Syracuse Athletics Launches Sweeping $50M Campaign to Create Champions and Win Championships

[SuFTW]

The timing of the announcement tells me it's part of the main plan.

But there is nothing wrong with that.

 

[SUFan44]

Also think it is worth noting that ALL other NIL contracts over $600.00 will need to be vetted through Deloitte for a fair market assessment.

This is going to be a very big deal and my guess is this would cut back on external NIL, in turn evening the playing field to a point.

 

[Consigliere]

Also think it is worth noting that ALL other NIL contracts over $600.00 will need to be vetted through Deloitte for a fair market assessment.

This is going to be a very big deal and my guess is this would cut back on external NIL, in turn evening the playing field to a point.

Posted in another thread but that is one of the major sticking points holding up final approval of the settlement. Hopefully it survives the April fairness hearings and certain resultant court battles.

 

[SU94]

Also think it is worth noting that ALL other NIL contracts over $600.00 will need to be vetted through Deloitte for a fair market assessment.

This is going to be a very big deal and my guess is this would cut back on external NIL, in turn evening the playing field to a point.

The SEC (and it’s rogue booster culture) will take that as a challenge.

 

[javadoc]

Also think it is worth noting that ALL other NIL contracts over $600.00 will need to be vetted through Deloitte for a fair market assessment.

This is going to be a very big deal and my guess is this would cut back on external NIL, in turn evening the playing field to a point.

I don't see how that can pass legal muster. The Supremes have already ruled that NIL is outside the purview of the NCAA or any governing body - it's commerce between private parties. Just like the old days - if the local pizza joint wants to pay a player $100K to wash dishes, who can say otherwise?

 

[All4SU]

Michigan is getting ready to pay the top football recruit in the country $12mil this year alone.

Good for them. Maybe Michigan fans will be the first to stand up to this nonsense.

 

[NJCuse97]

Also think it is worth noting that ALL other NIL contracts over $600.00 will need to be vetted through Deloitte for a fair market assessment.

This is going to be a very big deal and my guess is this would cut back on external NIL, in turn evening the playing field to a point.

How does this prevent a collective from “buying” more advertising contracts rather than bigger ones?

 

[SUFan44]

How does this prevent a collective from “buying” more advertising contracts rather than bigger ones?

It’s all fair market value.

If they are paying $200 for a local commercial on Channel 9, and pay the student-athlete $2 million, that is far from fair market.

You think a kid is going to bother with an appearance paying him $5,000 per when he’s already making $500K from the school?

He’d have to do 100 appearances to get to that point. As it was previously, it was a fraction of it and very little intrusion to your daily life.

 

[hoopsupstate]

If I correctly recall an article posted here recently, we are somewhere around 40th as far as overall sports revenue, but actually had a surplus of over $30 million. While schools like Rutgers are running $80 million deficits. (soon to be $100 million after the 20 million NIL). And in that same article Ohio State, despite taking in $300 million in revenue, still had a deficit. (I’m sure by choice). So it would seem to me that even after doing this, we will be just fine as far as not having to raise huge amounts of money to offset the $20 million. And anything that we do raise is a plus. And if the numbers are accurate, we will still be in the black with no assistance.

The bigger problem will still be that we might have $24 million to share when you add up NIL and revenue sharing for football, but Ohio State, Alabama etc, will still have 40 million.

But, we now might have maybe 60% of the money that the big boys have to spread around, whereas before it was maybe 15 or 20%. So hopefully revenue sharing is a help to us.

The whole Idea of it really being “revenue sharing” is a joke though, because Syracuse (and a few others) are the exception, not the rule. We are one of the handful of 30 or so schools that actually have their athletic department in the black. Most of the schools that are “sharing revenue“ are really going deeper and deeper in the red to do it.

That’s a $30 million surplus with voodoo accounting.

 

[NJCuse97]

It’s all fair market value.

