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Hoyacane1620 said:
He did. But also supported Rashada’s position. 247 is all out shaming UF so they come up with the money promised. It reminded me of Herbstreit’s diatribe about Miami - we all know what that did. Supposedly UF can “stretch” the enrollment to Monday somehow. 247 WANTS Rashada at UF.
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I worked in UF admissions, that's almost NEVER allowed. That's a huge concession being made for an athlete when other VIPs kids were wait listed or denied.
 
Rickd said:
The contract was with the Gator Collective ... it has NO assets ... it is a pass through from the various booster groups created to fund the different NIL programs (football, baseball, basketball etc ... different groups fund each sport). It is operated by a Gator alum who is an NIL attorney and reportedly more than a casual consumer of alcoholic beverages!!
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Is it really the case the GC has no assets or income? Is it a new entity (created to support UF NIL deals), or has it been operating previously as a booster club?

If it truly is a brand new entity with no money coming into its bank accounts and/or no history of previous revenues from dues, etc I could imagine some problems for the founders.

Presumably GC is organized and limited liability entity. But there are still things required in order to preserve the corporate form, including minimum capitalization requirements. In other words, you or I can't go form Canes Collective LLC, put no money in it, and turn around tomorrow and enter into a $13MM contract that we don't financially fulfill, without exposing ourselves to personal liability for the breach of contract.

I don't know if this is the situation for GC, but if they are brand new entity, with no money/capital and they entered into a $13MM contract that they can't honor...that's potentially a big problem for the founders.
 
PSU Cane said:
Modern day panhandling.
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Nah. Panhandling is begging for money. This dude is literally saying he’s open to endorsing a product for money. Huge difference. Especially since he likely doesn’t have an agent to set up deals for him.
 
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Tony4Miami said:
From On3

“Missing the deadline for drop/add doesn’t necessarily mean that Rashada won’t or can’t enroll at Florida. The University of Florida could make an exception for Rashada and allow him to enroll in classes and begin next week or for the summer.”
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Look, that's a bunch of on3 bull****. Nobody is saying he can't enroll at Florida EVENTUALLY, just that he missed the deadline FOR SPRING SEMESTER.

The part of the sentence that says UF could make an exception for Rashada and allow him to enroll "and begin next week"? How? On what planet? That might pose a problem both from the NCAA standpoint and the college accreditation standpoint. Neither governing body is going to be very happy to see the "flagship" state university bending its rules for ONE PERSON, just so they can enjoy some football recruiting success. The NCAA's expectation is that each university apply its rules equally, not just to make random exceptions whenever it suits them.

And what are the grounds for such an exception? Rashada was IN FLORIDA two weeks before enrollment. There were no blizzards in Florida. There is ample public record showing that Rashada voluntarily returned to California over a dispute NOT involving the University of Florida itself (NIL is separate). There were no problems with Rashada's financial aid, he has a full ride. So what in God's name would UiF use as justification for "making an exception"?

Now, summer enrollment is different. If everyone wants to ride with that, fine. And, as a California resident, Rashada COULD even get paid before his enrollment, assuming of course that the NCAA eventually finds that these collectives are legal and making valid payments (would NOT have been a problem with LifeWallet).

Good luck, Rashada family, you're going to need it.
 
Tony4Miami said:
Well. On3 Gator board claiming deadline is 11:59pm.
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Who in the registrar's office is going to be working at 11:59 pm?

Who am I kidding, this is Hogtown, some UiF employee will be in the office working out of fear of reprisal from Gaytor fans, just like that impound lot owner who was threatened by Gaytor fans and intimidated into not pressing charges when that Gaytor football player illegally went into the impound and "took back" his car without paying the fine.
 
TheOriginalCane said:
Look, that's a bunch of on3 bull****. Nobody is saying he can't enroll at Florida EVENTUALLY, just that he missed the deadline FOR SPRING SEMESTER.

The part of the sentence that says UF could make an exception for Rashada and allow him to enroll "and begin next week"? How? On what planet? That might pose a problem both from the NCAA standpoint and the college accreditation standpoint. Neither governing body is going to be very happy to see the "flagship" state university bending its rules for ONE PERSON, just so they can enjoy some football recruiting success. The NCAA's expectation is that each university apply its rules equally, not just to make random exceptions whenever it suits them.

And what are the grounds for such an exception? Rashada was IN FLORIDA two weeks before enrollment. There were no blizzards in Florida. There is ample public record showing that Rashada voluntarily returned to California over a dispute NOT involving the University of Florida itself (NIL is separate). There were no problems with Rashada's financial aid, he has a full ride. So what in God's name would UiF use as justification for "making an exception"?

Now, summer enrollment is different. If everyone wants to ride with that, fine. And, as a California resident, Rashada COULD even get paid before his enrollment, assuming of course that the NCAA eventually finds that these collectives are legal and making valid payments (would NOT have been a problem with LifeWallet).

