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Subject: Re: Xaivian Lee Will Make "More Than $6 Million" at Florida


Author:
Ghost
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Date Posted: 14:01:54 05/31/25 Sat
In reply to: An Observer 's message, "Xaivian Lee Will Make "More Than $6 Million" at Florida" on 12:37:00 05/31/25 Sat

Schools do not have to use their endowment $. If you're going to play at that level, you create new positions within the athletics department or with your rights holder that specifically raise new NIL money. Your development office may not be happy but in most cases, these 'givers' wouldn't have supported athletics anyway so most of it is new money. Can't blame the kids for cashing in, it's a unique business opportunity for undergrads.

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[> [> Subject: Re: Xaivian Lee Will Make "More Than $6 Million" at Florida


Author:
observer
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Date Posted: 17:57:47 05/31/25 Sat

Agree that NIL isn't endowment monies. But you are correct that the development office won't be happy if alums are hit up for NIL cooperatives. Then again the 30-40 sports programs, some of which are vanity projects, doesn't help matters either.

The endowment comment was more about how the schools are now so financially dependent on federal grants and overseas tuition remittances that they have locked up their endowments in illiquid assets to be at risk when the gravy train slows down.

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