NIL driven basketball event in LV nearly finalized

[Smashcat]

Games will be played in November under the umbrella of an event dubbed the "Players Era Festival," which will also include live music and other attractions for fans amid the glitz of the Las Vegas Strip during Thanksgiving week. In a college sports first, the event will also include $1 million NIL payouts for eight participating schools. What's more, players involved will have future earnings opportunities through long-term NIL contracts, sources told CBS Sports.

NIL-driven Las Vegas college basketball event with millions paid to schools nearly finalized; Creighton now in

The revolutionary 'Players Era Festival' will include eight teams in 2024. In 2025 it's expected to double to 16 teams -- with huge brands

www.cbssports.com

 

[StubbornPenny]

I think the idea is cool and The games will be bet competitive.

The mental and legal gymnastics to pay a basketball team a million dollars of “unrelated” NIL money is incredibly goofy.