8 million NIL deal shiiiiiiiiiit

[BeastMode]

 

[pacusmc]

Five-star recruit in Class of 2023 signs agreement with collective that could pay him more than $8 million

Two NIL experts The Athletic spoke to believe this deal is the largest individual NIL deal signed by a non-professional athlete.

theathletic.com

 

[Gru]

Arch Manning?

 

[Allabouttheu95]

8 million dollars is astronomical money. Going to be wild to see how this continues and to follow the bust rates of these guys

 

[BeastMode]

Arch Manning?

Or the Cali QB

 

[TallyCane]

Arch Manning?

I believe it is Nicholaus Lamaleave. He recently took a trip to Tennessee and spoke with somebody from there collective about a package

 

[WhoDat]

Probably Arch Manning. I cant see this being anyone else.

 

[Kansas Cane]

Guys. I hit Powerball. I am the collective. Nico is in the bag. Who else do you want?

 

[Gru]

So is the kid on the hook to go to this school since he obviously isn't signed or anything? I imagine the contract is just void if he doesn't sign there?

And wouldn't a NIL deal disqualify him from high school play? I though the high school state associations didn't allow the NIL deals

 

[bobbydigius]

This is where this **** is heading towards and I think the math checks out.

 

[Memnon]

It’s for Malachi Nelson.

The attorney who put the deal together operates out of Orange County.

He’s is big time power broker down in Southern Cali & has connections to Serra HS & Los Alamitos.

 

[Memnon]

So is the kid on the hook to go to this school since he obviously isn't signed or anything? I imagine the contract is just void if he doesn't sign there?

And wouldn't a NIL deal disqualify him from high school play? I though the high school state associations didn't allow the NIL deals

He won’t actually get the deal until he enrolls in college.

 

[Hoyacane1620]

On Friday, a five-star recruit in the Class of 2023 signed an agreement with a school’s NIL collective that could pay him more than $8 million by the end of his junior year of college, The Athletic has learned. He’ll be paid $350,000 almost immediately, followed by monthly payouts escalating to more than $2 million per year once he begins his college career, in exchange for making public appearances and taking part in social media promotions and other NIL activities “on behalf of (the collective) or a third party.”

 

[407cane]

so its with USC? yeah riley is gonna be a problem on the west coast.

 

[Hoyacane1620]

Lawyer Mike Caspino, who drafted the contract, allowed The Athletic to review and verify the contract in exchange for keeping the player and collectives’ identities anonymous. It provides a window into how donor-driven third parties tied to specific schools operate.

“There’s an element of trust there,” Caspino said in regards to a collective offering that much money with no written assurance the athlete will sign with the donors’ school come December.

But in exchange for receiving his lucrative advances, the player hands over to the collective exclusive rights to use of his NIL, which would then negotiate outside opportunities on his behalf. In theory, that could dissuade him from entering the transfer portal, as he would not be able to make paid appearances promoting his next school.

 

[Lazarre]

8 mil for an unproven kid

 

[westcoastcanes]

Do we have a collective? Time to get some recurring monthly contributions going. @Andrew instead of ******* around with feeds and themes maybe CIS could be the home of the Miami bag game.

 

[Go Canes!!]

People have lost respect for money.

 

[M3N]

UMs 10K NIL deals need to be increased

 

[Lil Bryant 305]

This is getting ridiculous...Keep it at a minimum