Plus the total amount he can make as well as the years is capped. He’s not signing kids to lifetime deals.
Plus the total amount he can make as well as the years is capped. He’s not signing kids to lifetime deals.
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.
Redditors and being outraged about a common practice they never knew has existed for years. Shocker
They can make NIL money tho, it’s a percentage of that future income that he’s taking. I don’t see the problem
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.