A few months ago, four-star high school recruit Jaden Rashada was allegedly promised $13 million by the Florida’s NIL “Gator Collective” to de-commit from Miami and enroll at Florida. Rashada went forward and signed a binding National Letter of Intent to attend the University of Florida. However, when it became apparent to the Gator Collective that the $13 million deal they offered Rashada was far more than his NIL market value, they reportedly reneged on the deal.
The implications of all this are far reaching. To begin with, offering a recruited athlete any kind of NIL deal as an inducement to attend a school is a violation of the NCAA’s prohibition against “Pay for Play.” However, it is clear that NIL collectives are doing just that with impunity. The reason that these collectives are so embolden is that the NCAA was prevented by the Supreme Court from forbidding student-athletes to profit from their name, image and likeness . This ruling regarding NIL rights leaves the door open for other law suits challenging the NCAA’s authority to limit student-athlete compensation.
In the roughly 11 months since the NCAA lost at the Supreme Court, approximately 200 NIL collectives have been formed. These collectives aggressively use NIL as the ultimate recruiting tool to assure athletes that lots of NIL deals await them at the school they are advocating for. Now that these student-athletes are represented by agents they want more than assurances.
Wow, it's almost like the NCAA never had any rules to begin with! 🤔
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