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.
It’s warranted-- this is the same type of setup that the music industry has that completely f*cks a lot of artists down the road. It’s predatory because kids that are 16, 17, 18 years old are never going to be business savvy enough to be making these kinds of long term decisions. You can hope they have a support system around them but that can backfire as well when you’re talking about fat upfront cash payments that often feel transformative at that age (especially for poorer athletes)
It’s warranted-- this is the same type of setup that the music industry has that completely f*cks a lot of artists down the road. It’s predatory because kids that are 16, 17, 18 years old are never going to be business savvy enough to be making these kinds of long term decisions. You can hope they have a support system around them but that can backfire as well when you’re talking about fat upfront cash payments that often feel transformative at that age (especially for poorer athletes)
No doubt it’s warranted
It’s less than what is warranted, and that’s why it’s funny. They should be firing him.
Its also the same type of set up every successful public company uses to grow, there’s nothing inherently bad about it.
Facebook IPO at 100 billion and is now worth 1.48 trillion is mark zuckerberg some poor exploited kid that gave away 1 and a half trillion dollars?