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New NIL by Ruiz

SFbayCane said:
Dude came on the scene very recently and now it seems people want to call him out for not ponying up yet. My guess is that he's doing his due diligence to ensure his money gets allocated by UM exactly how he wants it.

As I recall, when Donna's reign of terror began she made a rule that money could not be allocated to a specific sport. You could only donate to the university and she and her minions decided where the money would go. (Please correct me if Im wrong here - @mainecane & others).
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If Ruiz is about to Pony up where it really matters we should t hear a peep about it, right?
 
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Wonder if, in the future, what we now know a College Football will just become a G League type operation -- totally dissasociated from colleges/universities and run as local pro franchises around the US, feeding prospects to the NFL. The Miami Hurricanes would become just that, the area's "Developmental" team, having nothing to do with the University. Ruiz/Lemonis, whomever, could just own the thing outright!

I mean, what % of UM fans were ever enrolled in a UM class, no less graduated from the school. Or, Red Elephant fans attended the University of Alabama in Tuscaloosa. Or, went to Notre Dame. A VERY small percentage of a school's fan base.
 
A nil deal is a private contract between a company and a player. Will we, as fans, ever know about each deal made? Will a player go public saying look at me and the money I am making. Some may do this. Some may not. I seriously do not know how public or private this will be. One thing I do know. The ave person does not go around telling the public their financial dealings.
 
SevnandSevn said:
Good question. Hopefully someone with more knowledge will chime in but I'm assuming it affects all schools based on the quote below. I remember reading that Miami currently has a 3rd party firm helping with their NIL stuff because of the original law's wording.

"LaMarca, the 53-year-old Florida state representative, filed a new bill Wednesday to amend the state’s name, image and likeness law making it easier for the Sunshine State’s schools to facilitate NIL deals for their athletes"
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It's all schools, not just public. We good. Also, this is very much needed.
 
Also, someone help get Mr. Ruiz's account verified

Maybe that blue checkmark will get some of y'all skeptics to pipe down
 
I think he will spend his money. They are alums. Rich people usually are full of themselves so no surprise here. In any case i think we need to be more vigilante about him doing legal things than concerned he wont spend.
 
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No one hates him, but coming from our past with the ncaa, having someone blab on twitter about throwing money around sure makes us nervous.

Id personally like our whales and braintrust to work in the shadows and just get things done quietly.
 
The feds will eventually have to solve this with legislation, as the patchwork of state laws has clearly created an unlevel playing field. In the meantime, the NCAA will have little jurisdiction as I read it since their interim rule basically requires that the student athlete simply comply with the relevant state law, and it allows those in states without a law to negotiate deals without violating NCAA NIL/compensation rules.

It appears there will be a window where some can take advantage of the fact that something like 20 or so states still don't have a NIL law on the books. So, I am glad guys like Ruiz and Lambert are on our side and appear to have done their DD and, as pointed out above, taken the high road on the things they will look for in the athletes they sponsor while spreading the wealth to many student-athletes.
 
Ruiz may be legit, he may not be, but anyone saying that there aren't red flags are sorely mistaken. It could all be weird coincidences, but everything this guy does screams "Try Hard". Whether it was the poorly conceived stadium nonsense, him flapping his gums on any media outlet that will let him or the "I'll spend whatever it takes to win" rationale, despite not being fully liquid, it's enough to give anyone pause. I get a weird Sherwood Blount vibe with him, and if you aren't familiar with Sherwood, look up Sherwood Blount and SMU. You want donors that are committed, you want donors that want to help, but you also want donors that know when to shut up and aren't in it for the glory because the glory hounds are the ones that tend to get a program in trouble.

That said, I hope Ruiz is legit and follows through on his promises, provided he works with Compliance, and follows all applicable advice and direction. The good news is that we have a strong coach in Mario that will stomp this dude out if need be. Mario isn't Bobby Collins, a meek, weak coach that allowed a booster to run roughshod through the program.
 
Cane44 said:
No one hates him, but coming from our past with the ncaa, having someone blab on twitter about throwing money around sure makes us nervous.

Id personally like our whales and braintrust to work in the shadows and just get things done quietly.
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"The group handling the dirtiness has to be small, have to be committed and doesn't chirp off at bars"--Norm Hitzges "Pony Excess"
 
SFbayCane said:
Dude came on the scene very recently and now it seems people want to call him out for not ponying up yet. My guess is that he's doing his due diligence to ensure his money gets allocated by UM exactly how he wants it.

As I recall, when Donna's reign of terror began she made a rule that money could not be allocated to a specific sport. You could only donate to the university and she and her minions decided where the money would go. (Please correct me if Im wrong here - @mainecane & others).
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Nah - there were ways to donate to the AD with the funds being used toward a designated sport.

Unless something has changed in the last month, Ruiz’s MSP recovery company hasn’t generated a profit.

He purchased assignments of recovery rights from some Medicare advantage/replacement companies and got a favorable appellate ruling on the validity of those assignments. I think his current money is based upon loans against the future value of those assignments.

The 32bn SPAC is… very “optimistic”. I see the value of the assignments that he purchased (if he can win the associated recovery cases)… but he doesn’t have a 32bn secret special sauce that other insurers can’t do themselves (or through other law firms) to recover conditional payments + penalties.
 
AmherstCane said:
Nah - there were ways to donate to the AD with the funds being used toward a designated sport.

Unless something has changed in the last month, Ruiz’s MSP recovery company hasn’t generated a profit.

He purchased assignments of recovery rights from some Medicare advantage/replacement companies and got a favorable appellate ruling on the validity of those assignments. I think his current money is based upon loans against the future value of those assignments.

The 32bn SPAC is… very “optimistic”. I see the value of the assignments that he purchased (if he can win the associated recovery cases)… but he doesn’t have a 32bn secret special sauce that other insurers can’t do themselves (or through other law firms) to recover conditional payments + penalties.
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If he does have a special sauce software, he should be talking to the IRS next as that unpaid federal revenue market is probably $1Tn, especially since people had to get into the "system" to receive stimulus money.
 
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Canedude08 said:
Ruiz may be legit, he may not be, but anyone saying that there aren't red flags are sorely mistaken. It could all be weird coincidences, but everything this guy does screams "Try Hard". Whether it was the poorly conceived stadium nonsense, him flapping his gums on any media outlet that will let him or the "I'll spend whatever it takes to win" rationale, despite not being fully liquid, it's enough to give anyone pause. I get a weird Sherwood Blount vibe with him, and if you aren't familiar with Sherwood, look up Sherwood Blount and SMU. You want donors that are committed, you want donors that want to help, but you also want donors that know when to shut up and aren't in it for the glory because the glory hounds are the ones that tend to get a program in trouble.

That said, I hope Ruiz is legit and follows through on his promises, provided he works with Compliance, and follows all applicable advice and direction. The good news is that we have a strong coach in Mario that will stomp this dude out if need be. Mario isn't Bobby Collins, a meek, weak coach that allowed a booster to run roughshod through the program.
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This. Hearing this guy intro himself for 20 minutes on twitter live and making portnoy leave said it all. Dude has the classic scammy south florida vibe. He very much seems to be after the clout, and is doing so by promising to spend money he doesn't even have yet. Hopefully I'm wrong, but i'm not taking a single thing he says seriously until its actually delivered. This town and this program have been all about talk for far too long.
 
ben said:
Hope Ruiz really is legit. Until then…
Schitts Creek Eww GIF by CBC
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Yep, all show no go.
 
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