What will college FB & BB look like in 10 years? Will schools like K State & ISU be able to compete with the big money schools? https://www.si.com/college/2022/07/...source=facebook&utm_medium=news_tab&fs=e&s=cl
Tech has now established a NIL Fund.
- Thread starter CloneAlta
- Start date
- Mar 27, 2006
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We don't have to compete at the same level as the big programs, but we do need to have something. This example from Texas Tech seems doable. It's not really big money, $2.5 million dollars.
I'm pretty sure our NIL collective looks something like this.
Starting at about the 1 minute mark...
Title IX may have something to say. Seems like it always does.
I told my husband when we win the lottery, we need these NIL kind of deals with our kids to transfer them money without paying gift tax.
He says the rich people version is fake companies.
He says the rich people version is fake companies.
Personally, I think Tech's overall athletics are trending up.
I get so frustrated when these type of things are termed "NIL" when it's obvious they are just paying a salary.
- Mar 27, 2006
- 42,752
- 33,772
- 113
Why would title IX factor in? The school would not be paying. The collective is not the school.
You talking about that new Buddy Holly statue?
Report: 100 Texas Tech Players to Receive Five-Figure NIL Pacts — Sports Illustrated
A group of private donors will reportedly offer renewable one-year deals to the program’s 85 scholarship players and 15 of the top walk-ons.
That seems crazy to me. Where on earth is this money coming from? No med or law school at TT, so not sure who is funding all of this.
Report: 100 Texas Tech Players to Receive Five-Figure NIL Pacts — Sports Illustrated
A group of private donors will reportedly offer renewable one-year deals to the program’s 85 scholarship players and 15 of the top walk-ons.apple.news
- Mar 27, 2006
- 42,752
- 33,772
- 113
It's not really that much money. It's $2.5 million, which don't get me wrong, is not chump change, but not some unattainable number for a collective to bring in.
It must be. I read that the guy heading up their collective, Cody Campbell, alone made a $25 million donation to the university to have part of the stadium named after him. You don't get that wealthy just by holding a BA in Communications from TT.
I'm kind of coupling it in with the 200 mil they are spending on stadium upgrades.
The whole complex kind of looks like a fancier JT area with the practice facility, SEZ, new performance center.
