Ah. That seems easy. FMV of NIL deals will be whatever it needs to be. And we probably will not play the game.
We can probably set an alarm for like 4 months from now for âCollective sues to challenge clearinghouse rejection of NIL dealâ
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Might as well pre-write the lawsuit.
My prediction is that it will pretty quickly become known what a âacceptableâ price level for these outside NIL deals is, and they will all cluster around that. Then there will be the question of can one entity do multiple of those deals at the same level vs. how many car dealers in town do you have to do individual deals at that level.
I also have questions about how long the approval process will take. Does the athlete get the money in the meantime? College football and basketball seasons arenât that long, and I could see these processes stretching past an average season sometimes. What if it is rejected later and theyâve already spent it? I know there are processes for contingent deals and stuff, but a lot of those are for a) larger transactions than these will be presumably and b) you will have a massive quantity of deals administrated by relatively small teams at each school.
So many lawyers are about to get so rich off of this.
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So basically we need to convince all the CEOs who went to UVA (good news, we rank 8th) to put basketball players in ads on twitter and set up bot farms to generate impressions. Boom, clearinghouse circumvented. Youâre welcome.
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I read this as no excuses. Tournament or bust yr 1. Sweet 16 by yr 3
Hopefully that means the Hoos can afford more than VCUs cast offs
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Ha excellent point. How many thousands of players are going to be getting $600+ deals. Itâs going to be a clusterfuck from the jump.
Imagine the poor womenâs lacrosse player who signs a $650 deal with the local boutique waiting for her check while Deloitte cross checks that against the field hockey player from another school who got $625 from the local smoothie bar.
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I donât think thatâll be a problem. Thatâs just all we have to talk about at the moment.
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Patience.
The next 7-10 days, pre-dead-period, will be about UVA (hopefully) retaining young guys like Gertrude and Sharma (and Roberts and Lang), while Odom finalizes his staff and brings along his preferred young pieces from VCU (to include flipped commits). That will become our youth/bench/developmental core, hopefully at a value price, taking up little of the $7-8mm (Iâm hoping that the collective sum of players #6-15 come in around $3mm total).
Then the dead period (4/3-4/10) will be posturing to hit the ground hard to find our starters in late April and May. Itâll likely look bad for another couple weeks before we start hearing announced visits after the Dead Period, and thatâs when we can judge if our competitive NIL budget + Odomâs recruiting prowess will turn into a Year 1 NCAAT-worthy lineup.
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Iâve worked for one of the big management consulting firms in my younger days, a peer to Deloitte. I can tell you right now exactly the kinds of young professionals theyâre going to have doing the grunt work of deal vetting, junior associates in the first 3-5 years out of college. Now, I think Deloitte is probably smart and fills a lot of those jobs with former NCAA athletes. But still, the volume of requests theyâll have to process means theyâre going to have the cheapest young professionals they can get doing the actual grunt work, and those arenât individuals who (yet) have the experience to make actually informed judgment calls.
From the NCAA article, it sounds like Deloitte is building some sort of âsystemâ for tracking and evaluation of 3rd party deals:
Deloitte has made significant progress in designing and testing the technology, incorporating feedback from student-athletes and on-campus personnel, in anticipation of a phased rollout of the system to all Division I student-athletes upon the final approval of the settlement.
I imagine they will try to automate as much of it as they can, but Iâm curious how that will work. Are they gonna require the smoothie bar to submit financial statements? There is much shenanigans potential with this.
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Nah itâs 2025 and the Hoos gave a man a blank check and anointed him the chosen one. I donât have time for patience.
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The whole bragging about how much money you haveâŚis it even the wise move? Everybodyâs doing it. Exaggerating, using false comparisons to make it sound like even more. EhâŚagainâŚeverybodyâs got money. Who can get the players to spend it on, comes back to the same as always.
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But again, isnât it a use it or lose it? The 7-8 must be spent before July ?
I donât know anything about that. Doesnât line up to me. I get the thought I guessâŚbut no I donât think it works like that at all.
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Wxcert above sure reads like it must be used or committed pre rev share July 1
Sources indicate Odom will have between $7-8 million to operate with when he takes over, nearly four times what was available to the previous staff. That doesnât include the revenue sharing directly from the university, which kicks in July 1.
Before then, Walker said players will be signing front-loaded deals, getting their payments before the House settlement, which includes caps on what programs can pay athletes.
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The $$ includes revenue sharing. I get itâŚthereâs some leftover on the front end they can use to their advantage, most likely same for everyone else, but no thereâs not a pile of $7M waiting to be spent with more coming in July. Thatâs all included.
Itâs all pie in the sky anyway, man. Whatever they have 'available", thereâs more if they want it. And good luck getting to what they have available in the first place.
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Not really following the legal/regulatory aspects of everything, but if you really want to spend money on something, youâll find a way.
This is America, right?
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Youâre not supposed to tell anyone what youâre spending; you have to spend it all by a deadline; and you must actually be getting fair value for what you spend.
I swear at the end of all this we better receive Uncle Brewsterâs full inheritance.
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Thatâs going to be the biggest accomplishment of all these ADs bragging about how much cash they have. Prices are about to skyrocket. Yesterdayâs $4M is probably todayâs $8M.
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Yeah a whole lot of telling the guy at the dealership how big your bonus check was this year
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