Good source to make sense of NIL and NCAA proposal for a $30k trust account
Jan 7, 2024 12:18:17 GMT -8
Post by bill82 on Jan 7, 2024 12:18:17 GMT -8
I've been poking around to figure out how NIL is working across all sports. I came across this source on LinkedIn. Here is an excerpt from his post on NIL and the "Trust Proposal":
"If you're a Top 25 Power 5 Running Back, you're estimated to earn $258,059 annually in NIL money. (Source, Opendorse NIL Books) It is more than likely that $206,447 (80%) of that money is coming from your collective and the remaining $51,611 (20%) is earned through various commercial segments, such as brand or fan deals. Now if you're a school that was just granted the ability to (A) offer a +$30,000/year trust fund and (B) offer uncapped NIL $ to this athlete, you will likely need to consider the following...
Can we give the athlete $30,000 via the trust fund and then find $170,000 worth of NIL $ for him via the athletic department?
For Title IX compliance, is there a female athlete who we can/should pay $200,000 to too?
What do we need to reallocate in our budget to make room for a collective budget and a trust fund budget?
Do we consider bringing our collective staff in-house to manage NIL deals or do we keep them separate from the school?
Do we even have marketing initiatives worthy of compensating athletes for?
The schools will make the ultimate first move here, either by going in-house and excommunicating their collective or by handling partial to no NIL dollars in-house and doubling-down on the collective as the avenue for athlete payments. Once that decision is made, the collectives will react.
You can follow this self-described data nerd on X at @bralykeller
"If you're a Top 25 Power 5 Running Back, you're estimated to earn $258,059 annually in NIL money. (Source, Opendorse NIL Books) It is more than likely that $206,447 (80%) of that money is coming from your collective and the remaining $51,611 (20%) is earned through various commercial segments, such as brand or fan deals. Now if you're a school that was just granted the ability to (A) offer a +$30,000/year trust fund and (B) offer uncapped NIL $ to this athlete, you will likely need to consider the following...
Can we give the athlete $30,000 via the trust fund and then find $170,000 worth of NIL $ for him via the athletic department?
For Title IX compliance, is there a female athlete who we can/should pay $200,000 to too?
What do we need to reallocate in our budget to make room for a collective budget and a trust fund budget?
Do we consider bringing our collective staff in-house to manage NIL deals or do we keep them separate from the school?
Do we even have marketing initiatives worthy of compensating athletes for?
The schools will make the ultimate first move here, either by going in-house and excommunicating their collective or by handling partial to no NIL dollars in-house and doubling-down on the collective as the avenue for athlete payments. Once that decision is made, the collectives will react.
You can follow this self-described data nerd on X at @bralykeller