If I read that interpretative guidance correctly, I “think” if you are proactive, Miami could partner with Adidas to offer Raiola more NIL money to offset a lower rev share.
So for example, for giggles, say the amount is 3 million for Raiola. That’s the magic number.
If Miami presents Raiola with 2.75 million from rev share and Adidas pay him $250k in NIL. That’s what would happen if everyone works independently.
However, if Miami and Adidas work out a deal ahead of time, they could go to Raiola with a deal where Miami pays him 1 million from rev share and Adidas pays him $2 million in NIL.
Raiola still gets his magic number but Miami saves money against the cap (rev share allotment).
That’s an extreme example and one I don’t think is realistic, but if I understood it correctly, that’s how you could proactively make it happen.
In the first scenario, the moment Miami commits 2.75 million from rev share, they are bound by that number, EVEN if there is offset language that says Miami can reduce its commitment IF they help find offsetting NIL later on. Miami wouldn’t have to pay the full 2.75 million, but for calculations of how much room they spend, the 2.75 million stays regardless.
I’m probably wrong with my interpretation, but if I’m right and we stick with Adidas (we are in the open negotiation window), than this is how Adidas could HELP Miami.