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Five-star recruit in Class of 2023 signs agreement that could pay him more than $8 million
DerekJohnson
Administrator, Swaye's Wigwam Posts: 69,766 
Stewart Mandel Mar 11, 2022 222
On Friday, a five-star recruit in the Class of 2023 signed an agreement with a school’s NIL collective that could pay him more than $8 million by the end of his junior year of college, The Athletic has learned. He’ll be paid $350,000 almost immediately, followed by monthly payouts escalating to more than $2 million per year once he begins his college career, in exchange for making public appearances and taking part in social media promotions and other NIL activities “on behalf of (the collective) or a third party.”
While there’s no centralized database to reference other contracts, two NIL experts believe it’s the largest individual NIL deal signed by a non-professional athlete.
Blake Lawrence, the founder of the NIL marketing platform Opendorse, said a deal that high seems like an outlier but added, “Whatever casual sports fans or coaches think student-athletes are earning from collectives, they’re (undershooting) by 10X. While $2 million (a year) is wild, $200,000 isn’t, but most people are thinking they’re getting $20,000.”
Lawyer Mike Caspino, who drafted the contract, allowed The Athletic to review and verify the contract in exchange for keeping the player and collectives’ identities anonymous. It provides a window into how donor-driven third parties tied to specific schools operate.
To read the rest:
https://theathletic.com/3178558/2022/03/11/five-star-recruit-in-class-of-2023-signs-agreement-with-collective-that-could-pay-him-more-than-8-million/
On Friday, a five-star recruit in the Class of 2023 signed an agreement with a school’s NIL collective that could pay him more than $8 million by the end of his junior year of college, The Athletic has learned. He’ll be paid $350,000 almost immediately, followed by monthly payouts escalating to more than $2 million per year once he begins his college career, in exchange for making public appearances and taking part in social media promotions and other NIL activities “on behalf of (the collective) or a third party.”
While there’s no centralized database to reference other contracts, two NIL experts believe it’s the largest individual NIL deal signed by a non-professional athlete.
Blake Lawrence, the founder of the NIL marketing platform Opendorse, said a deal that high seems like an outlier but added, “Whatever casual sports fans or coaches think student-athletes are earning from collectives, they’re (undershooting) by 10X. While $2 million (a year) is wild, $200,000 isn’t, but most people are thinking they’re getting $20,000.”
Lawyer Mike Caspino, who drafted the contract, allowed The Athletic to review and verify the contract in exchange for keeping the player and collectives’ identities anonymous. It provides a window into how donor-driven third parties tied to specific schools operate.
To read the rest:
https://theathletic.com/3178558/2022/03/11/five-star-recruit-in-class-of-2023-signs-agreement-with-collective-that-could-pay-him-more-than-8-million/
Comments
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Will be fun to see this kid ride the bench and then portal out after 2 years
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This and almost any NIL deal seems like the worst investment ever.
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$1 million for Spencer Rattler only for him to get benched and portalWoolleyDoog said:This and almost any NIL deal seems like the worst investment ever.
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I saw billboard ads in Georgia that featured football players. It just means more.
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There’s at least one company in Lexington with billboards featuring UK football and basketball players. #myWildcatsBleachedAnusDawg said:I saw billboard ads in Georgia that featured football players. It just means more.
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I have to assume there's something built into these NIL deals that are inflating the public numbers. They just seem insane given what your likely return is even if things work out fairly well.
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This is for Nico Iamaleava to go to Tennessee instead of Oregon.
It’s sickening. I think this is the best arm talent this side of Herbert, and we(?) have been outbid. Just makes me sick. -
Jerry Seinfeld that's a shame gifRatherBeBrewing said:This is for Nico Iamaleava to go to Tennessee instead of Oregon.
It’s sickening. I think this is the best arm talent this side of Herbert, and we(?) have been outbid. Just makes me sick. -
Someone needs to start an independent NIL firm that colleges can hire. I think that's UW's only hope. Not that they would pay out at the higher levels but at least someone would know what they're doing. We're so fucked with Montlake futures. lol
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Will be hilarious if he sucks
