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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
In reply to: Lurker 's message, "Re: How NIL Will Undoubtedly Harm Our Society" on 15:30:29 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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