0-2 FSU spent 12 million on NIL

[Guest]

When NIL first became legal I wondered about this scenario.  Will fans continue to contribute if their funds are wasted on bad teams?

https://www.nytimes.com/athletic/5745716/2024/09/04/florida-state-nil-team-budget-2024/

[Bobby Burton]

$12mm ain’t enough. Period. 

[Guest]

7 minutes ago, Bobby Burton said:

$12mm ain’t enough. Period. 

Do you know how much UT spends?  Can you share?

[Shane]

12 minutes ago, 40acres said:

Do you know how much UT spends?  Can you share?

Top programs will spend an estimated 20-25 million. That’s what I have heard several times. 

[HenryJames]

56 minutes ago, 40acres said:

Do you know how much UT spends?  Can you share?

$12,000,001

[Tuco Ramirez]

FSU, Colorado, and Clemson are cautionary tails in the days of NIL. FSU and Colorado show the problems that come with trying to build a program through the portal instead of just filling gaps. Clemson because of Dabo’s stupid refusal to fill any gaps through the portal. 

[HelloThere]

1 hour ago, 40acres said:

Do you know how much UT spends?  Can you share?

I don't think it is $20m yet.  Was closer to $17-18m last year.

[Derek Handler]

Just now, HelloThere said:

I don't think it is $20m yet.  Was closer to $17-18m last year.

A 5 star safety today costs 850K..  Way over 17 million...

[jkates]

 

[Gerry Hamilton]

39 minutes ago, jkates said:

 

My first thought too!

[ArizonaLonghorn]

A lot of the NIL data is coming from Openendorse's Black Book, which supposedly details about 30% of the estimated $1.7 billion NIL market (my source is the Athletic, via NY Times - link below - may need a sub to access it).

Here are some of the tables in the article: they quote average for P4 starters and for position players in the SEC - FSU is paying much more than the average ACC program but roughly 60% of the SEC.

https://www.nytimes.com/interactive/2024/08/31/business/nil-money-ncaa.html

 

 

[A Town]

5 hours ago, Derek Handler said:

A 5 star safety today costs 850K..  Way over 17 million...

Yeah, think a lb commit made a visit after hearing about this  to get a raise.    Loves Texas, just wants to be paid. I get it.  Oregon is costing the rest of the power 2 a lot of nil money.