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110%er [6364]
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Why don’t we tap into endowment for NIL?
Dec 13, 2022, 8:01 AM
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I guarantee that’s how Texas A&M pulled their class last year and it’s how Texas could afford the Manning kid this year. I’m really surprised schools like Harvard and Yale aren’t doing this yet. It could be a real game changer.
I’m not advocating blowing the whole billion this year, but I think using a sizable chuck to sign eight or nine five stars would have a pretty solid ROI over the next three years. 6% of the current payout is described as “unrestricted.” Let’s pump that number up a bit and give it a go. Next step, celebrate the natty’s!
It’s funny how the simplest solutions to big problems are so obvious but often overlooked.
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Orange Blooded [3615]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 8:05 AM
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They have a bunch of wealthy alumni who will just throw down. I also don't think it is within the rules to use the endowment. As far as Clemson, if we could use the endowment, I doubt we would go that route to start paying our players.
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110%er [6364]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 8:21 AM
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I could see some dweebs sitting in their ivory tower being against it, but what are they going to say when 99.99999% of the fans are celebrating back-to-back natty’s and concession revenue is up 12%. Who’s the smart one now?!?
That whole “unrestricted” category of annual payout seems ambiguous enough to work with. If someone gets mad, tell them to put restrictions on the payout. They won’t have the balls to do it while we are ranked #1 in the country and season ticket sales are at an all time high.
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Heisman Winner [108390]
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Seed money? That would be high on a lot of peoples list...
Dec 13, 2022, 8:27 AM
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Orange Blooded [3615]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 8:27 AM
[ in reply to Re: Why don’t we tap into endowment for NIL? ] |
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Wouldn't the univerosty's endowment be basically the school paying the players? I was under the impression the school can't pay the players.
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110%er [6364]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 8:32 AM
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They would just need to write the check to TigerImpact. It’s all legal that way.
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All-American [573]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 10:23 AM
[ in reply to Re: Why don’t we tap into endowment for NIL? ] |
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That could be circumvented w/o a lot of effort and currently there's no specific enforcement body or regulation officials/agents in the field-
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Orange Blooded [4029]
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110%er [6176]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 8:07 AM
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110%er [6364]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 9:57 AM
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Not sure what this has to do with NIL, but I like it nonetheless.
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CU Guru [1150]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 8:18 AM
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You would lose more from the anti sports crowd discontinuing their endowment giving. Clemson is after all and educational university first
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Letterman [297]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 9:21 AM
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I would agree, its a school first and sports program second. I'm not sure recognizing that makes one anti-sports though.
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Heisman Winner [108390]
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That 6 percent is likely counted on in reserve to cover...
Dec 13, 2022, 8:24 AM
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Dabo's very healthy buy-out, and if CDS continues to Shyatt the bed, Clemson will need it.
The numbers ~match up, there are no coincidences as God does not play dice with the Universe. Or so some believe...
One Team, One Dream, One Clemson - Go Tiger Football.
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110%er [6364]
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Re: That 6 percent is likely counted on in reserve to cover...
Dec 13, 2022, 8:28 AM
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You’re proving my point. With 8 or 9 five stars running around out there, we would never need to fire CDS. Use that money on NIL. We’d be winning Natty’s and counting concession revenue. I made almost twice as much money selling drinks to my friends at my game watching parties in the seasons we won championships compared to this year.
It’ll all work out in the end. Someone just needs to pony up the courage and pull the trigger.
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Heisman Winner [108390]
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From what I understand Dabo can't coach, has lost his...
Dec 13, 2022, 8:35 AM
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way in this brave new world of College American Gridiron because he's arrogant, prideful, stubborn, hard-headed, knows better than you, but without real coordinator experience, meddles too much in play calling, does not believe in his culture so he's honoring false prophets and in the end is just an all around bad guy that lied to you and yours.
His time is short, no matter of ill-gotten five stars can save Dabo now as he's fallen prey to his old, cheerleading ways.
