Bobcat Love's Sense of Shame
4/1/2022 8:55 AM
And OSU leads the nation in NIL's for this year. The amazing thing is nationwide how little the basketball player is getting. And to some's point on this topic, there is a misunderstanding that is probably coming from bad advice, but there is not money that is going to change anyone's life or college experience coming down the pipe for 99% of these athletes.
I’m guessing nobody has any idea how much money is being paid to athletes outside of the “legal” NIL deals. When it was “illegal” there were later reported 6 figure deals being made. You don’t think there are still lots of under the table deals being made?
What's the point of an under the table deal when you can do it out in the open?
People seem to think the black market wasn't caused by the lack of a market. The sketchiness and illegal activities were a direct result of a huge industry being so aggressively over-regulated that key value creators were left out altogether. It's legal now. I own a business. If I want to pay Sears to stay, nothing stops me from doing it. Why would I do it under the table?
Because as others have said in this thread, there are some limitations (admittedly not many) on NIL payments. Why bother with those if you can pay under the table?
Because paying under the table has landed multiple people in jail?
You yourself acknowledge there aren't many restrictions on NIL payments. So what is it about the restrictions there are that make committing a crime worth it?
I think that people are failing to contextualize why there was corruption and elicit payments under the old system and are making a false assumption that that activity was somehow inherent to college athletics. It wasn't. It was inherent to a hugely over-regulated market. It's a basic truism that when a legal market doesn't exist, but there's demand for something, an illegal market will pop up.
We now have a legal market.
Everybody crows about the "unintended consequences" of the NIL. But it's always people who ignore the unintended consequences of the prior system: bribery, corruption, point shaving scandals, etc.