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.
Why would it be a “nominal” fee? The deal I saw was for $50,000 up front in exchange for 25% of NIL earnings capped at $125,000. If the company is exploiting stupid high schoolers, that’s bad, but I assume they’re doing deals with people who are represented by lawyers and managers and are capable of looking after their own interests and acting rationally.
Why would it be a “nominal” fee? The deal I saw was for $50,000 up front in exchange for 25% of NIL earnings capped at $125,000. If the company is exploiting stupid high schoolers, that’s bad, but I assume they’re doing deals with people who are represented by lawyers and managers and are capable of looking after their own interests and acting rationally.