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  1. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    Ridiculous number that I think they will have to change soon (everyone is still figuring this out). Makes zero sense. Since room and board plus tuition could easily reach 60k at Miami, they basically have a rule where if you make more than 40k you go into the hole 20k. I assume the NCAA will...
  2. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    SEC schools have been skipping the shell company and moving money directly from boosters to players for decades. This might actually make it a tiny bit harder for SEC schools because people have to be proficient at reading & writing to fill out the forms required to create a shell company.
  3. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    Without NIL, Miami had absolutely no chance of being competitive again. To actually have a chance at a championship, you have to drop bags. If Miami decided tomorrow it wanted to build a championship roster quickly and got into the bag dropping business as deeply as Bama, UGA, Clemson, OSU...
  4. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    I can send you the report if you want to know how they define "self-made" and determined known wealth. It's probably impossible to be exact unless every single alumnus publishes his or her tax records, but I think WealthX is making a decent approximation. I've donated to both the athletic...
  5. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    I registered for an account on WealthX to look at the real data. It says known alumni wealth "86 billion" so that 1 trillion definitely looks like a typo. Still, Miami is top 20 in the US (19th overall in total known alumni wealth, ahead of Notre Dame that has 60 billion) and top 25 in the...
  6. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    Oh no! Can you imagine what this means for CFB? It might get to a point where the same 4 teams make the playoffs every year and there is a huge gap between the haves and have nots. Surely, CFB would be unwatchable if this were to happen.
  7. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    This story is blowing up everywhere. This is all over the media, sports and non-sports news. Imagine what it would have cost Lambert to try and reach a an international audience using traditional advertising (tv, newspapers, podcasts). His 540k has already paid for itself. Awesome to see...
  8. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    Certainly the unknown is a wild *** guess. Net wealth of those unknown could be 30 billion or 309 billion. That's not the important part. The known wealth is known. More than 1 trillion. The company, WealthX, claims to have the "world’s most extensive collection of curated research and...
  9. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    I didn't estimate it. Im guessing they have a formula. For example, if they were making a list of schools with the most millionaires and breaking it down to known and unknown, think about how many folks on this site are actually known millionaires. If you were making a projection on the total...
  10. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    If I am interpreting the numbers correctly, the unknown net worth estimate is the net worth of the unknown individuals. So if they estimated that there are another 200 UHNW alumni but no one knows who they are (let's say they live frugally or no one has seen their 1040s) the estimated wealth of...
  11. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    https://www.cnbc.com/2019/07/31/wealth-x-the-20-american-universities-that-produce-the-richest-grads.html Miami is #18 in the country for producing the wealthiest alumni. F*ck average SAT scores, that's the number I care about. "Known ultra high net worth alumni wealth “- 1.1 trillion Tied...
  12. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    If a publicly traded company like Coca-Cola sponsored a deal like that with Bama players, then you'd have countless shareholders from all over the country who aren't Bama fans suing the company for breach of fiduciary duty. Not worth the headache.
  13. Handsome Squidbum

    Business owner announces $540K/year NIL commitment to Miami

    RC Cola is the real soft drink king of the south. I'm a little sad that UM hasn't announced sponsorship deals yet with El Palacio De Los Jugos, Pollo Tropical, and Bird Bowl.
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