The Official Seton Hall Pirates Marketplace for NIL Deals - Opendorse
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This looks promising (NIL)!
- Thread starter SHUisNJsTeam
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So our Walk On's are asking for more $$ then our scholorship players-- Good for them!!
It’s a start and once again in line with what NIL was all about. Individuals getting paid to perform a service based on their marketability as an athlete.
But recording a shoutout video for $11-20 or participating at a Bunny’s pizza party autograph session is nowhere close to what is being done at other schools. We are talking about massive collectives or wealthy boosters conducting in direct pay for play.
Seton Hall is falling behind quickly.
Let’s play out a hypothetical in this new environment. Clearly we aren’t landing new recruits. However, what happens if Tae Davis breaks out towards the second half of the year against BE competition? Which blue blood will decide to come along and dangle a carrot? What is a number that we can match for him to stay, $25,000, $50,000, $75,000?
How does Sha do his job properly if another school is willing to employ his services for a significantly higher rate?
But recording a shoutout video for $11-20 or participating at a Bunny’s pizza party autograph session is nowhere close to what is being done at other schools. We are talking about massive collectives or wealthy boosters conducting in direct pay for play.
Seton Hall is falling behind quickly.
Let’s play out a hypothetical in this new environment. Clearly we aren’t landing new recruits. However, what happens if Tae Davis breaks out towards the second half of the year against BE competition? Which blue blood will decide to come along and dangle a carrot? What is a number that we can match for him to stay, $25,000, $50,000, $75,000?
How does Sha do his job properly if another school is willing to employ his services for a significantly higher rate?
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Agree 1000%! You are absolutely correct! I was just surprised but happy to see something…anything…being done at this point! Gives me hope that there is at least one warm body somewhere that is doing something.
Why the hell aren’t we helping these kids get merchandise out there!? Can’t someone offer game jerseys with their names and numbers? Sad because the school can’t even get the gray jerseys without names!
Respectfully at this time, the Davis' will yield a higher request & return vs a walk-on who could get 1 or 2 so it balances out.
The link to the NILs will be permanently posted at the top of the board.
Off season how great would it be to have a picnic and invite a player for a couple of hours to appear and also sign memorabilia! Or have the Booster Club invite a player or two to speak at a dinner.
Off season how great would it be to have a picnic and invite a player for a couple of hours to appear and also sign memorabilia! Or have the Booster Club invite a player or two to speak at a dinner.
Just what I want, a disinterested college kid at my annual 4th of July BBQ. The Booster club events would be more appropriate.
Mostly positive post and a hope at the end.
While this won't be enough alone to retain and recruit players, its way more than what was available before and the school in finally helping which is great news. The website is clean and direct. I like it.
Thoughts: Pocket change is nice for retaining bench players for sure, but to really compete with power 5, memphis, gonz, etc, I think Sha and SHU admin need to work on relationships with big corps in area, go direct to corp to fund NIL donations. I don't know if our few individual whale donors will be enough without taking too much directly from the school donations.
We need NJ/NY corps to get involved somehow but until then keep moving it forward SHU admin! Can we put a pharmaceutical name on the jersey somewhere, make it the Walsh Johnson & Johnson arena?
We have one of the most popular coaches right now, cash in with NJ/NY national and multinational companies with headquarters nearby. That is the way we compete in this new landscape.
While this won't be enough alone to retain and recruit players, its way more than what was available before and the school in finally helping which is great news. The website is clean and direct. I like it.
Thoughts: Pocket change is nice for retaining bench players for sure, but to really compete with power 5, memphis, gonz, etc, I think Sha and SHU admin need to work on relationships with big corps in area, go direct to corp to fund NIL donations. I don't know if our few individual whale donors will be enough without taking too much directly from the school donations.
We need NJ/NY corps to get involved somehow but until then keep moving it forward SHU admin! Can we put a pharmaceutical name on the jersey somewhere, make it the Walsh Johnson & Johnson arena?
We have one of the most popular coaches right now, cash in with NJ/NY national and multinational companies with headquarters nearby. That is the way we compete in this new landscape.
Why do you so often choose to paint the ugliest picture possible?
I have been involved with our players three times in NIL events and each and every time they have been nothing but openly pleasant to everyone. Children and adults alike.
Get out from under your dark cloud!
Love the thought process and brainstorming. All avenues should be explored and taken advantage of.
But if you were a major local corporation with the opportunity for a major building sponsorship, why would you pay for the naming rights to a building that hosts 1 men’s basketball game a year on FS2?
