Absolutely nuts! Something has to be done! Players are making more than coaches...that is sure to cause some issues.
Maybe we should consider something like:
"You get 15% over the next 4 years and the rest will be in a trust until you are 25."
Absolutely nuts! Something has to be done! Players are making more than coaches...that is sure to cause some issues.
Maybe we should consider something like:
"You get 15% over the next 4 years and the rest will be in a trust until you are 25."
If by now, you mean "1970 and all years since," then YES you're right.......Now it's a bidding war for top recruits. NCAA should have put a cap on offers.
Would the LOI be voided by the NCAA or Florida. I agree with you. The only way I see him getting anything is if they didn’t release him.Don't quote me on this but pretty sure the person/company that was putting up the NIL money backed out weeks before Jaden Rashada signed anything. The timeline as I read was
-Rashada switched to Florida in November
-Month later person who was giving the money backed out
-Few weeks later Jaden Rashada signs with Florida even after knowing of breakdown
-Rashada is now asking for his National Letter of Intent to be voided by the NCAA
If Rashada didn't sign anything, enroll at school and also is asking to void his NLI than doubt he has much of a case
I don't feel sorry for the young man one bit. I don't mind NIL but if this wasn't in writing or signed than so be it. Rashada decided to switch from Miami to Florida(for money), than if no contract is worked out and signed I have no problem with the other side backing out either. It isn't a good look for the young man or Florida. Both will come out ok on the end of this...
I think the problem right now are these high school kids are getting into complex deals and they cannot have an agent who specializes in these deals to help negotiate and understand the details of the deals. Yes the kid with a high school education can read but legal contracts are confusing and have lots of fine print. Sometimes the people advising this kids don’t know better eitherDon't quote me on this but pretty sure the person/company that was putting up the NIL money backed out weeks before Jaden Rashada signed anything. The timeline as I read was
-Rashada switched to Florida in November
-Month later person who was giving the money backed out
-Few weeks later Jaden Rashada signs with Florida even after knowing of breakdown
-Rashada is now asking for his National Letter of Intent to be voided by the NCAA
If Rashada didn't sign anything, enroll at school and also is asking to void his NLI than doubt he has much of a case
I don't feel sorry for the young man one bit. I don't mind NIL but if this wasn't in writing or signed than so be it. Rashada decided to switch from Miami to Florida(for money), than if no contract is worked out and signed I have no problem with the other side backing out either. It isn't a good look for the young man or Florida. Both will come out ok on the end of this...
And there's the rub, either students have rights to their NIL or they don't. So a cap is probably not legal in this circumstance. What they should have done is that since a college is allowing them a platform to grow and exhibit their NIL at a national level, that their being granted NIL is contingent upon graduating from said university and money they get over the NCAA allotment will go into an account deliverable upon graduatingNow it's a bidding war for top recruits. NCAA should have put a cap on offers.
Quite the offer list so far
I thought they could have an agent or representative? Am I wrong? Seems like a terrible and suspect rule if true. Would a court hold that a kid is not entitled to that?I think the problem right now are these high school kids are getting into complex deals and they cannot have an agent who specializes in these deals to help negotiate and understand the details of the deals. Yes the kid with a high school education can read but legal contracts are confusing and have lots of fine print. Sometimes the people advising this kids don’t know better either
I don't see why Florida wouldn't release him soon but this goes to a board the NCAA manages. A signed NLI is a binding agreement between the school and the player. My terminology might be off but I think that binds the player to play for that institution for one academic year plus the institution provides the athlete financial aid for that one academic year. That is all that Florida has to provide from a signed NLI if i understand the wording correctly. Like everything with the NCAA and legal terms there are extenuating circumstances for each case.Would the LOI be voided by the NCAA or Florida. I agree with you. The only way I see him getting anything is if they didn’t release him.
I thought they could have an agent or representative? Am I wrong? Seems like a terrible and suspect rule if true. Would a court hold that a kid is not entitled to that?
Now it's a bidding war for top recruits. NCAA should have put a cap on offers.
And there's the rub, either students have rights to their NIL or they don't. So a cap is probably not legal in this circumstance. What they should have done is that since a college is allowing them a platform to grow and exhibit their NIL at a national level, that their being granted NIL is contingent upon graduating from said university and money they get over the NCAA allotment will go into an account deliverable upon graduating