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His father cut out their lawyer (Caspino) and did the deal.

Anyone with the Rashada last name can kick rocks.

Common 🧵

Golf

That’s the hook

You ever think I put certain things re one player in certain threads re another so outsiders are less likely to pick up on it?

I put **** where I want to, bro!

Me

USC is going after Rashada.

It’s structured as a market advance. Theoretically, the upside is greater than that if the collective recoups the amount of the advance prior to termination. Very unlikely to happen unless the kid turns out to be a star, but possible.

Yes, per the agreements I looked at. He can even sign multiple NIL deals.

Nothing related to performance. Also, the license is non-exclusive. Can’t speak to how uniform the agreements are, but I think the forms I looked at are being used by the big collectives.

I saw some of the contracts this morning for the top guys. None have any mention of the school or any conditions related to continued participation.

Without the certainty of multi-year contracts and caps. These locker rooms are going to be cesspools of me-first divas and jealous second tier guys making scraps, comparatively. Then you got the street agents and families. Total train wreck.

For QB, I’d save my money for the portal. Seems like less risk.

Read my initial post. The biggest problem is the portal. And I don’t believe UM can compete, long term, in the NIL game unless it’s fenced in by some regulation.

NIL plus transfer portal is a match made in ****. It’s just going to be an annual bidding war. One of my good buddies is the founder of Forward Counsel, the firm in Newport that negotiated the TN quarterback’s NIL deal. He told me high school sophomores in CA are setting up trusts for tax...

I didn’t refer to any investment in the program. I’m talking about paying players. I see Ruiz’s roster: https://www.lifewallet.com/LifeWallet/community/ I don’t know of any other companies willing to pay 6 or 7 figures for the (worthless) NIL rights of a high school prospect. There may be, I...

As far as I can tell, our capital is, primarily, from one source. To presume that’s sustainable seems foolish to me. I can think of a bundle of scenarios where that faucet is abruptly turned off. And while I know nothing about the lifewallet corporate structure or cap table, unless the Ruiz...