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Ruiz / NIL

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This is reemphasizing for me a lot of the early thoughts on NIL, where many questioned what return boosters would actually get. I mean, God bless anyone who wants to spend $10MM a year on NIL because they love their school, but at some point, it just becomes bad business.

A lot of boosters all over the country have rushed into the space but I still question how long this will go on at these figures. Anyone with the wallet to support NIL would seem far too business savvy to dump money unless there's some financial reward for them on the other end. Any CPAs here know if these NIL monies offer some tax benefits?
 
AlexCane said:
This is reemphasizing for me a lot of the early thoughts on NIL, where many questioned what return boosters would actually get. I mean, God bless anyone who wants to spend $10MM a year on NIL because they love their school, but at some point, it just becomes bad business.

A lot of boosters all over the country have rushed into the space but I still question how long this will go on at these figures. Anyone with the wallet to support NIL would seem far too business savvy to dump money unless there's some financial reward for them on the other end. Any CPAs here know if these NIL monies offer some tax benefits?
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What returns were the SEC bagmen/boosters getting from the millions they spent buying players before NIL?
 
OriginalCanesCanesCanes said:
What returns were the SEC bagmen/boosters getting from the millions they spent buying players before NIL?
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Sure. But it wasn't publicized. Now, we seemingly have an environment where every recruit has his hand out and expects to get paid. This raises the stakes financially for each booster. And, precedents are being set, i.e., players can now say, if so-and-so got this amount, then I am worth "x" amount. It seems so unsustainable but whatever, ain't my money.
 
HTXCane said:
One of my first jobs was in the accounting department at the Miami New Times. Yes it is a legit publications. They have a ton of stories that either went national, were made into movies or documentaries. They broke the story on the Miami Dr that was supplying MLB players steroids.
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Always been an avid reader of the MNT. I espeically liked the story of the history of Take One Lounge, the strip club that Edge ended up buying.
 
Home Slice said:
Is this guy just posting random ****, or is he legit 🤔

NILs


nfldraftdiamonds.com

Richest College Football Programs by NIL Valuations

According to the Action Network, Texas A&M is the richest college football program by NIL valuation, based on average earnings
nfldraftdiamonds.com nfldraftdiamonds.com

Truth, BS, or something in between?
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It's right there in the first five words of the article...

"According to the Action Network".

So it's some random guy writing a "news article" based on some random website.

We've already had dozens of posts that have mocked the "on3 NIL valuations" of various players, and on3 is considered to be one of the top 3 or 4 college sports reporting networks. Who in the **** is "Action Network", comparatively?

And we have people questioning the Miami New Times and a reporter who graduated from UM undergrad and Columbia School of Journalism grad school?

Oh, sorry, Damond Talbot also went to Columbia...COLUMBIA SOUTHERN UNIVERSITY...and he lives in Leesburg, Florida...

So, yeah, not very impressed with this guy Damond and "NFL Draft Diamonds"




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This **** always happens. You're plugging along in a thread...reading...learning...

...and then 3 or 4 of the most uninformed porsters on the board porst a bunch of nonsense in quick succession...

Good lord...

Yes, John Ruiz has commented quite a bit on Collectives THAT HAVE NO REAL BUSINESS PURPOSE. That is not to say that he has condemned every Collective ever, but you can **** well call into question a (Gaytor) Collective that signs a kid to a $14 million deal that (literally) requires a minimal level of a few dozen autographs per year. That's not a joke or sarcasm, that (a few autographs per year) was one of the primary legal "obligations" that Rashada had to perform to earn his $14 million.

And, yes, John Ruiz has been more quiet since the NCAA went ballistic over one phone call and one dinner during the recruitment of two pre-existing millionaire twin athletes.

As per usual, we have a contingent of mopey "keepin' it real" porsters who are going to belatedly question John Ruiz's finances and activity in a laughable effort to establish their board-skeptic bona fides. Whatever.

I'm sure some of these porsters are fans, so I'm not going to question their fandom. But we have some truly pathetic know-nothing/doubt-everything porsters on this board.
 
TheOriginalCane said:
This **** always happens. You're plugging along in a thread...reading...learning...

...and then 3 or 4 of the most uninformed porsters on the board porst a bunch of nonsense in quick succession...

Good lord...

Yes, John Ruiz has commented quite a bit on Collectives THAT HAVE NO REAL BUSINESS PURPOSE. That is not to say that he has condemned every Collective ever, but you can **** well call into question a (Gaytor) Collective that signs a kid to a $14 million deal that (literally) requires a minimal level of a few dozen autographs per year. That's not a joke or sarcasm, that (a few autographs per year) was one of the primary legal "obligations" that Rashada had to perform to earn his $14 million.

And, yes, John Ruiz has been more quiet since the NCAA went ballistic over one phone call and one dinner during the recruitment of two pre-existing millionaire twin athletes.

As per usual, we have a contingent of mopey "keepin' it real" porsters who are going to belatedly question John Ruiz's finances and activity in a laughable effort to establish their board-skeptic bona fides. Whatever.

I'm sure some of these porsters are fans, so I'm not going to question their fandom. But we have some truly pathetic know-nothing/doubt-everything porsters on this board.
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They have absolutely no idea how financially powerful Carol Soffer & family are.
 
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