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University of Miami NIL deal pays $6000 to all 90 players
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EarthBoundMisfit Offline
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Post: #1
University of Miami NIL deal pays $6000 to all 90 players
offered by MMA training academy Top Team.
That slippery slope just got real.

https://thespun.com/acc/miami-fl/college...il-players
(This post was last modified: 07-07-2021 06:55 AM by EarthBoundMisfit.)
07-07-2021 06:54 AM
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tnzazz Offline
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University of Miami NIL deal pays $6000 to all 90 players
Yep


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07-07-2021 07:13 AM
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TIGERCITY Online
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RE: University of Miami NIL deal pays $6000 to all 90 players
Until this all settles out some "G5 schools" with big boosters should see this as a window of opportunity to jump in now - get some recruits that were previously unavailable and start playing some upper tier football and basketball. I can see a school like Houston (or rather Houston's boosters) taking advantage.
Edit - unless Texas law prohibits it. Understand Texas passed a name image likeness law that went into effect July 1. Don't know what that says but I know Tennessee's does not go into effect until January 1 2022. That is, there's nothing to prohibit this in Tennessee at this time.
(This post was last modified: 07-07-2021 07:26 AM by TIGERCITY.)
07-07-2021 07:14 AM
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Stammers Online
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RE: University of Miami NIL deal pays $6000 to all 90 players
And we are off to the races. Given that schools will pay football and basketball players, the initial bar has been set at $612,000. Miami also isn't saying specifically that they won't pay star players and recruits more than the $6,000. This also doesn't include players doing individual deals. This also doesn't include deep pocketed boosters coming out of the woodwork and throwing boatloads of money at players.

Miami will draw from its $30 million payout from its tv contract and the $18 million or so in donations they receive every year. We make $8 million per year on our tv contract and do around $9 million per year in donations. Anyone who thinks this whole NIL thing is good for us is 01-wingedeagle
(This post was last modified: 07-07-2021 07:28 AM by Stammers.)
07-07-2021 07:24 AM
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cmt Offline
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RE: University of Miami NIL deal pays $6000 to all 90 players
Didn't take a month. NCAA is as stupid as stupid can be.
07-07-2021 07:40 AM
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TIGERCITY Online
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RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 07:40 AM)cmt Wrote:  Didn't take a month. NCAA is as stupid as stupid can be.

Or just very negligent. I mean who didn't see the scenario playing out where a booster comes in and gives a monthly stipend if you play for their favorite team. The ncaa had nothing to offer when their house of cards came tumbling down.
07-07-2021 07:47 AM
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Tigerx3 Offline
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RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 07:40 AM)cmt Wrote:  Didn't take a month. NCAA is as stupid as stupid can be.

Can’t blame the NCAA solely. The courts have and will be active.
07-07-2021 07:48 AM
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aardWolf Online
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RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 07:24 AM)Stammers Wrote:  And we are off to the races. Given that schools will pay football and basketball players, the initial bar has been set at $612,000. Miami also isn't saying specifically that they won't pay star players and recruits more than the $6,000. This also doesn't include players doing individual deals. This also doesn't include deep pocketed boosters coming out of the woodwork and throwing boatloads of money at players.

Miami will draw from its $30 million payout from its tv contract and the $18 million or so in donations they receive every year. We make $8 million per year on our tv contract and do around $9 million per year in donations. Anyone who thinks this whole NIL thing is good for us is 01-wingedeagle

The way that I understand NIL, the University itself isn't allowed to pay the players that money. It has to come from an outside source. That's why the MMA company paid the players, not the University of Miami. That $30 + $18 million still goes to the school, unless boosters redirect their $18 million.
07-07-2021 07:49 AM
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TIGERCITY Online
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RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 07:48 AM)Tigerx3 Wrote:  
(07-07-2021 07:40 AM)cmt Wrote:  Didn't take a month. NCAA is as stupid as stupid can be.

Can’t blame the NCAA solely. The courts have and will be active.

