I take it by now most of you are aware that Mark Emmert, President of the NCAA, has stepped down. If you haven't seen the USC scandal yet, USC has been accused of already having a NIL agreement in place with a University of Pittsburgh receiver Jordan Addison when he hasn't even yet entered the portal. This is the wild west we're in. At this point you have schools and programs breaking the law yet there aren't any cops around to enforce regulations. How did some body of regulation that's supposed to preside over collegiate athletics not see this coming? This is no different than a group hopping on a train, holding the people on said train for all they have, taking it, and claiming it is now theirs.
What's worse off is you have schools like Miami with very vocal and rich individuals at the forefront of their NIL deals offering them to players. Then someone like Nijel Pack receiving $800,000/year on a NIL deal, and a guy like Isaiah Wong getting upset that he's not similarly compensated after leading his team to an Elite Eight appearance. Do you know how problems like that are solved in the real world? Contracts. Do you know what contracts do? Turn this into a professional sport.
What I don't get is the high school guys being paid what they're being paid. Texas A&M as one example spent over $30 million on this past football class in NIL deals. Meanwhile, the recruiting services and analysts that create and distribute those rankings aren't making six figures in some cases. I imagine a lot of rankings tampering and unethical rankings are soon to come in future years to secure certain players NIL deals, and a cut is given to those that rank them high enough to do so. What's stopping it? I can't imagine that those that give these guys the national recognition that land them these deals will sit by and take pennies on the dollar when it can clearly be exploited.
What a world that collegiate sports has turned into. I just started thinking about this today and wanted to see what you all thought about what's currently happening in this space.
What's worse off is you have schools like Miami with very vocal and rich individuals at the forefront of their NIL deals offering them to players. Then someone like Nijel Pack receiving $800,000/year on a NIL deal, and a guy like Isaiah Wong getting upset that he's not similarly compensated after leading his team to an Elite Eight appearance. Do you know how problems like that are solved in the real world? Contracts. Do you know what contracts do? Turn this into a professional sport.
What I don't get is the high school guys being paid what they're being paid. Texas A&M as one example spent over $30 million on this past football class in NIL deals. Meanwhile, the recruiting services and analysts that create and distribute those rankings aren't making six figures in some cases. I imagine a lot of rankings tampering and unethical rankings are soon to come in future years to secure certain players NIL deals, and a cut is given to those that rank them high enough to do so. What's stopping it? I can't imagine that those that give these guys the national recognition that land them these deals will sit by and take pennies on the dollar when it can clearly be exploited.
What a world that collegiate sports has turned into. I just started thinking about this today and wanted to see what you all thought about what's currently happening in this space.
