NIL struggles

[BKCuse]

I’d wager a lot of money he is not worth a billion dollars. I know he claims he is worth $1.5b (he says as much on his website, which is a bit of a red flag). But nothing about it adds up.

Even if you take his annual revenue at face value (his website says 750M) and then apply standard margins for that industry…and then assume he owns 100 percent of the company with no other investors or debt…you don’t get to the valuation that supports his net worth being anywhere close to 1.5B unless he’s sitting on tremendous assets or investments elsewhere. Given the lavish lifestyle he lives and the properties he has owned….i don’t think that’s likely. My guess is he’s worth a fraction of what he claims he is.

I think most people who care to tell you what they are worth are lying about it. Especially the newly rich.

 

[Cusefan0307]

But haven't the goalposts moved regarding NIL. Isn't it legit to now directly pay players. Couldn't someone circumvent the entire university and just decide to pay some recruits independently under the guise of the Red Autry Discretionary Fund.

It could be that Syverud just doesn't like AW and doesn't want him connected to SU. And probably didn't like him hanging out with his HOF basketball coach.

This isn’t Kent on his own. I’m not sure why this continuously needs to be repeated.

 

[Cusefan0307]

Big changes coming to NIL.

 

[cliftonparksufan]

This isn’t Kent on his own. I’m not sure why this continuously needs to be repeated.

I was just commenting on the article that 007 posted where AW put the blame on KS. It could be KS, JH, the BOT or a combination of some of them or all of them. Collectively, one could say the SU administration, but AW chose to single out KS.

Probably why it keeps getting rehashed.

 

[Cusefan0307]

I was just commenting on the article that 007 posted where AW put the blame on KS. It could be KS, JH, the BOT or a combination of some of them or all of them. Collectively, one could say the SU administration, but AW chose to single out KS.

Probably why it keeps getting rehashed.

Let’s put it this way. If KS left today I don’t think AW would be back. I trust AW’s words as much as I trust the average politician.

 

[cliftonparksufan]

Big changes coming to NIL.

Lots to digest but are the schools really going to police themselves, especially a conference like the SEC. Many boosters have been giving bags for 100 years. Probably back to Jim Thorpe, Red Grange and Bronko Nagurski.

 

[cliftonparksufan]

Wow. This just popped up in my feed.

 

[NJneer12]

Wow. This just popped up in my feed.

Would have been better with the Sarah McLachlan music behind him like he's an abandoned animal in a 3rd world country.

 

[OrangeXtreme]

Would have been better with the Sarah McLachlan music behind him like he's an abandoned animal in a 3rd world country.

We can feed a student athlete for just $19 a month.

 

[orange79]

Big changes coming to NIL.

lol

The fox is now guarding the hen house.

What could possibly go wrong?

 

[Scooch]

Wow. This just popped up in my feed.

Oy vey.

 

[Cusefan0307]

lol

The fox is now guarding the hen house.

What could possibly go wrong?

Will be like it was before. There will always be cheating.

 

[cliftonparksufan]

Oy vey.

Actually that was posted eight weeks ago and has 60,000+ likes. I'm surprised it hasn't made its way around the CBB world, unless it has and had no impact.

 

[Capt. Tuttle]

That makes zero sense.

You don’t upset your biggest donors, even if it costs you smaller donors.

 

[SUfanNC]

You don’t upset your biggest donors, even if it costs you smaller donors.

I guess the S isn’t the most important thing to those donors then.

Letting emotions get in the way, if that is the case.

 

[cusefan88]

The basketball team has a good portal haul and retained Donnie. I would argue this thread is pointless because the NIL is solid and competitive.

 

[Cusefan0307]

The basketball team has a good portal haul and retained Donnie. I would argue this thread is pointless because the NIL is solid and competitive.

Agreed. We should really be celebrating the people that stepped up this offseason instead of crying about someone who will only donate under his own stipulations.

 

[sufan59]

The basketball team has a good portal haul and retained Donnie. I would argue this thread is pointless because the NIL is solid and competitive.

That’s the part that was frustrating. You’re just not caught up of where this program is at currently if you’re still saying “we need Weitsman back because we’re struggling”. If we were better last season, everyone nationally would be applauding what the staff did in the portal. If they approach it, “The situation is better, Weitsman can take us to another level”. It may have more credibility.

 

[oldpinepoint]

I guess the S isn’t the most important thing to those donors then.

Letting emotions get in the way, if that is the case.

Nobody is bigger than the S, that means AW needs to do it the right way. He is no bigger than SU. honestly this conversation is same thing over and over. Can we please just lock this.

