🏈 Nice NIL deal: MSU QB gets to "treat his linemen with pre-game meals" in exchange for name use.Moe's Original BBQ

[TerryP]

 

[TerryP]

Just in case you read the title of the thread and thought Michigan State...

Their football and basketball teams will get paid throughout their entire career. There's a former walk-on that's agreed to pay every member of both teams $500 a month: he runs a Mortgage company.

 

[rick4bama]

Did any of you hear what B. Yoiung has done? He has turn down just as much as he sign up for? Tyson has sign up for something now. Sorry can't remember what it is right now.

 

[rocknthefreeworld]

Just in case you read the title of the thread and thought Michigan State...

Their football and basketball teams will get paid throughout their entire career. There's a former walk-on that's agreed to pay every member of both teams $500 a month: he runs a Mortgage company.

That should violate the NIL as it is conditional on going to a particular school. We all know most of them are but being blatant about it is definitely something the NCAA should hammer.

 

[TerryP]

That should violate the NIL as it is conditional on going to a particular school. We all know most of them are but being blatant about it is definitely something the NCAA should hammer.

That's still based on individual state law, is it not?

 

[BamaFan334]

That dude can afford upwards of $50,000 a month to give away to football and basketball players? @TerryP

 

[TerryP]

That dude can afford upwards of $50,000 a month to give away to football and basketball players? @TerryP

Running a mortgage house? No doubt he can.

 

[SoCalPatrick]

Running a mortgage house? No doubt he can.

Never thought about that. How much do those guys generally make?

 

[TerryP]

Never thought about that. How much do those guys generally make?

I know a guy that runs a fairly small house—I think it's small, no idea how many people normally work in one—that has five or six brokers under him. Last month he either had 21 million he was closing, or 21 deals closing. If it's 21 deals, at 100K a piece (LOW ball estimate there) he'd have made 42K last month. Those were his personal deals, not the total of the brokerage.

 

[BamaFan334]

I know a guy that runs a fairly small house—I think it's small, no idea how many people normally work in one—that has five or six brokers under him. Last month he either had 21 million he was closing, or 21 deals closing. If it's 21 deals, at 100K a piece (LOW ball estimate there) he'd have made 42K last month. Those were his personal deals, not the total of the brokerage.

Explain that calculation. Thought brokers got like 1% of the 3% (if split) commission? Add that to him needing to make WAY more than that to offer that kind of money to a program. It's just a lot of money. Gravy train on biscuit wheels right now, but it won't be forever.

 

[rocknthefreeworld]

That's still based on individual state law, is it not?

Possibly. At present Michigan has no law in force (passed, signed, takes effect end of 2022) so they fall under the NCAA rules until 2023