I think people are MUCH more put-off by the ease of player movement than player compensation. Having both revolutionized at once has all the pearl-clutchers white-knuckled.
Illinois Hoops Recruiting Thread
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I paid twice that to not have to go back with an ex and it was the best money I ever spent
Its very weird to see 1/2 to 2/3 your roster turn over every year.
2022 class 1 year
Skyy - gone 1 semester
Jayden - gone 1 year
Ty - still here
Sencire - still here
2/4 gone in one year
2022 1/2 year
Zacharine - gone - 3 months
Nico still here 1/2 gone in 1 semester
2021 class - 2y
RJ - gone
Brandin -gone 1y
Luke - still here for year 3
2/3 gone in 2 years
2020 class
Adam - gone 1y
Andre - gone 2 y
Brandon L - gone 3 y
Coleman - still here?
3/4 gone in 3 years
I guess this is the new normal.
2022 class 1 year
Skyy - gone 1 semester
Jayden - gone 1 year
Ty - still here
Sencire - still here
2/4 gone in one year
2022 1/2 year
Zacharine - gone - 3 months
Nico still here 1/2 gone in 1 semester
2021 class - 2y
RJ - gone
Brandin -gone 1y
Luke - still here for year 3
2/3 gone in 2 years
2020 class
Adam - gone 1y
Andre - gone 2 y
Brandon L - gone 3 y
Coleman - still here?
3/4 gone in 3 years
I guess this is the new normal.
Certainly in this group. Have no problem with players benefitting from their contributions. However, unlimited transfers and immediate eligibility makes the system unworkable long term, IMO. While I am all for free market determining value, the system as is will shrink the market overall as fans and NIL investors move on from the game. Multi-year NIL contracts may end up being the solution; the sooner the better.
Hopefully kids are smart and realize the IRS will get their share and not try and hide it during taxes
I think you're grossly overestimating how much winds up as take-home pay, and how good the market has been lately.
That said, a legit college star can make bank, no doubt about it.
Daughter currently attending law school there. Could I get somebodys to give her half a million to attend? Asking for a friend...
Epsilon
M tipping over
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If she becomes a lawyer she’ll get there soon enough.
Prediction (or wishful thinking to some degree) - We land Ray and Coleman returns
If they are getting paid, they are a) adults, not kids; b) not student athletes, but paid employees; c) not have to go to class; and d) should pay for tuition/room/board/books/fees. Welcome to adulting.
I have followed Illini BB and FB since '82, and love college sports because I've always felt the athletes were playing for the name on the front of their jersey, and in a way represented me as an alum (Naive, yes, I know). Those days are history, and it makes me just a little sad. I'll still follow the beloved, but it will not be with the fervor and passion of days gone by. Of course, the Chief is gone too . . .
I have followed Illini BB and FB since '82, and love college sports because I've always felt the athletes were playing for the name on the front of their jersey, and in a way represented me as an alum (Naive, yes, I know). Those days are history, and it makes me just a little sad. I'll still follow the beloved, but it will not be with the fervor and passion of days gone by. Of course, the Chief is gone too . . .
The problem with multi year contracts is the uncertainty of the young players.
Imagine us sitting on a 3 year Skyy Clark deal right now.
Fair point, but those circumstances can be addressed in the contract.
How?
Professional leagues have always had this problem. And knowing the risks are higher with young players they set up rules to mitigate it.
To be clear I am talking about lack of performance not abandoning team.
Running rough numbers ...
- $5M now and an immediate 45% taxes (38%-53% depending on state) leaves 2.75M.
- If you want to live in CU, you can buy a decent house for 250k, and a really nice one for 500k.
- That leaves 2.25-2.5M. At 3% draw down per year (so it lasts "forever"), that is 67-75k/year.
- This is plenty if you are single. It is dicey if you want to marry and have kids due to health insurance rates. (8-15k/person)
Now if you take that same money, and invest it for a decade at average index fund returns, it doubles relative to (average) inflation in 10 years. Then the 5M is more than enough and an initial 2.5M is borderline. In effect you need to take a job that pays the bills for the decade.
If you want to live in an "upscale" city - NYC, SF, etc. that starter house is going to cost you 2-3M. 10M now isn't enough to immediately retire if you want to own a home.
Performance incentives.
Illinicpa14
- Chicago
I get what you’re doing but not all those are the same - I wouldn’t count Lieb and Zacharine. Both were brought in as development bigs.
Lieb as an example was a great person for the program but ISU is where he belongs. Him leaving after 3 years of barely playing and with a degree is different than the other 2020s by a long shot.
I’d also say look at where these guys are transferring too. It’s not like these guys transferring out are landing at similar profile programs.
Not saying you're going to be incredibly rich and details are pretty rare.
Let's say you're a decent prospect that gets like 50k or something as a freshman and then has a good year and gets 500k a year the final 3. I would assume 500k is pretty fair valuation for a good nil transfer.
Gross pay would be about 1.5 million. You figure net is roughly 900k. If you just spend like a regular college kid and keep that intact graduating with 900k saved and invested and a bachelor's degree is an absolutely huge head start.
I believe Perrin and Moretti are considered 2023 early enrollees. So that class is 1/4 gone already.
Isn't that kind of thing now. Didn't Nigel pack have a 2 year deal from all the reported NIL reports when he chose Miami? It may not be official but I think this is happening. I'm pretty sure Hunter a$$ clown talked about different compensation models with Kansas depending on if he stayed both of his eligible years. player quality will dictate that
The freedom to move does cause some chaos but I think it's necessary. So I have to learn a few new names each year and may lose some good players that I wanted (ahem Adam Miller and jayden Epps)... Better than forcing someone to stay in a bad situation, imo. Plus what else are we gonna talk about in the off season? (Other than cottage cheese)
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