New Podcast Guest next week -- Any questions?

[Richie O]

Next week we will be having some very involved with Penn State and their NIL Collective, so I wanted to give you guys the opportunity to submit questions and I will ask them for you guys, as long as they are within reason. So start firing away below!

 

[RickinDayton]

Next week we will be having some very involved with Penn State and their NIL Collective, so I wanted to give you guys the opportunity to submit questions and I will ask them for you guys, as long as they are within reason. So start firing a

What s the truth about the availability of NIL for the Bball program and where is it in Relation to other B1G teams?

 

[The Spin Meister]

How do they go about raising funds? Do they ‘recruit’ ….raise funds….nationally? How do they convince national donors to work with Penn State vs other schools? How large a region can they raise funds? ….Jersey, NYC, Maryland, etc?

 

[Richie O]

Keep em coming!

 

[The Spin Meister]

What restrictions/ legal requirements on NIL advisors? Certified Financial Adviser? Liability insurance, licensing?

Lots of money in flux >>>>>>attracts crooks!

 

[The Spin Meister]

Technically, college players aren’t allowed to sign with an agent or they lose their eligibility. What’s to prevent agents from being NIL advisers and getting players under contract early?

 

[ejb25]

What is being promised in an NIL package to a recruit and to an existing athlete that could leave for the transfer portal? Is it a dollar amount? Is it a possible contract with a business to pay them? Do some recruits get promised more money than others? Or is there a standard amount that a typical PSU football player might make as a basseline?

 

[PaoliLion]

Next week we will be having some very involved with Penn State and their NIL Collective, so I wanted to give you guys the opportunity to submit questions and I will ask them for you guys, as long as they are within reason. So start firing away below!

Why pay a coach more than $500K - would we do better if we took all of the comp for the basketball coach and paid it out in NIL?

I jest

 

[bdgan]

Why pay a coach more than $500K - would we do better if we took all of the comp for the basketball coach and paid it out in NIL?

I jest

That's actually not a bad question. I don't think the school can pay NIL but is there a limit to what they can pay players to run summer camps? Can they pay players $25k to do that?

 

[bdgan]

Are coaches even allowed to discuss NIL opportunities with players? Or are they only allowed to tell prospects that they are aware of certain opportunities and give them a number to call?

 

[PaoliLion]

That's actually not a bad question. I don't think the school can pay NIL but is there a limit to what they can pay players to run summer camps? Can they pay players $25k to do that?

I was a huge shrewsbury fan, but he hugely benefitted from having a bunch of talented senior free agents that joined the team. I’m sure they were enticed with NIL. As a thought exercise, you could image a scenario where you hire “up and coming” assistant coaches into 3-year contracts under $1M/year with heavy penalties for early exits. However, you pay NIL significantly over market. A lot of talented coaches would jump at that opportunity to build their resume and, I would imagine, few(er) of the players would exit when the coach entered the transfer portal . In other words, you build the assumption that we’ll have a rotating head coach into the model.