I think I remember reading an agent saying they love NIL cuz they no longer have to foot the bill which is now done legally out in the open, they take on a lot less risk. An agent would want his client to go where they both earn the most $$$ up front, that could be the guarantee plus if they already gave Tyrese money, the sooner it’s paid back, the better.Jamie's comments about Tyrese are what I found most interesting and confirmed what I think many suspected. Rich people don't just hand out $500k or $1M without expecting something in return.
Jamie mentioned that Tyrese has signed with an Agency or Agent who has guaranteed money to Tyrese. That money will make Tyrese whole vs. a possible 2-way NBA/G-League agreement. Jamie's reference to Fernando Tatis signing with an agent at 16, the agent now has rights to a share of Tatis' $375M future earnings.
IMO a few ways to bring sanity to the current NIL craziness are:
I am sure there would be other regulations that could help bring this back to NIL vs. buying recruits.
- Require athletes declare to the universities any NIL deals they have- cash or property received. NCAA Schools would be required to send this info to the IRS.
- Require collectives to publish who it's contributors are. Maybe any contribution over $100.
- Standardize the NIL Agreements. Prohibit any future payments from the athlete to the agency or collective.
I don’t believe they’re setting NIL up as, “here’s 500k donation, go play“, more of here’s how u can make money off the backs of our giant fan base & businesses, which should net you X.
Wouldn’t players already have to report earnings to the IRS? idk how u standardize these deals without infringing on players rights if it’s already legal.