NighthawkVol
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No it was never all but done he was going to Oregon. And it wasn’t just because of the NIL deal.
Dam, you sound super defensive in your offensiveness.You are incorrect as usual about Oregon and nothing in my post said it was just the NIL deal. Learn to read and process what you read son. I said he was all but gone to Oregon until he visited TN and the NIL Deal. There's many places that have said Nico was going to end up at Oregon early in the process and why Kyler was originally interested in Oregon. As usual you are wrong, but it's ok. Everyone on here is used to you and have had many laughs about you! Now go back to your early 2000's Computer in your parents basement and finish letting her brush your hair little boy. Let the adults finish talking.I know you're still mourning that your mancrush JG is gone, so I'll cut you some slack.
I would also assume they’d be not for profit. I think it’s a little shady about them being for profit when they’re essentially soliciting donations from fans with the intention of supporting UT athletesAn official deal implies a contract being signed. Most states it is not legal for high school kids to sign a contract for NIL. So to me this statement just means they can't have a contract deal done with a recruit...imo it doesn't at all mean they can't verbally promise a kid a certain deal that he can sign a contract for once on campus. My other assumption is that most NIL companies would be setup as not for profit. California is one if two states I believe that high school kids can sign contracts for NIL....thats why when the report of a top recruit singing an 8million dollar deal came out it was assumed by most to be Nico.
They are soliciting fees from people who will receive products and information for the money.I would also assume they’d be not for profit. I think it’s a little shady about them being for profit when they’re essentially soliciting donations from fans with the intention of supporting UT athletes
They do solicit donations.They are soliciting fees from people who will receive products and information for the money.
There are tiers that supporters get for their money--all revolving around information, merch, and appearances from Spyre clients.
IMHO, it would be sketchy for them to be not-for-profit when they and the athletes are profiting.
At the end of the day, by and large, the donors are receiving better recruiting classes, but we can't really discuss that. But they are receiving tiered returns on their membership fees, whether you consider it commensurate to the money given.What is received in return is not commensurate of the donation IMO.
Also, people who run non-profits still get paid. Its different than a charity.
It's a good model at 10%. Makes it worth their while but the majority is for the athletes, Spyre should be compensated for the promotion work they do. The long term goal is to make it a multi billion dollar business that adds value to upcoming athletes. And maximizes the really popular athletes, who deserve more than the avg athlete.What is received in return is not commensurate of the donation IMO.
Also, people who run non-profits still get paid. Its different than a charity.
If their budget is $25M after 10% overhead, that’s $2.8M for administrative costs. Those must be some really nice tailgates. Anyway I’m not sure how any of the things you mention cannot also be achieved with a non-profit. Curious why other places like OSU’s collective are set up that way.It's a good model at 10%. Makes it worth their while but the majority is for the athletes, Spyre should be compensated for the promotion work they do. The long term goal is to make it a multi billion dollar business that adds value to upcoming athletes. And maximizes the really popular athletes, who deserve more than the avg athlete.
Equality of opportunity
Never equality of outcome
Athletes does his part
Spyre invests in all manner of media and promotion to do their part
He'll if I was Spyre I'd have billboards with AL WILSON and Spyre logo from Valdosta to Toledo
Pay former athletes too and recruits would be like Dayummm
If it's a non profit there would be no incentive for the place to grow and improve, because the competition would not be there, plus you get the govt involved, different disclosure rules, a private company can do whatever they wantIf their budget is $25M after 10% overhead, that’s $2.8M for administrative costs. Those must be some really nice tailgates. Anyway I’m not sure how any of the things you mention cannot also be achieved with a non-profit. Curious why other places like OSU’s collective are set up that way.
Its a “marketing” company in that it just markets itself to fans. Id be curious what they actually bring in terms of true sponsorship money from businesses. Probably pennys on the dollar for what it’s paying the athletes. Are there comparable “marketing” companies that exist like this outside of these newly formed NIL collectives? So I’m curious why some are set up as non-profit. Would seem to me there are long term benefits, especially in tax/cost structure. That being said, I wouldn’t doubt there are “investors” who are making this budget possible. What are the chances they find it so lucrative they start opening up other collectives for other teams? A Spyre Sports - Athens, Gainesville, Tuscaloosa officeAt the end of the day, by and large, the donors are receiving better recruiting classes, but we can't really discuss that. But they are receiving tiered returns on their membership fees, whether you consider it commensurate to the money given.
I personally think it would be a helluva lot more sketchy to have a marketing firm designated not-for-profit (which generally carries the concept of performing some public benefit (besides UT recruiting classes), than to have them designated not-for-profit because boosters at all levels are now legally paying recruits.
Is it a big operation? Also, if you’re saying that disclosure rules would be detrimental to the operation, that kind of seems a bit shady.If it's a non profit there would be no incentive for the place to grow and improve, because the competition would not be there, plus you get the govt involved, different disclosure rules, a private company can do whatever they want
2.5 million Is tiny for an operation this big, we need to think on 250 million 25 million stratification to do real damage
Non disclosure is not shady for a private company, its like u asking how much money I have in the bankIs it a big operation? Also, if you’re saying that disclosure rules would be detrimental to the operation, that kind of seems a bit shady.
But I’m still wondering why other collectives are setting themselves up as NFP
Its a weird business. People are paying this company money for a non-tangible return. And what is the expectation of what they will get return?Non disclosure is not shady for a private company, its like u asking how much money I have in the bank
That information asymmetry is vital when you are competing against another company
You are incorrect as usual about Oregon and nothing in my post said it was just the NIL deal. Learn to read and process what you read son. I said he was all but gone to Oregon until he visited TN and the NIL Deal. There's many places that have said Nico was going to end up at Oregon early in the process and why Kyler was originally interested in Oregon. As usual you are wrong, but it's ok. Everyone on here is used to you and have had many laughs about you! Now go back to your early 2000's Computer in your parents basement and finish letting her brush your hair little boy. Let the adults finish talking.I know you're still mourning that your mancrush JG is gone, so I'll cut you some slack.
Fans blow money all the timeIts a weird business. People are paying this company money for a non-tangible return. And what is the expectation of what they will get return?
which is why I think going non-profit is more sketchy than being for-profit. Non-profit would make those investments in college recruiting tax-deductible, correct? (I'm not a corporate attny, and my experience on non-profit boards are with religious and public benefit corps. So, I may be incorrect here?)Fans blow money all the time
This fan base however understands recruiting is the lifeblood of college football, and are willing to help, 19 dollars and 51 cents at a time
Actually seems like it could be smart, then.which is why I think going non-profit is more sketchy than being for-profit. Non-profit would make those investments in college recruiting tax-deductible, correct? (I'm not a corporate attny, and my experience on non-profit boards are with religious and public benefit corps. So, I may be incorrect here?)
Actually seems like it could be smart, then.
certainly the state legislature can agree that a good recruiting class is to the good of society when it appears that our competitors like in Ohio can set themselves up that wayNot judging. Merely stating. I guess you and I have a different distinction between smart and "appropriate". (That's OK, btw.)
My understanding of TN non-profit law is that the donations are tax deductible because the cause is considered for the public good of society. If we're all agreeing that this is to make college players $$$ for their NIL, and we all understand that the underlying reason that most of the people are donating is for the benefit of football recruiting, then I'm not sure I see how appropriate it is.
But whatever. It's no big deal. We can agree to disagree. And like I said, I may be completely wrong on the purpose of the tax laws when it comes to certain non-profit statuses and donations.