Pure insanity! Need a CBA
The $10 million club: College basketball's portal recruiting hits unthinkable levels of financial chaos
The price of talent is spiking to record amounts -- again -- now with hundreds of millions at stake in college hoops' unregulated economywww.cbssports.com
NIL’s
- Thread starter Demo
- Start date
Pardon me if this has already been discussed or it is deemed irrelevant by our managers - and perhaps to enlighten our younger posters - there is nothing new with college and cash to players.
COLLEGE AND CASH.
As has been frequently noted, the $ is now simply legal and out in the open. No need for tables to slide the money under etc.
Seemed strange to me back in the 1960s how Lew Alcindor of NYC would wind up at UCLA. And Joe successful the revered John Wooden was and is. Turns out he was ahead of his time w/NIL cash. To use the idiom, Give Me Lots of “Cash on the Barrel Head!”
It still annoys me. And the far away UCLA’s Saint John Wooden (and his cash stream) apparently deprived the local SJU college at a chance to recruit Lew Alcindor.
From You Tube:
John Wooden's UCLA dynasty was deeply intertwined with Sam Gilbert, a controversial booster who was known for providing financial and other support to players. Gilbert's involvement with the team led to NCAA sanctions and a tarnished legacy for both Wooden and the program.
Elaboration:
COLLEGE AND CASH.
As has been frequently noted, the $ is now simply legal and out in the open. No need for tables to slide the money under etc.
Seemed strange to me back in the 1960s how Lew Alcindor of NYC would wind up at UCLA. And Joe successful the revered John Wooden was and is. Turns out he was ahead of his time w/NIL cash. To use the idiom, Give Me Lots of “Cash on the Barrel Head!”
It still annoys me. And the far away UCLA’s Saint John Wooden (and his cash stream) apparently deprived the local SJU college at a chance to recruit Lew Alcindor.
From You Tube:
John Wooden's UCLA dynasty was deeply intertwined with Sam Gilbert, a controversial booster who was known for providing financial and other support to players. Gilbert's involvement with the team led to NCAA sanctions and a tarnished legacy for both Wooden and the program.
Elaboration:
- Gilbert's Influence:
Sam Gilbert, a businessman and construction company owner, became a significant figure in the UCLA basketball program, particularly during Wooden's coaching tenure. He was known for providing players with various forms of support, including material items, financial assistance, and even help with future NBA contracts.
- NCAA Sanctions:
Despite Wooden's success, Gilbert's actions led to an NCAA investigation and sanctions against UCLA in 1981. The sanctions included placing the program on probation and ordering the school to disassociate itself from Gilbert.
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School announced last week mjmaherjr jersey sales. I'm happy to announce we sold 3 last week which put me #1 on the list
Have you given them out to your relatives yet?
proud to say the first 2 sales
Oh well...who's the next contestant on the price is?$?
Let me attempt to clarify and connect my
Post to the topic so as not to transgress etc.
after all there are definite parallels.
This new college BBall portal procedure involves prices, contestants bidding, uncertainty, speculation, frustration and
since my dear friend Rip D alluded to the game show The Price is Right, here is a bit of its history for those of us old enough to remember it’s Birth:
"The Price Is Right" is a television game show franchise created by Bob Stewart, originally produced by Mark Goodson and Bill Todman. The franchise began as a daytime game show on NBC in 1956, hosted by Bill Cullen, and was later revamped for CBS in 1972 as "The New Price Is Right," hosted by Bob Barker.Drew Carey has hosted the program since 2007. The show is known for its iconic format of contestants bidding on prizes, culminating in the Showcase Showdown.
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Moved from the "Lead Guard" thread which I can't find a word in this post about.
SSG we love you, just asking that you put your posts in the thread where they belong
What if you’re Baylor? 3 on 3 League?
Apologies for the ribbing. You are correct in that there’s a need for rules that the NCAA can promulgate and that the Courts would uphold. Such as:
Salary cap, 2 year contracts, 4 years to graduate, 1 year redshirt based upon playing time (the Maker Rule) or injury (that would go into the next year, such as an ACL tear, maximum of 2 schools in your career, no inter conference transfers unless it’s to a college in your home state (you choose your college that you can have an inter conference transfer when you sign your first NIL), unlimited outside contracts for your NIL (such as shoe deals and other commercials, such as Sim with Morgan and Morgan), mandatory W2s and 1099s.
