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Re: NIL and Lacrosse
Posted: Sun Mar 24, 2024 2:21 pm
by PizzaSnake
Farfromgeneva wrote: ↑Sun Mar 24, 2024 10:53 am
Red4Life wrote: ↑Sat Mar 23, 2024 3:12 pm
Stating the obvious - NIL has forever changed the fabric of college athletics - followed closely by Transfer portal and the seemingly endless college eligibility brought on by COVID.
That being said - many top football and hoops men’s players have been paid “quietly” below the radar for decades. It’s just now acceptable at most all schools. The ripple impact of this will be felt for quite some time - kids are hoping from program to program like tech software sales guys - seeking the best financial offer - but overlooking or certainly minimizing the educational opportunities that accompany a 1. degree and 2. From a well known established college / university.
As for the “Dartmouth men’s hoops” unionization efforts . I’d urge the school leadership to simply disband the program rather than empower and enable this step. Dartmouth hoops likely costs the school a million - 1.5 million to operate. Chances are several on the squad had little chance of gaining admission to Dartmouth without their hoops skills - and most if not all were not exactly on the radars of any major D 1 program recruit lists. Not sure the exact records but Dartmouth hoops hasn't exactly been lighting up the W column !
As for established ACC / SEC etc donors - schools are now urging donors to dig deep to fund NIL collectives to pay kids ….who can in turn leave at the end of the year is portal to the next school.
At many schools (Ivys) Non Revenue sports teams have individual team fund raising goals to help support the ongoing operations of the teams - adding specialized equipment or improved meals / travel / etc.
NIL funds all come from outside donors - nothing short of amazing that people will dedicate their charitable giving to fund the bank accounts of 19-23 year olds who may or may not pan out athletically or even stay at the schools.
To quote Alec Guinness at end of Brodge on the River Kwai “Madness - madness!”
Sermon over - back to the Big Red - Yale game in conditions best suited for the Ididerode
Ever heard the name Bobby Lowder?
https://money.cnn.com/2009/10/09/news/c ... er.fortune[/b]/index.htm
Your case would’ve been stronger if you had tied the analogy to the benefit of time and seasoning with a unit rather than tying it back to name prestige of a degree. Also to work with and through things not “flight” and create ones in reality which social media has accomplished just fine on it own. Work through something, can’t know one’s reliance level w/o stressors.
Pretty common phenomenon in Southern "sports." He sounds like a person Tom Wolfe might have modelled "Charlie" Croker on...
Given "A Man in Full" was published in 1998, this sort of outcome wasn't hard to predict.
https://en.wikipedia.org/wiki/A_Man_in_Full
Re: NIL and Lacrosse
Posted: Sun Mar 24, 2024 4:12 pm
by Farfromgeneva
Red4Life wrote: ↑Sun Mar 24, 2024 1:49 pm
Farfromgeneva wrote: ↑Sun Mar 24, 2024 10:53 am
Red4Life wrote: ↑Sat Mar 23, 2024 3:12 pm
Stating the obvious - NIL has forever changed the fabric of college athletics - followed closely by Transfer portal and the seemingly endless college eligibility brought on by COVID.
That being said - many top football and hoops men’s players have been paid “quietly” below the radar for decades. It’s just now acceptable at most all schools. The ripple impact of this will be felt for quite some time - kids are hoping from program to program like tech software sales guys - seeking the best financial offer - but overlooking or certainly minimizing the educational opportunities that accompany a 1. degree and 2. From a well known established college / university.
As for the “Dartmouth men’s hoops” unionization efforts . I’d urge the school leadership to simply disband the program rather than empower and enable this step. Dartmouth hoops likely costs the school a million - 1.5 million to operate. Chances are several on the squad had little chance of gaining admission to Dartmouth without their hoops skills - and most if not all were not exactly on the radars of any major D 1 program recruit lists. Not sure the exact records but Dartmouth hoops hasn't exactly been lighting up the W column !
As for established ACC / SEC etc donors - schools are now urging donors to dig deep to fund NIL collectives to pay kids ….who can in turn leave at the end of the year is portal to the next school.
At many schools (Ivys) Non Revenue sports teams have individual team fund raising goals to help support the ongoing operations of the teams - adding specialized equipment or improved meals / travel / etc.
