dealership is basically out the two year depreciation of the Hummer after the repossess it but if he does then then get over 100K for a 50K car.  Given that he was on the cover of ESPN the Magazine at the time it seemed like a pretty good bet for the dealer and they took it.

We always want to think this stuff is shady but I'll bet al lot of time it's not - it's just a dealer willing to bet on the kid knowing they'll make a shit-ton of money on the deal if they kid hits.

Ron Utah

May 13th, 2014 at 1:28 PM ^

LeBron was just about the surest thing to go pro in a big way in the last 25 years.  Derrick Henry is a sophomore in a sport that sees a lot more kids go down due to injury and could find himself out of the game in the next couple of years.  And even if he does get drafted, Henry isn't going to see LeBron money for his first contract, or maybe ever.  It's also highly unlikely he'll get sponsored like LeBron did.

Businesses, like the dealership that financed LeBron, understand the risk/reward...no way would an honest business put together a similar deal for Derrick Henry, or most college football players.

Ali G Bomaye

May 13th, 2014 at 1:33 PM ^

Obviously this doesn't apply to LeBron, since he never was an NCAA athlete.  But if the dealership offers a player a financing package that isn't available to the general public, isn't that an impermissible benefit?  I know that most people with zero money can't walk into a dealership and get a luxury car for no money down and no payments for 24 months.  If an NCAA athlete starts driving around in a suspiciously nice car, it's reasonable to ask questions even though these kind of financing packages might be available.

mGrowOld

May 13th, 2014 at 1:54 PM ^

But it is available to the general public IF the dealer wants to roll the dice on the deal. Think of it this way - if you had an inherentence that was timed to your 21st birthday and you went to the dealer and asked for the "LeBron Special" on your 19th birthday they'd probably give it to you too.  The dealer can do anything they want - it's their car - and in this case the deal was with Lebron's MOM - not Lebron.  And she can give the car to anybody she wants as well.  Nothing shady about this - just somebody willing to take a risk for a big potential reward.

It's simply a matter of somebody willing to take a risk on your ability to pay back a loan in he future.  Candidly - somebody in medical school could probably swing this too IF they wanted to buy an expensive car badly enough.

nowayman

May 13th, 2014 at 2:14 PM ^

[The NCAA does not allow you to ] give gifts [to college athletes] with the expectation of repayment when the kid goes pro.  

 

(edit: which wouldn't affect the "legality" of the James scenario, obviously.  I'm referring to a college setting). 

(edit#2: I didn't even know there was an OHSAA, so forgive my ignorance.  I'm not going to pretend to be up on those rules.  If I edit this thing any further it's going to shamble to life and start feasting on brains).

Wolvie3758

May 13th, 2014 at 5:16 PM ^

how many Star athletes that sign with the SEC or Ohio St get a new car after they sign???40,000 car for a High School kid?....We ALLLLLLLL know how this works and the NCAA turns and looks the other way...SEC  South East Cheaters

Blazefire

May 13th, 2014 at 9:31 PM ^

If I'd have gotten a free ride, I'd have gotten the savings in cash or a nice gift like that. Is it legit? Maybe not, but it could be.