With the NIL in place, how much $ do you think comes in?
I really like this set up, although the take percentage seems a bit high for the company setting this up, but I'm really happy for the players. I saw yesterday it was trying for $50k a month, so how much do you think is possible? I'm guessing the $50k will be easily met.
August 23rd, 2022 at 8:56 PM ^
“Getting hit with 42% income tax”
If only you didn’t invest all that money in education you wouldn’t have that top tax bracket income problem. Is that what you are kicking yourself for?
August 23rd, 2022 at 8:33 PM ^
I'm only paid in MGoPoints
August 23rd, 2022 at 8:36 PM ^
Consider it tithing for the Church of Yost.
August 23rd, 2022 at 8:57 PM ^
“College football is religion”
-John U. Bacon, many times.
August 23rd, 2022 at 9:30 PM ^
Stole it from Ufer
August 24th, 2022 at 4:08 AM ^
Tithing from the church of mgoblog.
August 23rd, 2022 at 6:25 PM ^
One million billion trillion quadrillion Zimbabwean dollars!!!
August 23rd, 2022 at 8:10 PM ^
This is what I was waiting to see! Well done!
August 23rd, 2022 at 6:57 PM ^
There should be an open competition at football practice every week. Those who make the first team that week earn $4200, Everyone else gets $2700.
August 23rd, 2022 at 8:59 PM ^
There should be an open competition at MGoBlog. Highest NIL donor gets to join the podcast each week.
August 23rd, 2022 at 11:38 PM ^
Better yet, practice should be televised for donors. We should get something in the return, no?
August 23rd, 2022 at 6:58 PM ^
The only correct answer is “all of it.”
August 23rd, 2022 at 7:30 PM ^
Less than many would expect. They'll likely hit the $50K in time but whenever a UM fan talks about "The Money Cannon" they're referring to other people's money. The expect some wealthy donor to drop bags, not have themselves and a bunch of regular people giving $5 a month.
I'm just as guilty. I chipped in but will admit that as I did it I thought "why isn't some mega-donor crushing this already". Maybe they want to but have been asked not to? Maybe this is the easiest common ground for the school and players to agree upon regarding direct NIL? "Make it the same as GoFundMe and we're cool" kinda thing? I'd guess so.
August 24th, 2022 at 9:24 AM ^
"whenever a UM fan talks about "The Money Cannon" they're referring to other people's money"
This is so true. I wish we had 10,000 donors of $5 a month on day one with a goal of 100,000 donors. That annual cost is less than the cheapest single game ticket I believe.
There are about 100,000 fans that attend games each week and the cost of a couple of waters at the game is more than the minimum to get into Ann Arbor NIL. I used to donate modestly to the Athletic Department, now I try to look for ways to give to players. And I don't want any more stuff - cards, jerseys, etc - I want the money to go to the players. I just wish the NIL tax that this group takes was a smaller percentage.
August 23rd, 2022 at 7:40 PM ^
I bet at least $17 comes in
August 23rd, 2022 at 7:49 PM ^
FWIW $18K/monthly commitments have been raised thus far.
August 23rd, 2022 at 8:12 PM ^
Pretty damn good for the first 12 hours!
August 23rd, 2022 at 8:32 PM ^
The take percentage really doesn’t seem high when you factor in everything that they’re doing from compliance to web development. It’s a built in, ready to go asset.
August 23rd, 2022 at 8:36 PM ^
I’m signed up. Took less than a minute for me to see Wolverine Devotee once I was entered in the chat. Hope to see more of you people there too.
August 23rd, 2022 at 9:01 PM ^
I’m sorry but this whole thing is just weird. Monthly payments? Lol. I’m all for students getting paid but I figured it would come from, I don’t know, the BILLION dollar tv deal!
August 23rd, 2022 at 9:26 PM ^
Well if you think about it....your eyeballs are funding the networks getting that paper from the advertisers. Then the networks are plowing that BILLION dollars into the B1G to disburse to its member athletic departments, some of which might even benefit the players. So, in a way, it all starts from us already.
August 24th, 2022 at 3:23 AM ^
I worry about those who incomes may fluctuate a bit month to month and they don't want to set a dollar amount for every month per year. I wonder if there will be an option to contribute a specific amount per month or if you do not have the funds, then skip a month, or if you have extra cash you may chip in a couple hundred dollars for one month.
August 24th, 2022 at 7:08 AM ^
Status at one day into the endeavor:
August 24th, 2022 at 7:20 AM ^
The money is shared equally among all players that participate in this NIL club. That includes walk-ons, who aren't getting a scholarship. I believe there are over 110 players on the team (maybe more with the COVID measures in place) and only 85 on scholarships. So that's 25 or 30 kids who are contributing to the team who can now get some pin money for their efforts.
If you read some of the background on the club's creation, what is most on players' minds regarding this money is helping to enable family and friends to come watch them play.
August 24th, 2022 at 9:05 AM ^
Considering the size and mania of our fanbase, I'm a little surprised at the low goal. I think they should get to $250k per month or more.
August 24th, 2022 at 9:35 AM ^
Just did my part!
August 24th, 2022 at 11:48 AM ^
I'm in. Would love to see this populated with a huge number of donors instead of just mega-wealthy types.
August 24th, 2022 at 12:21 PM ^
Anyone else unable to login this morning? I hope my money didn't go to Nigeria...
August 24th, 2022 at 2:58 PM ^
Logged in no problem.
BTW: up to almost 1,000 contributors and $23,500/month to players.
Feels like the U-M community should be able to 10x that in the next 30 days.
August 24th, 2022 at 4:33 PM ^
I'm in.
Come on -- everyone can do at least $5/month.
August 24th, 2022 at 6:13 PM ^
https://annarbornilclub.com?share=
There it is. Go there. Commit. Share it with your friends.
BTW - past $25k now with 974 contributors.
They are missing some marketing opportunities--like a $42.27 monthly contribution should get something special, like a t-shirt or a plastic version of the "We Beat OSU" momento.