Florida and NIL issues

[stolitonic]

Saw this one pop up earlier and was a bit shocked.

Do any of our Gator visitors know anything about this "collective"? I'm assuming this one is a smaller NIL thing or even a national deal and not the big dog one for Florida?

Pretty sad actually-instead of an NIL deal sounds more like a loan with a VERY high interest rate.

Lawsuit reveals Gervon Dexter entered $436K NIL deal during senior year with UF football

According to a lawsuit filed in U.S. District Court, former UF DL Gervon Dexter's attorneys claim terms of his $436K NIL deal violated state law

www.gainesville.com

 

[WillisWG]

Florida’s NIL deal

Florida’s NIL deal taking 15% of future NFL earnings from player. 1st they don’t have the money to pay someone what they promised now taking future earnings. I think you could negative recruit pretty well with these things going on.

www.volnation.com

Recommend merge

 

[lawgator1]

Don't know anything about it and I don't see why there'd be a clause in future earnings. But one assumes he had an agent or counsel at the time so it may be enforceable.

Either way, I am convinced of two things. First, we will see these sorts of NIL controversies with increasing regularity. Second, it will make me even more jaded as a fan.

I always knew it was about the money. But fooled myself on occasion that there was genuine enthusiasm for the team by the players.

No more.

 

[stolitonic]

Florida’s NIL deal

Florida’s NIL deal taking 15% of future NFL earnings from player. 1st they don’t have the money to pay someone what they promised now taking future earnings. I think you could negative recruit pretty well with these things going on.

www.volnation.com

Recommend merge

Sorry, didn't see the one in the football forum

 

[Wireless1]

I don’t believe this is a “collective” but a group of investors that front/invest in an athlete with their return being a part of their future earnings. I think baseball prospects and golfer do this all the time

 

[volfanhill]

Don't know anything about it and I don't see why there'd be a clause in future earnings. But one assumes he had an agent or counsel at the time so it may be enforceable.

Either way, I am convinced of two things. First, we will see these sorts of NIL controversies with increasing regularity. Second, it will make me even more jaded as a fan.

I always knew it was about the money. But fooled myself on occasion that there was genuine enthusiasm for the team by the players.

No more.

Lol you naive? Never

 

[95 Vol Alum]

Don't know anything about it and I don't see why there'd be a clause in future earnings. But one assumes he had an agent or counsel at the time so it may be enforceable.

Either way, I am convinced of two things. First, we will see these sorts of NIL controversies with increasing regularity. Second, it will make me even more jaded as a fan.

I always knew it was about the money. But fooled myself on occasion that there was genuine enthusiasm for the team by the players.

No more.

It can’t be both?

 

[woodpusher]

Don't know anything about it and I don't see why there'd be a clause in future earnings. But one assumes he had an agent or counsel at the time so it may be enforceable.

Either way, I am convinced of two things. First, we will see these sorts of NIL controversies with increasing regularity. Second, it will make me even more jaded as a fan.

I always knew it was about the money. But fooled myself on occasion that there was genuine enthusiasm for the team by the players.

No more.

I have to wonder about the boosters too.