FC/OT: Inside Spyre Sports - Tennessee's NIL Collective...some fascinating insight...

Midnighter

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To quote Bob, this is what we're up against. Very candid interview with the folks behind the Vols big NIL collective. I think what is helping drive the more successful 'fan funded' NIL collectives is that you're not just an alum or fan whose donation will go to the school to do with as they wish (upgrade stadium bathrooms, install better chairbacks, etc.); you're taking real 'ownership' of investment knowing the money you contribute is actually helping to recruit players and build a roster. Penn State is at a big disadvantage here IMO becuase a lot of fans are in the 'you will never see one red pfenning from me for XXX reason...' and the fan base is still really divided and/or apathetic (like me for the most part). Read 'em and weep.

"We had a lot of people, through social media, in particular, engaging us about how they could get involved, whether it be a donation to the NIL war chest or provide in-kind opportunities," Baddour said of this. "A car dealership getting involved is a great example or restaurants wanting to provide a free place where student-athletes can eat for free. There was so much interest in being involved from the fan standpoint, we thought we needed to create some membership society, and we chose the 1951 Club to let fans be a part of this movement and pay homage to the past. Arguably the greatest football season in the history of Tennessee, right up there with 1938 and 1998, the 1951 Club is essentially a donor tier system named after famous Tennessee coaches, in the past, Majors, Pat Summit, General Neyland, for example. Depending on the donation, there are things that members will get, whether it's newsletters, signed memorabilia, access to information before it goes public, or access to meet and engage with current student-athletes in multiple sports. It just depends on the commitment level and involvement.

Paywall - but...

“If you would have asked us four to five months ago, we might have said we want to try and raise $3 (million), $4 (million), $5 million annually. Now, the goal is $25 million annually. Or more. And we think that goal is absolutely attainable,” said Hunter Baddour, president and co-founder of Spyre Sports, a Tennessee-centric college sports collective. “We’ll have to work hard, which we will. If this is how the game is played, then game on.”



Vols are currently ranked #17 in the 247 composite for 2023.
 
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WDLion

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To quote Bob, this is what we're up against. Very candid interview with the folks behind the Vols big NIL collective. I think what is helping drive the more successful 'fan funded' NIL collectives is that you're not just an alum or fan whose donation will go to the school to do with as they wish (upgrade stadium bathrooms, install better chairbacks, etc.); you're taking real 'ownership' of investment knowing the money you contribute is actually helping to recruit players and build a roster. Read 'em and weep.

"We had a lot of people, through social media, in particular, engaging us about how they could get involved, whether it be a donation to the NIL war chest or provide in-kind opportunities," Baddour said of this. "A car dealership getting involved is a great example or restaurants wanting to provide a free place where student-athletes can eat for free. There was so much interest in being involved from the fan standpoint, we thought we needed to create some membership society, and we chose the 1951 Club to let fans be a part of this movement and pay homage to the past. Arguably the greatest football season in the history of Tennessee, right up there with 1938 and 1998, the 1951 Club is essentially a donor tier system named after famous Tennessee coaches, in the past, Majors, Pat Summit, General Neyland, for example. Depending on the donation, there are things that members will get, whether it's newsletters, signed memorabilia, access to information before it goes public, or access to meet and engage with current student-athletes in multiple sports. It just depends on the commitment level and involvement.

Paywall - but...

“If you would have asked us four to five months ago, we might have said we want to try and raise $3 (million), $4 (million), $5 million annually. Now, the goal is $25 million annually. Or more. And we think that goal is absolutely attainable,” said Hunter Baddour, president and co-founder of Spyre Sports, a Tennessee-centric college sports collective. “We’ll have to work hard, which we will. If this is how the game is played, then game on.”



Vols are currently ranked #17 in the 247 composite for 2023.
Makes me wonder how much of the money is going to be stuffed into the pockets of the people running the NIL. Probably end up like charities.
 

Midnighter

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Makes me wonder how much of the money is going to be stuffed into the pockets of the people running the NIL. Probably end up like charities.

The Audible (The Athletic's CFB podcast) said Spyre's cut is 10%; rest to the players.
 
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GrimReaper

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Makes me wonder how much of the money is going to be stuffed into the pockets of the people running the NIL. Probably end up like charities.

The Audible (The Athletic's CFB podcast) said Spyre's cut is 10%; rest to the players.

So they say.
If I had to guess, 10% is Spyre's management fee taken off the top, before expenses. If expenses of running the collective are taken out of the $2.5mm (10% of a $25mm collective) that won't leave much for the boys at Spyre.
 
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ODShowtime

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I can barely tolerate PSU football now (within this horrible landscape) when it's free.
 
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