Also if you take a closer look at the website and scroll to the bottom. You will see opportunities for Delgado and Whitehead promoted. I think this is inappropriate to be honest. Could those former players promote their services for donations to a collective?…that I would be all for. But once you graduate from the school, there should not be a platform (promoted by SHU) for you to generate income off your NIL. This will only detract from the current players.
But if you were a major local corporation with the opportunity for a major building sponsorship, why would you pay for the naming rights to a building that hosts 1 men’s basketball game a year on FS2?
Also if you take a closer look at the website and scroll to the bottom. You will see opportunities for Delgado and Whitehead promoted. I think this is inappropriate to be honest. Could those former players promote their services for donations to a collective?…that I would be all for. But once you graduate from the school, there should not be a platform (promoted by SHU) for you to generate income off your NIL. This will only detract from the current players.
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This to me is what NIL should be about. All the jerseys should have names on it, and the money goes to the player whose name is on the jersey. Obviously, the better players will sell more jerseys, and they would be compensated better (which makes sense).
The school should set up an NIL online store, and every item bought at store goes to whoever you select on the purchase. Therefore, if you want to buy a flag, you just need to select the player(s) or full squad and they get a %. I am not sure you can do this, and, of course, the small schools would be at a huge disadvantage to the big schools, but at least our guys would get some money (and we could then possibly retain them). The retaining part is the biggest issue i have. If we can't do that, our program will then become a feeder program for better ones.
Dan you do a FANTASTIC job running this site. That goes without saying. But not everyone has to pimp themselves for the program. I post my opinion. If you don't like it that's fine. This is a message board.
Anything remotely against NIL/pay for play is shouted down on this board. Personally, I hope Seton Hall doesn't get involved in the cesspool of pay for play. I'd rather see the program fold than go down that path. It has been a good run.
True NIL, although I disagree with it in college athletics, is a reasonable compromise. Pay for play is a red line that I hope we don't cross.
What Seton Hall needs is the right person to run its NIL efforts , I.e. someone who can establish continuing relationships with corporate and business sponsors that allow us to be competitive in what we can offer recruits.
This whole "pay for play" concept has really muted my excitement for college basketball. While I'm not naive to the fact that very similar things were happening behind closed doors, there was in fact a bit of bliss that resulted from the ignorance as to the details. We're also at a supreme disadvantage to many larger institutions, as others have pointed out countless times, as well as at a disadvantage to institutions that reside in territories that offer far less competition for the entertainment dollar.
All of that said, I have no issue with what the above website is designed to accomplish. I see no reason why an athlete can't take a booking for a public appearance, or create a social media post at the request of someone. Nor do I see harm in an ardent supporter of a program paying $50 for an athlete to sign a photo for them. To me, this is definitely in the spirit of "NIL".
I for one will be allocating what I earmark to this specific endeavor to the non-revenue producing athletes at our University. While it certainly won't make them rich, I imagine our athletes that participate in baseball, softball, swimming, etc would be thrilled to have a little extra scratch and some direct acknowledgement from someone that appreciates what they do.
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Side note on the topic of that website; I took the liberty of strolling on over to the Oregon Ducks page (i'm a fan of the football program). Bo Nix is currently charging something like $800+ for an autograph LOL
For players like him, it's really just a way for large boosters to easily funnel him the money directly and get a trinket out of it in return. However, the stones of a kid like that to charge double what Josh Allen and Patrick Mahomes charge!
For players like him, it's really just a way for large boosters to easily funnel him the money directly and get a trinket out of it in return. However, the stones of a kid like that to charge double what Josh Allen and Patrick Mahomes charge!
I have no issues with opinions. We all have them.
But what point does it serve not knowing the players, and I assume never having spoken to them, to note for anyone interested in taking up my suggestion of having them attend a picnic in the spring or summer to say that you wouldn't want a disinterested college kid at your 4th of July BBQ?
How do you know they would be disinterested? In fact I would wager just the opposite. That they would be incredibly engaging, especially to the children in attendance.
This summer I saw them in person for two hours run an NIL clinic for about 75 or so youngsters. They had as much fun doing that as the 5-10 year olds did playing with and against them.
In fact Richmond actually worked though his lunch break to stay on the court with a couple of kids while most everyone else was eating and drinking their free meals.
These are good kids. Give them a chance before we unknowingly criticize them.
Easier said than done. I've thought about this. All I have is a bunch of questions that makes me think it's going to be extremely difficult to get the the right person. Getting the right person doesn't come cheap. Let's say that person is working in marketing in NYC making 300K a year with a wealth of experience doing their thing. Who is paying him to come to work for SHU athletes? Is that guy taking 300K from our players collective money to pay for his work? Is the athletic department going to pay for this? Is the school even allowed to pay for someone to do this?
