Revenue Sharing Contracts?

[Tideflyer]

So, does anyone know of any contracts with players as of yet? When ( not if ) the University begins to execute such agreements, does that in essence formalize a sort of employment agreement between the University and the player? Are academic performance requirements somehow included or does this formally end the silly “ student athlete “ nonsense?

 

[AlexanderFan]

Report: Five-star OT Felix Ojo inks one of CFB's largest guaranteed rev-share deals with Texas Tech

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www.on3.com

 

[Bamabuzzard]

Can someone explain the component of the revenue sharing where all NIL contracts have to go through a "clearing house"? I'm confused about how that will work and how it will be enforced if not abided by.

 

[Tide&True]

So, does anyone know of any contracts with players as of yet? When ( not if ) the University begins to execute such agreements, does that in essence formalize a sort of employment agreement between the University and the player? Are academic performance requirements somehow included or does this formally end the silly “ student athlete “ nonsense?

This is a very good question. When will college football be classified as professional?

 

[TheRealPokeChop]

Can someone explain the component of the revenue sharing where all NIL contracts have to go through a "clearing house"? I'm confused about how that will work and how it will be enforced if not abided by.

Rev share = salary cap
NIL = endorsement deal

Rev share is a set pool of money and every member of the team (up to 105 players) will recieve some portion of that pool. And 85 will rceieve scholarships as well (sec agreed to keep scholarship limit at 85 for the time being. Schools can decide who gets what portion of that pool of money. This will function similar to the NFL pay scales and salary cap. For instance ty Simpson will make more than mack or Russell due to seniority and being a starter (likely). Ryan williams will probably get the largest percentage because of his star player status at a hugely important position. Rev share will be a good chunk of money but if you do it right very few players will.be getting rich from it, they may do well however. This is why you literally cant get just anyone you want in recruiting anymore unless those players are willing to take smaller Rev shares.

You can get a 5 star qb every year but they will want big Rev share agreements and if you spend all your cap on qb,.you will stink or only have like 60 players on your team. Gotta get comfortable developing and scouting good 3 star kids to bolster your roster.

There is a budget, its a hard set number and your schools job is to make sure thats balanced as they please.

NIL will remain, however all deals must be approved by the NIL clearinghouse (NIL GO) we dont know how this works yet until rubber meets the road in August but every program in the country (except auburn) seems to have an idea.

NIL will likely be what is was always meant to be instead of pay for play (it will still be sort of pay for play but not as much) so deals have to be reasonable based on the players marketability, position, public profile etc...

If NIL GO deems that an NIL deal isn't legit (a team offers a prep player a multi million deal that doesnt match their marketing or whatever) the clearinghouse can reject the deal. After that its either back to the drawing board for the collective and the player OR the school can honor the deal BUT it will count against their salary cap instead of being NIL based.

Its possible those decisions can be challenged but i would assume the house settlement includes arbitration agreements for such issues. But I could be wrong

One more thing. Just learned this yesterday. A school can designate a player as a "designated student athlete" these players will not recieve any portion of Rev share and maybe no NIL. These will be walk ons and as far as I can tell dont count against the 105 limit. But they will have more opportunities than paid players to enter the portal and won't be bound by contracts.

Also football cna now grant partial scholarships. Thats new and something keep and eye on.

 

[JDCrimson]

Auburn will go back to paying players under the table only because they aren't smart enough to figure how to do it within the new rules...