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For years, college sports has been the headliner of the fall season. The loud crowds chant for their team while the school band blasts the school anthem during crucial moments in the game. Institutions are given tons of money to fund various sports programs and give their teams the best facilities possible to maximize their potential. At the same time, EA Sports’ College Football 25 shared the likeness of the schools top players.
With all this going on and the players not seeing a dime of the profits, something had to change and it did. There has been no secret about players wanting to be compensated for all the work they’ve done to make their respective school profitable. The NCAA made it illegal to accept any benefit as a student-athlete until 2021 when NIL deals became legal to obtain. The Name, Image, and Likeness payout have given players a clear avenue to make money. They can promote products for various companies.
The issue with all this now is that players are entering the transfer portal for a chance to earn a bigger paycheck. This has become a growing problem since the idea was passed. Some players have become check collectors by staying at a school for a short period before heading to a new stop. There are very little regulations behind any of the movements.
Back in 2021-22 the number of transfer players reached 1,907 and grew to over 2,500 this year. This has become an issue for college coaches. There are certain schools who can’t keep up with payment demands. Ten college basketball schools are preparing to spend a reported $10 million to keep a top roster in 2025.
Former Alabama coach Nick Saban has an immense disdain for NIL deals.
“"I think all the things that I believed in for all these years no longer exist in college athletics. It’s always been about developing players, it was always about helping people be successful in life.” Saban said. He met with President Trump this week to talk about federal regulations with NIL.
While there are other coaches who share the same sentiment, there are a few who believe this is a great opportunity for young kids to learn about finances and how to protect your money. Arkansas basketball coach John Calapari believes this is the kind of responsibility they need for the real world. "I think it's really good for our student-athletes. I mean, it's finally allowing them to earn what they are worth," said Calapari.
Calapari has a valid point to say the least. These young men go through life with very little understanding of how the world works with money and how easily it can be manipulated, especially in the NFL. Those contracts have loopholes that many don’t understand until something occurs. You go from having nothing to having the world in a few short years.
However, that’s often the argument people try to make. Players can’t handle such a large amount of money at a young age. Isn’t part of growing up allowing yourself to make mistakes so you can learn how to be smarter for the future? Now that’s not saying go blow through your money, but learn how to navigate through the world of finance. That's what makes these NIL deals intriguing.
Still, the dialogue surrounding NIL deals has had its impact in the collegiate world. No matter how you look at this mixed noise, we’ll see players move about at their own leisure. Let’s just hope we grow, not regress to where future generations can profit too.
Continue reading...
With all this going on and the players not seeing a dime of the profits, something had to change and it did. There has been no secret about players wanting to be compensated for all the work they’ve done to make their respective school profitable. The NCAA made it illegal to accept any benefit as a student-athlete until 2021 when NIL deals became legal to obtain. The Name, Image, and Likeness payout have given players a clear avenue to make money. They can promote products for various companies.
The issue with all this now is that players are entering the transfer portal for a chance to earn a bigger paycheck. This has become a growing problem since the idea was passed. Some players have become check collectors by staying at a school for a short period before heading to a new stop. There are very little regulations behind any of the movements.
Back in 2021-22 the number of transfer players reached 1,907 and grew to over 2,500 this year. This has become an issue for college coaches. There are certain schools who can’t keep up with payment demands. Ten college basketball schools are preparing to spend a reported $10 million to keep a top roster in 2025.
Former Alabama coach Nick Saban has an immense disdain for NIL deals.
“"I think all the things that I believed in for all these years no longer exist in college athletics. It’s always been about developing players, it was always about helping people be successful in life.” Saban said. He met with President Trump this week to talk about federal regulations with NIL.
While there are other coaches who share the same sentiment, there are a few who believe this is a great opportunity for young kids to learn about finances and how to protect your money. Arkansas basketball coach John Calapari believes this is the kind of responsibility they need for the real world. "I think it's really good for our student-athletes. I mean, it's finally allowing them to earn what they are worth," said Calapari.
Calapari has a valid point to say the least. These young men go through life with very little understanding of how the world works with money and how easily it can be manipulated, especially in the NFL. Those contracts have loopholes that many don’t understand until something occurs. You go from having nothing to having the world in a few short years.
However, that’s often the argument people try to make. Players can’t handle such a large amount of money at a young age. Isn’t part of growing up allowing yourself to make mistakes so you can learn how to be smarter for the future? Now that’s not saying go blow through your money, but learn how to navigate through the world of finance. That's what makes these NIL deals intriguing.
Still, the dialogue surrounding NIL deals has had its impact in the collegiate world. No matter how you look at this mixed noise, we’ll see players move about at their own leisure. Let’s just hope we grow, not regress to where future generations can profit too.
Continue reading...
