College Basketball NIL Tournament

[GoldenEagles03]

Good for the kids. Great for the kids actually!

But making tournaments about making money in College just feels weird.

https://twitter.com/FOS/status/1766232265418256748?t=F_sWlsqFZPHyzlU5eugmow&s=19

BREAKING: A first-of-its-kind tournament featuring NIL deals as payouts is coming to college basketball next season.

The 8-team invitational in Vegas will guarantee $1M be split among players on each team—with another $1M to the winning team.

College basketball's first-ever NIL payout tournament—called 'Players Era'—will be played at MGM Arena in Las Vegas.

Sources tell FOS the tournament organizers are in talks with:
• Alabama
• Duke
• FAU
• Houston
• Kansas
• Oregon
• San Diego State
• St. Joe's
• Syracuse
• Virginia

[ATL MU Warrior]

St. Joseph?  Oh wait, I see AND1 is involved. I know some of the founders of that company and they are from Philly...must be due to that.

[GoldenEagles03]

St. Joseph?  Oh wait, I see AND1 is involved. I know some of the founders of that company and they are from Philly...must be due to that.

Seems like now those schools could have a recruiting advantage in the portal due to the fact that there is $1,000,000+ in NIL money available to them that wasn't before and isn't to the rest.

[Daniel]

Sounds like a bad idea.... Someone on Twitter asked a good question.  NIL is based ON name image and likeness and this seems to be pay for play.   And how can these schools not have an advantage?   

[Jay Bee]

As described, not allowable

[Uncle Rico]

As described, not allowable

That's cute

[Newsdreams]

That's cute

Trust me, nothing about JB is cute

[PointWarrior]

Apparently everything that has happened with NIL to date is not allowable.  Perhaps you are not an great source on this. 

As described, not allowable

[Jay Bee]

Apparently everything that has happened with NIL to date is not allowable.  Perhaps you are not an great source on this.

Happy to entertain wagering on this specific topic

[79Warrior]

Happy to entertain wagering on this specific topic
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So the folks putting this together have no clue?

[Jay Bee]

So the folks putting this together have no clue?

Where is the release or a quote from these "folks"?

A tweet from "Front Office Sports" offers many possibilities for the why of the bad info, but it's bad info. Again, happy to wager.

[WhiteTrash]

Why have to travel to and play in a tournament? NIL deals are plenty available especially for some of the teams listed. I could see a school like St.Joe's/FAU/SDSU being interested. I don't think the dollars being offered move the needle for P6 programs or players. (It's like $5K per player after taxes)