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It's just a rumor, but it seems to have some legs. Jaden Rashada just signed with Miami. He's a quarterback who would be a welcome addition just about anywhere.
The rumor is that Miami offered an NIL package worth $9.5 million and that other schools were even offering more money.
To put that in perspective, that would be the four-year complete compensation for an end-of-first-round NFL draft pick. Or about equivalent to the signing bonus that the 13th overall pick just took home.
And nothing apparently prevents him from turning around next year and doing the same thing with his free transfer.
This transition period to acknowledging that major college basketball and football players are, indeed, professional athletes who should be compensated is getting very interesting.
Michigan recently gave athletes permission to use Michigan trademarks, I'd guess with some restriction (no porn sites, maybe?).
But is all this sustainable? It's seemingly a lot like the perceived value of the NFT market, with superfans able to participate by purchasing players for their favorite teams. At some point, you have to worry about organized crime and fixing games. The NCAA simply doesn't have any hope of getting any measure of control of this.
There has to be some sort of CBA at some point. But then how are players allocated to teams?
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