Great Story on the NIL Gold Rush

[The Miami Ute]

Good Lord, the end of days are upon us…

The NIL Market For Players Hasn’t Reset Since First Arrival

Quote from the story:

“Look at the market right now. There are schools offering anywhere between $500,000 and $5 million for a player, depending on the position. This is now a business, and the athletes have figured out how the NIL game works. One quarterback who is currently in the transfer portal is looking for $4.5 million for one year, but this is the market we negotiate in now.”

[Utah]

My question is this: Why aren’t the distributors of these NIL deals requiring players to sign contracts?

If a player wants 1 mill per year, why not sign them to a three year, 3 million dollar deal, and you get 2.5 of it after you complete your third year?

It’s out of control, and the players will end up being screwed in the long run, why aren’t the people with money being smarter with their money and getting as much control over the players as they can?

[EagleMountainUte]

Seems like a business plan that should have a lot of fraud. I haven’t really heard of any yet.

[The Miami Ute]

Good question, because that’s exactly what I’d be doing. To me, it looks like the system is in its infancy and things are happening that don’t make a lot of sense. There’s a kind of “every man for himself” mentality that’s endemic right now where university collectives are just throwing money at players due to the fear of missing out. It kind of reminds me of the dot.com boom in the late 90s where anyone with a project idea would get millions from investors. The adults in the room (Congress?) need to get together and codify/put some guardrails on the system, otherwise college football could lose its mystique.

[Utah]

I think you nailed it on the head. I wouldn’t be surprised if a lot of these people running the collectives aren’t the historical “sandwich full of $100’s” guys. They are fans who have never seen/controlled/used this type of money. And because of that, they are just throwing it around.

But then again, the more people I meet with money, the more I realize that being born with money or being extremely lucky is the most important part of the “how do I get a lot of money” equation.

[Jim Vanderhoof]

I agree Miami. It’s simple supply and demand. It’s proven QBs can make the biggest difference (Nix-Penix-williams etc). Big demand low supply$$. Same with proven ( starters with big numbers)RB WR TE DE high demand low supply$$.

Big pool of average players (starters with average numbers) Matthew’s and many more. They can help fill a need for little$$

Largest pool of non starters or potential starters. Most lie in this category. No $$. Develop your young players and help them out.

The market will correct itself once the collective figures out how to spend wisely. It’s an arms race right now for no good reason. The top teams will develop within and fill in the gaps.

[Jim Vanderhoof]

I remember when a GM was asked what he thought of Pete Rose making a million dollars. He said he’s under paid. People come to watch him play. It’s the second baseman hitting .230 making 300,000 that is over paid no wants to see him play.

Reminds me of NIL !!

[Author]

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