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W&M NIL Collective
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Old tribe Offline
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W&M NIL Collective
A lot of people on this board like to talk about and complain about recruiting. Well, I think it's time for W&M basketball supporters to take some action on this front. As I'm sure many of you know, with the change in NIL rules college athletes are now able to monetize their NILs. This means that college athletes can be paid for a wide range of activities, including endorsing products, making appearances, signing autographs, appearing on podcasts, and many other things.

In order to help athletes at a school obtain these types of deals, new entities called collectives are being formed for most Division I schools. They are not technically affiliated with the school, but they are formed by alumni and boosters who want to support their school's athletes. Collectives perform two functions. One, they go out into the business community and find businesses that want to do deals with athletes. Two, they actually sign athletes to NIL deals themselves. They do this by pooling donor funds, either through big donations from a few boosters or by crowdsourcing money from fans all over the country/world through monthly subscriptions.

W&M needs an NIL collective if it wants to have any hope of remaining competitive in recruiting and keeping guys at W&M. In fact, I think W&M could have an advantage over many other mid-major schools based on the financial resources that alumni have. I'm an attorney and work in the college athletics space and have represented a number of collectives and other related organizations. I want to get a W&M collective formed and operating. Who wants to be part of this? Send me a private message if you're interested.
04-08-2022 10:17 AM
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TribeFan1983 Offline
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RE: W&M NIL Collective
(04-08-2022 10:17 AM)Old tribe Wrote:  A lot of people on this board like to talk about and complain about recruiting. Well, I think it's time for W&M basketball supporters to take some action on this front. As I'm sure many of you know, with the change in NIL rules college athletes are now able to monetize their NILs. This means that college athletes can be paid for a wide range of activities, including endorsing products, making appearances, signing autographs, appearing on podcasts, and many other things.

In order to help athletes at a school obtain these types of deals, new entities called collectives are being formed for most Division I schools. They are not technically affiliated with the school, but they are formed by alumni and boosters who want to support their school's athletes. Collectives perform two functions. One, they go out into the business community and find businesses that want to do deals with athletes. Two, they actually sign athletes to NIL deals themselves. They do this by pooling donor funds, either through big donations from a few boosters or by crowdsourcing money from fans all over the country/world through monthly subscriptions.

W&M needs an NIL collective if it wants to have any hope of remaining competitive in recruiting and keeping guys at W&M. In fact, I think W&M could have an advantage over many other mid-major schools based on the financial resources that alumni have. I'm an attorney and work in the college athletics space and have represented a number of collectives and other related organizations. I want to get a W&M collective formed and operating. Who wants to be part of this? Send me a private message if you're interested.

There is pending legislation in VA to define an athlete's right to monetize NIL:

https://www.virginiamercury.com/2022/03/...-governor/

It would be great to get ahead of the other VA schools on this one.
04-08-2022 01:54 PM
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Old tribe Offline
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RE: W&M NIL Collective
(04-08-2022 01:54 PM)TribeFan1983 Wrote:  
(04-08-2022 10:17 AM)Old tribe Wrote:  A lot of people on this board like to talk about and complain about recruiting. Well, I think it's time for W&M basketball supporters to take some action on this front. As I'm sure many of you know, with the change in NIL rules college athletes are now able to monetize their NILs. This means that college athletes can be paid for a wide range of activities, including endorsing products, making appearances, signing autographs, appearing on podcasts, and many other things.

In order to help athletes at a school obtain these types of deals, new entities called collectives are being formed for most Division I schools. They are not technically affiliated with the school, but they are formed by alumni and boosters who want to support their school's athletes. Collectives perform two functions. One, they go out into the business community and find businesses that want to do deals with athletes. Two, they actually sign athletes to NIL deals themselves. They do this by pooling donor funds, either through big donations from a few boosters or by crowdsourcing money from fans all over the country/world through monthly subscriptions.

W&M needs an NIL collective if it wants to have any hope of remaining competitive in recruiting and keeping guys at W&M. In fact, I think W&M could have an advantage over many other mid-major schools based on the financial resources that alumni have. I'm an attorney and work in the college athletics space and have represented a number of collectives and other related organizations. I want to get a W&M collective formed and operating. Who wants to be part of this? Send me a private message if you're interested.

There is pending legislation in VA to define an athlete's right to monetize NIL:

https://www.virginiamercury.com/2022/03/...-governor/

It would be great to get ahead of the other VA schools on this one.

Correct, but this bill doesn't need to be signed into law for athletes in VA to monetize their NILs. NCAA rules already allow it. Just need to follow any additional restrictions in the VA law and school NIL policies, which are easy to follow.
04-08-2022 02:45 PM
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TDenverFan Offline
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RE: W&M NIL Collective
What exactly are you looking for from this? Like people who own businesses (or have enough sway) to use money to get Tribe players to advertise their stuff?

I agree it's a good idea and would be interested in being involved, but I'm not sure if there's a more layman's route available.
04-11-2022 01:35 PM
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nj alum Offline
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RE: W&M NIL Collective
I think this is what the OP is suggesting:

https://dash.inflcr.com/exchange/purdue-university
04-12-2022 07:13 PM
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Old tribe Offline
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RE: W&M NIL Collective
(04-11-2022 01:35 PM)TDenverFan Wrote:  What exactly are you looking for from this? Like people who own businesses (or have enough sway) to use money to get Tribe players to advertise their stuff?

