QB Jaden Rashada signs 9.5 million NIL deal to sign with the Miami Hurricanes
Its being reported the 4-star prospect and No. 7 quarterback in the class of 2023, per 247Sports' composite rankings, agreed to a $9.5 million name, image and likeness deal with Miami booster John Ruiz and also turned down an $11 million offer from Florida's Gator Collective.
That's not even the shocking part to me. Apparently he has a NIL attorney negotiating his deals, before he even signs with a school. "Jaden left millions on the table," Michael W. Caspino, who is known as an NIL lawyer, said. "Millions. He did not pick the highest offer. He went there because he loves Miami, the coaches and the opportunity."
Caspino also said Florida's NIL collective needs some work in this new era of college football."Florida is the most dysfunctional collective in all of college football," he said. "I plan on steering my clients away from them. From my standpoint, I never ever want to deal with them again. If it weren't for the collective that's completely dysfunctional at Florida, he probably would have been there."
Of course Florida is denying the whole thing
https://twitter.com/GatorCollective/status/1541238884654321664?t=eo295VSG_394_mLIwuMLLA&s=19
How long before the NIL bubble bursts?
https://news.yahoo.com/report-miami-commit-may-accepted-035613921.html
Apparently the Miami booster is denying the deal also
It's often said that "official denial" serves as confirmation, albeit with some inconsequential details not yet in evidence.
It's often said that "official denial" serves as confirmation
Oh, I see. . . by the way, have you stopped beating your wife?
Look, I get where you're coming from, but this is just as often used by baseless accusers through indirect channels to deliberately poison people's minds before setting up the fall guy. It turns innocence itself into a loss of credibility.
I really don't care about Florida either way, but we'll decide for ourselves if the details are inconsequential.
You apparently don't know who John Ruiz is. Can almost guarantee every high level AD in the country does. You can tell when he's lying when his lips are moving.
I'm glad you can ascertain that from a tweet.
No sir, not from a tweet. Anyone who follows this shady fucker grifting the NIL system knows this Mega-Booster is a POS. He's gets off on pulling the NCAA's chain just itching to file a lawsuit against them. You haven't heard the last of John Ruiz my friend.
https://www.sportsbusinessjournal.com/Journal/Issues/2022/06/06/Portfolio/NIL-side.aspx
*Cough* Bullshit
"Completely inaccurate report! It was a mere $9.3 million"
Sooooo, he's lying but "I respect him." Is this an attorney thing?
Well, I see 9.5 million reasons to FIRE WARDE! /s
OP, you're curiously placing a lot of trust in one person (Caspino). I'm with you on the NIL bubble idea, though.
Yeah, these numbers, if true, are crazy. I have been a supporter of NIL rights for college athletes and even figured the contract numbers would get out of control for recruits - but this is spiraling to absurd levels where high school players are making more than NFL day 2 draft picks.
The bubble has to burst. Collectives won’t be able to raise enough money to “buy” enough players every year, only 4 teams can make the playoffs and the teams not succeeding will see their NIL collectives start to decline.
When I say “enough”, signing a big time QB won’t help much if you don’t have quality players around them on the OL, WRs and RBs. Not too mention then you need a defense. Plus, you are one hit away from losing your million dollar starter (and some of these kids will bust) and it seems as though it will be next to impossible to keep two star QBs in this world for more than their freshman year.
Michigan needs to do a lot more with NIL but they shouldn’t be trying to compete in these insane bidding wars.
Oh, the bubble will burst, but don't bet on it. The market can stay irrational far longer than you can stay solvent.
I am not shorting the NIL market - not yet anyway
I am. Rich people didn't get rich throwing good money after bad. A few years of seeing their "investment" not pay off and they will lose interest.
And besides that, can you imagine a 19 year old offensive lineman making (comparatively) meagre NIL bucks feeling great about protecting an arrogant QB getting $9.whatever million? There will be A LOT of shaking out to do before this "new reality" resembles anything stable.
Exactly--see Mat Ishbia. $9M on.......Mel Tucker??? Irrational spending and sports go hand in hand.
The question, from Day One, was how much money would be involved? There just can't be any fairness in the frame when it works like this. Ideas of parity. .. pfft.
