$8 million deal

[cyptomcat]

On Friday, a five-star recruit in the Class of 2023 signed an agreement with a school’s NIL collective that could pay him more than $8 million by the end of his junior year of college, The Athletic has learned. He’ll be paid $350,000 almost immediately, followed by monthly payouts escalating to more than $2 million per year once he begins his college career, in exchange for making public appearances and taking part in social media promotions and other NIL activities “on behalf of (the collective) or a third party.”

Lawyer Mike Caspino, who drafted the contract, allowed The Athletic to review and verify the contract in exchange for keeping the player and collectives’ identities anonymous. It provides a window into how donor-driven third parties tied to specific schools operate.

Five-star recruit in Class of 2023 signs agreement with collective that could pay him more than $8 million

Two NIL experts The Athletic spoke to believe this deal is the largest individual NIL deal signed by a non-professional athlete.

theathletic.com

 

[JoeCakeEater]

Nucking Futs

 

[Skydog]

pro sport

 

[ee8384]

ACL incoming

 

[BrentwoodJacket]

ACL incoming

Under the NIL rules he should still get paid.

 

[ee8384]

Under the NIL rules he should still get paid.

If that's true then whoever signed the other signed the contract is an idiot. There has to be a set of out clauses.

 

[StraightFresh]

There's way too much money sloshing around if anyone is paying $2M for a college football prospect

 

[coit]

There's way too much money sloshing around if anyone is paying $2M for a college football prospect

$8M

 

[BrentwoodJacket]

If that's true then whoever signed the other signed the contract is an idiot. There has to be a set of out clauses.

My understanding is the NIL cannot be contingent on performance on the field.

 

[WracerX]

My understanding is the NIL cannot be contingent on performance on the field.

Easy enough to put a renewal clause there.

 

[gtg970g]

My understanding is the NIL cannot be contingent on performance on the field.

But it could be contingent on showing up for promotional events, photo shoots, etc.

 

[BrentwoodJacket]

But it could be contingent on showing up for promotional events, photo shoots, etc.

Supposedly that is what they are being compensated for under this charade.

 

[BigDanT]

That’s about it I guess.
\collegefootball

 

[MACHETE]

CFB is fuked. More specifically, GT football is fuked.

 

[wishbone]

... remember when cut blocking 'leveled'[ the field?

 

[McG]

Where is the Georgia Tech NIL Collective?

Tracker: University-Specific NIL Collectives

Check out the collectives being founded by alumni and boosters to help student athletes at specific schools land NIL deals.

businessofcollegesports.com

 

[CarsonNewmanJacket]

$8 million is more than half of NFL players make… good lord

 

[CarsonNewmanJacket]

Where is the Georgia Tech NIL Collective?

Tracker: University-Specific NIL Collectives

Check out the collectives being founded by alumni and boosters to help student athletes at specific schools land NIL deals.

businessofcollegesports.com

That’s an oxymoron

 

[Diseqc]

 

[GTWannaBee]

I just can’t imagine having so much money that I would choose to spend $8 million of it to ensure a kid (he’s still a junior in high school) would play football for the team I root for. That’s just insane to me given all of the charities and causes that are begging for money right now. This has definitely gotten out of hand.