NIL questions

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spellingbee

Flats Noob
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Aug 10, 2002
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I'm not going to lament what the NIL has done to what was amateur athletics. IIWII, and I still bleed white and gold.
However, if any of you are more knowledgeable than I am (probably most of you) could you explain a few things related to NIL.

1. I just learned for certain that, when you hear a figure such as Josh Petty's 800K, it is an annual payout. Can a school and a player sign a multi-year agreement or is an agreement, like the standard scholarship offer, just for one year?

2. Who do players actually sign with? Who guarantees the money? The institute? GTAA? The Tech Way? Are there any stipulations for the player in these contracts other than show up and play?

3. Is all the money linked somehow to the use of name, image, likeness? Seems that a lot of the money is just pay for play.

4. How does academic performance factor into agreements and payouts?

5. Geeez that's a lot of money for 18, 19 years old kids to make! Does the institute provide any guidance as to how to manage it, what tax implications will arise, or how to use it as a foundation for the future? Sounds like Petty's father has financial competence and could be a great resource for him, but not all players have that?

Thanks for reading. I hope a few of you can chime in.
 
All great questions. I am embarassingly ignorant on the subject.
 
00Burdell said:
All great questions. I am embarassingly ignorant on the subject.
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Unfortunately I think most are. It's very secretive and misinformation/speculation tends to fill the void, starting with on3 which literally just makes up "NIL values" for players.
 
spellingbee said:
I'm not going to lament what the NIL has done to what was amateur athletics. IIWII, and I still bleed white and gold.
However, if any of you are more knowledgeable than I am (probably most of you) could you explain a few things related to NIL.

1. I just learned for certain that, when you hear a figure such as Josh Petty's 800K, it is an annual payout. Can a school and a player sign a multi-year agreement or is an agreement, like the standard scholarship offer, just for one year?

2. Who do players actually sign with? Who guarantees the money? The institute? GTAA? The Tech Way? Are there any stipulations for the player in these contracts other than show up and play?

3. Is all the money linked somehow to the use of name, image, likeness? Seems that a lot of the money is just pay for play.

4. How does academic performance factor into agreements and payouts?

5. Geeez that's a lot of money for 18, 19 years old kids to make! Does the institute provide any guidance as to how to manage it, what tax implications will arise, or how to use it as a foundation for the future? Sounds like Petty's father has financial competence and could be a great resource for him, but not all players have that?

Thanks for reading. I hope a few of you can chime in.
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Yes
 
You want to play, you got to pay. 100K of us donating $10.99 per month yields over $13M/y. Give up a few latte's every month and make it happen.
 
By law I don’t think they can be required to sign contracts on the nil agreements, maybe it’s happening anyway, who knows?
 
Less than .01% of Americans would be able to answer your questions exactly right.

That is a problem.
 
Darian Mensah, Tulane QB who transferred to Duke has a reported $8,000,000 deal with the Devil(s) over two seasons. So, the multi-year deal is permissible. The money for these deals is most typically between the player and the collective. For us, that is the Tech Way. It is ostensibly an NIL deal, but in actuality it is pay for play. The gray area includes is the agreement contractural in a legally binding way and what recourse and reimbursement is available should the collective or player not live up to the agreement. Lawyers are going to make a lot of money arguing this.
 
If I am the star QB with huge NIL deal and I get injured via a called targeting hit which ruins my season / draft and NIL income stream-can I sue the hitter to recover NIL damages or did I have to sign a waiver at recruitment ?
 
wishbone said:
If I am the star QB with huge NIL deal and I get injured via a called targeting hit which ruins my season / draft and NIL income stream-can I sue the hitter to recover NIL damages or did I have to sign a waiver at recruitment ?
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Anyone can sue for anything. Will you win anything? Gotta go in front of the judge to determine that. :dunno:
 
gtleviathan said:
Anyone can sue for anything. Will you win anything? Gotta go in front of the judge to determine that. :dunno:
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Sure, anyone can sue, but Athletic departments now recruit with program NIL offerings and linked booster solicitations. Do they have to have recruits sign indemnification clauses for loss of income? Are Athletic departments having to add legal staff in addition to compliance professionals to field a football team?
 
wishbone said:
Sure, anyone can sue, but Athletic departments now recruit with program NIL offerings and linked booster solicitations. Do they have to have recruits sign indemnification clauses for loss of income? Are Athletic departments having to add legal staff in addition to compliance professionals to field a football team?
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If our athletic department doesn't have a legal staff on call, I'll start the petition to remove J Batt from his position. :bigthumbup:
 
wishbone said:
If I am the star QB with huge NIL deal and I get injured via a called targeting hit which ruins my season / draft and NIL income stream-can I sue the hitter to recover NIL damages or did I have to sign a waiver at recruitment ?
Click to expand...

Once a player signs a contract, the typical next step is to buy an insurance policy in case an unforeseen injury happens. If the family has money and the kid hasn't signed yet but is projected, lots of times the family will take out a policy anyway.

This is especially true of pro draft stock, usually called draft protection or loss of value insurance.
 

End of College Football​


The end of college football is widely regarded as one of the most significant turning points in American sports history. Once a cultural mainstay and a billion-dollar enterprise, the sport ultimately unraveled due to a combination of escalating financial pressures, the introduction of Name, Image, and Likeness (NIL) rules, and a steady decline in fan engagement.

Financial Pressures and NIL Era

The commercialization of college football reached unprecedented heights in the early 21st century, with massive media deals, conference realignment, and growing disparities between programs.

The introduction of NIL rules allowed student-athletes to profit from endorsements and personal branding, dramatically shifting the landscape. While intended to address fairness and compensate players, the NIL era led to vast imbalances in team resources and recruiting, eroding the traditional sense of amateurism and team cohesion. Programs with the deepest pockets dominated, while others struggled to keep up, leading to instability and dissatisfaction across the sport.


Waning Fan Interest

As money increasingly dictated outcomes and player movement became rampant through the transfer portal, many fans grew disillusioned. The sense of tradition and regional loyalty that once defined college football faded, replaced by perceptions of a semi-professional, transactional system. Attendance and viewership steadily declined, and the sport’s cultural relevance diminished.


The Final Game: Georgia Tech vs. Georgia

The last college football game ever played was the storied rivalry between Georgia Tech and Georgia. In a dramatic finale, Georgia Tech defeated Georgia, marking a poetic end to the sport. The game was fiercely contested, with Georgia Tech outgaining Georgia and ultimately prevailing despite late-game drama. This historic matchup, once a highlight of the college football calendar, became the sport’s swan song—a fitting close to an era defined by both tradition and upheaval.


Legacy

The demise of college football is now studied as a cautionary tale about the consequences of unchecked commercialization and the challenges of balancing athlete rights with the preservation of sporting culture. The sport’s end left a void in American life, but also sparked ongoing debates about the future of amateur athletics and the role of money in sports.
 
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