Staff Addition

[logen]

As for the current situation, my understanding, emphasis on understanding, not knowing, is that there are pledges of monies not yet received that creates the current accounting deficit.
That was shared with me by someone who I would think would know but it is certainly second hand info so take it FWIW.

 

[monte]

It must be a tough challenge - getting alums/fans to donate to school and/or Red White Club...and now also have same base donate to NIL. Seems more like redistribution and doubt school wants to lose what directly comes in.

NIL also needs to be run like a business, not a charity. In what universe are marketing companies asking for donations to pay their clients? Im no marketing wiz, but isn't the whole idea for marketing companies to connect business owners and players? Otherwise the entire system is a farce. Oh wait, it already is.

 

[bucketshardy]

It may be tough but IMO if Stanley, etc. hired Pitino not understanding and taking into account the NIL factor realistically it was just another in a long line of SJU bad hires. For the record, I don’t believe that is the case at all, either by Shanley offering or Pitino accepting.

By all accounts of Shanley and Pitino... they are the definition of professionals. Knowing we are in a different world with NIL- they had to have this ironed out at the time of hire. That's why Beasts point 1- being at a deficit interests me.

 

[dk423]

NIL also needs to be run like a business, not a charity. In what universe are marketing companies asking for donations to pay their clients? Im no marketing wiz, but isn't the whole idea for marketing companies to connect business owners and players? Otherwise the entire system is a farce. Oh wait, it already is.

Before the IRS ruling, some NIL collectives were literally "non-profits" paying athletes to "do community work" which had the same tax advantages then donating to the university's athletic program. So there were issues with people who would donate to the athletic program would instead donate to the NIL so they have more control of where the money is going.

Even without that distinction, local companies will have to decide -- is it worth more money to get an advertising agreement with a McDonald's All American in basketball vs. the logo in the bleachers at a non-revenue generating sport?

It's honestly not easy. Us having a GM to navigate these problems for basketball is super important.

 

[monte]

The system is broken. It needs to be fixed. Not my problem. Let everyone who is making all the money off this billion dollar business figure it out. Till then, I'll spend my hard earned money to support the team the same way I always have; tickets, merchandise, food, alcohol.

 

[Mean Gene]

That's what I'm wondering. And if we did, that's a very very bad business move.

Do you think Pitino would do that without knowing that he had some more NIL funding on the horizon??? Also. Wasn’t Matt A. hired to boost NIL funding etc. Isn’t that one of his main functions in his new position??

 

[panther2]

I think that we are discussing something that none of us truly understand and are missing some important elements. For example, if St John’s plays well this year and Wilcher is an important part, outside entities may offer him NIL deals based on name recognition, the same goes for other players. What I have seen so far is consistent talk about St John’s in the newspapers and other forums. Pitino alone is responsible for this. When he is successful, opportunities for players will expand exponentially.

 

[paultzman]

Do you think Pitino would do that without knowing that he had some more NIL funding on the horizon??? Also. Wasn’t Matt A. hired to boost NIL funding etc. Isn’t that one of his main functions in his new position??

That is Matt’s primary goal and responsibility as I understand it

 

[dk423]

The system is broken. It needs to be fixed. Not my problem. Let everyone who is making all the money off this billion dollar business figure it out. Till then, I'll spend my hard earned money to support the team the same way I always have; tickets, merchandise, food, alcohol.

I think to even call it a "system" is being overly nice.

 

[mjmaherjr]

I think that we are discussing something that none of us truly understand and are missing some important elements. For example, if St John’s plays well this year and Wilcher is an important part, outside entities may offer him NIL deals based on name recognition, the same goes for other players. What I have seen so far is consistent talk about St John’s in the newspapers and other forums. Pitino alone is responsible for this. When he is successful, opportunities for players will expand exponentially.

Exactly. Also packing msg especially the good seats and then the boxes with corporate buys leads to potential higher $ people getting involved with us and NIL.

As of now the only person with a consistent suite at MSG is Eric because he does so much online gambling the gambling companies keep offering him the suite

 

[kranmars]

I see things are back to normal. The forum has returned to its regularly scheduled worrying.

The consistently positive news concerning the program was so last week.

 

[IDRAFT]

It must be a tough challenge - getting alums/fans to donate to school and/or Red White Club...and now also have same base donate to NIL. Seems more like redistribution and doubt school wants to lose what directly comes in.

You nailed it. The schools accrue all the revenue and free publicity, etc.