I agree it's a good idea and would be interested in being involved, but I'm not sure if there's a more layman's route available.

There are a few things a collective would do.

1. Yes, it would seek to partner businesses with W&M athletes to help W&M athletes obtain NIL deals. The athletes could promote the businesses on social media, make appearances to help promote the businesses, etc.

2. The collective would also have a subscription service, where fans would pay certain amounts of money per month to be members. In return, members receive benefits such as access to events with athletes, personalized gifts, etc. The money raised through the subscription service is used to compensate the athletes for their time. Athletes get paid to connect with fans, which helps them monetarily, but also could lead to connections that will help after school. At a place like W&M, there's a question of how much money could be raised but it only takes a few big subscription amounts to get a sizable amount of money into the collective.

Having a collective is very helpful for recruiting. It allows coaches to point to the collective and say if you come here this group might have some deals for you once you're on campus. Three new collectives for VA Tech were just announced today. Most collectives have so far been at the P5 level, but there are a number of other schools that have them and they are going to continue to spread.
04-14-2022 11:37 AM
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Tribal Offline
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W&M NIL Collective
Alabama's Nick Saban: CFB Is Not 'Sustainable' with Transfer Portal, NIL Contracts


https://bleacherreport.com/articles/1003...-contracts


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(This post was last modified: 04-14-2022 07:38 PM by Tribal.)
04-14-2022 07:38 PM
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WMInTheBurg Offline
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RE: W&M NIL Collective
(04-14-2022 07:38 PM)Tribal Wrote:  Alabama's Nick Saban: CFB Is Not 'Sustainable' with Transfer Portal, NIL Contracts

https://bleacherreport.com/articles/1003...-contracts

Sent from my iPhone using Tapatalk

Reworded: Alabama annual preseason #1 not sustainable with transfer portal, NIL contracts.

Seems like coaches these days don't want to work hard. Back in my day successful coaches worked harder than everyone else, now they just whine when it gets harder.
(This post was last modified: 04-15-2022 09:30 AM by WMInTheBurg.)
04-15-2022 09:28 AM
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DSL Offline
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RE: W&M NIL Collective
The Daily Press today discusses VA Tech's aggressive efforts on behalf of athletes to make connections for NIL deals.

The article also mentions that VT will pay athletes for academic progress based on
the Supreme Court case of Alston v. NCAA. Does anyone have more knowledge about this? How will W&M ever keep up with all of these financial resources? We pay for scholarships and now we have to pay for passing your classes?
04-15-2022 09:48 AM
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Old tribe Offline
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RE: W&M NIL Collective
(04-15-2022 09:48 AM)DSL Wrote:  The Daily Press today discusses VA Tech's aggressive efforts on behalf of athletes to make connections for NIL deals.

The article also mentions that VT will pay athletes for academic progress based on
the Supreme Court case of Alston v. NCAA. Does anyone have more knowledge about this? How will W&M ever keep up with all of these financial resources? We pay for scholarships and now we have to pay for passing your classes?

Regarding the Alston payments, as a result of the district court decision in that case (and the 9th Circuit and Supreme Court affirming the decision) schools are now allowed to pay athletes up to $5980 per year as academic/graduation awards and incentives. Schools can set the criteria for earning the money. Some schools are paying any athlete who remains eligible. Some are putting stricter requirements in place. Minimum GPA requirements for example.

The amount of money schools are going to have to pay athletes if they wish to remain in Division I (and remain competitive) is only going to continue to increase. Athletes as employees will be here soon, either via a court decision or a decision from the National Labor Relations Board.

There is also likely going to be contraction at the Division I level. That process is happening now with the NCAA transformation committee. The disparity in financial resources at the Division I level is so big. The schools with the money want to be able to spend it, the schools without the money want to keep the schools with the money from spending it. So the schools with money are either going to be in a new Division or will leave and form their own governing entities by sport. A college football association and a college basketball association, for example.

W&M needs to decide if it wants to try and have a few sports stay with the big dogs (men's and women's basketball) or just drop out of the race completely.
04-15-2022 11:24 AM
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RE: W&M NIL Collective
(04-15-2022 11:24 AM)Old tribe Wrote:  W&M needs to decide if it wants to try and have a few sports stay with the big dogs (men's and women's basketball) or just drop out of the race completely.

That's a no-brainer, at least for the long term. This is where we see whether the Prez and the BOV are truly interested in maintaining status as a world class university. (Not as a world famous football (Alabama) or basketball (Kentucky) team).
04-15-2022 12:06 PM
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billymac Offline
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RE: W&M NIL Collective
This is just the latest, and certainly not the last, of where the NIL, on the Power 5 level, is headed. From The Athletic, today:

A booster club at Texas Tech will pay 100 players a set $25,000 in exchange for community service and to show up as ambassadors at events. Walk-ons are even included.
07-20-2022 11:16 AM
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TDenverFan Offline
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RE: W&M NIL Collective
(07-20-2022 11:16 AM)billymac Wrote:  This is just the latest, and certainly not the last, of where the NIL, on the Power 5 level, is headed. From The Athletic, today:

A booster club at Texas Tech will pay 100 players a set $25,000 in exchange for community service and to show up as ambassadors at events. Walk-ons are even included.

I'm curious how sustainable that type of thing is. Will they be able to raise $2.5 million a year to make this happen every year, or is it just a one time thing?
07-20-2022 12:14 PM
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