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Topic:  New version of NIL deal

Topic:  New version of NIL deal
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giacomo
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Member Since: 11/20/2007
Post Count: 2,623

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  Message Not Read  New version of NIL deal
   Posted: 8/5/2022 8:36:41 AM 
I recently read an article that said a former pro player has formed an agency and the business model goes something like this:

Identify future pro players and give them money up front, say 1M a year, and they must agree to pay it back, plus a lot more, from future earnings. However, they don’t owe the money back if they don’t make it in the pros or decide to sell cars for a living.

I’ll find out more.
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rpbobcat
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Member Since: 4/28/2006
Location: Rochelle Park, NJ
Post Count: 3,503

Status: Offline
  Message Not Read  RE: New version of NIL deal
   Posted: 8/5/2022 9:36:19 AM 
giacomo wrote:
I recently read an article that said a former pro player has formed an agency and the business model goes something like this:

Identify future pro players and give them money up front, say 1M a year, and they must agree to pay it back, plus a lot more, from future earnings. However, they don’t owe the money back if they don’t make it in the pros or decide to sell cars for a living.

I’ll find out more.


Either Real Sports or 60 Minutes (don't remember which) did a story about this, last year I think.

The story made it sound like it was a really good deal for all parties.

Of course, as they say "the devil is in the details".
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giacomo
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Member Since: 11/20/2007
Post Count: 2,623

Status: Offline
  Message Not Read  RE: New version of NIL deal
   Posted: 8/5/2022 7:00:31 PM 
I think it will be like a technology private equity fund. Investors throw money into the hat and somebody is deciding who has the brightest futures. Maybe they get 2 or 3 out of 10 players that are successful.
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