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Nijel Pack to Miami

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AmherstCane said:
I’m with you, but I think part of it is that Ruiz is literally using NIL to promote lifewallet as a consumer product.

Ruiz was not anything really special as a trial lawyer or mass tort guy. And tho the spac is real… there are a lot of legit legal questions about the collectibility/feasibility of the assignment claims upon which his worth is based.

So for now, he’s got lots of access to capital, LOVES the U, and recognizes the legit exposure boon of NIL.

This is at least what I can gather from knowing that Ruiz seems not to be an outcast in the Hecht.

So… I say god bless him as long as he’s following all the rules and dotting all the I’s.
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whats the cliff notes on the SPAC, what it is, what’s the potential, what are the possible snags?
 
TallyCane said:
Your right and it’s a new time in college sports which is going to take time for me to get use to. I guess I just don’t like how public Ruiz is being with all this.

Edit: I just saw your previous post inday and I agree with your sentiment.
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Fvck that. Ruiz is the GOAT. If we end up becoming a top tier basketball program/back to elite football, its going to single handedly be because of Ruiz. This is the Miami way, being very very flashy. Kids love that. They would rather have Flashy Ruiz, then old money, keep everything hush hush Waltons types.
 
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Remember in the first 30 for 30…

I think it was Bennie Blades who said it… all these other schools did it for years, the problem is that we were the school that wasn’t supposed to be doing it.

We’ve always loved being the program everyone hates so why stop it or get upset by it?

🖕🖕🖕🖕🖕 the Sec, Big 10, PAC 12
 
GOCANES05 said:
Thank you , I’m not a BB guru I take 40+% is good?
I just know if we could of THREES we could have kept Kansas close all I heard was clunk.
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anything north of 35 is good. Over 40 is elite. And FTR, we weren't clanking shots vs KU because we have bad shooters. We ran out of gas and stopped moving the ball and forced up a bunch of bad contested long 3s. Their defense was at another level. Pack wouldn't have helped.
 
Only thing that has me a little worried would be our lack of size for next year. This is going to be a really, really good team either way but bigger teams might be a problem again next year.
 
IndayArtHauz said:
Look, I think Ruiz is making it about himself and guys like that personally rub me the wrong way. In the old days, he’d be threatening the program with his antics.

HOWEVER, these are not the old days. Miami is not “literally just buying players”, Miami didn’t make the announcement, Miami didn’t take the risk. Ruiz did, it’s his money and his rep that gets put on the line. He just announced the sponsorship publicly, which is not uncommon. In fact the “reporter” is objecting to it being public and the timing, while lying about who announced it, and would be completely fine if it was under the table like the old days.

Im a bit torn on this because I love the attention it’s bringing and the way it’s leveling up the program, but I don’t like the way Ruiz (and his family) likes to be the story as much as the players. I can’t have it both ways.
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Nope! weed is legal in NY at they trap in broad daylight outta ice cream trucks in SOHO. Things changed, and Ruiz is a visionary salesman. He's chumming... gotta let the bag-chasers know where it's at.
 
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Zbrod95 said:
Only thing that has me a little worried would be our lack of size for next year. This is going to be a really, really good team either way but bigger teams might be a problem again next year.
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Yea, we could use another Nasier Brooks type, who never should have left in the first place.
 
Zbrod95 said:
Only thing that has me a little worried would be our lack of size for next year. This is going to be a really, really good team either way but bigger teams might be a problem again next year.
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5 out takes care of size limitations on offense. D is a different story. I think we will be ok though.
 
How long can this dude keep this up? And what will stop the FB players from raising their eyebrow and asking for more money.

Love what he’s doing for the U. But Miami isn’t a place you can be to “loud” about these type things.
 
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Cryptical Envelopment said:
Ok... I've been holding back on this one, but F it...

IMO Ruiz is Mario's mouthpiece. He is saying all the things Mario isn't allowed to say because of NCAA recruiting rules. He's generating press and hype for Miami, which helps recruiting, which is Mario's #1, #1, and #1. Yeah, we're the bad boys again. Except we're bad boy bankers.

If anyone thinks Ruiz would step out of line against Mario's wishes, they don't understand what's going on here. There was a strategic reason Ruiz went out of his way to publicly downplay his relationship with Mario even though we all know better. Mario is telling Ruiz who to target, and how bad we want them. 100% IMO. Ruiz might have even given Mario a budget to divide up. This goes for hoop too. And baseball because of Johnny. The other sports are to provide cover.

This is a billion dollar program now with strong leadership. If anyone thinks that Ruiz is freestyling, I've got an FSU NIL to sell you.
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Absolutely. The coaches have been told how much they have to spend and now its up to the coaches to negotiate the deals. Like all salary negotiations the coach will try to ge the most he can while paying the least, thereby preserving some of his Budget for the next player.
Is Ruiz connected at all to the twins who just transferred to the UM women’s team?
Is he planning to help baseball?
Is Ruiz coming up with the money alone or does he represent more than one business person under some umbrella organization?
 
Zbrod95 said:
Only thing that has me a little worried would be our lack of size for next year. This is going to be a really, really good team either way but bigger teams might be a problem again next year.
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The starting lineup may be small, but we signed a 4 man freshmen class that will provide a lot of length. Aire is like 6’10. We should at least be able to lean on our depth a little more this season. Beyond walker, Joseph, and occasionally Wooga, our bench was unplayable this season.
 
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IndayArtHauz said:
whats the cliff notes on the SPAC, what it is, what’s the potential, what are the possible snags?
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Normally when you do an IPO, you take a company that is not currently publicly-traded, and you then do an initial public offering of stock, where all of the money raised goes to the company.

In a SPAC ("Special Purpose Acquisition Company"), you take a company that (essentially) has very little in the way of assets, and that company is registered as the public company. The investors in that "shell" company put a crap-ton of money into the pot, to INVEST in one or more companies that are not publicly traded. Then, once a company is acquired, it essentially "becomes" the publicly-traded company via merger. It's back-a$$wards, but it can work.

There are various pros and cons. Purely from a regulatory standpoint, you can avoid a bunch of steps in trying to go public the "normal" way, including going out on a roadshow and trying to get all the institutional investors to agree to your valuation and subscribe to your IPO. But on the other hand, the owners of the publicly-traded shell company in a SPAC situation have all of the relevant control over whether to actually merge with the target.

About 6 months ago, I started working for a company that went through a SPAC. Before that, I was working for a company that was going through a traditional IPO that encountered a lot of problems/delays during COVID.

The interesting thing about Ruiz's SPAC is that he will have an exceptional level of control post-IPO (number of shares, percentage of vote) and that the valuation (if accepted/agreed upon) will be incredibly high for what is a unique company/business. There are simply not any comparables that would give someone a high degree of comfort on the valuation. I believe that these two issues are giving the money people behind the SPAC...pause...
 
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