He's lost, better to kick dirt on him now, move on and find someone more dynamic, owning a better sense of purpose and in tune with the ever changing, current landscape.
If you ain't first, you're last.
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Hall of Famer [24834]
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Your snarcasm has been noticeably absent... Refreshing.***
Dec 13, 2022, 11:08 AM
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Orange Blooded [3615]
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Re: That 6 percent is likely counted on in reserve to cover...
Dec 13, 2022, 8:37 AM
[ in reply to Re: That 6 percent is likely counted on in reserve to cover... ] |
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If it was that simple where we were allowed to do that, there would universities that would easily outbid us for players. Notre Dame has over an 18 billion dollar endowment. Texas A&M and Michigan ae around 17 billion. Clemson has 1 billion and that endowment ranks 141st. I don't think we want to get in an arms race. It would be like the Yankees vs the Baltimore Orioles in the free agent market. That's not good for us.
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Mascot [21]
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Re: That 6 percent is likely counted on in reserve to cover...
Dec 13, 2022, 8:52 AM
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Universities are not allowed to pay the players directly in any way. Using endowment funds would be illegal.
We have to understand—- we think Iptay and the athletic department are rich, but Clemson is outside the top 25 athletic department revenue. Yes, Texas A&M is #1 and most of the SEC teams are in the top 25. They collect more money from television.
These schools are larger and have more alumni and richer alumni.
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Orange Blooded [3615]
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Re: That 6 percent is likely counted on in reserve to cover...
Dec 13, 2022, 8:54 AM
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Exactly
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110%er [6364]
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Re: That 6 percent is likely counted on in reserve to cover...
Dec 13, 2022, 9:01 AM
[ in reply to Re: That 6 percent is likely counted on in reserve to cover... ] |
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I really wonder how some of y’all get anything done. There are easy ways to make illegal things legal. In this instance, just have the endowment pay some LLC $50 mil in “consulting fees” have that LLC pay another couple LLC’s for stuff like catering and cleaning fees and have those LLC’s write the checks to TigerImpact.
My biggest concern isn’t getting it done, but getting it done quick enough to get eight or nine five stars this cycle. We’re going to have to go big to make up for lost ground.
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Orange Blooded [3615]
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Re: That 6 percent is likely counted on in reserve to cover...
Dec 13, 2022, 10:05 AM
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So if it's just pay them whatever the market dictates, it will be interesting to see who the first 100 million dollar player there will be in college sports. I have a feeling it's not that simple.
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All-American [573]
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Hall of Famer [24834]
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110%er [6364]
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Re: You already have your eye on one of SFB's Bahama houses?***
Dec 13, 2022, 11:26 AM
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That would be cool, but I’d never live somewhere where people don’t speak English. Heck, I won’t even go on vacation to places that speak other languages. I don’t understand how people do that.
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All-American [573]
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Historically it's a wise investment...
Dec 13, 2022, 10:15 AM
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but that kind of data would be ignored and the optics would be the focal point and cue the whiners with their hands out-
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Oculus Spirit [93775]
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You'd tap anything.
Dec 13, 2022, 10:39 AM
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Don't act like it ain't so, neither.
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110%er [6364]
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Re: You'd tap anything.
Dec 13, 2022, 12:52 PM
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That’s a topic for another day.
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All-In [31316]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 11:38 AM
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Like to see one for baseball.
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Letterman [290]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 2:48 PM
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Reading a lot of talk about how to spend other people's money on football players.
That's not how it works. This is:
https://give.tigerimpact.org/web/
TigerImpact. Go donate. This is where NIL is coming from. It's no different adding a new phone bill. $50/mo.
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110%er [6364]
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Re: Why don’t we tap into endowment for NIL?
Dec 13, 2022, 7:51 PM
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That’s exactly my point. The endowment money is already there. If we use it, we don’t have to spend our own money and can spend that on concessions and dates. Everyone comes out a winner.
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50
