Caleb Wilson and Nate Ament have joined.
This is crazy…Fanstake
- Thread starter Catclass24
- Start date
Caleb Wilson and Nate Ament have joined.
Want to buy a player for UK? So, do you commit the same amount to both Ament and Wilson, with the idea that you probably only have to pay one of the two?
Don't see it working longterm. That money will likely be a drop in the bucket compared to collectives. I give them credit for a well executed social media campaign though.
Why would a fan give to a player BEFORE he commits to a team?????
Now AFTER he commits to MY school, then it will be open season for a fan.
Now AFTER he commits to MY school, then it will be open season for a fan.
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From Yahoo! Finance:
Here’s how it works: Using Fanstake, fans can pledge financial support, known as "staking," to promising recruits, transfer players, or current rostered athletes they want to see play for their favorite college team next season. If a fan's "staked" athlete chooses the fan's school, Fanstake strikes an authentic NIL endorsement deal with that player. If the athlete chooses another school, the fan gets their money credited back to their Fanstake account, and the other school’s fanbase contributes to the endorsement deal instead.
Surely there is more to the "money credited back to Fanstake account". If that is literally the case, it means you donate 2k, player doesn't go to your school and you don't get the money back but you CAN donate it again.
Some venture capital huckster thinks he has it all figured out I guess.
Here’s how it works: Using Fanstake, fans can pledge financial support, known as "staking," to promising recruits, transfer players, or current rostered athletes they want to see play for their favorite college team next season. If a fan's "staked" athlete chooses the fan's school, Fanstake strikes an authentic NIL endorsement deal with that player. If the athlete chooses another school, the fan gets their money credited back to their Fanstake account, and the other school’s fanbase contributes to the endorsement deal instead.
Surely there is more to the "money credited back to Fanstake account". If that is literally the case, it means you donate 2k, player doesn't go to your school and you don't get the money back but you CAN donate it again.
Some venture capital huckster thinks he has it all figured out I guess.
It’s funny that I’ve seen such negative reactions to this. I actually think this is a good idea.
You say “I want to give Caleb Wilson $100 if he comes to UK”. If he ends up going to a different school you get your money back.
I’d be much more willing to do that, then give a few bucks to a collective blindly. To be clear though, I won’t actually be doing either!
You say “I want to give Caleb Wilson $100 if he comes to UK”. If he ends up going to a different school you get your money back.
I’d be much more willing to do that, then give a few bucks to a collective blindly. To be clear though, I won’t actually be doing either!
Surely you can actually get the money back. I didn’t realize at first that you got your money back at all😆
Under this premise, I'd look for late commits, for sure. Seems like as others go elsewhere, the monies held here would trend to the big name recruits, at the same schools, that wait until late to commit...anywhere really but thinking of us as the example, with Wilson.
The fan does not give in advance. The fan commits to a dollar and is only responsible for that payment if the player commits and is on the roster.
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No $$$ coming from this household
This is stupid
Anybody that does this has no brain
This is stupid
Anybody that does this has no brain
If you pay money to a college athlete, then you need your head examined! Purchasing UK gear and then UK choosing what to do with the money is one thing, but flat out paying for an athlete yourself is absolutely pathetic!
I grew up watching the Kyle Macy, Kenny "Sky" Walker, King Rex, and Jamal Mashburn, but I have to say I am ready to bulldoze all the stadiums down and let these kids go work at McDonald's for a few years. They are destroying the sport that all these former players poured their heart and soul into.
I can’t believe the Presidents of all these institutions aren’t banding together and revolting against this invasion on athletics- which were designed to be a sideline of college. I think they would get tremendous support.
This is from last summer and discusses the legal
Classification of SOME college athletes - as employees of the university/state
AP News - June '24
Are they playing for "fun" or are they "playing for pay" with no other benefit provided to the university?
Seems to make the whole landscape even MORE convoluted
Not sure it there have been more recent court rulings or updates to this angle
But if you can hire employees to play basketball -- and you base it on federal/state employment law .....doesn't that open up a lot more types of players as being eligible?
Like a former NBA player who wants to return for a degree maybe?
Any professional Euro player?
Confusing !!!
(Emphasis on the "Con")
Classification of SOME college athletes - as employees of the university/state
AP News - June '24
Are they playing for "fun" or are they "playing for pay" with no other benefit provided to the university?
Seems to make the whole landscape even MORE convoluted
Not sure it there have been more recent court rulings or updates to this angle
But if you can hire employees to play basketball -- and you base it on federal/state employment law .....doesn't that open up a lot more types of players as being eligible?
Like a former NBA player who wants to return for a degree maybe?
Any professional Euro player?
Confusing !!!
(Emphasis on the "Con")
Since most colleges are state entities might as well just have state teams / larger city teams and such. Has not one thing to do with college and college life. Let these guys be state employees and have a 4 or 5 year contract, if they break contract- go pro they pay a penalty. Otherwise they are at said place for the duration. Then let the state or city own, run, hire and such.
This is no longer college sports and it needs to quit hiding behind said universities.
This is no longer college sports and it needs to quit hiding behind said universities.
Another one - looks like the NCAA got hit hard (probation for them??) in the pocket book - over a Billion in compensation and payments
NCAA president asks (begs?) Congress to "step in"
AP News - NCAA Asks Congress (US Taxpayers?) for Help - Jan '25
NCAA president asks (begs?) Congress to "step in"
AP News - NCAA Asks Congress (US Taxpayers?) for Help - Jan '25
I think you would have to put the money in upfront however, to be held in escrow, otherwise it would be near-impossible to collect the full amount come commitment.
This is the simple answer to NIL.
The NCAA can’t place restrictions on players but the college itself could.
The problem with everything is the minority aspect. If college athletes were 98% white this would have been fixed immediately.
First person to place restrictions will be called racist and anti feminist.
This could easily be fixed by the institutions themselves but they can’t risk being called out as bigots.
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Sure. You create an account. It’s kind of like how I assume gambling sites function, except you will not be fronted any cash to gain your patronage (potentially addiction).
It’s a bypass on collectives. Rather than giving money to a collective so that it can pay the players, you get to put your money toward the player you want to see on your team. It won’t supplant collectives, but is probably more akin to the signing bonus. 😆
I’ve already paid college tuition for several young people. Glad it’s over.