If they are paying $200 for a local commercial on Channel 9, and pay the student-athlete $2 million, that is far from fair market.

You think a kid is going to bother with an appearance paying him $5,000 per when he’s already making $500K from the school?

He’d have to do 100 appearances to get to that point. As it was previously, it was a fraction of it and very little intrusion to your daily life.

Ultimately 100 appearances is exactly what I am suggesting. An athlete could tape 100 30-second spots in a day. They could also do ten of them and have them spliced into 10 spots for the hundred spots. Maybe they get paid per airing, like a TV show in syndication (I really don’t know anything about this stuff, but that only lends to my point that even a dummy like me can get creative to find ways around this). And fair market value is not for the typical spot with the local news person, this is a celebrity, and not the coach, but a collegiate athlete. That’s something that wasn’t even possible two years ago, so how do you determine fair market value?

 

[anomander]

If i’m a football player that doesn’t have an NIL deal, which is a majority of the roster, i’m pretty upset that the $20M will be distributed evenly to all all olympic sports teams. Outside of basketball, it’s a wide margin that all of the other sports teams combined don’t bring in as many fans as they do for home football games in a season. Add in concession $ the school earns from fans for showing up to watch you play and you don’t get anything reimbursed. That $20M could be seen as getting a small share of that revenue you helped the school earn. Absolute worst case, if they don’t give it all to football, which i’m sure they won’t, I would find a way to pro-rate it so the sports that bring in the most money for the athletic department, get the biggest share.

 

[cusefan88]

If i’m a football player that doesn’t have an NIL deal, which is a majority of the roster, i’m pretty upset that the $20M will be distributed evenly to all all olympic sports teams. Outside of basketball, it’s a wide margin that all of the other sports teams combined don’t bring in as many fans as they do for home football games in a season. Add in concession $ the school earns from fans for showing up to watch you play and you don’t get anything reimbursed. That $20M could be seen as getting a small share of that revenue you helped the school earn. Absolute worst case, if they don’t give it all to football, which i’m sure they won’t, I would find a way to pro-rate it so the sports that bring in the most money for the athletic department, get the biggest share.

I was under the impression that football and men's basketball will get like 80-90% of the money. Is that not the case?

 

[hoopsupstate]

I was under the impression that football and men's basketball will get like 80-90% of the money. Is that not the case?

That I believe is the case.

 

[Capt. Tuttle]

Like many of us, he's "grown".

Speaking of growing men, I came across Dean Cain hosting some show. Super (sized) man.

 

[Capt. Tuttle]

I was under the impression that football and men's basketball will get like 80-90% of the money. Is that not the case?

Some “body” has posited that this is subject to Title IX rules.

 

[Bayside44]

If i’m a football player that doesn’t have an NIL deal, which is a majority of the roster, i’m pretty upset that the $20M will be distributed evenly to all all olympic sports teams. Outside of basketball, it’s a wide margin that all of the other sports teams combined don’t bring in as many fans as they do for home football games in a season. Add in concession $ the school earns from fans for showing up to watch you play and you don’t get anything reimbursed. That $20M could be seen as getting a small share of that revenue you helped the school earn. Absolute worst case, if they don’t give it all to football, which i’m sure they won’t, I would find a way to pro-rate it so the sports that bring in the most money for the athletic department, get the biggest share.

The majority of the roster gets money.

 

[SU68]

That’s a $30 million surplus with voodoo accounting.

It's real. The difference between SU and many of the schools with deficits is that we don't build facilities until the money is raised; they charge it to their AD budgets, student fees, and tax $$.

 

[anomander]

I was under the impression that football and men's basketball will get like 80-90% of the money. Is that not the case?

If that is the case then i take back what i said. I was thinking because of title IX that wouldn’t be allowed. Either way, problem solved.

 

[anomander]

The majority of the roster gets money.

I know they get some but it’s a big difference between that and potentially around $170k/scholarship player, assuming IX is ignored.