Good luck, Rashada family, you're going to need it.
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Correct they might make an exception with justification for a kid recovering from cancer, not for a kid that is going to be a cancer to the school
 
with GIF

Was it over when the gators bombed with Jaden Rashada? No!😂
 
TheOriginalCane said:
Look, that's a bunch of on3 bull****. Nobody is saying he can't enroll at Florida EVENTUALLY, just that he missed the deadline FOR SPRING SEMESTER.

The part of the sentence that says UF could make an exception for Rashada and allow him to enroll "and begin next week"? How? On what planet? That might pose a problem both from the NCAA standpoint and the college accreditation standpoint. Neither governing body is going to be very happy to see the "flagship" state university bending its rules for ONE PERSON, just so they can enjoy some football recruiting success. The NCAA's expectation is that each university apply its rules equally, not just to make random exceptions whenever it suits them.

And what are the grounds for such an exception? Rashada was IN FLORIDA two weeks before enrollment. There were no blizzards in Florida. There is ample public record showing that Rashada voluntarily returned to California over a dispute NOT involving the University of Florida itself (NIL is separate). There were no problems with Rashada's financial aid, he has a full ride. So what in God's name would UiF use as justification for "making an exception"?

Now, summer enrollment is different. If everyone wants to ride with that, fine. And, as a California resident, Rashada COULD even get paid before his enrollment, assuming of course that the NCAA eventually finds that these collectives are legal and making valid payments (would NOT have been a problem with LifeWallet).

Good luck, Rashada family, you're going to need it.
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The minute they make an exception for him they have to make one for every student or else you allowing an impermissible benefit
 
Ispyin said:
It’s getting worse for them. So sad. The Athletic just kills them here with this timeline
theathletic.com

What's the timeline, who are the central figures of the Jaden Rashada-Florida saga?

Is the Rashada situation a one-off misstep, or have the Gators completely flubbed their first swing at NIL?
theathletic.com theathletic.com

a couple of lowlights:
View attachment 224643

View attachment 224644
View attachment 224646

when you have reached the ”alignment” moment only two things you can really do… call Kirk herbstreit or go fight at a Waffle House
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If I were a gator fan I'd be worried about all of the attention this is bringing the GC because we all know it's pay for play.


But, **** em
 
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PalyCane said:
Is it really the case the GC has no assets or income? Is it a new entity (created to support UF NIL deals), or has it been operating previously as a booster club?

If it truly is a brand new entity with no money coming into its bank accounts and/or no history of previous revenues from dues, etc I could imagine some problems for the founders.

Presumably GC is organized and limited liability entity. But there are still things required in order to preserve the corporate form, including minimum capitalization requirements. In other words, you or I can't go form Canes Collective LLC, put no money in it, and turn around tomorrow and enter into a $13MM contract that we don't financially fulfill, without exposing ourselves to personal liability for the breach of contract.

I don't know if this is the situation for GC, but if they are brand new entity, with no money/capital and they entered into a $13MM contract that they can't honor...that's potentially a big problem for the founders.
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NIL is new. The Gator Collective was formed in 2021 by Eddie Rojas a former UF baseball player who happens to have a financial brokerage firm as his primary career. He formed the Gator Collective to assist UF players in all sports to find NIL deals and in some cases to act as a 3rd party. The Collective ... according to what I read on the Gator site ... relies on different primary boosters for financial funding support for each sport. For football there is a booster, Hugh Hathcock, that is the main backer along with a group of 'million dollar donor buddies". The collective acts as an agent, draws up contracts, negotiates deals, and gets booster pledges to fund the NIL deals. They do have "subscribers" that pay a monthly fee and that provides some revenue that the Collective uses either as donations to UF, to fund NIL deals, and cover "operating costs". The collective itself does not have significant assets and the way it theoretically operates to fund a big NIL deal is a). A booster or booster group agrees that they will fund up to X amount to cover an NIL then b). the GC acting as an agent negotiates the deal and executes a BINDING contract.

What apparently happened here is that the Gator Collective either had the pledge from the booster(s) to cover the Rashada NIL deal or Rojas THOUGHT he would get the pledge and went ahead on his own and executed the contract. No idea what actually happened. But in December the GC sent a Termination letter ... as an attempt to back out of the executed agreement ... and the stipulated initial "up front payment" was not made. The Collective failed to pay and is in default. Not a good look for the Gators. In Gainesville everybody is pointing fingers and Hugh Hathcock, the 'reported' donor who allegedly backed out, will not take phone calls (He owns Velocity Automotive a large car dealer service company).
 
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To the lawyers....If Rashada signs anywhere but the Gators for less than the UM deal. Wouldn't he have a provable financial loss ripe for a lawsuite?
I apologize if this as already been asked?
 
ThePorge said:
To the lawyers....If Rashada signs anywhere but the Gators for less than the UM deal. Wouldn't he have a provable financial loss ripe for a lawsuite?
I apologize if this as already been asked?
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I don’t think so.

He willingly walked away from one contract to sign the other. Unless you can prove they never planned to pay him the value of the Gator Guard contract, he can’t count as damages or lost wages.
 
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