It's setup as a way to retain talent moreso than bringing in blue chips. We will continue to bring in mostly under the radar guys but do not want to lose them as they develop to more wealthy programs.
The “We Will” Collective
- Thread starter Proton
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I get that. I just go back to Jeremy's post earlier in this thread where his inside info stated the folks involved here expect 3* recruits to have a going rate of $50 - $200k.
We'll have to rely on VERY under the radar guys if that is true.
I expect Title IX women's sports advocates to insert themselves into the discussion for legal requirement of available funds to be distributed as required. I wonder how a national championship wrestler would be paid in comparison to the 6th man on a Big 12 BB Champion? Evidently, they'd have to be underclassmen as the money is intended to retain. The IRS will want their take.
I will donate proceeds from the sale of these items.
PM me if you're interested in buying.
PM me if you're interested in buying.
- Autographed Troy Davis Game Helmet from inaugural Big 12 Season, 1996
- Autographed Paul Rhoads football in case
- Piece of Basketball flooring after the 1993 floods, with a COA
- 6 Pack of Coke bottles commemorating 100 years of Cyclone Basketball
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If ISU wants to up the game, they should make a donation to the NIL the equivalent of a university donation for the purpose of season ticket allocation. At this point no one is going to be going to a place with an entertainment district over one that doesn't but gives them a $100K right off the bat.
Places like OkSt are probably trying to find a way to get the Boone Pickens trust money into an NIL fund.
Places like OkSt are probably trying to find a way to get the Boone Pickens trust money into an NIL fund.
Wrestling has a jump start on this due the existence of the RTC system. These organizations can double as NIL orgs and can simply employ current university wrestlers. Wrestlers will do very well with the NIL system, and will definitely make up for the fact that they are not on full scholarships.
I think the problem will be very evident that the limited money all comes from the same pool. Let’s say we somehow get up to $1mil/yr (I think we will be short of that) and our peers make at least $2mil/yr (many in our tier will vastly outperform that). That money has to go to new recruits and retention across all sports (realistically 95% MBB and FB).
Assuming we get bargain rate projects or 3-start players like today, and can get by with paying QBs 200k/yr, RBs 100K/yr, WRs 100K/yr, all others a total of 150k/yr, you’ve already eaten up 550K on key positions at a cut-rate amount compared to what anybody but maybe K-State will be offering. Even *Kansas* is projected to do around 2mil/yr just on football.
Then you are left with 450k/yr for basketball (less than a lot of peers will pay for one guy). That could get you 2-3 “good” players but no 4-stars… or possibly all-in on one guy like Tyrese or Omaha at still a below-market rate. Again, those rates are only that low until they develop and have breakout years and can demand much more.
I’m not a doomer or pessimist in any way… however, we are really going to be struggling to do more than get 3-star players that we can develop into something more and then hope we can built up enough loyalty that they’ll stick around at the lower rates we can offer. I think our advantage today is we are a developmental school, but that works because we can keep the developed version of those guys, that will be a huge struggle going forward.
I absolutely hate writing these posts because 1) everybody will label me a pessimist which I am definitely not, and 2) I hate what NIL is doing to schools like ISU that today have the ability to develop players and be competitive and make college sports the fun that they are.
Wow, talk about zero transparency. Do they honestly expect people to donate without knowing where the money is going? Who is running this operation? Transparency is so critical, and this was such a flop.
I understand what you are saying but Ttile IX would have no bearing on an independent organization.
Most of these "collectives" will be not for profits so the IRS won't get anything from them.
I would like to see “who” is contributing and what amount they contribute. This would be at a board of director/decision maker level.
By gauging their actual monetary involvement for We Will - I would be able to gauge if they are all in on this initiative.
By gauging their actual monetary involvement for We Will - I would be able to gauge if they are all in on this initiative.
