Unlocking the Secrets of NIL Deals: What You Need to Know
2 min readLearn the ins and outs of NIL deals in the NFL and the potential consequences for athletes. We analyze the impact of committing to an NIL deal and the importance of having documentation in place. #NCAA #NILDeals #CollegeAthletes #NFLContracts #AthleteCommitment #LegalAgreements #ScholarshipOpportunities #AthleteContracts #ContractualObligations #AthleteDealDocumentation
Well hey we're not going to work with That again you know whereas in the NFL everything is on paper so we know Hey we offered this guy like okay they Did offer him five mil right you know What I mean like now it's just easier to Hand like now you're working with these People that are you know other issue Have I didn't think about this so we Offer let's say we offer 10 guys at a Position but we're only taking four or F Three or four well we if we offer let of All those guys a n deal right so the 10 Guys we want these 10 guys to come to Our School okay only four of them are going To come whoever's the first commitment I Offer them all n let's say I offer them All 100K like you know but basically the First four that commit to me take it Four guys choose it there's six guys That that say four guys say I'm coming To XYZ University six guys had an nil Deal offered to them hadn't made a Decision yet Okay they end up losing um they end up Losing that Nal deal don't get anything Else scholarship gets pulled do they Then if they had an agreement on paper You're gonna have to have something that Says in place like you can do this or You can do that but if we if we if this Person commits your nil deals void null And void you know what I'm saying I
Think that's what this I think that's What the issue is with with this with You know the uh with rashada is there Was nothing on paper that said you're Tied to this or linked to this Whatsoever so that now when whatever Went arai there was it could just break And the ties they could just break and Be gone and nothing and no ramifications Happen I think that's part of the issue In turn right
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