Doubt it’s real; there are apparently two Vanessa Richardson accounts, and THIS one appears to be more real.
The other one has only a few posts and looks fake.
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In this new world of college sports, where colleges pay athletes, I am interested to see if universities like Gonzaga, Providence, Loyola - Chicago, who do not field a football team, are able to financially compete for basketball players with revenue sharing.
Some explanation/discussion of revenue sharing in today’s Chron:
Many schools are expected to use a formula that would pay 75% to football (approximately $15.4 million), 15% for men’s basketball ($4 million) and the remaining 10% for women’s basketball and, to a lesser extent, baseball and softball. UH can distribute revenue however it sees fit — but cannot exceed the $20.5 million cap.
One possible scenario told to the Houston Chronicle earlier this year would involve between 68-69% ($13.9-$14 million) for football, 23-25% ($4.7-$5.1 million) for men’s basketball and the rest among UH’s other 15 varsity sports.
Houston’s revenue sharing plans could see ‘huge leap’ for football NIL
Nonfootball schools can pay $10 million for basketball and still make out well below the cap but more than any other football school.
Does this settlement even apply to any non football playing schools?
I assume yes because they can likewise use pay for play and revenue sharing now.
Nuñez said UH would spend more on basketball than most schools…
I hate that people have been laid off just to meet this payroll - funny that’s going under the radar
For UH, I think that is a big plus since it is an area already dominant in. I also think basketball will be able to take advantage of variances in payouts more so than football with their 105 man rosters.
The schools that can spend up to all $15-20 mil on men’s basketball will still have a huge advantage if they choose to spend that much.
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For once, Houston appears to be in great shape and ready to go with the play for pay program coming in.
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Yeah…The NIL era will be the GREATEST thing ever to happen to the University of Houston.
We should easily use it to be a top 5-10% program.
We are already there in Basketball and just need Football to catch up.
The fact that we landed a top heavily recruited QB prospect tells me it is working.
Very few P4 locales will have more NIL opportunities than Houston, Texas!
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The gq
My issue with this is we’re getting $31 million in shares off the top so that issue is rectified before we do anything - correct?
Question:
Does this settlement stop a donor from giving $200M’s if they want to. My understanding is that it does not.
Thank you for the clarification.
Yes. The settlement has a section for the clearing house to vet all “NIL” deals over $600. If they do not show a valid business purpose with in kind value, they can be stopped in some form. I have not seen what sort of punishment or corrective actions are tied to it.
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Grey comes to mind.
So the clearing house is going to “calculate” the ROI of a donor to an athlete or program?
No.
NIL is not pay to play or from the school. It is not meant for boosters to just give money to an athlete. This has been discussed many many many times.
It will look at the business application of the NIL and see that it is valid business such as advertising, social media marketing, autograph or appearance for actual NIL activity.
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Clarification:
An athlete gets $1M from Mr. Smith because Mr. Smith wants him to go to that school.
What are the consequence(s)?
This is the definition of pay to play.
Yes, definition of pay to play which is technically not allowed.
As I said. I would guess that the player and booster would be given notice that the payment does not qualify. If they proceed I would guess the player would be declared ineligible. Any games played in would be forfeited. As this would be known before the season is over, it will have a much greater impact than 5 years after the player left. Also since the school actually agreed to this settlement and a judge approved it, they would likely not play the player.
If a player hid a $1 million payout, I would guess the IRS (tax evasion) and treasury service (money laundering or other criminal activity) would come looking for them once known.
Good luck proving that. These payments, pay to play has been common since college football became popular. All so called blue bloods did it or are doing it.