NIL struggles

[BKCuse]

SU told Weitsman that he had to run his money through a collective.

Weitsman said no, but that he'd have his lawyer ensure his donations were compliant.

SU told Weitsman that he had to run his money through a collective.

/scene

Everything else is peripheral.

Honestly this is the first I heard this explanation. I don’t think this narrative is out there. If true it should be.

 

[Cusefan0307]

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.

Interesting that EVERY other school operates the same way. At Duke the minimum donation to their main collective is a million and they have no issues getting whales to donate.

 

[kingtidge]

Interesting that EVERY other school operates the same way. At Duke the minimum donation to their main collective is a million and they have no issues getting whales to donate.

I said NIL donations should be cleared through a collective, if needed. Whatever is legally necessary should be followed to a T.

My point was NO WHALE is writing a million-dollar+ blank check to a collective to do whatever they want with it. They will want control and ability to structure their own deals with players and it is my understanding collectives are supposed to be able to work with big donors in that sort of specialized capacity, no?

And yes, if AW was serious, he'd investigate that route (if he hasn't already.)

 

[rrlbees]

This thread…..Wow.

 

[Cusefan0307]

I said NIL donations should be cleared through a collective, if needed. Whatever is legally necessary should be followed to a T.

My point was NO WHALE is writing a million-dollar+ blank check to a collective to do whatever they want with it. They will want control and ability to structure their own deals with players and it is my understanding collectives are supposed to be able to work with big donors in that sort of specialized capacity, no?

And yes, if AW was serious, he'd investigate that route (if he hasn't already.)

Investors are not negotiating with players. Businesses do. Collectives do. It’s centralized for a reason.

 

[cuseattle]

This thread…..Wow.

Yet I can't look away.

 

[kingtidge]

Investors are not negotiating with players. Businesses do. Collectives do. It’s centralized for a reason.

So you are saying that a whale donor won't have an LLC they're funneling their million$$+ donations or working player contracts through...

Got it.

 

[ar inj]

So you are saying that a whale donor won't have an LLC they're funneling their million$$+ donations or working player contracts through...

Got it.

The people donating a million a year will have done their due diligence upfront and let the collective/school use it as it sees fit, in part because a million is chump change to those who have the wherewithal to do it. Indeed, nobody knows who is donating to the Duke coffers unlike the minnow Syracuse who only wants to donate if they can scream to everybody, "Look what I did."

Please lock this thread

 

[jr4750]

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.

Exactly. We stole a stud PG from a conference rival. If that happened to us people would have been livid. We have donors who have stepped up

 

[Cusefan0307]

So you are saying that a whale donor won't have an LLC they're funneling their million$$+ donations or working player contracts through...

Got it.

I posted an article on this today. You’re wrong here.

 

[cliftonparksufan]

The people donating a million a year will have done their due diligence upfront and let the collective/school use it as it sees fit, in part because a million is chump change to those who have the wherewithal to do it. Indeed, nobody knows who is donating to the Duke coffers unlike the minnow Syracuse who only wants to donate if they can scream to everybody, "Look what I did."

Please lock this thread

Duke does things their own Duke way. Different than any other school. It's the brotherhood.

https://archive.is/2025.04.02-094434/https://www.wsj.com/sports/basketball/duke-cooper-flagg-nil-collective-ncaa-tournament-final-four-196aa6b1

 

[kingtidge]

The people donating a million a year will have done their due diligence upfront and let the collective/school use it as it sees fit, in part because a million is chump change to those who have the wherewithal to do it. Indeed, nobody knows who is donating to the Duke coffers unlike the minnow Syracuse who only wants to donate if they can scream to everybody, "Look what I did."

Please lock this thread

Who's the one whale that covered Lampkin's $800K?

 

[Cusefan69]

Not only has this thread topic jumped the shark...but it's running after us.

 

[djcon57]

Who's the one whale that covered Lampkin's $800K?

We don't know. Which is the point.

 

[kingtidge]

We don't know. Which is the point.

Agreed.

The prior poster was saying that whales have to donate to the collective and it will be divvied up how the collective sees fit and that "minnow Syracuse" has whales that want publicity.

My point was the guy funding Eddie (as reported here) was an anoymous whale and he had to be re-negotiated with again to cover when Lampkin upped his NIL requirement late in the window... That doesn't sound like a sign-an-$800K-check-to-collective-and-let-them-decide-what-to-do-with-it scenario at all...

Also, whomever that generous donor is was not screaming to everybody, "Look what I did." He remained anonymous.

 

[richmondcuse03]

I said NIL donations should be cleared through a collective, if needed. Whatever is legally necessary should be followed to a T.

My point was NO WHALE is writing a million-dollar+ blank check to a collective to do whatever they want with it. They will want control and ability to structure their own deals with players and it is my understanding collectives are supposed to be able to work with big donors in that sort of specialized capacity, no?

And yes, if AW was serious, he'd investigate that route (if he hasn't already.)

You’re wrong. We have many that do just that.

