For better or worse, College Football is fully monetized, soon to include profit sharing of 20% of revenue with athletes. In reality, success has long been at least loosely connected to profitability.
But that profitability allowed for massive contracts for coaches, gold-plating athletic facilities, and in a few instances, at select schools, the actual funding of academic facilities such as UK’s Young Library.
Those days are suddenly and irretrievably gone.
Look for coaches salaries to increase in small increments compared to the last 45 years, the end of construction of lavish dorms and practice facilities, and the end of any cash flow toward academic causes.
We are in an era of battle directly based on dollars in every respect, and can’t bring a water gun to the fight.
And we need to fight the battle with both the very large and the very small . . . large donors have traditionally benefitted UK and most “Old State U’s.” They will in the future.
But on the smaller scale, we need to aggressively seek opportunities for “ponying up,” without excessive pain. We need an enterprising capitalist or two to establish the business models that directly benefit NIL. How about Blue caps with a favored player’s number emblazoned, with the word “Kentucky” also noticeable . . . hence free of a direct object that must be marketed by UK. And how about stores in malls and medium sized cities with “NIL” directly in their name/title, to allow hundreds of thousands to slightly amend their shopping habits to the benefit the cause?
Kentucky Blue Lite is a hit, my local stores/bars struggling to get their hands on it, but does not advertise UK by name. That effort is a good source of how it can be done: UK and their corporate partners do not own the color blue, the name of the state, or a player’s Name, Image, Likeness or jersey number.
We are a comparatively small state, and hardly the wealthiest. But cumulative, incremental spending can produce huge results. I know of a local community (750 people) where a small convenience store pays $4,000.00 every three months to the city for a 5% tax on the sale of beer . . . meaning that small store is selling $80,000.00 per quarter in beer. And this small community is surrounded by other small towns, all of whom have gone wet the last ten years, and is dominated by the Southern Baptist Churches, with a local Catholic population of less than 3%. (I’m not picking on Catholics, I admire their lack of hypocrisy and I am a rural charismatic Christian by Faith, Grace and tradition).
I had NO IDEA, how much beer was consumed in rural Kentucky.
If Kentucky Blue Light could capture 5 percent of Kentucky’s massive beer consumption, that alone would fund half of NIL at UK.