NCAA set to allow direct payments to athletes

[cytor]

If anyone can help us interpret what is going on, it's Blum and Williams. Let's hope NIL going forward is no longer pay for play.

 

[Mr Janny]

How has professional sports had salary caps and marketing deals?

Not being sarcastic but I don’t see how it’s that different. Are NFL players living under evil oppression because of a salary cap? Are there ways they stop rich owners/fans from paying extra over the cap and pretending it’s a marketing deal? Genuinely asking anybody.

The Pro sports leagues don't evaluate NIL deals. Enticing a player to sign with your team with the promise of lucrative NIL opportunities is 100% okay.

As far as the salary caps go, they're allowed because they're part of a collective bargaining agreement with the respective unions.

 

[HFCS]

You must work for DT because you are constantly bending over backwards for them on this topic.

If I deem paying Rocco $100,000,000 to advertise for my CPA business then that is the FMV I place on his endorsement to my business. And just because a database doesn't support that amount doesn't make it in-valid.

How have the many pro sports with salary caps managed this?

Was Michael Jordan’s Nike deal actually demanding he played for only Chicago?

 

[HFCS]

The Pro sports leagues don't evaluate NIL deals. Enticing a player to sign with your team with the promise of lucrative NIL opportunities is 100% okay.

As far as the salary caps go, they're allowed because they're part of a collective bargaining agreement with the respective unions.

So teams frequently go right up to the cap, and it’s just honor system that keeps them from paying far more and pretending it’s a marketing deal? There must be some mechanism.

 

[Mr Janny]

The imminent approval of House has fast tracked the legislative process.

Curious what your source is for that?

 

[cykadelic2]

Of course there is, for now. The Clearinghouse could actually be a thing for a while, until it is taken to court and found to violate the states' NIL laws.

...which is why Fed codification of House is being pursued which would supersede state specific NIL laws.

 

[cykadelic2]

Curious what your source is for that?

 

[cykadelic2]

You must work for DT because you are constantly bending over backwards for them on this topic.

If I deem paying Rocco $100,000,000 to advertise for my CPA business then that is the FMV I place on his endorsement to my business. And just because a database doesn't support that amount doesn't make it in-valid.

Read Post #14

 

[Mr Janny]

So teams frequently go right up to the cap, and it’s just honor system that keeps them from paying far more and pretending it’s a marketing deal? There must be some mechanism.

They have rules (again collectively bargained) limiting endorsements from certain types of businesses, for example, players have agreed to not sign endorsement deals with adult entertainment businesses or tobacco companies. And there are rules about promoting these endorsement deals during NFL broadcasts, but that's about it.

 

[isufbcurt]

How have the many pro sports with salary caps managed this?

Was Michael Jordan’s Nike deal actually demanding he played for only Chicago?

Where in my example did I specify that Rocco had to play for ISU? I didn't.

 

[jbhtexas]

You must work for DT because you are constantly bending over backwards for them on this topic.

If I deem paying Rocco $100,000,000 to advertise for my CPA business then that is the FMV I place on his endorsement to my business. And just because a database doesn't support that amount doesn't make it in-valid.

A slightly different aspect of this...As I understand the present situation, Rocco has to pay taxes on the $100,000,000. Do you get a business tax write-off for the full $100,000,000?

 

[Mr Janny]

“They’re as close as they’ve been,” said one person with knowledge of the discussions, “but they’ve been close before.”

Same **** different day. Again, I'll believe it when I see it.

 

[Big_Sill]

Read Post #14

Fair value would be based on the principal market (or most advantageous) in which the goods and services are exchanged. In this case, the principal market would be specifically "college sports NIL deals". There will be many many value comps that will support the high values being paid, they will simply look to other programs paying similar amounts. Finding comps won't be hard.

Its going to be really hard to overcome what a buyer and seller are willing to pay and accept.

 

[FinalFourCy]

I think the majority of the SEC and Big Ten teams actually like the way things are. They have plenty of AD funds to pay players and plenty of big donors to fund NIL. There will be plenty of behind-the-scenes opposition to any legislation from the rich and powerful supporters of these schools.

What they like even better is when this Clearinghouse owned/run by the P4 is discriminatory with their NIL enforcement, just like the NCAA

The most wealthy are the ones to have the ability to violate and challenge the NIL enforcement. Are the wealthiest and most powerful schools really going to pay the Clearinghouse and Deloitte to remove their advantages?

Much more likely the mid-tier and lower, the new money, is kept down, while the “haves” pillage

 

[scottwv]

The Pro sports leagues don't evaluate NIL deals. Enticing a player to sign with your team with the promise of lucrative NIL opportunities is 100% okay.

As far as the salary caps go, they're allowed because they're part of a collective bargaining agreement with the respective unions.

Wasnt there a dust up regarding NIL and the WNBA vegas team that was being investigated by the WNBA?

 

[Mr Janny]

What they like even better is when this Clearinghouse owned/run by the P4 is discriminatory with their NIL enforcement, just like the NCAA

The most wealthy are the ones to have the ability to violate and challenge the NIL enforcement. Are the wealthiest and most powerful schools really going to pay the Clearinghouse and Deloitte to remove their advantages?

Much more likely the mid-tier and lower, the new money, is kept down, while the “haves” pillage

This is the reason why I'll continue to be cynical about any changes actually doing anything. Blue Bloods will not willingly give up their advantages. The SEC doesn't want an even playing field. They want to be able to continue to ensure they get the best players, and won't enter into a system where they aren't sure that they'll be able to maintain that edge.

 

[Mr Janny]

Wasnt there a dust up regarding NIL and the WNBA vegas team that was being investigated by the WNBA?

I will have to take your word on that one.

 

[LivntheCyLife]

They have rules (again collectively bargained) limiting endorsements from certain types of businesses, for example, players have agreed to not sign endorsement deals with adult entertainment businesses or tobacco companies. And there are rules about promoting these endorsement deals during NFL broadcasts, but that's about it.

I'm pretty sure Arthur Blank couldn't sign Falcons players to endorse Home Depot and there's a review process to prevent circumventing the cap.

 

[CloneJD]

The Pro sports leagues don't evaluate NIL deals. Enticing a player to sign with your team with the promise of lucrative NIL opportunities is 100% okay.

Teams can’t ‘promise’ NIL. That would violate collective bargaining agreements. I’m sure they could mention their market has better opportunities for endorsements but that’s about it.

 

[CloneJD]

This is the reason why I'll continue to be cynical about any changes actually doing anything. Blue Bloods will not willingly give up their advantages. The SEC doesn't want an even playing field. They want to be able to continue to ensure they get the best players, and won't enter into a system where they aren't sure that they'll be able to maintain that edge.

The SEC and 3 other big 4 conferences are PARTIES to the House agreement. They negotiated this arrangement.