Here's the thing...
The ruling in Virginia/Tennessee v NCAA means the NCAA cannot keep schools from bringing those types of things in-house but it doesn't mandate that they have to
It also doesn't re-write any laws in states where revenue sharing with athletes would be illegal under state law
So, a school can decide independently how they want to handle revenue sharing, who does their NIL management, etc. But no law has yet to force them into any method.
I do think schools in Tennessee and Virginia (and some other states with similar rules) will have a leg up for a certain period of time until people catch up.
Another aspect of this that I'm particularly interested in is how universities handle the resources beyond just NIL funds going straight to athletes.
You have to educate, you have to market, you have to be a liasion between businesses, donors, athletes, coaches and admin. You have to write the contracts. You have to maximize your resource allocation.
So...do you:
1) hire new positions into your athletic department directly related to NIL
This is probably the most school-centric option, but easily the most expensive. Salaries, benefits, legal, etc.
2) re-purpose current resources from within the athletic department to cover NIL
This is the cheapest, but also means the most stretched-thin option making things run inefficiently either on the NIL side or admin side
3) hire outside firms to handle certain aspects of NIL
Not as expensive as all new positions, but also not cheap. The downside is the red tape of things that are outside the scope of a written contract. The firms also don't have specific allegiance to your university outside of wanting to please their client to continue getting more worm
I am interviewing with a firm who currently does this in about 45 min. They do not work with Virginia Tech specifically (Deloitte does, however)
Thread Replies (17)
Coach MY NEEDS to stay onboard at least one more year as
-- VintonHokies
Jan 23, 2025 at 07:00 AM ET
VintonHokies
•
01/23/25 07:00 AM ET
Doesn’t that increase in revenue sharing apply to all other schools we are
-- FlossEmVT
Jan 23, 2025 at 09:56 AM ET
FlossEmVT
•
01/23/25 09:56 AM ET
What do they do in 45 minutes?**
-- NC Hoke
Jan 23, 2025 at 06:17 PM ET
NC Hoke
•
01/23/25 06:17 PM ET
"interviewing with a firm who does this"....what is "this"? NIL management?**
-- BleedinOandM
Jan 23, 2025 at 03:29 PM ET
BleedinOandM
•
01/23/25 03:29 PM ET
Sorry, yes...NIL management is the best way to put it
-- GCHokie34
Jan 23, 2025 at 04:32 PM ET
GCHokie34
•
01/23/25 04:32 PM ET
Interesting...sounds like an emerging field. Good luck on getting the job!**
-- BleedinOandM
Jan 24, 2025 at 07:31 AM ET
BleedinOandM
•
01/24/25 07:31 AM ET
We can't even compete against VCU in terms of NIL.Forget the P2,I would be
-- HokieBrazil
Jan 23, 2025 at 11:12 AM ET
HokieBrazil
•
01/23/25 11:12 AM ET
You pick the one missing a major revenue sport in its athletic department
-- HokieRat
Jan 23, 2025 at 12:09 PM ET
HokieRat
•
01/23/25 12:09 PM ET
Theoretically all teams would be close to level but only if they all use
-- VintonHokies
Jan 23, 2025 at 10:40 AM ET
VintonHokies
•
01/23/25 10:40 AM ET
Hammond is going to be very good IMO
-- hokiepro
Jan 23, 2025 at 07:03 AM ET
hokiepro
•
01/23/25 07:03 AM ET
I wish I could pull up this board from EG and JR freshman years
-- Vippie1
Jan 23, 2025 at 09:19 AM ET
Vippie1
•
01/23/25 09:19 AM ET
And then there's Marquie Cooke and Devin Wilson**
-- Pylons
Jan 23, 2025 at 10:15 AM ET
Pylons
•
01/23/25 10:15 AM ET
Erick Green Player of the Year in the ACC in 2013**
-- Vippie1
Jan 23, 2025 at 09:29 AM ET
Vippie1
•
01/23/25 09:29 AM ET
Well, sadly, we know what's likely to happen if he's very good.........**
-- 501
Jan 23, 2025 at 09:12 AM ET
501
•
01/23/25 09:12 AM ET
I agree. He will finish his drives better with the experience he is getting**
-- VintonHokies
Jan 23, 2025 at 07:07 AM ET
VintonHokies
•
01/23/25 07:07 AM ET