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Tears Gator Tears

TheOriginalCane said:
I am not 100% certain on the "breach" clauses. I helped out with the "high school payment" clauses.

Assuming that LifeWallet paid some money to Rashada before he flipped, then it is my understanding that the Gaytor Collective paid him some up front money to make THAT PART whole. In other words, I've already indicated that Miami was paying Rashada $500K in the fall, and the Gaytors were supposed to pay him $1M pre-enrollment.

The part I do NOT know about is whether there were breach terms that also had to be paid by the Gaytors, and whether THAT was the bit that was overlooked (and caused HathNoCock to freak out).

But as for the "pre-enrollment money", it was my understanding that the Gaytors upped THAT part, withhout a doubt. Which was designed to offset whatever Rashada had to "pay back".

Hope that wasn't too confusing.
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This is all fascinating and I hope it ends with the Turds getting cucked
 
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Live look at gators recruiting post the Jaden Rashada fiasco. If you can’t beat them…

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I'm sorry, but Northern might be one of the dumbest "I pretend I'm bright" attorneys around.

He is acting like Rashada's compensation from Life Wallet is based on where a company has its headquarters. Wrong. It's where the services are performed.

Cormani was going to perform services for LifeWallet in California. Simple as that.

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USNAVYCANE said:
HalleyGator appears to have laid out a reasonable take of what broke down the Rashada deal - A Rundown

Halley is a mid level booster that is active in NIL negotiations. This is what he tweeted about the "$13 million deal"

> Imagine this:

> UM's NIL signed him at $6 million, then UF's NIL signed him for $7 million to steal him away. Total $13m.

> But if UM NIL sued and won $6m in damages... and UF NIL had to pay it while also paying the kid... then UF NIL would be on hook for $13m.

> Deal breaker.

So the $13M was not payment to Rashada, it was $7M to Rashada over 4 years and then up to $6M towards any claims Life Wallet made against Rashada for breaking the contract he signed with them (Cali law allows hs players to sign NIL deals).

> The UF NIL contract could've called for UF NIL to indemnify and hold harmless Reshada against any damages claim made by UM NIL for breach or tortious interference.

> Indemnity and Hold Harmless would be standard in a situation where someone KNOWS they are signing a contract in direct contradiction of another contract.

> UF NIL may not have even understood the language or what it obligated them to.

The story GC will tell (my guess here) is that Darren Heitner was aware of a poison pill in Rashada's contract that would allow Ruiz to sue for damages if Rashada reneged and signed elsewhere. He then allowed a clause to be put in the GC contract that would put the GC/GG on the hook to cover those damages and didn't inform them about the issue with Rashada's Life Wallet contract.

Now, given the bad press that would follow, Ruiz probably wouldn't sue the family unless he knew someone else was obligated to pay (GC in this case or another team) but the Rashada's would want that to be covered to protect themselves and the GC/GG would obviously not want to pay double what they were offering. Hence the endless finger pointing and claiming "no one is at fault".

Halley says he "isn't blind guessing" so this may be the closest we get to understanding the situation until/unless Life Wallet starts suing people.







That’s from the UF Gator Reddit
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Rashada’s family greed really cost him big time.

They ain’t gunna be able to get anywhere near 6mil if his life wallet deal is really setup that way.

Talk about fumbling the bag.
 
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