$13 Million Florida NIL Deal

[CyclonesRock]

All I have to say is this is even remotely true, wow, for a 4 Star...

Florida could lose top recruit after massive NIL deal creates controversy

Jaden Rashada, a four-star quarterback recruit, signed with the Florida Gators to begin his college career next year. But his reported $13 million NIL deal was reneged on.

www.foxnews.com

 

[AlaCyclone]

I think that's more than Purdy makes!

 

[Clonehomer]

And welcome to the underbelly of NIL. Business decisions will be made on and off the field, usually not to the benefit of the team.

 

[ianoconnor]

I think that's more than Purdy makes!

More than Purdy and Jimmy G combined lol

 

[SCNCY]

I wonder if that’s just for one year, or if it was a multi year deal ?

 

[clonedude]

I still don't understand how these 'collectives' work? So fans can donate money to these collectives, and then how do the collectives pay the players? Just give them cash?

I'm just really torn on this whole NIL thing. Part of me thinks it will ruin the sport, but the other part of me sees the tens and sometimes hundreds of millions of dollars some of these programs bring in on the backs of these kids, and feels these kids deserve to be paid something for that..... above and beyond their free education.

These kids, many of them quite poor, are literally putting their lives on the line for these programs, and making these programs VERY wealthy. Without these players... they don't make a cent. You've got coaches now making 10's of millions of dollars every year... and are they putting their lives and bodies at risk for that money like the players are? No.

I'm sorry, but the system reeks of mostly rich white guys making huge money off the backs of mostly poor black kids IMO. Sorry if that offends anyone. But it's exactly what it is for the most part.

And if fans are willing to fork out that kind of money to these collectives so that a program can give a kid $13 million.... so be it, right? Kids have always been getting paid under the table illegally... now it's just above table.

 

[CyState85]

The more I’ve thought about it, the more I think the NIL helps programs like Iowa State. The blue bloods can fight over the top prospects with these ridiculous NIL deals and struggle with player retention. We will never be able to compete with this type of NIL money and I’m not sure we want to. I’ll take an under the radar guy that works hard, loves their teammates/coaches, and loves the university.

I think it breeds dysfunction within programs. Texas A&M has 28 players in the transfer portal despite having a reported $30 million in NIL deals this year. Miami has 17 guys in the portal despite $23 million in NIL deals.

 

[Mr Janny]

So the collective offered him a NIL deal, and then later informed him that they were severing it? And now he wants to leave? Seems like a pretty clear cause and effect, to me.

 

[PickSix]

I still don't understand how these 'collectives' work? So fans can donate money to these collectives, and then how do the collectives pay the players? Just give them cash?

I'm just really torn on this whole NIL thing. Part of me thinks it will ruin the sport, but the other part of me sees the tens and sometimes hundreds of millions of dollars some of these programs bring in on the backs of these kids, and feels these kids deserve to be paid something for that..... above and beyond their free education.

These kids, many of them quite poor, are literally putting their lives on the line for these programs, and making these programs VERY wealthy. Without these players... they don't make a cent. You've got coaches now making 10's of millions of dollars every year... and are they putting their lives and bodies at risk for that money like the players are? No.

I'm sorry, but the system reeks of mostly rich white guys making huge money off the backs of mostly poor black kids IMO. Sorry if that offends anyone. But it's exactly what it is for the most part.

And if fans are willing to fork out that kind of money to these collectives so that a program can give a kid $13 million.... so be it, right? Kids have always been getting paid under the table illegally... now it's just above table.

Agreed with your sentiments. And if every collective operated responsibly and honestly, there'd be no issue at all.

Unfortunately that's not the case. Looks like Florida sold this kid snake oil and promised money that wasn't there. The industry will probably go through some growing pains over the next few years as we figure out who/how to hold the collectives accountable for honoring their side of the contracts.

 

[CYCLNST8]

The more I’ve thought about it, the more I think the NIL helps programs like Iowa State. The blue bloods can fight over the top prospects with these ridiculous NIL deals and struggle with player retention. We will never be able to compete with this type of NIL money and I’m not sure we want to. I’ll take an under the radar guy that works hard, loves their teammates/coaches, and loves the university.

I think it breeds dysfunction within programs. Texas A&M has 28 players in the transfer portal despite having a reported $30 million in NIL deals this year. Miami has 17 guys in the portal despite $23 million in NIL deals.

Correct. After enough programs get burned, they’ll want to reign in their play-for-pay deals.

I love the transfer portal free-for-all, because players will gravitate towards healthy cultures. Unfortunately the Alabamas of the world can just cherry pick the best proven players from around the country. NIL money should be earned by performance on the field first. Not guaranteed up front as a down payment of sorts. That’s the kind of rule I’d like to see enforced.

 

[Mr Janny]

I still don't understand how these 'collectives' work? So fans can donate money to these collectives, and then how do the collectives pay the players? Just give them cash?

I'm just really torn on this whole NIL thing. Part of me thinks it will ruin the sport, but the other part of me sees the tens and sometimes hundreds of millions of dollars some of these programs bring in on the backs of these kids, and feels these kids deserve to be paid something for that..... above and beyond their free education.

These kids, many of them quite poor, are literally putting their lives on the line for these programs, and making these programs VERY wealthy. Without these players... they don't make a cent. You've got coaches now making 10's of millions of dollars every year... and are they putting their lives and bodies at risk for that money like the players are? No.

I'm sorry, but the system reeks of mostly rich white guys making huge money off the backs of mostly poor black kids IMO. Sorry if that offends anyone. But it's exactly what it is for the most part.

And if fans are willing to fork out that kind of money to these collectives so that a program can give a kid $13 million.... so be it, right? Kids have always been getting paid under the table illegally... now it's just above table.

