For example:
You sign the NIL deal contingent on representing the University of Houston for 3 years. If you break the contract, you owe X% back to the NIL company or donate it to the school
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that should absolutely be how its written in the first place, I assumed these were “contracts” right?
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Exactly. It’s not about upfront. It should be a contract if it’s work.
There WILL be lawsuits filling the courts here soon!
…and they will be all of the country. NIL lawyers better start preparing.
These athletes that have signed contracts to REMAIN at a school will soon have to pay the NIL donor back for breach of contract.
You want to be an adult…the you have to abide by the contract YOU signed or pay the penalties.
#ADULTING
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Who is giving money up front for multiple years? They would pay it out yearly to keep players there. Having to attend the school is not allowed right now to be added in any contract. You could say they have to be in the city, but why would a player sign something that says they pay back money if they leave? Then you think an NIL collective is going to sue a player? That would be a sure fire way to make sure you don’t get future players. I could see legit companies suing if a player doesn’t live up to his side of the deal (doesn’t hit requirements for posting, appearances, etc), but only if they don’t care about the school and were focused on ROI.
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…the NIL donors (i.e. ones at places like Texas A&M) are going to start to wise up in drafting more elaborate NIL contracts with the athletes, complete with buy outs and penalties if they leave their school or don’t meet their obligations.
We are still in the Wild West phase, but the “Invisible Hand” of the market will start to do its thing.
If our UH Law School hasn’t developed a NIL legal curriculum/program…they had better start soon if they want to be on the forefront of what is going to be a billion dollar legal enterprise. That’s going to be WAY more crucial than adding classes to study Taylor Swift.
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The top players still hold all the leverage. If a school’s NIL group starts doing shady things to recruits and players to not pay or penalize them, it will kill their recruiting going forward.
NIL lawyers bout to get PAID!
Who is talking about shady things?
Any businessman/woman who just hands over a large sum of money, without a contract outlining the terms of the agreement, is just plain D-U-M-B.
That’s Business 101.
NIL isn’t a donation, it’s a sponsorship agreement. Players can show up on ads in exchange for money. Athletes in extreme sports, sailing, surfing, etc., have been doing this for years. Red Bull is a big player in those sports. Which companies choose which players to offer surely overlaps with which company owners are alumni of which schools (except for Nike, Gatorade, car companies, etc), but this isn’t just a legalized $100 handshake. 1927 is right, if someone signs a player to a multi year contract then they get what’s coming to them.
If they start putting a whole bunch of hoops to jump through knowing they will use it to void the contract or penalize the player later, it will look shady. If you are talking about simple, plain language then that is on the player if he signs. But top players have all the leverage currently. They aren’t signing something with penalties or paying back money if they leave when other schools wont require it. Any NIL group paying multi year deals up front are idiots.
lmao RIP college football. Only a handful of schools are going to pay big money for players. P5 is basically over. Good on the players though. If a guy like dumbo at aTm got 80 million or whatever the players deserve to get paid.
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That sword cuts both ways. Say if a player gets injured and can’t play for the rest of his CFB life. But the NIL doesn’t want to pay him even though he has a contract, because these contracts are not with a school there with an entity. Which means more litigiousness in the process. thinking those entities don’t want lawyers involved that creates stringentness, I don’t think they want that. They love the grey areas an want to keep it that way imho.
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Didn’t Ewers get a nil for a million at Ohio state and then left for Texas?
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NIL is Deadwood and Tombstone right now. There is just no law and order to it.
I deal in value capture and data. I wonder if there is opportunity here to start a consulting firm that deals strictly in getting the most value out of your NIL deals by using analytics.
The other thing is, we hear about these deals but we have no idea how much the players actually received in the end. Is the money half when you sign and you get the other half after you’ve completed your second season at the school?
How are they structured? Are some incentive based? Game checks? I really want to know how it works.
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They cannot be anything tied to incentives or actually playing because it can’t be pay for play. However, we all know 95% of them are actually pay for play.
And get ready for these NIL collectives to start trading players…
NOT VERY
Players will go where the contracts are straightforward and benefit them. Oh, Texas wants to have me pay them ou doesn’t. Looks like I am a sooner.
We could do this to coaches as well, but then they would just go elsewhere. Tilman learned that with the Applewhite negotiations.
If you read the NIL rules it’s pretty obvious some places are violating the rules. That said, who is actually doing anything about violations? I’ve heard of almost zero NIL infractions or even allegations
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