Justice Kavanaugh awaits
07-07-2021 07:50 AM
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tigertaylor Offline
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RE: University of Miami NIL deal pays $6000 to all 90 players
from the espn article....

Lambert said he has had multiple conversations with the school's compliance department to tell them about his plans. He also has hired attorney Darren Heitner to make sure what he was doing didn't violate new state laws.

"There are improper ways of fans supporting their players, and now there is a legal way to do it," Lambert said. "And if there is a legal way, and you can dot the I's and cross the T's, I'm going to do it."

Heitner helped craft Florida's new name, image and likeness law and has consulted with several athletes and businesses looking to use college athlete endorsers. He told ESPN that Lambert's fanhood and previous donations that he has made to the athletic department do not prevent him from creating a company that facilitates endorsement deals for Hurricanes players.

Heitner said Florida's law only prohibits an entity that has directly supported the university or the athletic department from paying or facilitating these deals. Lambert's new corporation has no relationship with the university.

"There's no prohibition on an entity who may have a booster as a member," Heitner said. "The only restriction is if the entity itself supports the institution or the athletic department."

Many of the state laws currently in place have similar language addressing booster involvement. The NCAA rules, which dictate what is allowed in the 30-plus states that don't have NIL laws in place, also have no restrictions that would make an effort like Lambert's against the rules.

Lambert said he has already had several inquiries about Bring Back The U from other local businesses since launching his new fundraising company on Tuesday morning. He does not have any plans set in stone yet for their fundraising event, but he said every dollar they make will eventually land in the hands of a Miami football player.

"I'm not looking to profit from this," Lambert said. "I want to try to bring people together and make our team better. I've got too many Gator and Seminole friends that have been s----ing on me for the last 20 years. I want to reverse it."

So all Penny had to do was create a company and the company gives the $11,500 to Wiseman's mom? Wow!
07-07-2021 08:17 AM
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RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 07:49 AM)aardWolf Wrote:  
(07-07-2021 07:24 AM)Stammers Wrote:  And we are off to the races. Given that schools will pay football and basketball players, the initial bar has been set at $612,000. Miami also isn't saying specifically that they won't pay star players and recruits more than the $6,000. This also doesn't include players doing individual deals. This also doesn't include deep pocketed boosters coming out of the woodwork and throwing boatloads of money at players.

Miami will draw from its $30 million payout from its tv contract and the $18 million or so in donations they receive every year. We make $8 million per year on our tv contract and do around $9 million per year in donations. Anyone who thinks this whole NIL thing is good for us is 01-wingedeagle

The way that I understand NIL, the University itself isn't allowed to pay the players that money. It has to come from an outside source. That's why the MMA company paid the players, not the University of Miami. That $30 + $18 million still goes to the school, unless boosters redirect their $18 million.

You’re 100% correct. The NIL money is not coming from the schools. People keep getting this confused. Also, the new NIL law allows schools like Memphis to have sponsorship of players…aka players that are paid. We all know the big P5 schools were already doing this and not being punished. See Duke and Zion Williamson. While G5 schools get scalded for any little infraction. See Memphis and James Wiseman. Now, the NCAA is no longer allowed to enforce its double standard, as Schools like Memphis and their sponsors can do exactly what the P5 schools have been allowed to do all along.
(This post was last modified: 07-07-2021 08:20 AM by BIGDTiger.)
07-07-2021 08:18 AM
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Tigers2B1 Offline
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Post: #12
RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 07:14 AM)TIGERCITY Wrote:  Until this all settles out some "G5 schools" with big boosters should see this as a window of opportunity to jump in now - get some recruits that were previously unavailable and start playing some upper tier football and basketball. I can see a school like Houston (or rather Houston's boosters) taking advantage.
Edit - unless Texas law prohibits it. Understand Texas passed a name image likeness law that went into effect July 1. Don't know what that says but I know Tennessee's does not go into effect until January 1 2022. That is, there's nothing to prohibit this in Tennessee at this time.

