Class of 2025 PF Francis Folefac (MD) Portal from Siena

[Red Holzman]

Folefac given his background wants to make sure he gets every NIL dollar he can based on the market this year. His parents were immigrants and he had 6 older sisters, he was also the only member of the family born in Maryland. I'd be doing the same, and trying to get every dollar I can now, he can get lifechanging money not just for himself but for his family.

So let's assume Folefac hits the jackpot and averages $1M the next 3yrs.
$3M gross, filing single tax rate is approx 50% = $1.5M.
Then pay his agent, say 10% = $1.35M net income for his 3 college years.
Still good -but at age 22 not "set for life" by a long shot, especially if a lot of the $ goes to his family.
Maybe playing 5yrs overseas adds another $1M -still need to seek employment at age 27 after done hooping IMO.
Folefac's major is kinesiology.

Just using Folefac as an example-
Wonder how many of these kids seriously consider how well each suitor's academic program aligns with the degree they are pursuing, and how their major and chosen school will prepare them for a rewarding career.
Also wonder how many agents have their best interests in mind by bringing this topic into the discussion vs only "$$$".

10-15 years from now, would be interesting to see research/stats on how these teenage NIL millionaires are doing -most will be well beyond playing hoops and experiencing reality by then.

 

[ImperialOrange]

Basketball really is the wild west right now, especially at Cuse. Seems we're in the midst of building a base roster of guys we can win with, won't break the bank and won't need egos rerecruited every year. These additions, however, won't be the only ones. GMac doesn't want to get stuck with a 5-6 man Sienna rotation again and likely not a JAB 7 man rotation for the year. You need talent to push one another which is something we've sorely lacked. Kids knowing minutes are guaranteed because they know noone is behind them and it showed. Also, injuries happen and need options if/when they do (see last year's QB situation).

GMac's currently baking the cake which will allow him to know how much money he has for the icing. This is smart as you need a solid foundation on a team that had 0 committed players a couple weeks ago. Let him cook (bake) for a bit and see what the full roster build is before jumping off any roof tops folks. Nobody currently signed is a guarantee to start but all potentially could and do so quite well depending on pieces filling in around them.

Folefac is a BIG cake guy and hope we land him. Can play multiple minutes at multiple spots and will play his ass off at all times. Think a lot of takes would change if he was listed at 6'9 (niiice) instead of 6'7 (sixxxx sevvvven).

If we land him and Moesch AND splash on a PG and true 5 we'll have requisite depth and talent levels to contend. All this without having to lean hard on guys that aren't ready or have elite measurables with 0 basketball acumen to go with them which has been our recent plight.

 

[Newhouser]

So let's assume Folefac hits the jackpot and averages $1M the next 3yrs.
$3M gross, filing single tax rate is approx 50% = $1.5M.
Then pay his agent, say 10% = $1.35M net income for his 3 college years.
Still good -but at age 22 not "set for life" by a long shot, especially if a lot of the $ goes to his family.
Maybe playing 5yrs overseas adds another $1M -still need to seek employment at age 27 after done hooping IMO.
Folefac's major is kinesiology.

Just using Folefac as an example-
Wonder how many of these kids seriously consider how well each suitor's academic program aligns with the degree they are pursuing, and how their major and chosen school will prepare them for a rewarding career.
Also wonder how many agents have their best interests in mind by bringing this topic into the discussion vs only "$$$".

10-15 years from now, would be interesting to see research/stats on how these teenage NIL millionaires are doing -most will be well beyond playing hoops and experiencing reality by then.

I think the percentage of players who picked their school based on their academic programs is the same as it's always been.... dreadful.

 

[jsshap]

I think the percentage of players who picked their school based on their academic programs is the same as it's always been... dreadful.

I think it's unrealistic to expect many kids to take $200k-$400k (or whatever) less bc of a decision that thats likely to benefit them more over the long haul. Thats real money and most of us would maximize it full stop.

 

[Red Holzman]

I believe 100% we gave him an offer for more money. I don't think any of these Siena kids were made any promises on playing time though and that includes Doty, but I do think they will get a solid jump in NIL.

