snydrosooner
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But these companies already do this with Hollywood for actors for movies, commercials, and pro athletes contracts. These are all accepted processes. Agree it’s never perfect, but there is a reason actors around same experience and draw get similar money for jobs.Appreciate the input and perspective.
But as someone who works with appraised values, wouldn't you agree that the market value (which is what fair value is) of what a buyer and seller agree to pay isn't always equal to appraised value? No one is arguing that Delliote and Touche, or any accountant, will have a process to determine a value. But how does that apply to the market value of a name, image, and likeness? And how can you determine a "fair value" from an appraised value on an athlete? The market for a QB at OU is going to be different than the market value for a QB at Boise State. It's not like you can put a slot value for a QB based on "comps" as the variance will be great and wouldn't hold up in court.
IMO, people need to quit looking at this NIL and how stupid the values are and thinking rules & courts will fix it. They can fix the contract or fixed values. But like pro athletes, CBAs, player unions, etc, do not control the endorsement deals. College athletes will win in the courts. Name, image, & likeness is not unlike endorsement deals.
It may not work out the same or at all, but similar valuation methods are already being used.