 

[Trueblue25]

We don't know. Which is the point.

For those of us that do know, I see no reason to out the name.

 

[kingtidge]

You’re wrong. We have many that do just that.

Glad to be wrong then.

That take was more from the likely "AW perspective" and not an exclusive take.

Also, as I pointed out with the Lampkin deal, it was one generous whale donor covering his whole deal (through the collective I would assume), so that does happen, thankfully, as well.

Also, whale donations can take on all sorts of different forms... Repole, the beverage titan billionaire behind St. Johns NIL warchest, has a NIL matching campaign with one of their big collectives where he promised up to $1 million in matching NIL funds for the combined contributions of all other donors to the collective, for example.

For those of us that do know, I see no reason to out the name.

100% Agreed.

 

[richmondcuse03]

Agreed.

The prior poster was saying that whales have to donate to the collective and it will be divvied up how the collective sees fit and that "minnow Syracuse" has whales that want publicity.

My point was the guy funding Eddie (as reported here) was an anoymous whale and he had to be re-negotiated with again to cover when Lampkin upped his NIL requirement late in the window... That doesn't sound like a sign-an-$800K-check-to-collective-and-let-them-decide-what-to-do-with-it scenario at all...

Also, whomever that generous donor is was not screaming to everybody, "Look what I did." He remained anonymous.

The AD goes to the donor - we have plans to go after these guys. We need X amount. Can you help? They get buy in. Sometimes they have to go back to said individuals and ask for more or make different asks. Sometimes it’s smaller donors who can contribute part of it and do not know where it goes. Of course some folks know if their money funds a specific guy but it’s all fungible moving forward giving revenue sharing. Nobody has the ultimate say unless the gift is contingent on something and perhaps someone says “it’s contingent just on Kyle McCord.” Which is fine. But they’re still going through the school. They’re not making the decision on their own.

 

[Grbac]

Gossip Girl fan, Grbac? LOL

Thought you were being unnecessarily rude there. That’s all.
As for Gossip Girl, well my wife tried to get me to watch. I only made it so far until I had to tap out.

 

[Capt. Tuttle]

Exactly. We stole a stud PG from a conference rival. If that happened to us people would have been livid. We have donors who have stepped up

Perhaps more have stepped up to offset the need for Weitsman.

 

[Capt. Tuttle]

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.

People are people. Emotions are emotions. Big money beats up little money.

 

[SUfanNC]

People are people. Emotions are emotions. Big money beats up little money.

Makes it harder for SU if big money scares little money away. I want SU to get all the pennies they can scrape together.

 

[Consigliere]

My point was the guy funding Eddie (as reported here) was an anoymous whale and he had to be re-negotiated with again to cover when Lampkin upped his NIL requirement late in the window... That doesn't sound like a sign-an-$800K-check-to-collective-and-let-them-decide-what-to-do-with-it scenario at all...

There was not “the guy” who funded Eddie. While he may have had some individual business deals, the bulk of his payments went through SU’s collective(s).
Beyond the fundraising purpose of an established collective, having all payments orchestrated organizationally to ensure proper reporting, including tax reporting, benefits the donor, the athlete and the program. And yes, doing these things properly will incur administrative costs. Whether those costs are explicit by contract or implicit, absorbed or buried in ledgers of the payer, is somewhat immaterial.
So if SU is telling mega donors they expect NIL contributions to go through a collective rather than being handled outside a system there is a method to their perceived madness.
And, by the way, the INFLCR exchange still appears to be active, so if a donor wants to bypass the collectives and transact directly with an athlete while being systematically vetted by SUAD Compliance, there is a process.

 

[kingtidge]

There was not “the guy” who funded Eddie. While he may have had some individual business deals, the bulk of his payments went through SU’s collective(s).
Beyond the fundraising purpose of an established collective, having all payments orchestrated organizationally to ensure proper reporting, including tax reporting, benefits the donor, the athlete and the program. And yes, doing these things properly will incur administrative costs. Whether those costs are explicit by contract or implicit, absorbed or buried in ledgers of the payer, is somewhat immaterial.
So if SU is telling mega donors they expect NIL contributions to go through a collective rather than being handled outside a system there is a method to their perceived madness.
And, by the way, the INFLCR exchange still appears to be active, so if a donor wants to bypass the collectives and transact directly with an athlete while being systematically vetted by SUAD Compliance, there is a process.

Just to be clear, you are saying eddie's bag was paid for by multiple donors and it wasn't one whale, correct?

If that is true, that is not what has been reported here by other ITKs (prior reports were one generous donor was covering it in entirety with payments cleared through the collective.) I am asking because I am not ITK on it, but just read the posts here about it.

Also, regarding INFLCR, I thought that was a platform and phone app for players to increase their own personal Social Media presence through the use of school-generated content... increase message reach to more followers via the players... If it's more than that and also provides tools for donors to work deals directly with players, I was not aware, so that's good to know. Honestly, I think I only read about it when the school announced the deal with INFLNCR a few years ago and had forgotten about it.