If SMU boosters still care about football and basketball there's certainly a lot of money there.
07-07-2021 08:31 AM
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Claw Offline
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RE: University of Miami NIL deal pays $6000 to all 90 players
I have a plan.

We need a large tax outfit in place to help all these kids who don't pay their taxes right - and a donor to pay their IRS bill.

We have to wait a year but then we will be ready to pick from a large pool.
07-07-2021 08:31 AM
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Eagleonpar Offline
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RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 08:31 AM)Tigers2B1 Wrote:  
(07-07-2021 07:14 AM)TIGERCITY Wrote:  Until this all settles out some "G5 schools" with big boosters should see this as a window of opportunity to jump in now - get some recruits that were previously unavailable and start playing some upper tier football and basketball. I can see a school like Houston (or rather Houston's boosters) taking advantage.
Edit - unless Texas law prohibits it. Understand Texas passed a name image likeness law that went into effect July 1. Don't know what that says but I know Tennessee's does not go into effect until January 1 2022. That is, there's nothing to prohibit this in Tennessee at this time.

If SMU boosters still care about football and basketball there's certainly a lot of money there.



I think all those guys are dead. What was the main guys name? Sherwood Blount ?
07-07-2021 08:32 AM
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Tigers2B1 Offline
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RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 08:32 AM)Eagleonpar Wrote:  
(07-07-2021 08:31 AM)Tigers2B1 Wrote:  
(07-07-2021 07:14 AM)TIGERCITY Wrote:  Until this all settles out some "G5 schools" with big boosters should see this as a window of opportunity to jump in now - get some recruits that were previously unavailable and start playing some upper tier football and basketball. I can see a school like Houston (or rather Houston's boosters) taking advantage.
Edit - unless Texas law prohibits it. Understand Texas passed a name image likeness law that went into effect July 1. Don't know what that says but I know Tennessee's does not go into effect until January 1 2022. That is, there's nothing to prohibit this in Tennessee at this time.

If SMU boosters still care about football and basketball there's certainly a lot of money there.



I think all those guys are dead. What was the main guys name? Sherwood Blount ?

SMU has a 2 billion dollar endowment. Surely SMU has some rich boosters who care about football. I mean they are located in Texas:-)
(This post was last modified: 07-07-2021 08:49 AM by Tigers2B1.)
07-07-2021 08:46 AM
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macgar32 Online
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RE: University of Miami NIL deal pays $6000 to all 90 players
Lol...

Anyone who didn't see this coming was paying attention.

Instead of buying players with no benefit...Now I get to buy players as a tax writeoff in my business. Win-Win for boosters. Lowers my taxable income much more than a donation to the school...Heck I think it would be a $ for $ tax benefit.

For the whales who will take advantage of this...They are essentially only donating 63 cents on the dollar.
(This post was last modified: 07-07-2021 08:51 AM by macgar32.)
07-07-2021 08:49 AM
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RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 07:49 AM)aardWolf Wrote:  
(07-07-2021 07:24 AM)Stammers Wrote:  And we are off to the races. Given that schools will pay football and basketball players, the initial bar has been set at $612,000. Miami also isn't saying specifically that they won't pay star players and recruits more than the $6,000. This also doesn't include players doing individual deals. This also doesn't include deep pocketed boosters coming out of the woodwork and throwing boatloads of money at players.

Miami will draw from its $30 million payout from its tv contract and the $18 million or so in donations they receive every year. We make $8 million per year on our tv contract and do around $9 million per year in donations. Anyone who thinks this whole NIL thing is good for us is 01-wingedeagle

The way that I understand NIL, the University itself isn't allowed to pay the players that money. It has to come from an outside source. That's why the MMA company paid the players, not the University of Miami. That $30 + $18 million still goes to the school, unless boosters redirect their $18 million.

First off, I'm not saying players don't deserve some compensation.

