A new company is offering college athletes upfront cash in exchange for a portion of their name, image and likeness deals, an arrangement some consumer protection experts and financial advisers say could prey on young athletes.
Difference here is that the player can just quit and walk away with the $50k or however much. If you try to do that with a payday loan someone breaks your kneecaps with a steel pipe
yeah honestly having a total cap of 125 k makes it seem less blatantly a scam plus the company is going to be a lot more invested in finding ways to make money on the NIL
for the player to make 125 k over 7 years they would need 18k per year and if that is your NIL deal the guaranteed money probably is looking pretty nice
thats a pretty pessimistic way of saying they have a non-exclusive license to sell merchandise with your name and likeness. if you have a problem with that u have a problem with selling jerseys.
Difference here is that the player can just quit and walk away with the $50k or however much. If you try to do that with a payday loan someone breaks your kneecaps with a steel pipe
yeah honestly having a total cap of 125 k makes it seem less blatantly a scam plus the company is going to be a lot more invested in finding ways to make money on the NIL
for the player to make 125 k over 7 years they would need 18k per year and if that is your NIL deal the guaranteed money probably is looking pretty nice
It says they sign away the rights for their likeness for seven years
thats a pretty pessimistic way of saying they have a non-exclusive license to sell merchandise with your name and likeness. if you have a problem with that u have a problem with selling jerseys.
I would legitimately be surprised if there aren’t clauses to prevent that from happening
You think Perkins don’t know his way with a pipe?
“You tryin to get tha pipe?” -JR Smith