Listened to an interesting topic on the radio this afternoon. The topic was, is the PGA & LIV Golf the tip of the upcoming iceberg? Is college football & the NIL the next phase for Saudi Oil.
The proposition was would conferences & schools in need of NIL money accept a contract to promote their football teams in exchange for premium oil companies advertising & any contract ramifications included by the Saudi elite?
As stated these oil magnates have working funds in access of $750 billion. Not millions, but billions.
Let's take a smaller D1 football conference with 10 teams with practically zero NIL funds or collectives. Next step would be to set a $50 million NIL contract with said conference & their commissioner. Does commissioner get a signing commission? Of course, besides it's for the good of the conference.
Next we divide the $50 mill to 10 schools which gives a $5 million NIL pkg per each school for football. Tremendous money for the schools & conference. Chump change to the Saudi oil magnates.
As a school you have the right to morally say no thank you. However those funds would be divided to the schools who did sign. What do you do? Of course you have to sign.
After just a couple years the P5 starts realizing they don't like losing a lot of their 3 & 4 star players to the Sunbelt, CUSA, & the MAC. Now the Saudi's reel in the big boys too.
It was an interesting topic.
So question is, how close will this be to reality as the possible next phase of NIL & college athletics. And if so how soon from now could we see the 1st remnants of this beginning & what would be all it's ramifications?
The proposition was would conferences & schools in need of NIL money accept a contract to promote their football teams in exchange for premium oil companies advertising & any contract ramifications included by the Saudi elite?
As stated these oil magnates have working funds in access of $750 billion. Not millions, but billions.
Let's take a smaller D1 football conference with 10 teams with practically zero NIL funds or collectives. Next step would be to set a $50 million NIL contract with said conference & their commissioner. Does commissioner get a signing commission? Of course, besides it's for the good of the conference.
Next we divide the $50 mill to 10 schools which gives a $5 million NIL pkg per each school for football. Tremendous money for the schools & conference. Chump change to the Saudi oil magnates.
As a school you have the right to morally say no thank you. However those funds would be divided to the schools who did sign. What do you do? Of course you have to sign.
After just a couple years the P5 starts realizing they don't like losing a lot of their 3 & 4 star players to the Sunbelt, CUSA, & the MAC. Now the Saudi's reel in the big boys too.
It was an interesting topic.
So question is, how close will this be to reality as the possible next phase of NIL & college athletics. And if so how soon from now could we see the 1st remnants of this beginning & what would be all it's ramifications?
