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.
If you’re providing money for them up front, no not at all. A lot of these kids come from extreme poverty. This allows them to support their families before turning professional while signing over a percentage of their future earnings. If the kids completely crash and burn, they still don’t have to pay the up front cost back to them. There is truly nothing wrong with that and it’s not even a new concept.
It’s so funny to me how casually you’re describing predatory behavior. You yourself are describing a person in a position of power using their influence to gain control over someone “coming from extreme poverty”. If you can’t figure out why that’s problematic, you’ve gone off the deep end.
people in extreme poverty need money today not maybe in 3/5 years. Trading cash up front for a percentage of future NIL earnings is a good deal for people with those circumstances. Of course Perk is in it to make money but that doesn’t change the fact that he is giving money to families that need it. Hes investing in an athletes future earning potential, but once again this is not a new practice. It’s been happening for decades in other sports.
If you’re providing money for them up front, no not at all. A lot of these kids come from extreme poverty. This allows them to support their families before turning professional while signing over a percentage of their future earnings. If the kids completely crash and burn, they still don’t have to pay the up front cost back to them. There is truly nothing wrong with that and it’s not even a new concept.
It’s so funny to me how casually you’re describing predatory behavior. You yourself are describing a person in a position of power using their influence to gain control over someone “coming from extreme poverty”. If you can’t figure out why that’s problematic, you’ve gone off the deep end.
people in extreme poverty need money today not maybe in 3/5 years. Trading cash up front for a percentage of future NIL earnings is a good deal for people with those circumstances. Of course Perk is in it to make money but that doesn’t change the fact that he is giving money to families that need it. Hes investing in an athletes future earning potential, but once again this is not a new practice. It’s been happening for decades in other sports.