NCAA set to allow direct payments to athletes
- Thread starter simply1
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Name the publically traded company that has been doing that? CEOs and executives go to prison for that kind of stuff.
I'm not saying someone won't try it, but its not as easy as you make it out to be.
And the NCAA couldn't do the exact same thing? "You agree to abide by these new legal NIL rules or you are not eligible to play NCAA athletics."
Yeah, that got me thinking and there definitely could be a loophole there. Not for Trump crypto itself (they would only enrich themselves, not spend money on college athletes).
I'm a filthy rich Iowa State fan.
I create a company and go public and sell stock.
I have 0 revenue and my only expenses are NIL deals with athletes at Iowa State.
My stock tanks and is completely worthless, but I don't care.
I'm not sure thats fully legal and any stockholders probably wouldn't care enough to sue me for negligence, so that could definitely skirt the rules.
I would not exclude publicly traded companies. I think overall, you can put in some stiff penalties for any company or entity who skirts the rules. Like bans from having any NIL contract approved.
Publicly traded companies can still be closely held by the private owners and they can stack the board as they see fit. A publicly traded company in Ames is set up just like that.
Hell a publicly traded company in WDM has Lynn Swann as board member lol
Not without collective bargaining they can't. Unilateral rules have been thrown out over and over and that's why we are where we are.
The House Settlement is not a set of unilateral rules.
And the Clearinghouse is not NCAA funded or sponsored. The P4 conferences are funding/sponsoring it as part of the House Settlement.
That's my freaking point!!!!!! It's possible for them to figure out collective bargaining and make this work. Whether the do or not remains to be seen, but it is entirely possible.
A great example of how someone could game the system, but even for him, but it proves it's not easy. John Ruiz has been under a ton of investigations.
If does show that publically traded companies shouldn't be exempt. I can agree on that.
Tennessee has passed a law that prohibits the enforcement of the NIL revenue restrictions of the House settlement.
The only way around it is through federal law, or a court order.
The only way around it is through federal law, or a court order.
Agree. Actually glad to see the State of TN pass this law (and they won't be the only state to do so). It should speed up the process for Fed codification of House and supersede any State laws that conflict with it.
The problem is that federal law does not supersede constitutional rights. The Supreme Court will have the last word on whether Congress can prevent an athlete from capitalizing on his NIL value.
Why do you and other posters keep coming up with this silly rationale?
House and codification of it doesn't prevent an athlete from capitalizing on or maximizing their NIL value. It is intended to prevent direct pay for play from boosters or other entities.
I liked that the judge’s solution was basically “kick Tennessee and Vandy out of the NCAA”
