Joe Bam gets his waiver

[SoonerinNC]

I'm usually against things that mostly benefit the elite and against things that provide an unlevel playing field.

This thing is the best recruiting thing for the athletic elite schools ever enacted. And will benefit mostly football and basketball players in the mens sports.

The intentions of those who enacted this were honorable, but as usual in their attempts at nobility they did not consider the negative side of things.

If you don't believe me tell me the next time you see a fan wearing a Liz Scott or Savannah Davison jersey. Or if you even see them where athletic jerseys are sold.

Or how about Cameron Guild, Co-Athletic Scholar of the year. She works just as hard at her sport as the elite football player.

And the other thing the politicians who thought this was a brilliant idea as usual thinks the money that goes to mostly elite players will come out of thin air. No, it will come from the athletic department income that could be used to do things to benefit all athletes. Or from donors, that money could be better used to benefit the entire department rather than to enhance their schools recruiting efforts.

 

[SoonerinNC]

I understand the fairness angle but those who benefit are likely to be on full scholarship and have enhanced pro and business prospects. I doubt is there is a good solution to the schools athletic departments making money because of their student's fame.

 

[WichitaSooner]

I'm usually against things that mostly benefit the elite and against things that provide an unlevel playing field.

This thing is the best recruiting thing for the athletic elite schools ever enacted. And will benefit mostly football and basketball players in the mens sports.

The intentions of those who enacted this were honorable, but as usual in their attempts at nobility they did not consider the negative side of things.

If you don't believe me tell me the next time you see a fan wearing a Liz Scott or Savannah Davison jersey. Or if you even see them where athletic jerseys are sold.

Or how about Cameron Guild, Co-Athletic Scholar of the year. She works just as hard at her sport as the elite football player.

And the other thing the politicians who thought this was a brilliant idea as usual thinks the money that goes to mostly elite players will come out of thin air. No, it will come from the athletic department income that could be used to do things to benefit all athletes. Or from donors, that money could be better used to benefit the entire department rather than to enhance their schools recruiting efforts.

Many of the most highly compensated NIL athletes are females, some of whom aren't even great players. Players who have a massive social media following do quite well, so it isn't nearly as simple as saying that the best-known football and men's basketball players will be the only ones cashing in.

 

[SoonerBounce13]

Your job cap your earnings like that? Lol.

my "job" isn't amateur athletics

 

[BoulderSooner]

The pro leagues have caps for young players. And athletes have to commit to play for those teams for a specified length of time. And they can be traded to another team at any point in that first contract and they have no recourse. That's who comparisons should be made to, not Joe Average Fan who's busting his butt to provide for his family.

in many ways, college players--especially the highest rated ones--have more freedom than professional athletes do early in their careers. It's a different sport, but Quinn Ewers got a couple of million (I don't know exactly how much, maybe it was more) and couldn't come even close to cracking the lineup at Ohio State and zoom--he's off to texas for another payday (which, fingers crossed, he will earn the very hard way tomorrow against Bama). If a pro player could do that, fans would howl in protest. But college fans are supposed to just grin and bear it as sea change after sea change washes over the sports they love.

I have no problem with the players making some dough, but to compare a college student who has ALL of his needs taken care of, with an education worth tens of thousands of dollars thrown in for good measure, to an adult who works for a living, who has to put food on the table and a roof over his or her family's heads, is apples and oranges. And yes, I'm aware some college students have kids and maybe a wife, but they are the exception.

the pro leagues have unions and CBA's and cap salary ...

those leagues do not cap endorsements ...

and that is what we are talking about here ..

"fair market value" is by definition what ever someone will pay ..

 

[BoulderSooner]

my "job" isn't amateur athletics

once you have NIL at all .. there can't be a cap .... period ..

 

[SoonerinNC]

An obvious priority to get them established for all Sooner sports. If you can't beat them, join them.

Obviously I am not well informed how the system works.

 

[SoonerBounce13]

"fair market value" is by definition what ever someone will pay ..

but it really isn't. we've gone down this road. The definition isn't that simple. Just because one person will pay it, doesn't make it market value

 

[SoonerBounce13]

once you have NIL at all .. there can't be a cap .... period ..

