LANK/NIL...

UAH

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If you think it's a mess now, just wait until private equity groups get involved.
Earlier there was an interiew on CNBC and discussion of private equity becoming involved in college football. In an earlier life I was involved with a company aquired by Bain Capital one of the largest private equity firms. A primary objective of Private Equity companies in the past has been to create a liquidity event within a specific time frame. It has been difficult for me to understand how such firms would structure an involvement in college football. Certainly they are not interested in being cash cows for paying players.
 

TIDE-HSV

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The NFL has been so hands off of CFB because the old system benefited them. Players were desperate to get to the NFL, but by the NFLs own collective bargaining agreements, players were ineligible until 3 years removed from college. That created a pseudo farm system where the schools took all of the risks, as well as profits, but passed along a mostly ready replacement workforce. Like it or not, they discard older and ineffective players in exchange for this new group each year. Those discarded players can’t go back to college, maybe can move on to a lesser league where salaries are about the same as an entry level blue collar job.

where the NFL will start to get concerned, is when their new talent pool dwindles because “college” teams will pay a higher amount to keep players on their roster. Years of eligibility get extended because it could be ruled unfair to limit someone to 4-5 if they are also working towards a degree, which sounds stupid because it’s mostly no longer about academics, but I could see a case being made by a Duke, Rice, Vanderbilt, etc player.

I hate this new world. I have renamed my work’s “College FB Smack talk” MS Teams chat to “Young Professionals that play on a College campus smack talk”
I think you have the farm team situation accurately described. It's the assessment I've also had for years. I guess where I differ is that there are only a handful of universities which can afford these exorbitant NIL payments. I don't see colleges ever being any sort of realistic competition for the NFL. Also, there have been many minor pro league attempts over the years, arena football and the like, that have been unable to sustain themselves. One possible direction, which is already taking shape, is a separation between the "haves" and the "have-nots." If you want to see the difference, look at the 2023 NFL draft. After you get through the Major schools, there were a large number of schools with one player selected. Probably none of those schools can afford NIL of any amount. Maybe those players will end up in an NFL development league, similar to the NBA...
 

The Ols

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Earlier there was an interiew on CNBC and discussion of private equity becoming involved in college football. In an earlier life I was involved with a company aquired by Bain Capital one of the largest private equity firms. A primary objective of Private Equity companies in the past has been to create a liquidity event within a specific time frame. It has been difficult for me to understand how such firms would structure an involvement in college football. Certainly they are not interested in being cash cows for paying players.
They see the CF world as hugely under valued…
They’ll inject cash for a King’s ransom…we need players, we’ll agree.
 

Isaiah 63:1

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Probably at 35k or in an airport somewhere
If you think it's a mess now, just wait until private equity groups get involved.
Private equity, if it gets involved with CFB, will be neither good nor bad; but rather will do the two things that adding significant money and outside energy to an enterprise tends to do: clarify and separate what has value from what does not; (2) accelerate the pace of change that was likely to happen anyway. That, stated simply, is what is happening as we speak with Southwest Airlines now that activist investor Elliot Investment Management has a 12% stake…
 

BamaBoySince89

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The parents are probably pushing the transfers moreso than the players themselves. Think about it, if you had a son with high level collegiate ability that could fetch high 6 or low 7 figure NIL deals but he liked the school he was at had friends there but was not receiving a NIL competitive NIL deal. Meanwhile, you have a mortgage maybe another child or two that doesn't have this same athletic ability, maybe you have another child with special needs.

What would you do in this situation? It's easy to bash these players but put yourself in their shoes or their parents shoes for just a moment. The coaches have been negotiating top dollar for 50 years.

We are asking the kids these families to do something we would not do in our own jobs.
Honestly, most players have become the sole breadwinners in their families, but this is not always the case. Some parents of these kids are flat out greedy, living life through their child, breeding this “me first” attitude in their kids from 8U youth sports all the way to the collegiate level, etc.. If you think this is bad, take a look at the culture in AAU.

As much as we point the finger at these kids, there’s a parent or parent figure behind the scenes who has enabled this nonsense.
 
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UAH

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They see the CF world as hugely under valued…
They’ll inject cash for a King’s ransom…we need players, we’ll agree.
Not to argue the point but they do not inject cash. Their use the value of the target organization to leverage them. Normally through a junk bond offering. One thing they do demand out of a target organization is astute financial management to manage return on investment by cost cutting and improving cash flow. One can only imagine how this would fit with academic and coaching types who have never been introduced to expense budgets or have any idea of what EBITDA means.

