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NIL 101… I have questions
NookTunnelSyndrome
Member, Swaye's Wigwam Posts: 183
I know Montlake Futures has no ties to the school or at least not legitimate ties. Which leads to my 1st question.
Who decides who gets the donation? Does the coach refer a player?
2nd, does the player enter into a binding contract w/ the collective? or is the donation just a one time benefit w/ no requirements?
3rd and this is just my thought, can the collective even leverage a contract, stating that if the player leaves or doesn’t fulfill the agreement over a period of time say 1-2 years, they have to repay a portion or all of the donation?
I can’t wrap my head around how these collectives know whom to donate to or how to protect themselves from players just grabbing a bag then popping into the portal
Who decides who gets the donation? Does the coach refer a player?
2nd, does the player enter into a binding contract w/ the collective? or is the donation just a one time benefit w/ no requirements?
3rd and this is just my thought, can the collective even leverage a contract, stating that if the player leaves or doesn’t fulfill the agreement over a period of time say 1-2 years, they have to repay a portion or all of the donation?
I can’t wrap my head around how these collectives know whom to donate to or how to protect themselves from players just grabbing a bag then popping into the portal
Comments
https://gohuskies.com/staff-directory/jamaal-walton/5821
Tomato tomatoe.
- One of the advisers, and a guy that met with Fisch on day 1 is the COO of Deloitte. Deloitte is one of the 4 largest accounting firms in the WORLD. He's easily worth multiple hundreds of millions and he played basketball at UW.
- The Executive Director of Montlake futures has been in regular contact with Fisch every day since he started.That seems legit, and the fact that it's been said publicly to a reporter is, I think, a big deal.
- THey talk openly about our NIL packages being top heavy last year to keep Penix, Rome and others. Basically said that NIL is the reason for our title run.
- Talked about how it used to be just big dollar donors, and the older generation being skeptical, but WINNING attracts more donors and they are started to see the funds increase quite a lot. Small dollars, big dollars, young and old. It all matters.
It seems like there has been a shift somewhere, maybe the Board or our commie football president? When NIL first started jen cohen was obsessive about us, "doing it the right way," but then she and KDB constantly complained about the limitations they had. It seems like she had orders from above about how we were going to engage. Now we have Montlake Futures talking openly about NIL packages given to players and starting to offer small dollar subscriptions to fund things?Something changed, and it changed for the better. When you have Arizona, and even Ohio State talking about UW's NIL packages being tough to compete with, I think it's a good sign. Obviously Penix was a superstar, but he is a great example of what could be for a young QB. Penix had Bose, Adidas, Amazon, Alaska Airlines, plus whatever other small deals. That's a freakin' huge list of marketing deals for a college player.
The collectives at the schools I have been involved with work closely with the coaching staffs to coordinate with players. Players who come for their visit will have a meeting set with the collective to discuss NIL.
My players have had binding contracts with the collectives. In the majority of cases, the contract provides for nominal requirements by the player ("be available for one social media post per month at the request of the collective"). Then the player has to tweet out the American Heart Association or something which someone from the collective tells them to.
Many (most) collectives are signing players to one-year deals, renewable if the player stays. The smart schools are paying this out monthly (so it functions like a stipend, or salary), and many are withholding taxes and also providing some tax advice to the player.
This is how it works most places. But NIL is the Wild West with no regulation so it's not the same everywhere. Some schools are way more organized while other schools (cough, Colorado) promise the players a gazillion dollars but won't put anything in writing until after they sign.