First rule of NIL Club

You do not talk about NIL Club.  Unlike this guy:

Yet, Michael W. Caspino with Forward Counsel in Newport Beach, Calif., said the rumor mill isn’t accurate this time around. Caspino – who has built a reputation as the NIL lawyer representing many top football and basketball prospects – said Rashada took a “considerably lesser NIL deal” by picking the Hurricanes.

“Jaden left millions on the table,” said Caspino, who confirmed he represented Rashada in his NIL negotiations with collectives across the country. “Millions. He did not pick the highest offer. He went there because he loves Miami, the coaches, and the opportunity.”

Brilliant move, genius.

Which is why Miami’s John Ruiz immediately went into “New phone, who dis?” mode.

The second rule of NIL Club is never hire somebody who bills himself as “NIL lawyer”.

18 Comments

Filed under It's Just Bidness

18 responses to “First rule of NIL Club

  1. There will be so much whiplash with folks talking out of both sides of their mouths…when will they learn to keep things on the DL?

    Auburn boosters scream “Amateurs “

    Liked by 4 people

  2. paulwesterdawg

    I don’t see the violation. If a collective says “this is what you COULD make IF you came here” then what’s the violation? How else would you structure an NIL deal in advance.

    Like

    • PWD, in theory isn’t it supposed to be that you have to at least give the appearance that the collective you signed with has nothing to do with which school you chose? In other words, wouldn’t it be a violation if ANY school is mentioned, even using the words “could” and “if”? I’m legitimately asking, I’m not sure any of us know the real answers any more than any “NIL lawyers” do.

      Like

  3. siskey

    Senator, can I pitch you an idea for a CLE to be conducted in the bowels of Sanford stadium with you as the lead presenter and refreshments provided by the Tate Center?

    Like

    • 81Dog

      For Dawg’s sakes, don’t let the athletic dept handle refreshments. The lines will be long, the supplies low, and the help will be helpless.

      Liked by 8 people

  4. While it’s easy to say he’s crossed the line, methinks counsel knows he’s just up against it. The player can say/claim “I want to go to Miami” and the attorney/agent responds with “then here is the best deal for you because of X, Y and Z” which are business reasons, not choice of school. It just so happens the Miami collective best fits those reasons (like in-person appearances…kid would reasonably reject a California collective’s offer because of location). Sure it’s a scam…but threading a needle under vague laws is what they get hired to do.

    NCAA and State Legislatures need to reform this as I note in the Senator’s next post.

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  5. Dawg in Austin

    Eventually they’ll all get as good as the coaches when they say, “I’ve never talked to anyone at LSU about their opening.” (When everyone knows their agent has.) Until then, someone’s going to get popped.

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  6. archiecreek

    Collective is a communist term.
    Therefore, you never, never talk.
    If you do, you go to the gulag!!

    Liked by 1 person

  7. whb209

    It is amassing to me that a roomful of smart men and women
    could /would not see any future problems with this NIL bs.
    Everyone is surprised that there is a problem or three.

    Liked by 1 person

  8. kirkwooderson

    The conventional wisdom among the CFB cognoscenti is that it is actually the NCAA that is scared and that there is unlikely to be any consequences for NIL shennanigans. The NCAA has already said they are unlikely to punish individual players, as they have been repeatedly bitch-slapped in court for doing so. And they are VERY apprehensive to punish schools, as they fear (correctly) that football will simply leave the NCAA as the NCAA provides nothing of value to CFB (also correct). You may see some variation of the infamous Tark quote (“The NCAA was so mad at Kentucky they gave Cleveland State two more years of probation” LOL) where they have some patsy school get some light probation, but thats about it.

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