You really think they'd be excited to attend my BBQ? I don't care how much they are getting paid. Deep down they would have no desire. Let's call it what is. They just want to be paid.
Maybe an accountant can weight in on this.
If I donate $ to a schools 401c3, it comes out as a donation on my tax return and I benefit a little from that donation.
But for a business owner like me if I pay for a player to either advertise or let's say sign a ball that I put in my office. Isn't the later a greater benefit to me as it is coming of my schedule C income (as advertising or office decor).
It seems to me that anyone who owns their own business would benefit more by paying players and contributing to the program. Whereas people retired or a employee that does not have a schedule C deductions would benefit by donating straight to the school.
In my mind NIL $ should be solicited and advertised for business owners and of course from all other fans too.
If I donate $ to a schools 401c3, it comes out as a donation on my tax return and I benefit a little from that donation.
But for a business owner like me if I pay for a player to either advertise or let's say sign a ball that I put in my office. Isn't the later a greater benefit to me as it is coming of my schedule C income (as advertising or office decor).
It seems to me that anyone who owns their own business would benefit more by paying players and contributing to the program. Whereas people retired or a employee that does not have a schedule C deductions would benefit by donating straight to the school.
In my mind NIL $ should be solicited and advertised for business owners and of course from all other fans too.
What’s on the menu?
Will there be a face painter and a bounce house as well for the kids?
I guess it all depends on how good a BBQ it is.
Your schedule C income or even your K1 income from a Schedule E - 1120s is going to be reduced by the expense item before it carries over to your 1040 personal federal return.
If it’s a donation, then it’s just going to be a reduction line item on the 1040.
It should in theory net you the same result with the IRS.
501c3
The bigger problem with a 501c3 is that the IRS will look to knock these out in a couple of years and they might take away your donation. 501c3's must have a charitable purpose. Paying college athletes is not a charitable purpose. Are theses 501c3's going to generate a profit and give a chunk of money to a homeless shelter, food bank, etc. Again paying college athletes is not a charitable purpose. I would never donate to a 501c3 to pay a college athlete because I fear they will come back to haunt me for taking the deduction. Not to mention I think this would be a horrible route to go for any school. Top 5 paid contractors need to be reported on the 990. Guess what anyone can see the 990 online. Wait til player A finds out player B is getting paid more than him. You'll have great locker room chemistry. I would donate right to the school, or take the business right off if a player is advertising for your business, but these 501c3 collectives seem kind of shady.
Pass Interference: Potential Tax Implications of NIL Collectives in College Sports: Stinson LLP Law Firm
It's been over a year since the NCAA implemented its NIL policy, and uncertainty around federal regulation remains. Many universities have seized the opportunity to attract better athletes to their programs, and more and more student athletes are receiving deals from NIL collectives.
Interesting article and here's the main quote from it.....
Although the Internal Revenue Service (IRS) has granted tax-exempt 501(c) (3) status to some NIL collectives, this does not answer the more pressing question of whether those collectives would survive an IRS audit of their charitable status after an examination of their actual activities and operations. The IRS has not issued a position or any guidance on whether the NIL collectives can maintain their tax-exempt status, and the granting of the tax-exempt status is considered by some as merely a procedural action rather than any concrete opinion by the IRS, since such status is granted based on statements describing the NIL's exempt purposes and its proposed activities made in the tax-exempt application. The IRS can later revoke an organization's tax-exempt status if it concludes that the organization does not operate in accordance with the stated exempt purpose in its application or if the IRS determines that the organization's activities serve private interests or provides private benefits to individuals or organizations.
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So happy to see the school making an effort! This is a great piece (keyword: piece) to the NIL puzzle but we still need the collective. Every school on this market place *also* has a complimentary collective which is where the real influence is made.
$25 autographs and $150 guest appearances are great for spending cash on the weekends but it won’t compete with discretionary NIL funds that raise $1M+ per year.
$25 autographs and $150 guest appearances are great for spending cash on the weekends but it won’t compete with discretionary NIL funds that raise $1M+ per year.
A step forward. Watching the CU Arkansas game yesterday the thought hit me— how much are those phenomenal athletes playing for Arkansas getting paid? A lot. Then I realized that Creighton is no slouch with NIL either. We have a long way to go.
A college coach told me there is only one school in the BigEast that can compete with SEC schools from an NIL perspective - Creighton.
At least this opens doors for the players. From speaking engagements, to party events, to attending and teaching young players in workouts or practices.
This is what the NIL should be, not the pay for play collectives and their like that have sprung up across the country.
This is what the NIL should be, not the pay for play collectives and their like that have sprung up across the country.
