Sangria Wine
Active Member
I’m betting the scheme ends up looking something like this around the country…
In order to buy premium seats you will soon be required to to TWO things:
1. Be a donor to the “Frog Club” or equivalent to support scholarships.
2. Be a contributor to the “official” NIL funding entity. They’ll accomplish this via some sort of arrangement where the NIL funding entity is the corporate donor / sponsor who controls the seat licenses or some equivalent. Some funds raised into the official NIL entity will be donated back to the university general athletic funds so it all aligns on paper.
At the University of Florida they have long had a separate entity that controls all things athletic department including licensing of logo merchandise which generates a nice sum of money all by itself…it’s called the University Athletics Association. It seems in this format you could easily generate whatever funds are needed to buy all the talent needed as long as you have a strong demand for season tickets.
These new NIL entities could certainly own the media rights to the university and thus provide for a fee players to endorse products of sponsors, attend functions of sponsors, sign autographs at sponsor events, etc. It all seems like it would be fairly easy to establish as long as you maintain the right paper trail and keep the official university business separate from the NIL entity business, even if totalIy intertwined.
What do y’all think? Am I missing something in reading the tea leaves?
In order to buy premium seats you will soon be required to to TWO things:
1. Be a donor to the “Frog Club” or equivalent to support scholarships.
2. Be a contributor to the “official” NIL funding entity. They’ll accomplish this via some sort of arrangement where the NIL funding entity is the corporate donor / sponsor who controls the seat licenses or some equivalent. Some funds raised into the official NIL entity will be donated back to the university general athletic funds so it all aligns on paper.
At the University of Florida they have long had a separate entity that controls all things athletic department including licensing of logo merchandise which generates a nice sum of money all by itself…it’s called the University Athletics Association. It seems in this format you could easily generate whatever funds are needed to buy all the talent needed as long as you have a strong demand for season tickets.
These new NIL entities could certainly own the media rights to the university and thus provide for a fee players to endorse products of sponsors, attend functions of sponsors, sign autographs at sponsor events, etc. It all seems like it would be fairly easy to establish as long as you maintain the right paper trail and keep the official university business separate from the NIL entity business, even if totalIy intertwined.
What do y’all think? Am I missing something in reading the tea leaves?
