Florida’s NIL continues to be a complete mess.

[JimmyBlue1972]

From having deals fall through when trying to buy players due to lack of cash, they seemingly have no protections in place for their athletes.

 

[bballcat4]

Looks like BLA is a national (or at least regional) company and not just a UF NIL organization. But, that’s nothing close to an NIL deal. That looks like a prepayment on future earnings. I have no idea where the player was drafted or what his projections were before he signed that deal. But, it doesn’t look good.

Bet he wished he just did some autograph signings at his local Kroger or wings restaurant!

 

[SosaUK1987]

From having deals fall through when trying to buy players due to lack of cash, they seemingly have no protections in place for their athletes.

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If I’m reading that right, this company he signed with in college is going to get 15% of his earnings(pre tax that is) and for 25 years? Damn he got bent over.

And all that for only 500k. SMH.

 

[JimmyBlue1972]

If I’m reading that right, this company he signed with in college is going to get 15% of his earnings(pre tax that is) and for 25 years? Damn he got bent over.

And all that for only 500k. SMH.

They get $27 million from Fernando Tatis’ 14 year $340 million deal. They have Elly Da La Cruz and 8 MLB All Stars as well. They got into the college market big when NIL was legalized but nothing about it is NIL to me.

 

[SosaUK1987]

They get $27 million from Fernando Tatis’ 14 year $340 million deal. They have Elly Da La Cruz and 8 MLB All Stars as well. They got into the college market big when NIL was legalized but nothing about it is NIL to me.

WHaT? Damn, yeah I don’t see how it’s NIL. Are all of UF athletes signing with them for NIL?

 

[JimmyBlue1972]

If I’m reading that right, this company he signed with in college is going to get 15% of his earnings(pre tax that is) and for 25 years? Damn he got bent over.

And all that for only 500k. SMH.

He took the quick money instead of betting on himself.

 

[SosaUK1987]

He took the quick money instead of betting on himself.

And that’s not even that much money. I mean it is, but in the grand scheme of things and what his future potential earnings could end up being, just so very dumb. I imagine he is from a poverty stricken family that didn’t know any better. No way in hell would my parents let me sign that. Lol

 

[Bereacat420]

WHaT? Damn, yeah I don’t see how it’s NIL. Are all of UF athletes signing with them for NIL?

Supposedly UF advisors told him not to sign with them

 

[SosaUK1987]

Supposedly UF advisors told him not to sign with them

I mean, hopefully somebody with an IQ over 50 read the thing and told the kid not to sign. He probably saw all those immediate Benjamin’s and couldn’t help it. Awful decision. How much does the kid make in the NFL?

 

[Bereacat420]

I mean, hopefully somebody with an IQ over 50 read the thing and told the kid not to sign. He probably saw all those immediate Benjamin’s and couldn’t help it. Awful decision. How much does the kid make in the NFL?

I heard the 15% would over 900k in just his rookie deal
Edit: went and looked it up. 6.7 mil over 4 years and 3.7 guaranteed.

 

[HerrosHeroes]

If I’m reading that right, this company he signed with in college is going to get 15% of his earnings(pre tax that is) and for 25 years? Damn he got bent over.

And all that for only 500k. SMH.

-Read the fine print.

 

[SosaUK1987]

I heard the 15% would over 900k in just his rookie deal
Edit: went and looked it up. 6.7 mil over 4 years and 3.7 guaranteed.

Jesus man. Talk about a snake oil salesman. How the hell is the coach letting this shit happen? This can’t be good at all for recruiting or anything team related.

 

[vhcat70]

This is a good thing.