This NIL thing gets wilder and wilder.
At this point, college sports have gone completely insane due to the new era of name, image, and likeness (NIL), and limited regulation has left student-athletes cashing check after check. I was able to.
Originally, NIL was designed to help kids make a little extra money by signing autographs, signing marketing deals, and maybe even playing video games. And big money got involved, with billionaires and boosters alike spending cash on players on a purely pay-as-you-play basis. Oh, and there’s also the fact that players can literally transfer to a new school every year, which creates a beautiful mess in itself. (Related: Money, money, money: Texas’ Quinn Ewers signs luxurious NIL deal with private jet company Nicholas Ayer)
Basketball analyst Jeff Goodman posted an article that provides a perfect overview of everything regarding the NIL.
On Thursday, Goodman posted on social media that an unknown college basketball player had a representative contact the university about a possible transfer, resulting in him paying a whopping $1.5 million to leave his current team. Reported that it is requested. And what’s even crazier is that the guy hasn’t even entered the transfer portal yet!
And what makes this situation even stranger is that basketball players clearly don’t care about NCAA rules. It is an offense for a coach to attempt to sign a player who is not registered in the transfer portal.
I really can’t believe it, dude.
One college coach told me that a player’s representative called him asking for more than $1.5 million in NIL.
Player is not in the portal yet.
— Jeff Goodman (@GoodmanHoops) April 11, 2024
I don’t know what else to say, but… Dolla, Dollaville, everyone!
