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Syracuse Athletics
Syracuse Men's Basketball Board
A NIL Collective for Basketball - It's a Shame Syracuse Doesn't Have One
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[QUOTE="kingtidge, post: 5741166, member: 994"] For whales, you need a collective with: [LIST] [*]Business bank account [*]Multiple methods for funding it (wire, ACH, Check, CC, etc.) [*]Intermediary handlers for player/agent negotiations and school/program communication on player targets and funding available [*]Contract lawyers/Legal services, for contract writeup/finalization [*]Clearinghouse support to meet all compliance requirements [/LIST] Once you have all that, expanding an arm to take smaller donations from fans is a no-brainer (front-facing donor website and donor app). I would think that SU fanbase size could garner between $500K - $1 mil in smaller fan donations if done right year 1. Just a conservative guess but not peanuts. Then you add marketing for small and mid-level donations and auto-renewal options (monthly, quarterly, annual): [LIST] [*]Marketing support for NIL special fundraising events, donation promotions and scheduling, digital advertising prospecting, canvasing, and re-marketing, email and sms marketing and auto-renewal donations/retention, etc. [/LIST] The real question is do we develop that business structure in-house or partner with 3rd party services for that structure? We've already been burned once when we did 3rd party outsourcing with SANIL, so there is precedent to consider more control and less reliance on 3rd party operators for this. Also, FWIW, reading between the lines, SANIL was the most "cost-effective" 3rd party collective service available and it turned out their revenue stream and ROI model was not sustainable, so going 3rd party with the cheapest option has risks. Lesson hopefully learned. [/QUOTE]
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A NIL Collective for Basketball - It's a Shame Syracuse Doesn't Have One
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