Speaking of NIL deals, we saw Olu driving yesterday at the intersection by Beaver Stadium. Those Inch cars stand out and I can't imagine the players love that. Comes with the territory I guess.
Florida recruit wants out of his LOI based on failed NIL deal?
- Thread starter blion72
- Start date
Four Penn State Football Players Sign NIL Deal with Inch & Co.
Four Penn State football players, Abdul Carter, Drew Allar, Kalen King, and Olu Fashanu all signed NIL (Name Image Likeness) agreements with Inch & Co., a Pennsylvania-based asset-driven company.
inchandco.com
Did you not know the rules, or were you actively trying to entice the coach into a recruiting violation?
Well it’s the dream school of 60% of 9th grade boys with a hankie in their hand …
This is my shocked face
The predatory nature of some of these clowns in these kids “camps” borderline nauseates me. Say what you will about the NIL game and these players, the bottom line is broadly speaking, these kids have no idea what they’re doing in terms of these enormous $$ deals they’re making so they have to rely on the adults in the room, and when those adults are doing this kind of stuff….. it’s exploitation at its finest. I know this isn’t new, but it’s so much more magnified now with NIL
Are these amounts for real? Are they guaranteed? The NFL minimum salary is $705,000. This is bizarre. Its just college football, not the NFL. Who is funding this stuff? It does not seem to make any sense economically.
I guess if they were "real and guaranteed" the kid wouldn't have transferred out of Florida.
I don't get why there isn't any lawsuit from the player; he signed the contract in good faith - can one party cancel a contract before payment in Florida? A quick check says a contract need an offer, acceptance, and terms and conditions. Seems like all of those were in place here (unless the offering party never signed?).....
Are these "NIL contracts" really enforceable contracts at all?
Rashada has fewer than 15,000 Twitter followers. He's never played a down of college football. He's not a starter on a college team. Not any fault of his, just the current facts.
Yet, someone claimed they wanted to pay him the following NIL $ for the following work:
$500,000 up front payment
$3 million as a freshman
$3.5 million as a sophomore
$4.5 million as a junior
$2.35 million as a senior
TOTAL: $13.8 million
His obligations are to:
Live in Gainesville
Make 1 branded Tweet per month and 1 branded Instagram post per month
Do 8 fan events per year
Sign 15 autographs per year
By way of comparison, Micah Parsons signed a 4 year, $17 million contract with the Cowboys. He has endorsement deals but I couldn't find money details.
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Capitalism rules, we all know this and know that we have no choice in this matter. Still, the current state of affairs is dismaying and more than a few people I respect are saying this is going to ruin college football.
Even if the numbers we’re seeing are exaggerated, they’re now out there for everyone to see and try to beat. $$$ rules all in America, everything. Everyone gets whatever he can, them’s the rules.
Even if the numbers we’re seeing are exaggerated, they’re now out there for everyone to see and try to beat. $$$ rules all in America, everything. Everyone gets whatever he can, them’s the rules.
Article says that the contract can be terminated by the collective at any time for no reason. However, the collective missed its first payment of $500k before the contract was terminated. Presumably Rashada could sue for that, but what's the point of suing an entity that has no money.
From what little I know of these collectives, many (if not most, if not all) are run by wannabees who will wind up as neverwuzzes.
Thanks! All this NIL 'collective 'stuff is just so, so, so dumb. Let schools pay directly already.
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