Now that the players want a piece of the pie the schools still don’t want to give it to them, they want the fans to buy more pie.

And I know the schools can’t directly pay the players, but let’s be real - there are ways to work this without expecting fans to generate this money.

 

[IDRAFT]

The system is broken. It needs to be fixed. Not my problem. Let everyone who is making all the money off this billion dollar business figure it out. Till then, I'll spend my hard earned money to support the team the same way I always have; tickets, merchandise, food, alcohol.

Agreed.

 

[ADORAZ]

I think the deficit thing may be overblown. Sounds like a normal business practice. If money isn't owed immediately, then those who have pledged money are smart to hold onto it so they can invest in the stock market or whatever, which is up a couple percent over the past month. No way they add a bonus piece like Wilcher so late otherwise.

That said, I do get the urgency for more NIL funds. I also think the NIL funds need to offer fans incentives for donating. For virtually everything else people get something in return, such as donating to a popular podcast and getting access to bonus episodes.

Just for example, if it's allowed then offer fans an autographed team photo if they donate $300. That's something that'd definitely get me to donate more. I know they did the autograph event, but it's a hike for me to get to the campus.

 

[IDRAFT]

I think the deficit thing may be overblown. Sounds like a normal business practice. If money isn't owed immediately, then those who have pledged money are smart to hold onto it so they can invest in the stock market or whatever, which is up a couple percent over the past month. No way they add a bonus piece like Wilcher so late otherwise.

That said, I do get the urgency for more NIL funds. I also think the NIL funds need to offer fans incentives for donating. For virtually everything else people get something in return, such as donating to a popular podcast and getting access to bonus episodes.

Just for example, if it's allowed then offer fans an autographed team photo if they donate $300. That's something that'd definitely get me to donate more. I know they did the autograph event, but it's a hike for me to get to the campus.

Even PBS used to give people a tote bag!

 

[bucketshardy]

I think the deficit thing may be overblown. Sounds like a normal business practice. If money isn't owed immediately, then those who have pledged money are smart to hold onto it so they can invest in the stock market or whatever, which is up a couple percent over the past month. No way they add a bonus piece like Wilcher so late otherwise.

That said, I do get the urgency for more NIL funds. I also think the NIL funds need to offer fans incentives for donating. For virtually everything else people get something in return, such as donating to a popular podcast and getting access to bonus episodes.

Just for example, if it's allowed then offer fans an autographed team photo if they donate $300. That's something that'd definitely get me to donate more. I know they did the autograph event, but it's a hike for me to get to the campus.

Was thinking meet-ups with people who contribute to Storm Marketing- but they have those already - what would be interesting and probably well attended- invites to Open Practice(s) to see our investment in action! lol

 

[ADORAZ]

Even PBS used to give people a tote bag!

Lol I'm sure Storm Marketing or similar can create some cool stuff with how easy it is to print online these days. Even though everything by design would be overpriced (fans would understand the primary goal is for the athletes), I think it'd go a long way offering collectibles just so donorrs can get something in the mail (or events or whatever).

The only other thing where I typically get nothing in return is from actual charities, and those personally are far more important. I want them putting every penny into cancer research or whatever. For everything else I want something more than "maybe this will impact X recruit by 0.1% to stay", when far more likely it'll be an NIL booster dropping much more than I could ever afford. Yeah yeah every penny counts, but the point is valid.

IMO NIL in general is pretty out of touch for the average fan. No pro sport does it, asking for money with nothing guaranteed in return. This can be an area that our NIL innovates.

 

[billthetruth]

I see things are back to normal. The forum has returned to its regularly scheduled worrying.

The consistently positive news concerning the program was so last week.

It's always the same half dozen. It's like clockwork.
Their ad nauseum facilities argument now turns to NILs.

Thank God the forward-looking Father Shanley is making the decisions now.
He doesn't seem to like to walk to the beat of the mom-and-pop drum

 

[mjmaherjr]

You nailed it. The schools accrue all the revenue and free publicity, etc.

Now that the players want a piece of the pie the schools still don’t want to give it to them, they want the fans to buy more pie.

And I know the schools can’t directly pay the players, but let’s be real - there are ways to work this without expecting fans to generate this money.

Hopefully winning increases # of students enrolling

 

[kranmars]

Was thinking meet-ups with people who contribute to Storm Marketing- but they have those already - what would be interesting and probably well attended- invites to Open Practice(s) to see our investment in action! lol

“Investment in action” comes across as a rec league comprised of bankers and brokers in overpriced workout clothes.