An 18 year-old overnight-millionaire will fare better at Bama than a 21 year-old overnight-millionaire who only has his manager to rely on (NFL).Fortunately, nothing can possibly go wrong with 18-year olds who become overnight millionaires.
An 18 year-old overnight-millionaire will fare better at Bama than a 21 year-old overnight-millionaire who only has his manager to rely on (NFL).Fortunately, nothing can possibly go wrong with 18-year olds who become overnight millionaires.
The Universities that would like to survive this brave new world will have the infrastructure in place to help the player navigate these waters and make proper decisions. I would be stunned if Alabama does not already have that or actively working to build it.Let's say a smart / talented player could bank $4MM over a 4 year career and actually put $2.5MM in the bank (invested in a balanced fund) after taxes and buying a new car and some blingy clothes. Back of napkin and well-researched simulation says you could probably be ok withdrawing 3% / year ($75k) for life and never run out of money. To REALLY retire at 22 and feel good about not going the NFL route, you probably need more like $10MM earned. Somebody will hit that number in next 5 years, I bet.
There will be some really great college players who would not be really great NFL players. We'll see some take this option.
Fund managers and financial planners will now be a position hired within the AD at Alabama. They will go on recruiting visits with Nick Saban and when it comes to the financial advantages Alabama offers, he will pull out the investing plans the parents/player can pick from.The Universities that would like to survive this brave new world will have the infrastructure in place to help the player navigate these waters and make proper decisions. I would be stunned if Alabama does not already have that or actively working to build it.
The Universities that would like to survive this brave new world will have the infrastructure in place to help the player navigate these waters and make proper decisions. I would be stunned if Alabama does not already have that or actively working to build it.
Yep & Yep. Of course the bigger issues that coaches now have to worry about is, if you're doing all this NIL work, when are you studying and going to class? Also, how does this affect team chemistry that Bryce is getting $1MM and his OL is getting $10K (or whatever)? Hoping this is not as much of a problem for Bama's guys, but certainly one that will crop up in lots of places.Fund managers and financial planners will now be a position hired within the AD at Alabama. They will go on recruiting visits with Nick Saban and when it comes to the financial advantages Alabama offers, he will pull out the investing plans the parents/player can pick from.
I think the real question is when do some players start trying to refuse to leave college? The concept of college amateurism includes the notion of a student who hasn't started their profession yet. You can keep going to college, my wife is a professional working on her masters at Alabama. Alabama players have turned pro, gone to the NFL and then returned to finish their degree at Alabama. Why would eligibility for a de-facto pro athlete be limited to four years of playing? Furthermore why couldn't someone who had a failed NFL career just return to college if he still had eligibility left?How many millions would it take, for a big name college player to have enough by his senior year, to retire from football and skip the pros.
the Tommy Boy plan!I think the real question is when do some players start trying to refuse to leave college? The concept of amateurism includes the notion of a student who hasn't started their profession yet. You can keep going to college, my wife is a professional working on her masters at Alabama. Why would eligibility for a de-facto pro athlete be limited to four years of playing?
Look at Blake Sims. He's finally back on a pro team, but he certainly would have made more in NIL deals as a star quarterback in a Power 5 conference.
So, while the next thing seems to be the NCAA relaxing what colleges can do for players (in terms of things they provide and I hope removal of some of the arbitrary scholarship and coach limitation), we might end up questioning the basic premise of a student-athlete. Should they have to go to school if their paying job is football? Should they have to stop playing after a few years if it's how they make their living? Not everyone can go to the NFL...
Old enough to remember this well...Fortunately, nothing can possibly go wrong with 18-year olds who become overnight millionaires.
I could see maybe one or two get a few bucks to appear at a sports bar that is a USA sponsor. But people at the USAs of the world should know where they are on the totem pole of college football.I've been pretty cynical about a lot of the NIL stuff and I've been pretty clear on my stance that for the vast majority of FBS players the NIL money is really going to be insignificant.
To give an example, my city has South Alabama football. You could put players on a billboard but no one would even know who they are. The local weatherman is better known. So if those guys are getting money it's pretty much just boosters.
Having said that, there has always been the college superstar types and those guys can fetch large sums. Tebow would have been a multi-millionaire while in college. I certainly hope Alabama has things setup so the top Alabama players are raking in the cash. This can only help attract talent.
USA also has major casinos within 40 minutes of it.I could see maybe one or two get a few bucks to appear at a sports bar that is a USA sponsor. But people at the USAs of the world should know where they are on the totem pole of college football.
In theory, yes, though I'm sure we both agree it's on a case-by-case basis.An 18 year-old overnight-millionaire will fare better at Bama than a 21 year-old overnight-millionaire who only has his manager to rely on (NFL).
I caught that too…
C’mon man…Jason Smith isn’t just a weatherMAN…he’s also a heck-of-a fisherMANI've been pretty cynical about a lot of the NIL stuff and I've been pretty clear on my stance that for the vast majority of FBS players the NIL money is really going to be insignificant.
To give an example, my city has South Alabama football. You could put players on a billboard but no one would even know who they are. The local weatherman is better known.
You mean like that Clemson player who had 25 years of eligibility?I think the real question is when do some players start trying to refuse to leave college? The concept of college amateurism includes the notion of a student who hasn't started their profession yet. You can keep going to college, my wife is a professional working on her masters at Alabama. Alabama players have turned pro, gone to the NFL and then returned to finish their degree at Alabama. Why would eligibility for a de-facto pro athlete be limited to four years of playing? Furthermore why couldn't someone who had a failed NFL career just return to college if he still had eligibility left?
Look at Blake Sims. He's finally back on a pro team, but he certainly would have made more in NIL deals as a star quarterback in a Power 5 conference.
So, while the next thing seems to be the NCAA relaxing what colleges can do for players (in terms of things they provide and I hope removal of some of the arbitrary scholarship and coach limitation), we might end up questioning the basic premise of a student-athlete. Should they have to go to school if their paying job is football? Should they have to stop playing after a few years if it's how they make their living? Not everyone can go to the NFL...
I guess if they autograph his hat he can pay for it with a carThe big question. Can Bryce buy each of his OL a brand new car? Or will that be a violation ?