This article about MM’s UCF NIL Collective is from February, so not new news, but I’m posting it now because I just read another article today in the Athletic about how NIL Collectives are already getting way out of control.
The other article referenced a highly recruited high school junior who just signed a 5 year contract with an unnamed NIL collective that has promised to pay him $8 million dollars over 5 years, with $350,000 paid upfront upon signing the contract while he’s still a junior in high school, and then he’ll receive more than $2 million each year in college through his junior year. The article didn't name the athlete or the college the NIL Collective was formed for, because their source didnt allow them to. I’ve read many other insane stories like this about NIL collectives, although this one takes the cake.
A Miami Hurricanes NIL collective is paying the entire offensive line, and dozens of other players, some of whom aren’t even star players, each upwards of high 6 and low 7 figures. NIL collectives are also very active trying to entice players in the transfer portal.
NIL collectives are still in the infancy and they are already throwing around insane amounts of money. Within a year or two, NIL collectives will be THE dominant force in college football recruiting, including the high school level, JUCO, and the transfer portal. There will be almost nothing that coaches can say or schools can offer that will come close to influencing the decisions of where recruits choose to play football as much as the huge sums of money that will be offered by the most well funded NIL collectives. Facilities, academics, TV exposure, and the recruiting prowess of coaches won’t be able to compete with 6 and 7 figure paydays being offered to teenagers, many of whom come from very low income households.
Unless the NCAA acts quickly to start regulating NIL Collectives, they will be the death of college football as we know it.
Link to MM article: https://www.orlandosentinel.com/spo...0220216-fmgq6emr3jdphjazzbrxr4hona-story.html
Link to Athletic article: https://theathletic.com/3178558/202...ctive-that-could-pay-him-more-than-8-million/
The other article referenced a highly recruited high school junior who just signed a 5 year contract with an unnamed NIL collective that has promised to pay him $8 million dollars over 5 years, with $350,000 paid upfront upon signing the contract while he’s still a junior in high school, and then he’ll receive more than $2 million each year in college through his junior year. The article didn't name the athlete or the college the NIL Collective was formed for, because their source didnt allow them to. I’ve read many other insane stories like this about NIL collectives, although this one takes the cake.
A Miami Hurricanes NIL collective is paying the entire offensive line, and dozens of other players, some of whom aren’t even star players, each upwards of high 6 and low 7 figures. NIL collectives are also very active trying to entice players in the transfer portal.
NIL collectives are still in the infancy and they are already throwing around insane amounts of money. Within a year or two, NIL collectives will be THE dominant force in college football recruiting, including the high school level, JUCO, and the transfer portal. There will be almost nothing that coaches can say or schools can offer that will come close to influencing the decisions of where recruits choose to play football as much as the huge sums of money that will be offered by the most well funded NIL collectives. Facilities, academics, TV exposure, and the recruiting prowess of coaches won’t be able to compete with 6 and 7 figure paydays being offered to teenagers, many of whom come from very low income households.
Unless the NCAA acts quickly to start regulating NIL Collectives, they will be the death of college football as we know it.
Link to MM article: https://www.orlandosentinel.com/spo...0220216-fmgq6emr3jdphjazzbrxr4hona-story.html
Link to Athletic article: https://theathletic.com/3178558/202...ctive-that-could-pay-him-more-than-8-million/
