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College Basketball News, Rumor and Humor
- Thread starter Buffnik
- Start date
In my experience, internal candidates always have a significant advantage in the regular world.
No doubt.
What I don't see in the real world are people in leadership roles exiting their jobs with intentionally short notice, or using other mechanisms, to give that role to a specific internal candidate.
No. More common to groom a successor over a period of time before retiring. That seems to be how it worked with Coach K & Duke.
Plus he can make good money for very little work as a studio commentator for ESPN et al.
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GRM
I'm a ****ty troll
@Buffnik good point. Sorry for responding to this late to this discussion, I have been waiting to find an article on this particular issue (I thought it would drop in football). I don't follow this thread, just came here given the Bennett news. I have been waiting for a general NIL type related business ("NIL Agency") to pop up targeting/representing a collection of athletes alone, rather than a NIL organization promoting a school. These entities will work for the athlete(s), so their jobs are: (1) front some initial $$ to sign; (2) promise the athlete they will find the best NIL deal possible at a TBD school via shopping the athlete; and (3) then presumably follow them into the pros, if possible as their marketing/financial management arm. Each step they take a huge chunk of the pie, whether it be fees, fronted money, fronted expenses, financial management deals or whatever....
I just hate this. This appears to be perhaps the most seedy and dangerous area confronting college athletics. It sort of has the feel of professional boxing in many aspects, that destroyed the sport leaving tons of championship boxers broke not just after their career, but throughout their career. Sort of Don King having a stable of football recruits and athletes to "take care of them for the rest of their life." This is a particular area that the states and feds must step up ASAP. Much like legislation protecting our senior citizens deeming them a special class, these young athletes need a similar sort of status for these types of arrangements. The bargaining field is so inequitable--rich sharks/cons v. kids/parents, many of which come from limited means. Plus, you have the issue where these athletes may be signed as minors (parents consenting), and eventually they are on the hook to get out of it once 18/19--whether it is suing their parents or the seedy company.
IMO, these guys are de facto Sports Agents without any license, regulation, or standards whatsoever. Worse yet they are targeting high-school or even junior high-school athletes; all minors. This is extra scary if XYZ NIL Agency goes out of business/BK and the athlete is left up a creek. Being an atty, I'm not sure what legal theory the challenge would be based or if it is truly illegal yet (a couple states probably have something). Federal truth in lending might work, if these contracts are deemed de facto loans by DOJ, then whatever the agency enacts regulations around them. Many of these companies would have an interstate nexus, unless their clientele and financial backing is derived only in the one state they operate. If there is a federal law on the books that can tangentially apply, they might be there anyways. One other area that may provide a federal nexus is given the agreements are college related, if federal monies are involved via a scholarship, grant or other assistance program (could be minority tutoring), federal funds are part of the equation. We need to keep our eye on this.
On the Bennett resignation, I'm shocked at him retiring so close to the season starting, however it seems like it came from his conscience and self-evaluation. I don't follow UVA or CBB outside of the Buffs/Tourney, so I was shocked at Bennett's success over many years (364-136). I think this trend of quality coaches getting out will continue. With the huge changes in the college landscape, their jobs have evolved into areas that they never signed up for. Some guys want to coach. If NIL Agencies come into vogue, I could not imagine being a HC with outside pressure to play their athlete (whether they are ready, deserving or not) or the NIL Agency will just portal and send the athlete back out to the highest bidder.
Virginia coach Tony Bennett chokes back tears explaining decision to retire: 'It was time'
'I realized I'm no longer the best coach to lead this program in this current environment,' Bennett said at a press conference
www.cbssports.com
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@Buffnik good point. Sorry for responding to this late to this discussion, I have been waiting to find an article on this particular issue (I thought it would drop in football). I don't follow this thread, just came here given the Bennett news. I have been waiting for a general NIL type related business ("NIL Agency") to pop up targeting/representing a collection of athletes alone, rather than a NIL organization promoting a school. These entities will work for the athlete(s), so their jobs are: (1) front some initial $$ to sign; (2) promise the athlete they will find the best NIL deal possible at a TBD school via shopping the athlete; and (3) then presumably follow them into the pros, if possible as their marketing/financial management arm. Each step they take a huge chunk of the pie, whether it be fees, fronted money, fronted expenses, financial management deals or whatever....
I just hate this. This appears to be perhaps the most seedy and dangerous area confronting college athletics. It sort of has the feel of professional boxing in many aspects, that destroyed the sport leaving tons of championship boxers broke not just after their career, but throughout their career. Sort of Don King having a stable of football recruits and athletes to "take care of them for the rest of their life." This is a particular area that the states and feds must step up ASAP. Much like legislation protecting our senior citizens deeming them a special class, these young athletes need a similar sort of status for these types of arrangements. The bargaining field is so inequitable--rich sharks/cons v. kids/parents, many of which come from limited means. Plus, you have the issue where these athletes may be signed as minors (parents consenting), and eventually they are on the hook to get out of it once 18/19--whether it is suing their parents or the seedy company.
