NIL will it be good or the death of College ball

[muskieman]

@LifeWallet is proud to announce @NijelPack24
has officially committed to UM as a basketball player. The biggest LifeWallet deal to date, two years $800,000.00 total at $400,000.00 per year plus a car. I am sure the car was the dealmaker
LifeWallet is a Miami business that is said to offer help to its customers "take control of your health through innovative technology."
https://www.msn.com/en-us/sports/ncaabk ... uxbndlbing

Some say the money will keep players from leaving but will the well-heeled alum be in a bidding war. T-shirts and gym wear sales will not do it.

[yellow20xd]

Death... Dan

[Jesseandrippers]

They needed to let these kids earn the money but it should be kept in escrow until they stop playing college ball. The NCAA took a hard line for too long and lost an opportunity for compromise. For basketball, the real pressure came from the non-collegiate leagues that were getting a lot of attention from high school and AAU players and were at risk of being an inferior product.

It is a complete mess right now and kids are making poor decisions based on the prospects of short term gains. I don't blame them for it either.

[muskieman]

They needed to let these kids earn the money but it should be kept in escrow until they stop playing college ball. The NCAA took a hard line for too long and lost an opportunity for compromise. For basketball, the real pressure came from the non-collegiate leagues that were getting a lot of attention from high school and AAU players and were at risk of being an inferior product.

It is a complete mess right now and kids are making poor decisions based on the prospects of short term gains. I don't blame them for it either.

Interesting but can an organization limit access to funds coming from commercial sources? I think the NCAA should require a student that has NILs to complete courses on investing and also the school or the NCAA should make available to the students an investment advisor who would guide investments and allow some of the money for students to live on while in college. After all, we heard that these poor students could not make money while others students could have jobs while going to college. Those student-athletes could not even buy pizza or buy little things to make their lives better. We see Pros make big bucks and waste their earnings why wouldn't students do the same if they get big bucks. It is all about education so help them become responsible with this new found source of income.

Of course, I think every year of high school and college some financial investment course should be required. Just as Reading, writing, and arithmetic are important how you manage your money is just as important.

[muskieman]

https://www.si.com/college/2022/04/27/b ... of-control

[XU2011]

I think there are 1-2 seasons of insanity where there "everyday/run of the mill" D1 college player gets stupid $$ out of it.

That will "run it's course" and then primarily the 5 Star/1 and done guys get paid to lure them one place or another, and for the rest it will become a moot point. The small # of guys to whom this is going to be meaningful, are already, and will continue to be, drawn to the relative handful of places they go now (UK, UNC, Kansas, Duke among a very few others).

...that said, who knows?

[JKC74]

The death for sure. Read on to see what is in store for what was once a great sport!!
https://nypost.com/2022/04/29/miami-sta ... -increase/

[pdxmuskie]

Requiring the money to be put aside until leaving school will just prompt players to leave college early.

Providing a financial advisor is not in the schools best interest. Xavier and other quality schools should require their athletes to attend a course aimed at financial education as previously said by others. This is a selling point of the University until all schools offer it.

There is no reason to assume this will be a serious problem for college hoops. It will create complications but it might also keep top talent in college longer given that they can make money while they play and don't need the big NBA salary. That could be a bad thing if it means 4 schools constantly fight for the championship with rosters loaded with 4 year 5 star recruits but I doubt that is how it plays out. 2023 5 star might not want to risk sitting behind the 5 star 2022 player and decide to go to another school.

Potential issue for Private schools given the smaller alumni base. Sponsors could gravitate toward public schools with huge enrollments but will certainly jump on players at any school that grab attention.