 

[kingtidge]

Nobody is bigger than the S, that means AW needs to do it the right way. He is no bigger than SU. honestly this conversation is same thing over and over. Can we please just lock this.

That's the issue here.

There seems to be some very arbitrary, administration/BOT-imposed rules as to what the "right way" is.

I would argue that as long as it's legal, cleared by the school compiance office (and soon to be NCAA clearinghouse), that is the right way...

If we're still going to block donorship NIL under other, self-imposed arbitrary scenarios, then something is not right... especially if other competing programs are NOT follwing these same arbitray, self-imposed rules. We'll essentially be putting our program under a self-imposed NIL disadvantage.

 

[oldpinepoint]

That's the issue here.

There seems to be some very arbitrary, administration/BOT-imposed rules as to what the "right way" is.

I would argue that as long as it's legal, cleared by the school compiance office (and soon to be NCAA clearinghouse), that is the right way...

If we're still going to block donorship NIL under other, self-imposed arbitrary scenarios, then something is not right... especially if other competing programs are NOT follwing these same arbitray, self-imposed rules. We'll essentially be putting our program under a self-imposed NIL disadvantage.

I don’t think it’s arbitrary at all. They are saying donate to NIL, use the collective. Collective has control, knows the rules.

While your scenario as long as it’s legal, checking with compliance etc could work, you are putting a lot of faith on the individual donating, checking with compliance with every thing. In this scenario the school loses control.

I honestly don’t know what others schools do and frankly I don’t care. We are only putting ourselves at a disadvantage if people don’t donate to the collective because they are butt hurt about wanting to do things their own way.

So I would argue if a donor loves Syracuse or a coach so much they will do everything to help. If I was in his situation I would say hey Red, how can I help. Well Pine I need $500k for a top shelf PF. Ok what’s the best way for me to help, well can you donate it to the basketball collective. You got it red! It’s just the simple and quite frankly my greatest disconnect with this whole entire thing.

I also don’t buy the BS administrative cost of donating to a collective. Every NFP has administrative costs. Make a wish, Red Cross, Ronald McDonald, food bank. It’s the cost of doing business, if you are worried about wasted money donating to an NFP for administrative costs than the reasons why you want to donate to the cause are disingenuous at best. You might have an argument if the administrative costs are exceedingly high.

I get what you are saying but it’s not like there isn’t an easy work around. That fact that he doesn’t says everything I need to know. He is all sizzle and no steak.

 

[capeorange]

I don’t think it’s arbitrary at all. They are saying donate to NIL, use the collective. Collective has control, knows the rules.

While your scenario as long as it’s legal, checking with compliance etc could work, you are putting a lot of faith on the individual donating, checking with compliance with every thing. In this scenario the school loses control.

I honestly don’t know what others schools do and frankly I don’t care. We are only putting ourselves at a disadvantage if people don’t donate to the collective because they are butt hurt about wanting to do things their own way.

So I would argue if a donor loves Syracuse or a coach so much they will do everything to help. If I was in his situation I would say hey Red, how can I help. Well Pine I need $500k for a top shelf PF. Ok what’s the best way for me to help, well can you donate it to the basketball collective. You got it red! It’s just the simple and quite frankly my greatest disconnect with this whole entire thing.

I also don’t buy the BS administrative cost of donating to a collective. Every NFP has administrative costs. Make a wish, Red Cross, Ronald McDonald, food bank. It’s the cost of doing business, if you are worried about wasted money donating to an NFP for administrative costs than the reasons why you want to donate to the cause are disingenuous at best. You might have an argument if the administrative costs are exceedingly high.

I get what you are saying but it’s not like there isn’t an easy work around. That fact that he doesn’t says everything I need to know. He is all steak and no sizzle.

Don't you mean all sizzle and no steak?

 

[oldpinepoint]

Don't you mean all sizzle and no steak?

Do I have that backwards? Yes I did, thanks

 

[Trueblue25]

I’ll never trust someone who goes about “righting” this via a social media campaign. Have to take a step back and look at this situation for what it is.

 

[kingtidge]

I don’t think it’s arbitrary at all. They are saying donate to NIL, use the collective. Collective has control, knows the rules.

I am not a multi-millionaire or billionaire.

If I was, I would not be donating millions to a collective and ceding all control of how it's used to the collective.

I would have my own NIL lawyer and work my own deals and contracts. Now if those deals need to be cleared through a collective, administration compliance, and the NCAA clearinghouse, ok... whatever works to enable the deals legally. If one whale is donating millions in NIL, it's also conceivable they set up their own collective for greater control.

Anyways, "...just write the $1mil+check and send it to Orange United..." is not the route a whale is going to go about donate millions.