Iowa NIL Update
- Thread starter Jer
- Start date
Most health insurance plans cover routine vacs. Cheaper and probably less embarrassing than taking your kids to the vet.
One thing that allows a non profit to be a non profit is by providing scholarships to athletics. Why AAU's will give out scholarships and golf courses will, it helps their cause to be non-profit. Pretty easy for a collective to hand out the payments as scholarships to the schools and the schools pay the excess scholarhip money back.
Lets make it really simple, find someone to donate 40 million and you can just pull a 5% to get the 2 mill a year. Pretty darn simple, why didn't you think of this @brentblum ?
That is 100% illegal. The school cannot be involved with any of the financial transactions even as an intermediary like you are talking about. Schools can provide advisors and staff to help navigate NIL but that is the extent of school involvement.
I had to spend $1,000+ earlier this year just for the vet to tell me my cat is diabetic. That was fun. Never mind the ongoing costs of special food and insulin.
Great points. There are a whole bunch of people in their prime earning years right now that had that as their formative ISU football experience.
Then every school is doing illegal stuff since they always pay back any scholarship money that is in excess of their costs. Better alert the authorities about every university out there.
But that scholarship money isn’t coming in the form of an NIL deal. It’s a small distinction but an important one. Granted we’re still in the Wild West of NIL deals but most schools are trying to avoid and major issues like this.
That’s why I said the collective will start making some payouts as scholarships instead then. They don’t even have to give all of it out. They say they are going to fund a WBB and a MBB scholarship and they can then do the rest of their business and still retain non profit status. I had to research this for a golf course and a basketball AAU set up.
The guy running the collective can probably speak to that better then I can, (even though I suggested the idea of the collective over a year and a half ago and got negged to oblivion) but that is a very sketchy idea. You might be right it skates the bounds of legality and you probably get away with it anyways but it’s thin.
It is done a ton. You can say it’s thin and sketchy but it’s done a ton. There would be massive non profit uphevel if they started cracking down on it.
The first to go would be athletic departments.
Pretty sure Iowa's NIl is setup as a way for those players that receive money to then do charitable works in the community. I think that is why they are a 501c3 non-profit.
10-20 Million PER YEAR for NIL?!? Jesus lord. I will now redirect my funds to my children's training. You will earn a scholarship and you will receive NIL. Say it with me, You will earn a scholarship and you will receive NIL!Wanted to share some of what I’ve put together on Iowa NIL from various sources since there is a lot of talk about what we might be up against.
From what I’ve heard – Iowa could pull together roughly $5-6 mil for NIL right now between their various channels. That’s expected to increase another $5-7 mil in the next 12-18 months as they realign where donors direct money. There are some that believe they could get to $20 mil by 2025 as the new media contract allows further realignment of funds.
While $10-12 mil/year wouldn’t put them in the same category as the elite NIL schools (Bama, Georgia, USC, tOSU, Michigan, TN, Miami, A&M, Oregon, Florida, Texas, Nebraska, etc), it would put them in the Top 30. If they got to $20 mil, they’d be closer to 15-20th.
We Will Collective Club
www.wewillclub.com
We Will Collective | Supporting ISU Student Athletes
Explore events and collaborations that support Iowa State student-athletes through NIL opportunities and community involvement with the We Will Collective.wewillcollective.com
Can you imagine sitting across from a 16 year old saying, "well we have brand new mustang ready for you when you sign", and the response you get is "cool, so and so offered a Mercedes."
Disagree with this completely.
Stats:
ISU has 60k fans going to football games,
14k fans going to BB games, Iowa State Football has over
150k followers on twitter
If 14k fans gave $100 to We Will that would be $1.4M / year
if 60k fans gave $100 to We Will that would be $6M / year
if 100k fans gave $100 to We Will that would be $10M / year
It is not easy to get 100k people to do anything... but if we all do a little, we will be just fine. It is going to take a lot of people. I don't think ISU has the large donors that will be cutting huge checks annually to We Will. But together many of us can do a lot.
One other compare... Mississippi St / Iowa State
Both Mississippi State and Ole Miss athletics were in a very similar spot to ISU in 2005. In fact, from 2005-2010 ISU's Annual Athletic Revenue was about $6.9M more than MSU revenue, or about 18% more each year. Compared to Ole Miss, we had a 5% advantage or about $1.9M more revenue each year.
Starting in 2011 that changed. Part of this can be attributed to the SEC vs. B12 media contracts. But the bigger difference is Ole Miss and MSU fans started to increase contributions to their schools.
We went from about +$7.1M in Ticket Sales + Contributions ("Fan Support") to -$5M / yr vs. Miss St. This accounts for 74% of the change. Media Rights are significant, but we would be very close to MSU in overall budget if we maintained our advantage in Fan Support. Ole Miss is similar. We started out +$2M, now -$10.4M/ yr. this accounts for 79% of the change from ISU +$1.9M / yr to Ole Miss +$14.5M / yr.
The point is not that everyone has to give to ISU... everyone has to do what makes sense for them.
The point is, if we all give a little it will go a long way. If a smaller state (income and population) is supporting their schools - schools that we used to out perform, we can do this too.
But it's not one big donor... it's many of us together.
Don't we have 300-some donors to We Will at the moment? As in, every single We Will donor could fit in a lecture hall right now. (Edit: Blum says 1,000)
It's pure fantasy to think we will get to 100,000 much less 60,000.
Feel juvenile to say "We would have a lot of money if [preposterously optimisic number] fans gave money." Of course that is true. Doesn't make it realistic.
Last edited:
We have over 1,000 donors.