IMO, these guys are de facto Sports Agents without any license, regulation, or standards whatsoever. Worse yet they are targeting high-school or even junior high-school athletes; all minors. This is extra scary if XYZ NIL Agency goes out of business/BK and the athlete is left up a creek. Being an atty, I'm not sure what legal theory the challenge would be based or if it is truly illegal yet (a couple states probably have something). Federal truth in lending might work, if these contracts are deemed de facto loans by DOJ, then whatever the agency enacts regulations around them. Many of these companies would have an interstate nexus, unless their clientele and financial backing is derived only in the one state they operate. If there is a federal law on the books that can tangentially apply, they might be there anyways. One other area that may provide a federal nexus is given the agreements are college related, if federal monies are involved via a scholarship, grant or other assistance program (could be minority tutoring), federal funds are part of the equation. We need to keep our eye on this.
On the Bennett resignation, I'm shocked at him retiring so close to the season starting, however it seems like it came from his conscience and self-evaluation. I don't follow UVA or CBB outside of the Buffs/Tourney, so I was shocked at Bennett's success over many years (364-136). I think this trend of quality coaches getting out will continue. With the huge changes in the college landscape, their jobs have evolved into areas that they never signed up for. Some guys want to coach. If NIL Agencies come into vogue, I could not imagine being a HC with outside pressure to play their athlete (whether they are ready, deserving or not) or the NIL Agency will just portal and send the athlete back out to the highest bidder.
Virginia coach Tony Bennett chokes back tears explaining decision to retire: 'It was time'
'I realized I'm no longer the best coach to lead this program in this current environment,' Bennett said at a press conference
Hate the NIL Gamble strategy
Hate seeing good coaches retire
Hate the non salary cap college basketball situation
Also convinced that Tad is way beyond Tony Bennett's mindset in that he does not and cannot play a real NIL game, is not interested in likely recruiting the best of the best
What is Tad thinking, and what is the "real" condition of the MBB team moving forward?
GRM
I'm a ****ty troll
I like you bringing it back to Tad. B12 as presently constituted is definitely a better hoops conference than Pac12. The NIL/portal has definitely changed things and HC's have probably have to play that game much more than X's&O's, team building/chemistry, NCAA tourney probability, or chances to make it to the NBA. Tad popped with the NBA draft this season, and CU lost a ton of players. Also, before new dominant NIL/portal era, Tad was pretty hit&miss with his recruiting. I hope the football energy and exposure helps with CBB recruiting/transfers. I think it will be a crap-shoot to see how the new players constitute the upcoming team and compete in the new B12.
it's not immediately obvious to me why the Jazz would value success of BYU hoops in millions of dollars.
I thought that was a direct violation of NBA rules. The owner of the Suns, iirc, had to stop his Michigan State support after he became an owner.
I thought the same but a quick google search didn't come up with anything and in fact Ishbia's brother donated $10 mil to MSU 5 weeks ago. So if it isn't allowed, Smith could have one of his family members who isn't listed on the ownership chart make the donation(s) on his behalf it appears.
Buffsbball
Well-Known Member
The ole loophole
It's surprising. Usually we don't have any loopholes for the rich in this country.
It has nothing to do with the Jazz and everything to do with the Mormon church. This is basically church funded NIL.
That's kind of what my mind went to. They are supposed to tithe 10%. What's to stop them tithing more or making a special donation to their church while saying to their priestholder that they want the money to go towards the BYU AD or NIL fund?
Allegedly, Baylor was able to build its programs by having Baptist church donations go towards assistance of player families. Notre Dame has been alleged to have been doing that forever. Much harder to police this stuff when it's a religious school rather than a public institution.
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U know what's worse, we got our ass whipped by them.
What ru confused about?
Luke
Well-Known Member
Yes, bad news re: company to take advantage of college hoops players. But 2 articles: 1) need hoops players union & 2) current organization to take care of players:
The NCAA Antitrust Lawsuits Will Not Pay Off for College Athletes Without a Permanent Players Association - ProMarket
Jake Goidell argues that the ongoing NCAA lawsuit settlements will not create a lasting solution unless athletes form a players association that is involved in determining industry-wide decisions.
www.promarket.org
Athletes - Athletes.org
www.athletes.org
Luke
Well-Known Member
Tad recently commented that he’ll wait to see effects of “pay for play” & roster sizes.
I understand that: 1) conferences have to approve “revenue sharing”- which Big 12 seems to be ahead of curve to approve.
2) Schools have to approve revenue sharing, including deciding if the cut any sports or move them to inter-mural status. As have to pay all sports, including women’s teams.
https://www.buffzone.com/2024/10/08...st-round-of-ncaa-upheaval-means-for-cu-buffs/
3) Tad has commented that CU’s NIL collective is open to handing off duties to school itself, & he supports this. Maybe $120 K / year for men’s basketball-per below.