20m in new funds

[Xio]

All of our CFP victories have netted us $20,000,000 so far, is that all going into the NIL budget? If yes, we should have our pick of the litter

 

[Manfred_Cane]

No. The funds we receive for the CFP aren't allowed to be used for NIL.

However, they can be used towards things that we would typically have to fundraise for. Now we can use that fundraise for NIL (I think)

 

[ben]

On ACC Huddle post game, they told Mario, "$6 million in new funds!"

Mario replied, "All of it to NIL. All of it."

 

[TomAce]

No. The funds we receive for the CFP aren't allowed to be used for NIL.

However, they can be used towards things that we would typically have to fundraise for. Now we can use that fundraise for NIL (I think)

Money is fungible.

 

[flips]

No. The funds we receive for the CFP aren't allowed to be used for NIL.

However, they can be used towards things that we would typically have to fundraise for. Now we can use that fundraise for NIL (I think)

I have seen other people say this, but do you have a source that says we cannot use the CFP success monies to fund our revenue share NIL contracts? I haven't been able to find one.

 

[Manfred_Cane]

I have seen other people say this, but do you have a source that says we cannot use the CFP success monies to fund our revenue share NIL contracts? I haven't been able to find one.

Yeah my source is @Peter Ariz lol he said it on one of the pods

 

[flips]

Yeah my source is @Peter Ariz lol he said it on one of the pods

Sound legit. He has never been wrong before.

 

[goblin deez nuts]

The team can only spend 20.5m. "Technically" so unless miami doesnt have the 20m, making extra means nothing unless you are going to skirt the rules and go over the 20m. I'm sure there are ways to use this money elsewhere and then move the equivalent back to NIL.

 

[The Real Kirk Lazarus]

That 20.5 mil is for the rev share not nil

 

[canesfan54]

Spend that on the facility Mario wanted when he got here

 

[CreamCityCane]

I have seen other people say this, but do you have a source that says we cannot use the CFP success monies to fund our revenue share NIL contracts? I haven't been able to find one.

It does not go into the rev share NIL pool. Every ACC team gets the same amount annually for this pool of money (20.5 mil this year). Its a baseline level of fairness for all of the teams in the conference, then there are the individual sponsorship deals, collectives, etc on top of that.

So just because it doesn't go into the Rev Share pool of money, doesn't mean there aren't other ways to spend it on NIL.

 

[flips]

It does not go into the rev share NIL pool. Every ACC team gets the same amount annually for this pool of money (20.5 mil this year). Its a baseline level of fairness for all of the teams in the conference, then there are the individual sponsorship deals, collectives, etc on top of that.

So just because it doesn't go into the Rev Share pool of money, doesn't mean there aren't other ways to spend it on NIL.

Thanks. Is the reason it doesn't go into the rev share NIL pool because:

It's not considered "media rights" (obviously isn't ticket sales or sponsorships)? Screenshot from the CSC website. Even if we can't spend it directly on RevShare contracts, the CFP money goes to the Athletic Department and as @TomAce said money is fungible.

 

[supersaiyanshel]

I would hope they give every coach (especially Heatherman) a nice raise. I mean, I'm sure they have performance based incentives anyway, but break them all of again.

 

[RealRussellPumps]

Use it to further upgrade facilities. Make ours the talk of the nation.

 

[Hstokes1447]

 

[TP803]

Can they use it for retaining staff like the DC? Or JT? Maybe additional scouting, self scouting, recruiting evals, big name former coaches as analysts… I’m sure it’ll go towards good use. And hopefully the exposure and excitement gets more NIL funds from big time donors that are seeing positive results on money spent.

Lastly it’ll fire up excitement and bring in new fans. More eyeballs, more revenue on sales and hopefully more butts in seats in the future. Nothing but positives.

Awesome time to be a Cane

 

[P-Tizzle]

Be great if Mario used it to pay our ad-free bill here at CIS

 

[umcane4life]

Be great if Mario used it to pay our ad-free bill here at CIS

I paid the $25 last month. Best $25 I've spent in a long time.. those ads were a pain in the ***

 

[P-Tizzle]

I paid the $25 last month. Best $25 I've spent in a long time.. those ads were a pain in the ***

super terrible. ad free is a blessing

 

[Handsome Squidbum]

No. The funds we receive for the CFP aren't allowed to be used for NIL.

Of course not. None of that money will make its way to NIL