Right now, you are correct.
But that will change

 

[BoulderSooner]

but it really isn't. we've gone down this road. The definition isn't that simple. Just because one person will pay it, doesn't make it market value

actually it is

 

[SoonerBounce13]

actually it is

OK boss.

What the highest bidder will pay is not the market value. Can it be? Yes. But it isn't in many cases. And all it takes is a google search and 5 minutes of research to see this.

For example, say a group of people are at an auction for a house. Bidding is going on and the home is appraised at $500k. There are 2 people left bidding and it is getting to that appraised value. One of the bidders, tired of the back and forth, puts in a bid of $750k and wins the house. Is the market value for that house $750k? No.

Go google "definition of market value" and you may be surprised what you find

 

[Eielson]

my "job" isn't amateur athletics

Major NCAA sports are no longer amateur.

 

[Soonerb98]

Not trying to be argumentative or get in the middle of anything, but in your scenario if $750k is the price where only 1 bidder is left, then yes, that is the market value for that property at that point in time. This is true by google's definition, too. That doesn't mean the market value will stay the same over time, though, which is the point you were making, as I understood it.

 

[snydrosooner]

Not trying to be argumentative or get in the middle of anything, but in your scenario if $750k is the price where only 1 bidder is left, then yes, that is the market value for that property at that point in time. This is true by google's definition, too. That doesn't mean the market value will stay the same over time, though, which is the point you were making, as I understood it.

That 750k would be value for that house. But appraisers would consider that an outlier and not include in what is considered fair market value calculation. If they did not consider it an outlier, every-time someone overplayed for a house, everyone’s property taxes would go up.

And in all honesty. The tax value for that house would not be 750k. It would be closer to the appraised value.

 

[BoulderSooner]

OK boss.

What the highest bidder will pay is not the market value. Can it be? Yes. But it isn't in many cases. And all it takes is a google search and 5 minutes of research to see this.

For example, say a group of people are at an auction for a house. Bidding is going on and the home is appraised at $500k. There are 2 people left bidding and it is getting to that appraised value. One of the bidders, tired of the back and forth, puts in a bid of $750k and wins the house. Is the market value for that house $750k? No.

Go google "definition of market value" and you may be surprised what you find

house appraisal is not Market value ... see the last 3 years were most housing sales have been over appraised value in the hot areas ..

 

[BoulderSooner]

Go google "definition of market value" and you may be surprised what you find

in an open market your job value or endorsement value or NBA contract value is whatever you can earn ..... see ebay ....

 

[BoulderSooner]

OK boss.

What the highest bidder will pay is not the market value. Can it be? Yes. But it isn't in many cases. And all it takes is a google search and 5 minutes of research to see this.

For example, say a group of people are at an auction for a house. Bidding is going on and the home is appraised at $500k. There are 2 people left bidding and it is getting to that appraised value. One of the bidders, tired of the back and forth, puts in a bid of $750k and wins the house. Is the market value for that house $750k? No.

Go google "definition of market value" and you may be surprised what you find

you are arguing that the guy should not be able to sell his house for that 750k

 

[snydrosooner]

in an open market your job value or endorsement value or NBA contract value is whatever you can earn ..... see ebay ....

Value to one group or person does not make fair market value.

Ok. so let’s say Indians pacers are willing to throw a 30 mill contract at buddy cause he fits their system. No other team is offering over 20 mill. So Indiana is overpaying compared to the rest of the market for buddy. In my training, then 30 is an outlier and the fair market value is less. Indiana has a vested interest that makes it no longer a arms length transaction.

It’s hard to say what is fair market value for nil due to parties offering the deals are invested in the schools to do well. That takes the arms length transaction out of the process. Investitopia definition includes condition parties involved are acting in own best interest. Not all of these nil deals are in best interest of company or individual offering them.

 

[snydrosooner]

you are arguing that the guy should not be able to sell his house for that 750k

As a property appraiser, Fair market value, Market value, and value are all different definitions. Obviously they can sell property for as high as someone will pay that would be value or possibly market value. Fair market value takes more into play and in the described situation I would say 750k would not be fair market value. That is for property discussion. Nil and endorsements value shares some components but very different.

 

[BoulderSooner]

Not all of these nil deals are in best interest of company or individual offering them.

legally you can not cap endorsement pay period ...

if the NCAA tried to do that they would get crushed .....

as they did when they capped Ast coach pay and lost in court ...