It’s obvious that this whole NIL thing has become something other than it was intended.
The contracts are probably as varied as the sunsets.
It seems like there SHOULD be a standard used by everyone.
When I took Business Law, we learned that a valid contract consisted of consideration by both parties involved. For example, I pay you money for a service. We know that these student athletes are getting paid, but what value are they providing in return? Since you can’t pay an athlete to sign a scholarship or to play for your school, then what is going on? I haven’t seen any commercials or endorsements by any of these guys (probably has been, but obviously very rare).
There needs to be some sort of regulation of these deals.
Perhaps the NZAA needs to come up with a standardized agreement and require that these agreements are registered and provided to them. There needs to be some sort of transparency in all of this.
Another thing I am wondering is WHO is making these deals with the players? Companies, booster groups or individuals? It's obvious that the coaches are heavily involved in the offers and that is NOT supposed to be happening if the schools are supposed to be separate from the deals.
What are your thoughts?
The contracts are probably as varied as the sunsets.
It seems like there SHOULD be a standard used by everyone.
When I took Business Law, we learned that a valid contract consisted of consideration by both parties involved. For example, I pay you money for a service. We know that these student athletes are getting paid, but what value are they providing in return? Since you can’t pay an athlete to sign a scholarship or to play for your school, then what is going on? I haven’t seen any commercials or endorsements by any of these guys (probably has been, but obviously very rare).
There needs to be some sort of regulation of these deals.
Perhaps the NZAA needs to come up with a standardized agreement and require that these agreements are registered and provided to them. There needs to be some sort of transparency in all of this.
Another thing I am wondering is WHO is making these deals with the players? Companies, booster groups or individuals? It's obvious that the coaches are heavily involved in the offers and that is NOT supposed to be happening if the schools are supposed to be separate from the deals.
What are your thoughts?
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