How does NIL work? A 5 star commit flames out as a player, was this player signed as getting paid as long as they are a student/member of the team? Can the NIL say nope we are not paying anymore? A star player has a career ending injury are they off the payroll. Maybe they are guaranteed contracts? There could be a million dollars in an offensive line fund and half of them not pan out.
NIL Question
- Thread starter mkadl
- Start date
NIL can't be contingent on performance (athletic performance, that is) but that doesn't mean that it can't be just a one year deal with a wink and a nod that it will be renewed the following year if the player remains on the team on good standing.
We need to start the LIN. Linemen In Need. Go grab some 4 and 5 * beef from the portal and pay those men.
Pretty sure these are all contracts. Such as what the player needs to do in order to obtain the money. From my understanding, ours need to do some charity work. But I’m not sure about other schools.
Some athletes actually have NIL deals as intended, such as influencers and such.
I’d also like to hear from Bret’s more intelligent and helpful brother @brentblum.
Sorry just seeing this. There are different varieties of NIL agreements. The majority are one time payments or monthly contracts. And none can be tied to performance on the field. There have already been a few occasions where players have gotten NIL money and then had career ending injuries or decided to retire from football and those players are allowed to keep their NIL money if it was a one time agreement and they’ve already been paid. There are not very many longer term contracts in the NIL world (beyond one year).
@brentblum I noticed you said on a newscast months back that the athletes were doing "volunteer" work in relation to NIL. From what I understand the athletes are compensated for doing work for charities so I don't understand how "volunteering" is involved. Can you explain?
Is anyone asking how these NIL deals match up dollars-wise with NIL deals in comparable situations where a person is able to be compensated for the use of their NIL? Seems like that might be a good way of detecting when an athlete is getting paid for play versus being paid for their NIL.
Dude- this can’t be a serious question.
Not that @brentblum can’t answer this, so forgive me for chiming in here…but for goodness sakes Hawaii. The athletes are getting paid- you know this, everyone knows this. Why call out @brentblum to make him explain away wording?
Join the Collective and let the leaders of the Collective frame things in the best light they can to get the best results for the Collective. Get on board and don’t play the gotcha game with the leadership.
I wasn't calling him out and I wasn't playing the gotcha game. I just didnt understand how volunteering would be part of the equation. I think what the collective is doing is a great idea and can sell itself on its own merits. It's a great way to get a lot of people to help pay athletes for the use of their NIL.
Just a guess, but if the collective is a non-profit then I assume donors can get some tax breaks making the donation more attractive.
The money can’t be tied to performance, and you aren’t supposed to just hand players money (some NIL at first did this and some of those are being challenged), so if you have them do something it’s a compensation for that activity and not just buying recruits (although we know that that is basically the point).
It’s a way to keep things clean so if parts gets challenged, our guys are more in a doing a job type aspect and not just getting cash to play.
Yeah, tax breaks are great.
Tax breaks or not, I don't see why you wouldn't want to get the entire ISU community to partner with the business community in compensating athletes for their NIL. I don't know enough at this point to understand how an athlete's NIL is being compensated for when the athlete does work for the charity. Any light shed on that would be great.
I might be misunderstanding the concept here, but the concept of using money that exchanges hands in charity work to pay athletes for the use of their NIL in the process seems like a win-win.
This is exactly right. And @HawaiiClone97 completely understand your question! It’s a bit tricky with the rules (or lack of rules) and we want to be as careful as we can to make sure we are within whatever guidelines there are. So on the non-profit side, in order to protect our 501c3 status, players must work with a certified non-profit in volunteer work (the charity doesn’t compensate them) in order for us to help them with their NIL. The charity then gets the marketing benefit of the players presence without the cost.
Ask Texas A&M boosters, they’ve wasted more investments on this than anyone. Same with Miami hurricanes
I predicted lawsuits, not that it’s a bold prediction, but it’ll be interesting to see some rulings on this stuff.
A two year signing requirement out of high school would make this stuff a lot easier..
