GTJackets530
Damn Good Rat
- Joined
- Feb 1, 2008
- Messages
- 1,382
That's some impressive goalpost moving. Would love to hear why Arch "can't spend" his six figure NIL money he earned.1) An NFT deal paid out of 12 installments (no time period given), tied to revenue share of selling the NFTs. Is the $1M guaranteed? Does he get the money if they don't sell any NFTs? CEO comment didn't say jack about the financial arrangement.
2) Auction of a playing card given to charity. One shot deal, and the player can't spend it.
3) Athletic article is over 18 months old. Can only read the beginning of the Athletic articles (paywalled), but if you click through their link regarding the $8M deal you see that it pays "up to" that amount. Player to receive $350K "almost immediately" then payments after his career starts. What does he get if he sits on the bench? Of course, everyone runs around screaming $8M!!!
Lots of smoke and marketing.
Here's more details from the Athletic article for you. Looking forward to hearing why these don't count either.
"A four-star receiver landed a deal that will pay him more than $1 million over the next four years in exchange for his exclusive NIL rights. A defensive lineman ranked among the top 10 at his position received a three-year deal worth $1 million. And a three-star defensive lineman signed for $500,000 over four years. The latter two are non-exclusive."