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.
This kind of arrangement is not necessarily bad for the player - they may even earn more from the deal than if they went through their careers without it. Plus, players who sign but don’t fulfill the amount that was advanced don’t have to pay back the difference at the end of their contracts - that’s hardly predatory.
This kind of arrangement is not necessarily bad for the player - they may even earn more from the deal than if they went through their careers without it. Plus, players who sign but don’t fulfill the amount that was advanced don’t have to pay back the difference at the end of their contracts - that’s hardly predatory.