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Subject: Re: Things are Rosy in NIL World! Author: Drew2411 [ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 07:17:20 07/25/25 Fri In reply to: An Observer 's message, "Re: Things are Rosy in NIL World!" on 18:01:28 07/23/25 Wed Does it tear apart law firms and investment banks? Medical practices? What about pro teams? Seems odd that it would work everywhere but college sports [ Next Thread | Previous Thread | Next Message | Previous Message ]

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[> [> [> Subject: Re: Things are Rosy in NIL World! Author: sparman [ Edit | View ] Date Posted: 06:45:21 07/27/25 Sun Actually I have seen it tear apart law firms and medical practices. Imvestment banks other than JPM and Goldman come and go. Remember Bear Stearns? Lehman Brothers? But we call this a welcome culling of the herd. Notwithstanding their self-image, bankers don't usually have the unique skills of talented athletes and can be effectively replaced by a younger version. [ Post a Reply to This Message ]

[> [> [> [> Subject: At a minimum, it creates resentment Author: Go Green [ Edit | View ] Date Posted: 12:57:21 07/27/25 Sun Countless lawyers have left their firms because they felt that they were not being fairly compensated. In some cases, the firms ended up dissolving when things turned south. Could they have survived if those departed lawyers had stuck around? We will never know... [ Post a Reply to This Message ]

[> [> [> Subject: Re: Things are Rosy in NIL World! Author: Drew2411 [ Edit | View ] Date Posted: 10:56:20 07/27/25 Sun So it will be no different than the real world so not sure why it is unique or big deal. And yes there are bankers who have unique relationship and industry skills that command high pay (like 10-20mm a year) and are not replaceable by youth. Plenty of names out there if in the industry. Usually dominate an industry sector like software, HC, building products etc [ Post a Reply to This Message ]

[> [> [> [> Subject: Re: Things are Rosy in NIL World! Author: sparman [ Edit | View ] Date Posted: 12:08:10 07/27/25 Sun i am being partly facetious as I expect you knew. But having dealt with some of these types, not completely. And not unusual for someone to feel they can do better setting up their own shop. [ Post a Reply to This Message ]

[> [> [> [> [> Subject: Lehman Brothers in College Park Author: An Observer [ Edit | View ] Date Posted: 15:21:09 07/27/25 Sun Lehman Brothers is an especially apt metaphor for a dysfunctional locker room. While the firm's ultimate demise was caused by funding almost their entire balance sheet with short-term commercial paper, the company's history and reputation for internal in-fighting was legendary. When the trading side of Lehman had a good year, they demanded the lion's share of the total bonus pool. When the investment banking side of the house had a banner season, they wanted to be paid back for all the lean winters. The two sides of the house hated each other. When Lehman faced its ultimate crisis, the dysfunctional internal culture could not respond to the demands of the moment. What will happen to a football team when one side of the ball carries the team for a few games? I'm not saying that the Maryland Terrapins will go bankrupt and trigger a global financial crisis. I am saying that one of the reasons we love team sports is that we remember how great it felt to be part of a unified roster, where team goals came before individual wants. That aspect of team sports will be damaged by NIL deals and the transfer portal. [ Post a Reply to This Message ]