Former players sueing for lost NIL

[onewoof]

Reggie Bush is first. Others will follow. Can you imagine the list of players around the country that will follow suit. Bankruptcy awaits.

Reggie Bush sues USC, Pac-12 and NCAA to seek NIL compensation from football career 2 decades ago

LOS ANGELES (AP) — Former Southern California football star Reggie Bush has filed a lawsuit against his school, the NCAA and the Pac-12 in a bid to recoup money made on his name, image and likeness during his career with the Trojans two decades ago. In a brief news release from Bush's attorneys...

thescore.com

 

[bulldoghair]

These former players better not mess up next years college football video game release. They’re not getting any money. NIL wasn’t legal then. They tried this already. The O’bannon brothers didn’t get any money. Rather their case opened the door to the NIL ect going forward now. So I guess we can blame the O’bannon brothers for ultimately destroying Mississippi State football.

 

[dawgman42]

Ah, college reparations now . . .

All we need now is to start having athletes sue college teams for CTE. (And if you the Google hard enough, you'll see the class action lawsuits already trolling for participants.)

 

[FlotownDawg]

Several former Michigan players, including Braylon Edwards and Denard Robinson, also are suing for the same thing. If they win their lawsuits, I can’t even imagine what the impact would be.

 

[Seinfeld]

Sucks for them, but we all missed out on something due to being kids back then instead of now. Like having hot teachers

 

[00Dawg]

Extremely promiscuous, insecure hot teachers with not enough alpha males to go around, apparently.

Meanwhile, if we had NIL 20 years ago, obviously it would've been for far less money, and more hands dipping into that pool would've stunted the growth of the game.
I can't imagine it would've just been lower coach/staff salaries...I'm guessing smaller stadiums, less amenities for players, etc.

 

[Maroon13]

Also, the judge in the house v ncaa settlement case, pretty much told the ncaa their portion of the settlement was NOT good enough.

Thursday we will see the ncaa response. Will the ncaa remove the restrictions on collectives? Or will the ncaa hold their ground and go to trial?

the ncaa offered $3billion in back pay for lost nil and $21 million per school, going forward to current and future athletes for 10 years.

If the ncaa goes to trial and loses, some estimate they (actually the schools) could face damages of $20 billion on this case alone.

 

[dorndawg]

nm

 

[dorndawg]

Guys you are thinking about this all wrong. Really good players will demand the most from NIL reparations so we'll owe, what, a few hundred dollars? Meanwhile other SEC schools will be out 10s of millions.

We could come out smelling like a rose!

 

[PooPopsBaldHead]

Reggie is just unburdening what has been. Now imagine what can be if former players win lawsuits for NIL back pay.

SEC football will become a club sport.

 

[DawgInThe256]

The complete collapse of college football...

 

[HumpDawgy]

What's he upset about, he got some of that Kim K booty.

 

[Colonel Kang]

This is just a natural progression of things until a judge says no.

I'm curious what prevents NFL players from suing to get reperations based on the salary caps being far larger now than they were in 1982?

 

[Maroon13]

I'm suing my employer. They made Billions in rev last year..... that's just not fair for me to earn a middle class income.*

 

[Chesusdog]

Didn't Reggie get paid already? Nearly as much as Shaq, I imagine.

 

[onewoof]

This is just a natural progression of things until a judge says no.

I'm curious what prevents NFL players from suing to get reperations based on the salary caps being far larger now than they were in 1982?

Problem is this. There are no official financial contracts in place. Yes some schools have private contracts in place. But for the rest, it's basically it's whatever seems fair value in a dispute settlement.

 

[karlchilders.sixpack]

NCAA being a no profit organization...where would the money come from?

 

[L4Dawg]

The ultimate result of this once it started was always going to be the total destruction of college athletics

 

[11thEagleFan]

Schools should countersue for reimbursement of all tuition/room/board costs from players who did not graduate.

 

[onewoof]

NCAA being a no profit organization...where would the money come from?

Most likley future payouts from the March Madness deal with CBS. $900M per year, tickets to tournaments (NCAA basketball mostly) and sponsorships, just over $1B per year distributed as shown below:

Where Does the Money Go?

Where Does the Money Go?

www.ncaa.org

NCAA 2022-2023 Financial Detailed Statement here:

https://ncaaorg.s3.amazonaws.com/ncaa/finance/2022-2023NCAAFIN_FinancialStatement.pdf

Note that a mere $42M goes to the NCAA staff and "general expenses". Here is how much the top NCAA employess pocketed in 2021 https://paddockpost.com/2023/08/27/executive-compensation-at-the-ncaa-2021/

 

[PBRME]

Reggie Bush is first. Others will follow. Can you imagine the list of players around the country that will follow suit. Bankruptcy awaits.

Reggie Bush sues USC, Pac-12 and NCAA to seek NIL compensation from football career 2 decades ago

LOS ANGELES (AP) — Former Southern California football star Reggie Bush has filed a lawsuit against his school, the NCAA and the Pac-12 in a bid to recoup money made on his name, image and likeness during his career with the Trojans two decades ago. In a brief news release from Bush's attorneys...

thescore.com

Maybe they’ll burn it down before OM wins it all this year.

 

[onewoof]

Sankey makes a smooth $3.7M

Check out the SEC tax filings by year

Southeastern Conference - Nonprofit Explorer - ProPublica

Since 2013, the IRS has released data culled from millions of nonprofit tax filings. Use this database to find organizations and see details like their executive compensation, revenue and expenses, as well as download tax filings going back as far as 2001.

projects.propublica.org