Can't find NIL thread

[TaterWanger]

www.cbssports.com/college-football/news/spencer-rattler-becomes-case-study-for-nil-return-on-investment-with-oklahoma-starting-job-in-flux/

[egadsto]

[Ginger]

Well this wasn’t a good deal

[NOTTHOR]

Sept 6, 2023 12:10:13 GMT -6 Ginger said:

Well this wasn’t a good deal

Based on that blurb it sounds like a facially invalid contract. It sounds like it was an advance as opposed to NIL. One thing I've learned living in the South is that the bar is basically an extension of the state's flagship law school and you never want to piss them off because odds are that half the US Attorney's office went to that local school and all of them are likely huge sports fan of that school. This is the kind of fact pattern that ends up drawing scrutiny from law enforcement and can get someone a mail or wire fraud charge. If you're gonna try something like this as a business, you gotta do it at a place like Rutgers, Syracuse or UCLA. You absolutely don't fucking do it to a guy who plays for Florida, South Carolina, Texas, Oklahoma, Alabama, Tennessee or Georgia. It's a recipe to get gigafucked. They need to teach real world shit like this in business school. You rip off a kid from UCF, no big deal. You rip off a dude from U of Florida, big fucking deal. The US Attorney that covers northern Florida has offices in Tallahassee and Gainesville and prolly 3/4ths of the bros working there are die hard UF or FSU fans.

[socal]

Sept 6, 2023 12:33:04 GMT -6 NOTTHOR said:

Sept 6, 2023 12:10:13 GMT -6 Ginger said:

Well this wasn’t a good deal

Based on that blurb it sounds like a facially invalid contract. It sounds like it was an advance as opposed to NIL. One thing I've learned living in the South is that the bar is basically an extension of the state's flagship law school and you never want to piss them off because odds are that half the US Attorney's office went to that local school and all of them are likely huge sports fan of that school. This is the kind of fact pattern that ends up drawing scrutiny from law enforcement and can get someone a mail or wire fraud charge. If you're gonna try something like this as a business, you gotta do it at a place like Rutgers, Syracuse or UCLA. You absolutely don't fucking do it to a guy who plays for Florida, South Carolina, Texas, Oklahoma, Alabama, Tennessee or Georgia. It's a recipe to get gigafucked. They need to teach real world shit like this in business school. You rip off a kid from UCF, no big deal. You rip off a dude from U of Florida, big fucking deal. The US Attorney that covers northern Florida has offices in Tallahassee and Gainesville and prolly 3/4ths of the bros working there are die hard UF or FSU fans.

What if the player is like Spencer Petras? Would they give a fuck?

[NOTTHOR]

Sept 6, 2023 13:32:50 GMT -6 socal said:

Sept 6, 2023 12:33:04 GMT -6 NOTTHOR said:

Based on that blurb it sounds like a facially invalid contract. It sounds like it was an advance as opposed to NIL. One thing I've learned living in the South is that the bar is basically an extension of the state's flagship law school and you never want to piss them off because odds are that half the US Attorney's office went to that local school and all of them are likely huge sports fan of that school. This is the kind of fact pattern that ends up drawing scrutiny from law enforcement and can get someone a mail or wire fraud charge. If you're gonna try something like this as a business, you gotta do it at a place like Rutgers, Syracuse or UCLA. You absolutely don't fucking do it to a guy who plays for Florida, South Carolina, Texas, Oklahoma, Alabama, Tennessee or Georgia. It's a recipe to get gigafucked. They need to teach real world shit like this in business school. You rip off a kid from UCF, no big deal. You rip off a dude from U of Florida, big fucking deal. The US Attorney that covers northern Florida has offices in Tallahassee and Gainesville and prolly 3/4ths of the bros working there are die hard UF or FSU fans.

What if the player is like Spencer Petras? Would they give a fuck?

No, because no company would be dumb enough to give Petras a half a million dollar advance in exchange for 15% of his future NFL earnings and if some company did that they would just lose money because 15% of 0 is 0. I believe those sorts of deals are prevalent in golf and have been the subject of a number of lawsuits, but golf doesn't have a bunch of legislation around what constitutes a permissible NIL arrangement and this thing also looks like an attempt to make the company his agent during a period in which everyone knows the kid is unable to sign an agent without breaching NCAA rules. Oh man, this could lead to Florida vacating a bunch of games because there's a good chance this dude was ineligible. I'd really like to see the contract.