Experts raise red flags about new NIL company
www.espn.com
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.
  • hnbastronautBEnglish
    1·
    6 days ago

    Thank you - it makes no sense to give them a cut that doubles their investment out of your pocket. And then you still pay taxes etc.

    And with an agent they don’t own you likeness lol. It’s so weird. Why wouldn’t he just start an agency?

    • sneedmarseyBEnglish
      1·
      6 days ago

      no sense to give them a cut that doubles their investment

      It makes a lot of sense because you’ll probably come out ahead with a 50k upfront payment unless your NIL earnings are above 110k.

      The amount that they take also caps at 125k so it’s not going to prevent you from earning tons of cash if you’re a superstar.

      It’s basically just insurance, which I guess most redditors consider to be a scam, but not normal humans.