It's just a contract. The collective agrees to pay the person X amount of money, payable on an agreed upon schedule, and in return the person agrees to perform agreed upon work, i.e. participate in promotions, make appearances, etc.

 

[cedarstrip]

I can't imagine having 13 million dollars, especially while in college. It used to be you went to college to prepare for your career, this could easily be your career. Spend a few million while in college and have the time of your life and retire VERY comfortable at the age of 22.

 

[jbhtexas]

Correct. After enough programs get burned, they’ll want to reign in their play-for-pay deals.

I love the transfer portal free-for-all, because players will gravitate towards healthy cultures. Unfortunately the Alabamas of the world can just cherry pick the best proven players from around the country. NIL money should be earned by performance on the field first. Not guaranteed up front as a down payment of sorts. That’s the kind of rule I’d like to see enforced.

What do you mean by "programs"? If you mean the athletic departments, the ADs have no say over what the NIL collectives do (i.e who they offer money to, or how much they offer). In this case, it seems that the NIL collective hosed the school.

I don't expect anything to be reigned in on its own. The people who think NIL is a good thing are going to continue to pour in money to the collectives, and the collectives are going to spend it to get the top players. The collectives might get a little more careful about actually having the funds on hand to fulfill the deals they make, but that's about it.

 

[NoCreativity]

The more I’ve thought about it, the more I think the NIL helps programs like Iowa State. The blue bloods can fight over the top prospects with these ridiculous NIL deals and struggle with player retention. We will never be able to compete with this type of NIL money and I’m not sure we want to. I’ll take an under the radar guy that works hard, loves their teammates/coaches, and loves the university.

I think it breeds dysfunction within programs. Texas A&M has 28 players in the transfer portal despite having a reported $30 million in NIL deals this year. Miami has 17 guys in the portal despite $23 million in NIL deals.

I think it helps us more in basketball but hurts more in football. With only 13 players compared to 85 it makes it much easier to build a competitive team every year in basketball.

 

[Cydwinder]

This is a crazy amount for the rights to name, image, and likeness for someone that has yet to play a single down of college football. This just reinforces that this isn’t actually his NIL and instead is straight pay for play.
Could he be worth millions in the future? Sure. But not right now and I think this is what will probably be looked at in great detail if rules are changed around this.
I have no problem with the money, but I do think this was not the intention when NIL was allowed.

 

[isucy86]

Agreed with your sentiments. And if every collective operated responsibly and honestly, there'd be no issue at all.

Unfortunately that's not the case. Looks like Florida sold this kid snake oil and promised money that wasn't there. The industry will probably go through some growing pains over the next few years as we figure out who/how to hold the collectives accountable for honoring their side of the contracts.

There are 2 versions of this story. The other being the kid agreed to a $9/$10M deal but seeing FL in dire straits for a QB, he is now asking for $13M.

I guess we'll see how excited Napier is going with Mertz next season.

The thing I don't understand is rich dudes have always been paying stud HS players. But my assumption was the under-the-table payments were in the hundreds of thousands. Why are rich dudes now willing to pay stud athletes 7 or 8 figures?

The only thing I can figure is these rich NIL guys want other rich NIL guys to know they are the guys who bought Florida or Miami or Texas A&M, etc, etc a Natty.

In other words, they don't have $4B to buy a pro team. But they do have $100M to buy a college team.

 

[BryceC]

There are 2 versions of this story. The other being the kid agreed to a $9/$10M deal but seeing FL in dire straits for a QB, he is now asking for $13M.

I guess we'll see how excited Napier is going with Mertz next season.

The thing I don't understand is rich dudes have always been paying stud HS players. But my assumption was the under-the-table payments were in the hundreds of thousands. Why are rich dudes now willing to pay stud athletes 7 or 8 figures?

The only thing I can figure is these rich NIL guys want other rich NIL guys to know they are the guys who bought Florida or Miami or Texas A&M, etc, etc a Natty.

In other words, they don't have $4B to buy a pro team. But they do have $100M to buy a college team.

Black markets are always harder to operate in.

 

[Sousaclone]

There are 2 versions of this story. The other being the kid agreed to a $9/$10M deal but seeing FL in dire straits for a QB, he is now asking for $13M.

I guess we'll see how excited Napier is going with Mertz next season.

The thing I don't understand is rich dudes have always been paying stud HS players. But my assumption was the under-the-table payments were in the hundreds of thousands. Why are rich dudes now willing to pay stud athletes 7 or 8 figures?

The only thing I can figure is these rich NIL guys want other rich NIL guys to know they are the guys who bought Florida or Miami or Texas A&M, etc, etc a Natty.

In other words, they don't have $4B to buy a pro team. But they do have $100M to buy a college team.

Because now they don't have to try and hide it? It's all open season and we all know that CFB is one big arms race.

 

[Cyientist]

More than Purdy and Jimmy G combined lol

I’d guess a majority of SEC QBs make more than Purdy, or at least the average of the starters “salaries” would be higher.

 

[brett108]

Agreed with your sentiments. And if every collective operated responsibly and honestly, there'd be no issue at all.

Unfortunately that's not the case. Looks like Florida sold this kid snake oil and promised money that wasn't there. The industry will probably go through some growing pains over the next few years as we figure out who/how to hold the collectives accountable for honoring their side of the contracts.

Florida had nothing to do with it. It’s the boosters. Programs are now dealing with the fallout of people who don’t directly interact with the program. It’s what everyone who hated the idea of paying players said would happen, while all the defenders just act like this was happening under the table. No one was making 13 million under any circumstance before this. Not even Reggie Bush.