Exactly. These HS kids haven't accomplished shit at the college level yet. Make them earn it.
I think people are just moving up the timeline. Players entering college are now getting paid based on their perceived potential just like 1st round draft choices are being paid for potential.
The only good so far is that it's leveled the playing field between Bama and the $EC schools that already were paying millions to the players. Now the rest of the country is doing the same.
I think it will evolve into revenue sharing between athletic departments and players
The youngsters will find out real quick about taxes. And how bad the federal government fvcks you and misspends your money. Welcome to the real world!! It sucks!!
Ole Miss is building themselves an elite team out of the portal. This is the exact strategy I said we should follow, but instead we're blowing all of our NIL cash on the bottom half of the roster. I'm sure the results will speak for themselves next season.
Probably smart and necessary. The tax thing is an important point too. Some of these guys hardly know how to talk, let alone knowing the basic responsibilities behind managing just being thrown a million dollars.
Very smart. How many NFL and NBA dummies go broke 5 to 10 years after signing huge contracts? Always some idiot who doesn't pay his taxes, goes into business with his buddies, appoints his uncle as his financial manager. The NFL sits these kids down every class and yet they still blow millions. Unbelievable.
Not only does Nebraska supply financial advisors they hold money back to pay for the taxes and some of the money automaticly goes into a retirement account in the form of long term investments such as rental properties. Nebraska is helping the players think long term.
Very, very wise that Nebraska does this. Help them invest their money. Think long term. Not a Rolex, Lambo and a purse they will end up pawning in 5 years after the gravy train runs out. Think smart kids. Buy gold and silver from Rosalyn Capital and William Devane.
Great hedge against this insane inflation.
Very, very wise that Nebraska does this. Help them invest their money. Think long term. Not a Rolex, Lambo and a purse they will end up pawning in 5 years after the gravy train runs out. Think smart kids. Buy gold and silver from Rosalyn Capital and William Devane.
So dumb. Get yourself a Toyota Camry and put that money to work. Let your play do the talking, not your fancy ride.
I expect NU to be a leader in managing money and investing. We already do so well in the academic and life skills that we should be a natural leader.
That video literally makes me laugh out loud every time I watch. And I have watched it at least 5 times today. Seems like a Will Ferrel movie it's so over the top.
That will just be a mini bonus for them because NIL will never go away. I don't like it, but SCOTUS ruled correct af on the issue.
There’s gonna be some repercussions. With that kind of dough, you can afford to pay someone to do all your schoolwork for you. I imagine that much cash would be a big distraction to anything else. Don’t lose sight of what got you there.
You are right, I should of said 1890 not Nebraska as that is what I meant. Saying that though, 1890 does what the Athletic department wants or would like to see happen.
Hah yeah I’m sure 18 year drubendall would buy a Camry .. I always find it funny how some people like to spend other people’s money
You don’t think most people will earn $1-$2M (on the high end) over their lifetimes?
Not everyone lives the millionaire lifestyle like you, playboy.
Kong thinks most people are millionaires 🤣🤣
Sounds about right. I've spent over 1.5 million on whores and whiskey. The rest I just kinda pissed away.😒
He’s saying that people will “earn” that amount over their lifetime. Average wage in US is about $60,000. Work for 45 years - that person earned $2.7 M over their life time. Net worth and retirement accounts, etc are a whole different story.
I would add that over a lifetime it’s not a stretch to think the vast majority of the population could be millionaires (net worth) if they make reasonably good decisions with their money.
