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Subject: Re: How NIL Will Undoubtedly Harm Our Society


Author:
An Observer
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Date Posted: 15:08:41 01/10/22 Mon
In reply to: Lurker 's message, "Re: How NIL Will Undoubtedly Harm Our Society" on 14:16:22 01/10/22 Mon

L, those unrealistic expectations already exist in our culture, for sure. That's why I know it's already a temptation and an easy way out mentally and psychically for many kids, especially those who are less privileged. How many times to you think a kid with some academic potential has weighed his options and incorrectly concluded that focusing on sports is the better choice?

Now it will get worse because the money will get closer.

Right now, before NIL kicks in, the money is mostly in the professional leagues and the college players who are getting paid under the table are told to keep their mouths shut.

So high school kids know it's a long road. They need to study to clear the minimum academic requirements for college, then stay in school long enough to cash in on their athletic skill, which we know is a long, almost infinitesimally low likelihood outcome. The smarter ones will conclude they need academics as a back-up.

Once NIL fully kicks in, the money will be available in January of their senior year in high school. Now it's not a remote, low probability event. Well, it might be, but the money will be more tangible and thus more tantalizing.

When I was in high school, the star football player who led us to the state basketball championship used to come around with his classmates the following year. They would hang out in the hallways reminiscing about their glory days. Now imagine this same scene playing out except he's driving a Porsche and wearing a Rolex. Now the kid who is still in high school thinks, "I want that. Forget choosing between the two long-run options of an NFL team or a white collar job. I can get paid millions NEXT YEAR."

Recall what you were like at age 16. Do you think that you would have avoided the temptation? This is bad for America, period.

And what of the kids who actually do bank a six- or seven-figure NIL deal in college? Sure, they've won in the short term. But how many do you think will be better off in the long run? It's the classic parable of the lottery winner whose life is made worse by the jackpot, not better.

Again, how would 18-year-old you have done with $2 million in your pocket?

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[> [> [> [> [> [> Subject: Re: How NIL Will Undoubtedly Harm Our Society


Author:
Lurker
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Date Posted: 15:30:29 01/10/22 Mon

Any or all of what you predict may come to pass. But - please dont take this as an attack - isnt this somewhat condescending? One of the only places in our society where the gospel of “get paid what you are worth” does not hold sway is among young economically disadvantaged men

I am not so convinced that among High school athletes there is so little understanding of the short term vs long term issues.

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[> [> [> [> [> [> [> Subject: Re: How NIL Will Undoubtedly Harm Our Society


Author:
An Observer
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Date Posted: 15:49:40 01/10/22 Mon

Lurker, you are absolutely correct that it is somewhat condescending. The optics also look bad in that I am advocating against paying often poor young men during the one brief period in their lives when a (small small -- did I mention "small"?) percentage of them have a chance to earn some real money.

But I would say my pessimism is not based on any low opinion of the ability of the economically disadvantaged. My pessimism is based upon my observation of the human species.

I don't know about you, but I am a middle aged man. Decades ago, I went to college with a bunch of good guys and then we were launched out into the world by alma mater.

Today, some of my friends are worth hundreds of millions of dollars and a couple, I believe, are billionaires. Others of my friends have nothing. Little cash on hand, no retirement savings, selling assets to stay liquid. I look at their futures over the next couple of decades and I fear for them. I've seen it all up close and personal over the span of decades. Much of it does not look pretty.

A lot of the human species simply cannot manage their personal finances. All of us have a quirky relationship with money.

And these guys were not young athletes with no options in life. They were Ivy League graduates with the world at their feet.

So, yes, there is condescension embedded in my pessimism. But that pessimism is the product of watching a lot of people over a lot of years.

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[> [> [> [> [> [> [> [> Subject: A couple?


Author:
Go Green
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Date Posted: 15:52:24 01/10/22 Mon


You got me beat on the "friends who are billionaires" front.

At best, I only have one. :)

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[> [> [> [> [> [> [> [> Subject: Re: How NIL Will Undoubtedly Harm Our Society


Author:
observer
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Date Posted: 16:26:28 01/10/22 Mon

How is this unique to America?

Have you ever seen what South American clubs (Santos, River Plate, etc.) do to get young talent off the streets... and then package them for huge fees to Barcelona... who then run the price up before selling them to Manchester United... who then dump them onto an unsuspecting MLS or J-League team looking to cash in on a name player?

And keep in mind - there is no college in the offing. And yet, Maradona was one of the most admired men in the world, even when he died.

This isn't an America thing. It's a human thing.

And just so we're clear, college ain't what it used to be when we matriculated. Even at Ivy schools.

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