College athlete compensation - NIL etc šŸ’°

Collegiate Sports
2140

The menā€™s revenue sports should get the exact percentage of what they generate.

Thatā€™s the way it works in the real world for pro sports. Thatā€™s why the WNBA contract is so much lower than the NBA. Because they are not generating the same level of revenue.

Thatā€™s what this is now.

Title 9 should not factor into this at all.

Title 9 already resulted in huge benefits to female athletes (and loss of menā€™s teams letā€™s not forget) on the backs of the overall college athletic system that is driven by menā€™s basketball and football.

I hope that those same people that generate all that revenue are not screwed out of their fair share by title 9.

2141

This is irrelevant to the topic.

She chose her situation. We are just supposed to hand out money to people because they are striving??

Sheā€™s getting a hell of a lot of benefits that normal students arenā€™t getting.

Thereā€™s another student there whoā€™s having to finance their entire Vandy education with loans, work study, part time job etc.

This girl gets the big sympathy because sheā€™s an athlete.

This is part of what Iā€™m talking about.

These non revenue athletes are getting way more in benefits than they bring to the school.

They should be quite happy they are getting anything.

Sheā€™s not getting nickeled and dimed. Sheā€™s getting the assistance she signed up for.

If thatā€™s not enough or unacceptable she should seek a better deal somewhere else.

Maybe some sucker will pay her a million like the softball player.

Completely disagree.

Show me proof that Vanderbilt has not met the financial assistance obligations that were agreed upon and then she may have a beef.

Again this is a woe is me moment.

Sheā€™s on partial scholarship at least and gets a great education and got to go to the Olympics.

Give me a break.

And if you want to get political glad too.

Iā€™m liberal as hell, but I also believe in living up to the agreements you signed up for and not bellyaching about it.

Again if itā€™s not acceptable go find something better.

This reminds me of the ridiculous loan forgiveness programs for student loans.

Iā€™m liberal but I HATE HATE HATE that program with every fiber of my being.

If you sign a contract to borrow money you have to pay it back.

Donā€™t come back and blame the person that lent it to you.

Iā€™m paying on student loans and will be doing so for a long time. I knew the score when I signed for them.

Bottom line I just find it impossible to muster up any sympathy for a non revenue sport athlete that is unhappy that the revenue sport athletes are getting more benefits/money/whatever.

Thatā€™s like being an underperforming sales person at a car dealership and saying that the person selling the most cars should share their commission, just because itā€™s not ā€œfairā€.

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2142

Yes, Vanderbilt claims to have met their monetary obligation but as a private school, weā€™re most likely not going to see any actual numbers.

Since Iā€™m not a PR/econ type, Iā€™m not in a position to calculate how much ā€œfreeā€ publicity VU has gotten out of hyping they have an Olympian among their S-A population, as well as another who is an alumna - with the latter actually more recently a graduate of Northwestern and participating in an Olympic sport totally different from her VU days.

I would be interested to know how much VU football actually generates minus SEC money. For a program that has been totally irrelevant in the SEC - last championship came as a SoCon member in the 1920s - wouldnā€™t think much.

Anyway, a moot point now since non-VU individuals stepped up in this instance but as this isnā€™t a new issue in general, wonā€™t be the last.

2143

Okayā€¦Gotchaā€¦now take a hit of this and a deep breath and relax because this has struck a nerve with you that has a way deeper meaning for you than can be worked out on a message board.

In all seriousness I am glad we have you to call out this hypocrisy and lay the law down on the rules and standards and the idea that a couple of rich suckers did pay her rent up for a year only reinforces the problem with these spoiled lower tier female athletes that must be stopped because we all know her complete life story and her selfishness of competing for our country when she can not even pay her rent!!

2144

True.

Not going to discuss it further.

As you state a message board isnā€™t the right forum.

2145

Hawaii, Rhode Island, Alaska, and DC, too.

DC has several D1 schools. None are FBS schools.

The number of scholarships for some sports is amazing. 65 scholarships for womenā€™s rugby is an incredible increase and will shift nearly every decent player to the P4 and Ivy League.

1 Like
2146

Good additions to the list.

I see Alaska anchorage is D2 so surely to goodness they are being left out of this madness.

Wait.

I see they are D1 for hockey and gymnastics.

Surely they are being left out of any financial consequences because itā€™s all based on D1 basketball right?

2147
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2148
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2149

Iā€™m not entirely sure that should be considered a scam.

There may be a reason someone would want to collect more money upfront in a lump sum.

There are already similar markets for selling rights to residuals for artists and their surviving families, or for selling the rights to various financial settlements.

I have no idea if 15% would be considered an above market cut though.

2150

You could probably get a cheaper loan directly from the bank.

Itā€™s almost definitely a scam.

1 Like
2151

Some of the major leagues have caps on the percentage an agent is entitled to from their respective clientsā€™ contracts. NBA is 4%, while NFL is 3%.

So yes, NIL as currently set up is a scammerā€™s paradise.

2152

Well yeah. If you had a job and credit history.

Iā€™m just saying itā€™s not ideal, people with a solid financial footing and time would obviously take the payments over time.

But some people donā€™t have that situation.

2153

Then 15% seems to high.

2154

These responses from Miles Jordan of Profound (per his X acct heā€™s based in Troutman, NC) are, to say the least, somewhat confusing:

2155

You donā€™t need a job, if you sign over the annuity proceeds.

Their repayment stream is the NCAA not you. Same deal as going to JG Wentworth.

2156
2158

Donā€™t think we are on same page.

You mentioned getting a cheaper loan from a bank. Thatā€™s why I mentioned a job and credit history.

2159

We arenā€™t. Your job etc doesnā€™t matter in that situation. Youre actually doing whatā€™s commonly called discounting an annuity but it works like a loan. The source of repayment is the obligor of the annuity so your credit score and job arenā€™t really relevant. They are essentially advancing you a discounted single payment of future principal payments, predicated on an assignment of the annuity to the lender. The point being you can probably get this type of arrangement for a lower fee / discount rate, though Iā€™m not sure since I donā€™t sell or work with those in any capacity.

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