To what extent are the identities of the agents/facilitators known doing these NIL deals on behalf of players? I'm inquiring about either local or national individuals who are serving in that capacity.
Agents representing players in NIL deals
- Thread starter Georgia Peach
- Start date
I asked myself a similar question while cleaning today. The amount of NIL money a certain player gets, would that data be accessible to Joe Blow off the street, or is it generally a secret, like my own salary was while I was working?
U Maryland is legally obligated to publish the salaries of their administrators and professors. Just something I remembered.
There is no where you are going to find:
The comprehensive and accurate amount of $ some kid gets
or
Any legit apples-to-apples comparisons from one program to another.
Stuff like "The QB recruit signed by Michigan got $10 Million", or "School X's players got more or less than School Y's players" is all click bait hokum.
The comprehensive and accurate amount of $ some kid gets
or
Any legit apples-to-apples comparisons from one program to another.
Stuff like "The QB recruit signed by Michigan got $10 Million", or "School X's players got more or less than School Y's players" is all click bait hokum.
No doubt about the secrecy of the contracts and payments. I'm looking for the identity of those involved beyond the student athletes. Who is representing and advising these players, and their families, as agents. Are there now administrative positions within the Schools where the activity is being monitored, facilitated, or if need be, quashed? I'm interested in who the participants are in the whole process.
Does the NCAA require the agents to register? Do the conferences?
It is "voluntary", as per the NCAA.
So, no, they don't.
Official NIL Resource Site | NCAA NIL Assist
Those few rules that have supposedly existed - can't be used as recruiting inducements, can't have deals w "vice businesses" (alcohol, gambling, etc) have been ignored anyway. TTBOMK, with no repercussions.... who's gonna' do anything?
No worries my man. Yours raised important points as well. The whole process cries out for imbedded journalism.
I don't think schools are directly involved in the flow of funds at this point. It is likely coming as the next step and at that point the players are employees of somebody.
presently, the contracts (assuming they exist) are between an independent company and the player for NIL usage. So Wendy's had a contract with Caleb to appear in their ads. Quin Ewers has a deal with Ford dealership in Austin. He also has a Dr Pepper deal. These are NIL. The companies that are taking in fan contributions (aka "collectives") are setup more as a "pay for play" technically a violation of NCAA rules, but nobody fighting that right now. If a player is using a sports management company as the agent, then they are probably getting full advice legally, financially and tax planning. If the agent is uncle Ned, then maybe not so much advice. Most of the schools are not providing staff to advise players. My brother says that OSU has setup a legal and tax advisory for players. These are adult decisions and need review. Some of the collective companies are committing $$$$ they may not actually have, so their contracts probably have circuit breakers so much of the $$$ may not be guaranteed. These companies also probably have terms that ensure the players are not their employees and they are not paying employer tax. They would have to get W9 from players as they would report the payments to the IRS and send players 1099 of some kind. The legal teams at the schools would be doing everything possible to prevent any connection with these deals and the schools.
all of these deals/contracts are secret and since the players are not employees, their comp is not part of public records in situation where the school is a public entity.
Not "NIL" as was originally presented, per se - but essentially similar to what NIL has become:
Next year revenue sharing kicks in.
How each school will allocate that chunk of money is, TTBOMK, not yet defined..... but it is a huge chunk of change (starting at $20 M +, and escalating rather quickly from there).
Schools don't HAVE TO engage in revenue sharing (or can do so at a lower amount), but those who don't will be, obviously, at a ginormous disadvantage competitively, and essentially self-relegating vav FBS football.
For many schools, just about anyone without an SEC or B10 logo on their jerseys (and maybe even of few of the lesser SEC and B10 programs), that full revenue sharing will be a crippling and unsustainable amount.
Some schools may put the whole $20 M+ towards paying football players - which would kill the competitiveness of all other programs (assuming that at least a few top programs in other sports will provide funding for them).
Take the huge changes in the landscape over the last 5 years - put it on steroids - multiply by a factor of 10 - and that may be the level of change we see over the next decade.
Next year revenue sharing kicks in.
How each school will allocate that chunk of money is, TTBOMK, not yet defined..... but it is a huge chunk of change (starting at $20 M +, and escalating rather quickly from there).
Schools don't HAVE TO engage in revenue sharing (or can do so at a lower amount), but those who don't will be, obviously, at a ginormous disadvantage competitively, and essentially self-relegating vav FBS football.
For many schools, just about anyone without an SEC or B10 logo on their jerseys (and maybe even of few of the lesser SEC and B10 programs), that full revenue sharing will be a crippling and unsustainable amount.
Some schools may put the whole $20 M+ towards paying football players - which would kill the competitiveness of all other programs (assuming that at least a few top programs in other sports will provide funding for them).
Take the huge changes in the landscape over the last 5 years - put it on steroids - multiply by a factor of 10 - and that may be the level of change we see over the next decade.
Friend has a client who son plays at Clemson, he’s currently injuried. Debated if he should come back or go NFL. BUT if he comes back his share of the revenue sharing is $200k. That does not include NIL money. To me it’s a mo brainer
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