There needs to be a distinction here between commissions on collective agreements (which are the equivalent of pro player contracts) and other NIL deals. Athletes should absolutely not be paying a 20% commission on collective deals. But 20% is standard for marketing deals.
There needs to be a distinction here between commissions on collective agreements (which are the equivalent of pro player contracts) and other NIL deals. Athletes should absolutely not be paying a 20% commission on collective deals. But 20% is standard for marketing deals.
@WinterSportsLaw Mit....you and I and God all know that nobody hitting the portal in late April because they're trying to capitalize on marketing deals lol. We know who Goodman is talking about.
@WinterSportsLaw This is just a precursor to the future when athletes are “employees” and sign over NIL rights. There will be a lot screaming from those who are cut out of this economy. It’s gonna be interesting to watch.
@WinterSportsLaw This is where there is a significant disconnect from most of the “financial education” classes being offered by schools…dealing with agents and not being taken advantage of by predatory contracts.
@WinterSportsLaw This is a huge disconnect for many. NIL means two completely different things. There is "real" NIL which is market value sponsorships/marketing/appearance fees/etc. Then there is "fake" NIL which is just boosters paying athletes in lieu of the schools doing so.