If it's being paid directly to the players, it's not going to the school. Also, Anything that allows more money to be directed anywhere is no good for us. We are at a huge disadvantage as things are. This will make it exponentially worse.
07-07-2021 09:09 AM
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Stammers Online
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RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 08:49 AM)macgar32 Wrote:  Lol...

Anyone who didn't see this coming was paying attention.

Instead of buying players with no benefit...Now I get to buy players as a tax writeoff in my business. Win-Win for boosters. Lowers my taxable income much more than a donation to the school...Heck I think it would be a $ for $ tax benefit.

For the whales who will take advantage of this...They are essentially only donating 63 cents on the dollar.
07-07-2021 09:10 AM
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Stammers Online
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RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 08:18 AM)BIGDTiger Wrote:  
(07-07-2021 07:49 AM)aardWolf Wrote:  
(07-07-2021 07:24 AM)Stammers Wrote:  And we are off to the races. Given that schools will pay football and basketball players, the initial bar has been set at $612,000. Miami also isn't saying specifically that they won't pay star players and recruits more than the $6,000. This also doesn't include players doing individual deals. This also doesn't include deep pocketed boosters coming out of the woodwork and throwing boatloads of money at players.

Miami will draw from its $30 million payout from its tv contract and the $18 million or so in donations they receive every year. We make $8 million per year on our tv contract and do around $9 million per year in donations. Anyone who thinks this whole NIL thing is good for us is 01-wingedeagle

The way that I understand NIL, the University itself isn't allowed to pay the players that money. It has to come from an outside source. That's why the MMA company paid the players, not the University of Miami. That $30 + $18 million still goes to the school, unless boosters redirect their $18 million.

You’re 100% correct. The NIL money is not coming from the schools. People keep getting this confused. Also, the new NIL law allows schools like Memphis to have sponsorship of players…aka players that are paid. We all know the big P5 schools were already doing this and not being punished. See Duke and Zion Williamson. While G5 schools get scalded for any little infraction. See Memphis and James Wiseman. Now, the NCAA is no longer allowed to enforce its double standard, as Schools like Memphis and their sponsors can do exactly what the P5 schools have been allowed to do all along.

You are confused. Joe Blow booster has $10,000 year to spend on some form of Memphis athletics. Previously, he would donate $10,000 to the school. Now he will donate $5,000 to the school and will sponsor/pay athletes $5,000. The net benefit to the school is now $5,000 and not $10,000.

Quote:Schools like Memphis and their sponsors can do exactly what the P5 schools have been allowed to do all along.

40 schools have in excess of $100 million in revenues; and have boosters with tens of millions more money, who have only been held back by NCAA regulations from going crazy. Now they can spend as much money as they want.

We are at $55 million and squeezing every single dollar out of our fanbase to reach that amount. It's simple math and common sense, so don't worry about it.
07-07-2021 09:15 AM
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Tiger87 Online
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Post: #20
RE: University of Miami NIL deal pays $6000 to all 90 players
(07-07-2021 08:46 AM)Tigers2B1 Wrote:  
(07-07-2021 08:32 AM)Eagleonpar Wrote:  
(07-07-2021 08:31 AM)Tigers2B1 Wrote:  
(07-07-2021 07:14 AM)TIGERCITY Wrote:  Until this all settles out some "G5 schools" with big boosters should see this as a window of opportunity to jump in now - get some recruits that were previously unavailable and start playing some upper tier football and basketball. I can see a school like Houston (or rather Houston's boosters) taking advantage.
Edit - unless Texas law prohibits it. Understand Texas passed a name image likeness law that went into effect July 1. Don't know what that says but I know Tennessee's does not go into effect until January 1 2022. That is, there's nothing to prohibit this in Tennessee at this time.

If SMU boosters still care about football and basketball there's certainly a lot of money there.



I think all those guys are dead. What was the main guys name? Sherwood Blount ?

SMU has a 2 billion dollar endowment. Surely SMU has some rich boosters who care about football. I mean they are located in Texas:-)

Another thread where we talk about SMU and football boosters? What's the obsession?
07-07-2021 09:16 AM
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