NIL funds all come from outside donors - nothing short of amazing that people will dedicate their charitable giving to fund the bank accounts of 19-23 year olds who may or may not pan out athletically or even stay at the schools.
To quote Alec Guinness at end of Brodge on the River Kwai “Madness - madness!”
Sermon over - back to the Big Red - Yale game in conditions best suited for the Ididerode
Ever heard the name Bobby Lowder?
https://money.cnn.com/2009/10/09/news/c ... /index.htm
Your case would’ve been stronger if you had tied the analogy to the benefit of time and seasoning with a unit rather than tying it back to name prestige of a degree. Also to work with and through things not “flight” and create ones in reality which social media has accomplished just fine on it own. Work through something, can’t know one’s reliance level w/o stressors.
Had never heard of Bobby Lowder - until now - great article - thanks for popping that on the page!!!
Yeah they still talk about how if you wanted to know who Auburn was recruiting just watch where the Colonial Bank plane was landing. Until he blew that thing helping lots of mortgage fraud go down in the US (well beyond the extraordinary support to Taylor Bean Whitaker).
Re: NIL and Lacrosse
Posted: Sun Mar 24, 2024 4:20 pm
by Farfromgeneva
PizzaSnake wrote: ↑Sun Mar 24, 2024 2:21 pm
Farfromgeneva wrote: ↑Sun Mar 24, 2024 10:53 am
Red4Life wrote: ↑Sat Mar 23, 2024 3:12 pm
Stating the obvious - NIL has forever changed the fabric of college athletics - followed closely by Transfer portal and the seemingly endless college eligibility brought on by COVID.
That being said - many top football and hoops men’s players have been paid “quietly” below the radar for decades. It’s just now acceptable at most all schools. The ripple impact of this will be felt for quite some time - kids are hoping from program to program like tech software sales guys - seeking the best financial offer - but overlooking or certainly minimizing the educational opportunities that accompany a 1. degree and 2. From a well known established college / university.
As for the “Dartmouth men’s hoops” unionization efforts . I’d urge the school leadership to simply disband the program rather than empower and enable this step. Dartmouth hoops likely costs the school a million - 1.5 million to operate. Chances are several on the squad had little chance of gaining admission to Dartmouth without their hoops skills - and most if not all were not exactly on the radars of any major D 1 program recruit lists. Not sure the exact records but Dartmouth hoops hasn't exactly been lighting up the W column !
As for established ACC / SEC etc donors - schools are now urging donors to dig deep to fund NIL collectives to pay kids ….who can in turn leave at the end of the year is portal to the next school.
At many schools (Ivys) Non Revenue sports teams have individual team fund raising goals to help support the ongoing operations of the teams - adding specialized equipment or improved meals / travel / etc.
NIL funds all come from outside donors - nothing short of amazing that people will dedicate their charitable giving to fund the bank accounts of 19-23 year olds who may or may not pan out athletically or even stay at the schools.
To quote Alec Guinness at end of Brodge on the River Kwai “Madness - madness!”
Sermon over - back to the Big Red - Yale game in conditions best suited for the Ididerode
Ever heard the name Bobby Lowder?
https://money.cnn.com/2009/10/09/news/c ... er.fortune[/b]/index.htm
Your case would’ve been stronger if you had tied the analogy to the benefit of time and seasoning with a unit rather than tying it back to name prestige of a degree. Also to work with and through things not “flight” and create ones in reality which social media has accomplished just fine on it own. Work through something, can’t know one’s reliance level w/o stressors.
Pretty common phenomenon in Southern "sports." He sounds like a person Tom Wolfe might have modelled "Charlie" Croker on...
Given "A Man in Full" was published in 1998, this sort of outcome wasn't hard to predict.
https://en.wikipedia.org/wiki/A_Man_in_Full
I came South post crisis and to me the closest thing to Charlie Crocker I’ve seen is this former Ga Tech QB named John Dewberry. Met a few interesting old school cats early in this social club, The Diplomats, all went to Westminster, Pace or a few other schools and either do each others CRE or consumer debt deals (see as example the Hanna family, compucredit/atlanticus as the extreme example).
https://www.forbes.com/sites/carolinete ... a8dd75134d
https://www.bisnow.com/atlanta/news/con ... eal-113122
I did once party in a mansion which was at the time the most expensive home in Atlanta in foreclosure from a whack CRE owner who just rode appreciation up and levered to buy more but never generated cash flow-he was the boyfriend of a woman on real housewives of Atlanta and known as Big Poppa (but not Scott Steiner).