Folefac given his background wants to make sure he gets every NIL dollar he can based on the market this year. His parents were immigrants and he had 6 older sisters, he was also the only member of the family born in Maryland. I'd be doing the same, and trying to get every dollar I can now, he can get lifechanging money not just for himself but for his family.

I think it's unrealistic to expect many kids to take $200k-$400k (or whatever) less bc of a decision that thats likely to benefit them more over the long haul. Thats real money and most of us would maximize it full stop.

That's what I was getting at w/my post.
They and their agents live in the moment/go for the max -so where will they end up in 10-15yrs?
What pct. will actually have managed their NIL responsibly to invest/grow the assets to have a good life/career?

Do any programs and/or their whale donors provide financial guidance to these newly-minted teenage millionaires?
If I provided huge NIL, I'd want to see some effort made to advise/help the kids manage it responsibly.
Assume that many players may come from backgrounds having no perspective in that regard.
Hopefully programs/donors try to help the kids make responsible financial decisions vs. blow it on exotic cars and stupid stuff.
Theirs to spend, but ideally the $ helps the kids build and lead a better life vs. wasted on foolish things, gone by age 30.

 

[DilemaCuse]

So let's assume Folefac hits the jackpot and averages $1M the next 3yrs.
$3M gross, filing single tax rate is approx 50% = $1.5M.
Then pay his agent, say 10% = $1.35M net income for his 3 college years.
Still good -but at age 22 not "set for life" by a long shot, especially if a lot of the $ goes to his family.
Maybe playing 5yrs overseas adds another $1M -still need to seek employment at age 27 after done hooping IMO.
Folefac's major is kinesiology.

Just using Folefac as an example-
Wonder how many of these kids seriously consider how well each suitor's academic program aligns with the degree they are pursuing, and how their major and chosen school will prepare them for a rewarding career.
Also wonder how many agents have their best interests in mind by bringing this topic into the discussion vs only "$$$".

10-15 years from now, would be interesting to see research/stats on how these teenage NIL millionaires are doing -most will be well beyond playing hoops and experiencing reality by then.

To follow up on the education aspect, when Womack, Fennel, Diawara, Fennel transfer, do they realize a long pro career is unlikely and by leaving they are unlikely to get as valuable a degree as an SU one. Seems both there talent and education decisions will likely work against them. They also are unlikely to command high money unlike a Freeman. Seems these kids really don't know their value and make regrettable decisions, short amd long term.

 

[tptcuse]

To follow up on the education aspect, when Womack, Fennel, Diawara, Fennel transfer, do they realize a long pro career is unlikely and by leaving they are unlikely to get as valuable a degree as an SU one. Seems both there talent and education decisions will likely work against them. They also are unlikely to command high money unlike a Freeman. Seems these kids really don't know their value and make regrettable decisions, short amd long term.

I think that used to be more of a consideration. But look at Majstorovic. He moved down a level, played well, and now will likely get paid to return to a higher level. Then he can work his way up from there and play in Europe or elsewhere. He will still have a degree from wherever he winds up. Fennell will play pro at some point.

 

[djorange1989]

Maybe Gerry doesn't think he's a good fit.

It seems like no one on here actually saw his "commitment post" so it might have been a bad game of telephone, and McAllister has gotten things wrong before.

I would be putting my name in the portal too if I was a Siena player, they've lost everyone from last year already.

He did post a commitment, that did happen. No clue what has gone on since

 

[DilemaCuse]

I think that used to be more of a consideration. But look at Majstorovic. He moved down a level, played well, and now will likely get paid to return to a higher level. Then he can work his way up from there and play in Europe or elsewhere. He will still have a degree from wherever he winds up. Fennell will play pro at some point.

I don't disagree with Petar, I just don't think that's a sound strategy that will work more than it won't. Every year there are hundreds of players that portal that don't find a landing spot.

 

[tptcuse]

I don't disagree with Petar, I just don't think that's a sound strategy that will work more than it won't. Every year there are hundreds of players that portal that don't find a landing spot.

I totally get what you are saying. But college football players do it all the time, and they have way less professional options than basketball players. At least with basketball there are a LOT more international options. They are all chasing a dream and most players don't even make it to D1.