I will preface this with the statement I understand the "game is changing" and we (ISU) needs to figure out what it means for us as the landscape evolves/changes......but a couple thoughts/questions after listening to the POD and reading about this:
1. It sounds like this isn't a "pay to stay here" type of thing and we are trying to be different
2. The press for this is about charity....which I'm all for...BUT, doesn't it seem a little weird that our athletes will be getting paid to be charitable? Meaning, i know a lot of the teams/players already have done this type of volunteer work as individuals or teams...doesn't this water that down now? (and since the school can't be officially part of this, how do the teams continue (or discontinue?) what they already were doing
3. How will charities be selected? Seems to be one of those things that could create some "who you know" type of situations.
4. Doesn't it feel weird to be putting money in a players pocket vs the actual charity?
Again, i'm all for NIL and look forward to seeing how this all pans out and I recognize student athletes can still get NIL outside of the collective.
1. It sounds like this isn't a "pay to stay here" type of thing and we are trying to be different
2. The press for this is about charity....which I'm all for...BUT, doesn't it seem a little weird that our athletes will be getting paid to be charitable? Meaning, i know a lot of the teams/players already have done this type of volunteer work as individuals or teams...doesn't this water that down now? (and since the school can't be officially part of this, how do the teams continue (or discontinue?) what they already were doing
3. How will charities be selected? Seems to be one of those things that could create some "who you know" type of situations.
4. Doesn't it feel weird to be putting money in a players pocket vs the actual charity?
Again, i'm all for NIL and look forward to seeing how this all pans out and I recognize student athletes can still get NIL outside of the collective.
Maybe for our contests at basketball games instead of having some random fan fail at making 5 three pointers we give every player on the roster a shot at a free lawn mower. LOL Better yet bring back the Benson Motors 5 for 5 challenge and they can shoot for a new car instead.
LOL, problem solved! We as fans just give up our chance at perks and let the players try to win them instead for the sake of making sure they get compensated.
"Jaz Kunc, is our contestant for the Banker's Trust Bank shot contest. Bank in 3 shots in under 30 seconds and Jaz you will go home with a $100 gift card courtesy of Banker's Trust. Good luck Jaz!"
"Our contestant for the Van Wall 5 in 35 contest is Caleb Grill. Caleb will have 35 seconds to make 5 3pointers to win a John Deere lawn tractor. Good luck Caleb!"
Just waiting for the day a coach under the NIL era to give a speech like this:
LOL, problem solved! We as fans just give up our chance at perks and let the players try to win them instead for the sake of making sure they get compensated.
"Jaz Kunc, is our contestant for the Banker's Trust Bank shot contest. Bank in 3 shots in under 30 seconds and Jaz you will go home with a $100 gift card courtesy of Banker's Trust. Good luck Jaz!"
"Our contestant for the Van Wall 5 in 35 contest is Caleb Grill. Caleb will have 35 seconds to make 5 3pointers to win a John Deere lawn tractor. Good luck Caleb!"
Just waiting for the day a coach under the NIL era to give a speech like this:
Anytime money will be given to D-1 players, I expect Title IX to be heard. I doubt it matters how it is channeled if an individual business or person specifically wants to donate X dollars to athlete x. But if it is put in a fund controlled by a group, distribution will be public and scrutinized. I was referring to the athlete’s income tax return not the non-profit organization.
Since it's being handled as "endorsement" money rather than salary, I don't think there is an entity on the planet with the authority to regulate it. Just like nobody can force Nike to offer Lebron the same cash as Brittney Griner.
I get what you are saying but Title 9 but that would not apply if my CPA business decided to sponsor athletes. I can decide to sponsor whoever I want.
As for taxes, most likely any money the athlete receives will be reported to them and the IRS via 1099NEC or 1099MISC.
After listening to the Sunday podcast, it sounds like they are using the collective to reward athletes for their charitable work. Is that correct?
Does a committee determine who gets some of this collective and how much? Does the "star power" of the athlete influence how much they receive for each charitable work?
Does a committee determine who gets some of this collective and how much? Does the "star power" of the athlete influence how much they receive for each charitable work?
We went from "sponsors paying athletes to use them in ads" to "fans now need to pony up cash" really fast
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