SHU NIL To Grow Substantially
- Thread starter Piratz
- Start date
Seton Hall can’t sit back and expect the settlement to erase the shortfall we have in our Nil account it has to move forward with its own fundraising .
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This is what I am thinking . NIL budgets have nearly doubled every year since the insanity started. Every year there has been talk SHU has more than the previous year and they end up being less than half of what is needed to simply be competitive. From what it sounds like SHU will have the amount for what was needed this year not next year.
If they have a reasonable amount of intelligence (not saying they do), maybe they’ll come through by realizing they are hurting the entire school in terms of lost revenue, and not just the basketball program.
It doesn't help us at all, because the amount that is allowed to be spent under the settlement has to come from somewhere. The settlement isn't awarding us any money to spend, sadly. With the University's overall budget, there just isn't anywhere this kind of money can come from. It's bleak.
This is true. The Athletic Department budget has to create $4-5 Million in the budget to share with players. Not sure their plan for that but they should have ALL options of the University at their disposal.
They can get money for items they make priorities. They've rebuilt many major campus facilities over the last 10 years, one at a time. Now that the facility projects have mostly been completed, there is room for a new priority. This has to be it - a top priority for the school at this time.
They came up with $55 Million to build the facilithey they built a new Student Center, a baseball field, etc, etc. They can come up with $5M for Revenue sharing. There are also ways to raise revenue and cut costs through scheduling, travel budget, coaching changes/cuts, etc.
A good place to start would be avoiding MTE tournaments that charge money to participate.
Avoid MTEs, lessen buy games, create revenue-generating neutral site games in NYC and quality home and homes. Work on opportunities like the Players Festival in Las Vegas. That was successful this year so one would think others will copy the blueprint.
Isn't there already a big time Vegas NIL type tournament on the books for next year around Thanksgiving? I thought someone posted about that a while back on another thread.
It’s the second year of Players Era, with all of the first year teams returning plus several more, including St Johns
All these schools stuffing their NIL coffers and we are paying to play in a watered down Maui.
Talking about an approximate $1.5M swing right there. I'm sure not easy to get in the Players Era now that every team got paid $1M this year and it was run well. But with the trend of smart, quality teams avoiding MTEs, there has to be other opportunities springing up to make money.
Takes a lot of networking and hustle to build a quality OOC schedule and the barometer of a quality OOC has changed with the advent of revenue sharing and NIL. You have to look at your OOC through the lens of profit/cost or we will fall further behind.
Kinda like ncaa football. They keep getting beat by the little guys so they just stopped allowing them a chance.
It’s why it sucks as a sport now.
The P4 are trying to eliminate all outsiders, including the Big East. The only thing preventing them from going after the automatic bids of those lesser conferences is the fact that the broadcast partners of the NCAA Tournament love those Cinderella stories. But they do want to keep adding teams so that the auto-bids have to have more play-in games to advance. They want to take it all.
