I flea'd the below from reddit, no idea of its veracity. If it's true, do we ever sign a highly recruited 4 or 5 star HS QB again?
6 and 7 million ain't no joke. I didn't realize UF had that kind of bank. I am not sure I'd like my money to go to a HS kid at that price. Definitely not a 4 star.
Reddit Post Below
HalleyGator appears to have laid out a reasonable take of what broke down the Rashada deal - A Rundown
Halley is a mid level booster that is active in NIL negotiations. This is what he tweeted about the "$13 million deal"
Imagine this:
UM's NIL signed him at $6 million, then UF's NIL signed him for $7 million to steal him away. Total $13m.
But if UM NIL sued and won $6m in damages... and UF NIL had to pay it while also paying the kid... then UF NIL would be on hook for $13m.
Deal breaker.
So the $13M was not payment to Rashada, it was $7M to Rashada over 4 years and then up to $6M towards any claims Life Wallet made against Rashada for breaking the contract he signed with them (Cali law allows hs players to sign NIL deals).
The UF NIL contract could've called for UF NIL to indemnify and hold harmless Reshada against any damages claim made by UM NIL for breach or tortious interference.
Indemnity and Hold Harmless would be standard in a situation where someone KNOWS they are signing a contract in direct contradiction of another contract.
UF NIL may not have even understood the language or what it obligated them to.
The story GC will tell (my guess here) is that Darren Heitner was aware of a poison pill in Rashada's contract that would allow Ruiz to sue for damages if Rashada reneged and signed elsewhere. He then allowed a clause to be put in the GC contract that would put the GC/GG on the hook to cover those damages and didn't inform them about the issue with Rashada's Life Wallet contract.
Now, given the bad press that would follow, Ruiz probably wouldn't sue the family unless he knew someone else was obligated to pay (GC in this case or another team) but the Rashada's would want that to be covered to protect themselves and the GC/GG would obviously not want to pay double what they were offering. Hence the endless finger pointing and claiming "no one is at fault".
Halley says he "isn't blind guessing" so this may be the closest we get to understanding the situation until/unless Life Wallet starts suing people.
6 and 7 million ain't no joke. I didn't realize UF had that kind of bank. I am not sure I'd like my money to go to a HS kid at that price. Definitely not a 4 star.
Reddit Post Below
HalleyGator appears to have laid out a reasonable take of what broke down the Rashada deal - A Rundown
Halley is a mid level booster that is active in NIL negotiations. This is what he tweeted about the "$13 million deal"
Imagine this:
UM's NIL signed him at $6 million, then UF's NIL signed him for $7 million to steal him away. Total $13m.
But if UM NIL sued and won $6m in damages... and UF NIL had to pay it while also paying the kid... then UF NIL would be on hook for $13m.
Deal breaker.
So the $13M was not payment to Rashada, it was $7M to Rashada over 4 years and then up to $6M towards any claims Life Wallet made against Rashada for breaking the contract he signed with them (Cali law allows hs players to sign NIL deals).
The UF NIL contract could've called for UF NIL to indemnify and hold harmless Reshada against any damages claim made by UM NIL for breach or tortious interference.
Indemnity and Hold Harmless would be standard in a situation where someone KNOWS they are signing a contract in direct contradiction of another contract.
UF NIL may not have even understood the language or what it obligated them to.
The story GC will tell (my guess here) is that Darren Heitner was aware of a poison pill in Rashada's contract that would allow Ruiz to sue for damages if Rashada reneged and signed elsewhere. He then allowed a clause to be put in the GC contract that would put the GC/GG on the hook to cover those damages and didn't inform them about the issue with Rashada's Life Wallet contract.
Now, given the bad press that would follow, Ruiz probably wouldn't sue the family unless he knew someone else was obligated to pay (GC in this case or another team) but the Rashada's would want that to be covered to protect themselves and the GC/GG would obviously not want to pay double what they were offering. Hence the endless finger pointing and claiming "no one is at fault".
Halley says he "isn't blind guessing" so this may be the closest we get to understanding the situation until/unless Life Wallet starts suing people.
