OT: College Football and NIL economics

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wco81
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OT: College Football and NIL economics 

Post#1 » by wco81 » Thu Sep 26, 2024 6:50 pm

So the UNLV QB, who claims he was promised $100k, has quit the team, which started 3-0. He transferred from Holy Cross, not exactly a hotbed of football talent.

UNLV football program is ranked for the first time in its history, even though Matt Sluka is only completing 43.75% of his passes, though he's apparently a running threat. In any event, by quitting the program before 4 games, he preserves a year of college eligibility so he could presumably go into the portal again and get paid next year.

Interesting thing is some of the numbers cited regarding what some college football players are getting.

According to leading NIL platform Opendorse, the average Group of Five quarterback is getting an average of $116,000. The average top 25 Power Four quarterback is averaging $819,000 in NIL benefits.

The going rate for top QBs like Miami's Cam Ward is well over $1 million.


Sluka had also explored transferring out of Holy Cross following the 2022 season and had asked what he believed to be a representative from a power-conference school what his going rate could be.

It's unknown whether UNLV can afford either of those extremes, but there's your "why" for Sluka. It's just a matter of how deep the pool you swim in these days. It took Ohio State $20 million to shore up its roster in the offseason. Translation: Beat Michigan. UNLV's program took a tumble Wednesday over a hundred thousand. In an analysis piece with 247Sports, Hummer wrote it is not the first time this calendar year UNLV has lost a transfer over what was described as a failed delivery of a promise.



https://www.cbssports.com/college-football/news/matthew-sluka-deserts-unlv-unfulfilled-nil-promise-drives-starting-qb-of-undefeated-cfp-hopeful-to-quit/

I thought the NIL allowed college athletes to monetize their likeness so they could do commercials like Caleb Williams did last season.

But apparently it involves direct payments from schools to athletes.

Hilariously, UNLV says they wouldn't have agreed to pay Sluka because it would have violated the NCAA's Pay to Play rules. On First Take they alluded to a Supreme Court decision which basically invalidated all NCAA rules barring "amateur athletes" from getting paid.

In any event, OSU spent $20 million before this season to shore up their roster? Wow, of course OSU is probably one of the top programs in revenues but that's approaching NFL team spending.
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Re: OT: College Football and NIL economics 

Post#2 » by hermes » Fri Sep 27, 2024 2:49 am

i wonder how much money was in college football prior to nil. it all looks pretty egregious now that its all out in the open but how much of it is new money?

osu spent $20m this year, but how much did they spend prior to nil? $5m? $10m?
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Re: OT: College Football and NIL economics 

Post#3 » by wco81 » Fri Sep 27, 2024 8:07 am

Well TV money is bigger than ever before. I don’t know if the latest Big 10 TV contract has kicked in.

Obviously there are about a dozen schools at the top of the Big 10 and the SEC which are among the richest programs and among those OSU. Georgia, Michigan and Alabama the richest.

OSU can spend $20 million and they probably still make a ton of money.
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Re: OT: College Football and NIL economics 

Post#4 » by LAKESHOW » Fri Sep 27, 2024 4:40 pm

Money is money. The lyin. The deceitfulness. The scoundrel type negotiations still exist. It's just not on the NCAA anymore. It is the Universities now who make the promise and give their word that the money is coming. Promise kids they gonna get paid with us. Promise kids 100K. And then they dont. They're all liars when it comes to the Money part
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