Keeping Up With Old Friends Thread
- Thread starter RedStormNC
- Start date
In general I think having multiple collectives can be a good thing because in the end it's all about raising as much as we can to build a championship caliber roster. (Holy crap, writing "championship roster" is either an accurate goal or I'm totally buying into CRP propaganda. In the latter case I'm a willing victim).
The phrase "equity partner" to describe Sean's relationship to tge Johnny's Collective botthers me a bit. Generally speaking, when we talk about for profit businesses, equity partners defines an ownership stake with the end goal to make $$ after expenses are paid. I've never heard of anyone owning a charity and being an equity partner.
Not that collectives are charities, because NIL collectives are going to have a difficult time becoming legitimate charities with a siginificant amounts of time and $ poured into the charitable endeavor. Still, I believe it's a reasonable path in order to attract donors who can take charitable deductions with athletes being paid for their time to promote and participate in charitable endeavors.
I know Vin from Storm really well, and have gotten to know his law firm partners also. They are pouring hundreds maybe thousands of hours into Storm, and receiving no compensation whatsoever from NIL dollars raised. To my knowledge at this point Storm is operating at a deficit in order to send a very high % of supporter dollars to athletes. To run events such as yesterday or dinners and bar meetups have a cost but Storm absorbs some of these costs out of pocket or using law firm resources (offices, phones, personnel, etc). Their goal as far as I can see is for sju to field great teams. The by product is the visibility helps their law firm.
I also know some of the principals and volunteers at Flattop, who prefer not to be publicly identified and I respect that. I can tell you they have been involved supporting sju and being great members of the sju community for a long time. One of their younger volunteers I've known his entire life, is a great person from a great family and bleeds sju red though he didn't go here. I would trust those guys implicitly with anything, not to mention that Matt A goes way back with them.
I don't know the Johnny's collective guys but have nobreason to believe their intentions are any different than the other 2 collectives.
What I am saying that at this very moment SJU needs about $3 million NIL for 24-25 season. if a collective has a profit incentive, even if they can keep operating expenses as low as 10-15%, there is no room for profit to equity partners without cutting deeply into what goes to athletes.
To me, the numbers just don't work for basketball only collectives to have a profit motive. Otis tells me that football collectives at top schools have to raise 30-40 million dollars at present. Those numbers would allow for say a 3-4% profit margin making it a reasonable business to operate. A 3% profit margin on a $3 million collective would be 90k - not exactly attractive to invest all that time and effort for profit only.
This is the wild west phase of collectives and alls I know is that $3 million rapidly mayerialized here from 1.5-2 only a few weeks ago. I'd be shocked if that number doesn't rise to 5 million in two years in order to field an elite roster. Anyone doing this for profit will have a rude awakening and crash and burn, IMO.
That all being said, am happy Sean is back involved helping sju bball and wish the new collective well.
Great article. Thanks, Paultz.
'The Basketball Gods will always reward this place': The NBA's premier pickup game, and the man behind it all
In what has been the summertime destination for generations of NBA players and star prospects, the Rico Hines runs on the UCLA campus are the ultimate pickup games -- with plenty of twists and high stakes.www.espn.com
Former walkon Jason Simpson. who appeared in 5 games the last two seasons, finds a home at Florida State. Good luck to him.
bvmsports.com
Florida State Adds Transfer Jason Simpson with High Expectations for the 2023-24 Season
Florida State Seminoles have added a new player to their 2023-24 roster, with the acquisition of Jason Simpson, brother of former Seminole star Scottie Barnes.
bvmsports.com
Am I living in an alternate universe? Simpson averaged 12, 7 and 2 at St. John’s? What games and team have I been watching? Talk about fake news.Former walkon Jason Simpson. who appeared in 5 games the last two seasons, finds a home at Florida State. Good luck to him.
Florida State Adds Transfer Jason Simpson with High Expectations for the 2023-24 Season
Florida State Seminoles have added a new player to their 2023-24 roster, with the acquisition of Jason Simpson, brother of former Seminole star Scottie Barnes.
Clearly the blogger didn't do their homework.
At least the school website got it right.
Jason Simpson - 2024-25 - Men's Basketball - Florida State University
Jason Simpson (4) Guard - Jason Simpson’s Career-High’s STLS: 1 at Xavier (2-4-23*) ASTS: 1 at Creighton (1-15-23*) *denotes while Saint John’s WHY I WEAR MY...
Marillac Hall pickup league
Clearly the blogger didn't do their homework.
At least the school website got it right.
Jason Simpson - 2024-25 - Men's Basketball - Florida State University
Jason Simpson (4) Guard - Jason Simpson’s Career-High’s STLS: 1 at Xavier (2-4-23*) ASTS: 1 at Creighton (1-15-23*) *denotes while Saint John’s WHY I WEAR MY...seminoles.com
Blogger must have him mixed up with AJ Storr or Kolby King, kinda like whathizname.
L J S A
Well-known member
"The summary of the linked article was generated with the assistance of artificial intelligence technology from OpenAI"
AI did a great job in mashing true statements together into something that absolutely sucked.
Former walkon Jason Simpson. who appeared in 5 games the last two seasons, finds a home at Florida State. Good luck to him.
Florida State Adds Transfer Jason Simpson with High Expectations for the 2023-24 Season
Florida State Seminoles have added a new player to their 2023-24 roster, with the acquisition of Jason Simpson, brother of former Seminole star Scottie Barnes.
Congrats to him, however some “some major inaccuracies” in the article:
“Simpson averaged 12.0 points, 7.0 assists, and 2.0 steals per game at St. John's, shooting 40% from three-point range.”
Who does their fact checking. If he had those numbers here, I think the Board would have been more vocal about his leaving.
SJUDave
Well-known member
Nice piece on Dylan and how he’s fitting in at Seton Hall with quotes from former asst coach Shoes
Seton Hall basketball: Dylan Addae-Wusu 'a match made in heaven' for Shaheen Holloway
A former St. John's coach on how the transfer guard can impact the Pirates, on and off the court.
www.app.com
Dylan took a lot of grief from our fan base but he can play on my team anytime. One of the few guys, along with Joel, who didn't spend half the time tuned out from the coaching staff. He'll thrive with Holloway imho.Nice piece on Dylan and how he’s fitting in at Seton Hall with quotes from former asst coach Shoes
Seton Hall basketball: Dylan Addae-Wusu 'a match made in heaven' for Shaheen Holloway
A former St. John's coach on how the transfer guard can impact the Pirates, on and off the court.www.app.com
“The things that Dylan brings into a locker room are toughness and he’s going to hold guys accountable, because he’s going to work his (butt) off every day in practice,
Wasn’t this the opposite of what was going on last season? Wasn’t that what Father Shanley saw when he showed up at practice? Didn’t he punch an equipment guy or something?
Wasn’t this the opposite of what was going on last season? Wasn’t that what Father Shanley saw when he showed up at practice? Didn’t he punch an equipment guy or something?