But a a lot of folks with a little familial liquidity has created a lot of self congratulatory behavior for doing little more than riding a demographic wave. Confirmation bias in folks means that if more southern big Us ever got lacrosse the small and northern schools can just forget final fours. They will figure out how to fund it.
Re: NIL and Lacrosse
Posted: Mon Mar 25, 2024 11:31 am
by SMAIN
Maybe these players who get paid should pay for their coaching, after all they're being taught how to play better.
Re: NIL and Lacrosse
Posted: Sun Mar 31, 2024 4:06 pm
by 44WeWantMore
-Regarding NIL -- Pete said that he believes that schools will very soon be managing NIL programs 'in-house' rather than through programs/boosters. ND is already preparing a team to manage NIL directly so that there is a smooth transition and no unnecessary lag or prep time for when that happens.
https://www.reddit.com/r/notredamefootb ... ith_irish/
I don't see how it is possible to take NIL in-house unless there is a re-interpretation of Title IX.
Somebody on this thread confirmed that some FBall (and presumably MBB) players are making 7 figures on NIL.
Re: NIL and Lacrosse
Posted: Mon Apr 01, 2024 7:27 am
by Farfromgeneva
SMAIN wrote: ↑Mon Mar 25, 2024 11:31 am
Maybe these players who get paid should pay for their coaching, after all they're being taught how to play better.
What? Do you pay your bosses salary? If you’re retire we’re all paying for you now if you’re collecting SS.
There’s producers and administrators. Coaches are really the latter.
Re: NIL and Lacrosse
Posted: Mon Apr 01, 2024 7:30 am
by Farfromgeneva
44WeWantMore wrote: ↑Sun Mar 31, 2024 4:06 pm
-Regarding NIL -- Pete said that he believes that schools will very soon be managing NIL programs 'in-house' rather than through programs/boosters. ND is already preparing a team to manage NIL directly so that there is a smooth transition and no unnecessary lag or prep time for when that happens.
https://www.reddit.com/r/notredamefootb ... ith_irish/
I don't see how it is possible to take NIL in-house unless there is a re-interpretation of Title IX.
Somebody on this thread confirmed that some FBall (and presumably MBB) players are making 7 figures on NIL.
Right but What’s the difference if you can create a locked in synthetic structure? The school doesn’t control. They never did it was an illusion they created for themselves with the SRO NCAA. If they controlled anything we wouldn’t be here. They are effete and generally dilutive to the value of the institution but a necessary cost center that you hope doesn’t destroy everything.
Of control matters colleges need to get out of money and sports. Trying to do both for that cohort of pathetic weak managers is hubris and idiocy.
Re: NIL and Lacrosse
Posted: Mon Apr 08, 2024 6:00 pm
by AreaLax
David Fabrenthold twitter
https://x.com/fahrenthold/status/177735 ... EO2hFStaxg
Many of the "NIL collectives" that are transforming college sports -- letting fans recruit players with cash -- are tax-exempt, IRS-approved nonprofits.
But the IRS has reversed course on them. Here's a letter denying a new collective tax-exempt status.
https://www.taxnotes.com/research/feder ... atus/7jdjp
Re: NIL and Lacrosse
Posted: Mon Apr 08, 2024 8:36 pm
by Brownlax
I work in the NIL space and I am going to disagree. Yes, some of the collectives are non-profit/tax exempt. The ones who are set up the "right" way as tax-exempt, work directly with charities and that is how the kids get paid- they have to actually do something for charity in order to get paid NIL money.
The other major collectives at the top schools with whom we work with are NOT tax-exempt.
Re: NIL and Lacrosse
Posted: Fri Apr 12, 2024 2:32 pm
by DeepPocket
OnitAthlete.com does NIL college sports cards. Ohio state lacrosse just released theirs.
https://x.com/ohiostatemlax/status/1778 ... 57652?s=46