Just pointing out that it is a difficult marriage to undertake.
 

Tideflyer

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Honestly, most players have become the sole breadwinners in their families, but this is not always the case. Some parents of these kids are flat out greedy, living life through their child, breeding this “me first” attitude in their kids from 8U youth sports all the way to the collegiate level, etc.. If you think this is bad, take a look at the culture in AAU.

As much as we point the finger at these kids, there’s a parent or parent figure behind the scenes who has enabled this nonsense.
Of course. Many ( most? ) of these kids are poster children for bad/ nonexistent parenting.
 

JDCrimson

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Remember the commercials "How are you planning for your retirement?

Honestly, most players have become the sole breadwinners in their families, but this is not always the case. Some parents of these kids are flat out greedy, living life through their child, breeding this “me first” attitude in their kids from 8U youth sports all the way to the collegiate level, etc.. If you think this is bad, take a look at the culture in AAU.

As much as we point the finger at these kids, there’s a parent or parent figure behind the scenes who has enabled this nonsense.
 

Tidewater

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Honestly, most players have become the sole breadwinners in their families, but this is not always the case. Some parents of these kids are flat out greedy, living life through their child, breeding this “me first” attitude in their kids from 8U youth sports all the way to the collegiate level, etc.. If you think this is bad, take a look at the culture in AAU.

As much as we point the finger at these kids, there’s a parent or parent figure behind the scenes who has enabled this nonsense.
There was a player on a team I watched yesterday. He "has a family member making business arrangements" the kid entered the transfer portal, transferred, then found out he liked it better where he had been, so he transferred back, and was accepted with open arms. Nebraska, maybe. Anyway, I suspect that there are a lot of parents acting as agents for these guys. You hope they are giving the kids good advice, and not acting like "Roberto" from Waterboy.
 

Con

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If TPTB don't heed the warnings and get CFB under control it will end up like NASCAR, I guarantee it. Everyone thought the fans would always be there - they were wrong.
I don’t even remember what happened to NASCAR. For a while it was as hot of a sport as there was and then “poof”, I barely even know it is still happening.
 
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Bama_N_Va

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I don’t even remember what happened to NASCAR. For a while it was as hot of a sport as there was and then “poof”, I barely even know it is still happening.
Well, for one, the "Car of The Future" ruined racing. not to mention the dumb rule changes. Johnson winning 3-4 cups in a row...Gordon retired... Ticket prices.... stupid point sprints during the race. Oh, and if someone wrecks you, can't do the post race fight like you could in the 70s....

Yeah, thats just for starters... Haven't watched NOCARS in years....
 

The Ols

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There was a player on a team I watched yesterday. He "has a family member making business arrangements" the kid entered the transfer portal, transferred, then found out he liked it better where he had been, so he transferred back, and was accepted with open arms. Nebraska, maybe. Anyway, I suspect that there are a lot of parents acting as agents for these guys. You hope they are giving the kids good advice, and not acting like "Roberto" from Waterboy.
Kaden Proctor says hello 👋🏻
 

crimsonaudio

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I don’t even remember what happened to NASCAR. For a while it was as hot of a sport as there was and then “poof”, I barely even know it is still happening.
Essentially, they took the fans for granted, making wholesale changes that fundamentally altered the sport and the fans left in droves. It's now a shadow of what it was just a decade or two ago.

CFB is no more immune to this than NASCAR.
 

JohnD

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It's impossible to know this, but it would be interesting to truly know what the difference is in median money made available to players now versus 5 years ago. Players, at least the good ones, have been getting money, nice cars, houses, etc. forever. After pondering this a lot and hearing from people who were close to this in real life over the years, the biggest difference I see is the "high end" median and the quality of cars has gone up. That and big money boosters funded everything before and now AD's are taking the "go fund me" approach.
 

CrimSonami

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Ardmore, AL; too close to 10erC
NASCAR is about as bad as Country music.
Dale Sr. passed.
Jimmy Johnson and Hendrick won too much.
Stock cars became even less “stock”.
Brand loyalty isn’t a “thing” anymore.
Gear head community shrank.
Ricky Bobby kissing another driver pushed out sponsors, except maybe Bud Light!

Seriously though, I sometimes watch Daytona, Talledega, Brystol and Dover. Only watch other races if I’m thinking Sunday afternoon nap.
 

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