Mandatory financial disclosure statements and internal and external auditing including by the IRS.
That’s for a beginning and off the top of my head.
Death penalty for cheating programs.
Salary cap - I personally am not a fan of salary caps in any sport. Unless it is collectively bargained (unions) you will not be able to impose one as it will never fly as schools, states and players would win in court.
Multi year contracts - You can do that now but you have pros and cons and most would rather (players and coaches) not due to the cons. A four year contract didn’t stop the Tennessee QB from asking for more money and eventually leaving
Four years to graduate - Why? How does that help the game. The rule is you have to be making progress on earning a degree.
No more than two schools - I know non-athletes who have gone to more than two schools to get their Bachelor’s Degree. If they can, why can’t an Athlete. I don’t see this one surviving a lawsuit.
One redshirt year - What happens if it takes more than one year to come back? What happens if you have tow separate injuries that keep you out each for a year?
No Inter-conference Transfers - Why and how does this help the game. Many conferences had rules against this however when the one free transfer rule was enacted, they got rid of it. At least this way you can try to keep the best players in your conference. We just got our third player (one a year) from a conference rival since RP has been our HC.
Unlimited Outside Contracts for your NIL - You can already do that however in the proposed Settlement, the NCAA wants to limit that and the Judge said no. NCAA came back with if deals are over a certain amount it has to be revised approved. The judge still has questions.
If your point is NIL should only come through that means, that ship has sailed and that’s why there is going to be revenue sharing.
W-2 and 1099 Forms - Players are supposed to report their income (including NIL) just like everyone else.
Mandatory financial disclosure statements and internal and external auditing including by the IRS - Who is filing these mandatory financial disclosure statements and why. I am not a fan of having people file a FDS but understand it and agree for elected politicians and for some government employees (depending on their position and responsibilities). But making players do it is overkill. What’s the point, what are you trying to solve? Who does the internal audit and whom are you auditing? Last I checked, Government is being downsized and the IRS already have their hands full. And why should athletes be under more scrutiny than the general public because they play a sport?
Death penalty for cheating programs - something the NCAA will probably never do again due to what happens and the length of time for a program that has suffered such a penalty (SMU) to come back from it.
Your points are all excellent. Very well thought out and realistic. I hope the NCAA takes a look at this issue and puts some real guidelines in place. Otherwise it will be up to Congress. Much appreciated 85.
L J S A
Well-known member
And what happens if you don't spend the money and therefore aren't competitive at a place like Kentucky?
Redenbacher
Well-known member
So Kentucky is spending $20 million on their roster? Would like to see the source for this figures. SJU is reportedly at around $10 million by comparison.
Based on no information I do not see how we are under around $14 million currently and assume we would be pushing $18 million with Fland.
Redenbacher
Well-known member
Would be interesting to see the split of how much of that is coming directly from the school vs Repole/other donors.
What will not be interesting is when people complain about ticket prices going up or games not being played on campus or that their seats are worse because they have not joined Red White or contributed to the program.
Whether folks like it or not, it has never been clearer that putting a winning team on the floor costs A LOT of money and that is not coming out of English Literature or law school professor salaries.
Of course, I feel for those long time diehards on here who have spent for years when we were down or mediocre and have had their ticket situation impacted by success. At the same time, I think they'd even admit that they will take the fun of last year over any alternative, when games at the Garden were an absolute party atmosphere.
I'm a multi-year season ticket holder, MSG plan only. I've expanded my lot over the years. Good seats. If I have to get "worse" seats, or if I have to minimize how many I purchase annually because of our success on the court and the corresponding increase in fees, I will happily do so after experiencing the last several decades as a SJU fan.
I'll guarantee you that even with increased costs, this will still be the best bargain in town. Because the professional sports tickets prices only go up when our teams succeed and they are already exorbitant.