The Michigan braintrust, which starts at the very top, can be forgiven for not jumping headlong. Impatient fans calling for people's heads and insisting that Michigan race to keep up are no more than that--impatient fans. They can't be expected to have the whole picture in view, or care about it. They don't.
Lie down with dogs, get up with fleas.
What is UM allowed to do that they aren't doing?
Helping facilitate NIL deals to entice players to come here.
He speaks out of both sides of his mouth. Kid left millions on the table out of love for Miami, its coaches and the opportunity, but definitely would have signed with FL if not for their POS collective. “Love” in today’s CFB.
Good point. And I thought Josh Gattis was worth signing under market for.
I'm not trusting anyone bud, I'm just relaying what I read.
He truly believes Florida is "the most dysfunctional collective in all of college football"? He must not represent any high school players whom Michigan is going after.
This sport has become horribly sad. There is a better chance he will not make this money with an NFL team than there is he would, so I do not blame him for taking the money. However; programs continue to cheat with NIL and laughing at the NCAA's regulations of NIL deals.
If boosters are giving this much money to a player or two, they won't have much more options to give a lot of money for others. One to two players do not make up a championship team.
Dysfunction vs no function?
So in one post you rip Michigan for their NIL efforts, but then rip the school who reportedly gave the kid the money because one or 2 kids won't win a championship?
Huh? What is difficult for you to understand about it?
Michigan-Not allowing enough to be done.
Other schools-Allowing too much to be done.
Too much is too much, too little is too little.
This way you will always have something to bitch about
Not trying to be argumentative... but I read your post and immediately I wonder, who is the arbiter of things like "too much" and "too little"? They are, by their very nature, murky and ambiguous.
At bare minimum, "too much is too much" and "too little is too little" has all the emphasis of a definitive statement, but has none of the attributes.
Ecclesiastes 7 - Do not be overly righteous. Do not trust too much in wisdom. Why ruin yourself? Do not be overly wicked, either, and do not be a fool. Why die before your time? It is good that you hang on to one alternative, but do not let go of the other, for one who fears God will avoid both extremes.
"Everyone's toil is for the mouth, yet the appetite is never satisfied."
Ecclesiastes 6:7
Quoting biblical verse is not my thing typically. But does this not sum it all up?
If you sit on the fence, you'll never be wrong, but you also won't have an opinion, your just talking
Maybe, like the drinks at Applebee's, this money is bottomless.
Wow, I've commented before that I thought the NIL fiasco could last through signing day 2024. However, it may blow up before THIS signing day.
It really is untenable to create a monetary free agency system in college athletics. And, since deals like this are still in violation, AND neither the school nor the booster wants these financials public (drives up price in other negotiations), then vociferous denials will be forthcoming.
I still can't believe that many folks on here want MICHIGAN to be entangled in this NIL web.
Yes you can. First thing that people fail to realize is this. Since this is directly tied to Scholarship and sports. One thing that's for sure is this. Eventually not only the corrupt NCAA going to get back into this, the Universities will soon have to prove the validity of,"some" of their student athletes. Thus the stay at home student athletes that don't want to play school will eventually get tossed. Oh well, enjoy the mess,"Warde Haters!"
The NCAA is responsible for all of this. They fought player compensation so hard that legislatures came in and opened pandora's box. Had they developed a fair payment structure when it was clear that the money was pouring in, and the kids were getting screwed this could have (and should have) been avoided. Sure you would always have the same bag men, but nothing to the extreme we are seeing now.
"The NCAA is responsible for all of this."
NCAA = Mark Emmert
As long as the money legally (actual laws, not NCAA's BS rules) get to the kids, then I'm all for it. The way it used to be is what makes me cringe.
Agree. But the bad part is that all the horrible Jim Delaney's of the world, are still getting enormous cuts off the loins of these kids. What the kids are getting is either extra money added to the system from the outside or the same money that used to be in the system hidden in bags of cash. But none of this is a redistribution of wealth from the superfluous, overfed assholes who run the show, to the kids who are the show. This is why my hero is still Christian McCaffery for starting the trend of refusing to play in crap bowls just to pay the suits. I even respect Nick Bosa for refusing to come back from injury and just focusing on healing for the NFL draft.
Whatever PSU, Notre Dame, and MSU can do to get recruits we better do better. We arent OSU/SEC and I dont expect us to be. PSU, Notre Dame, and MSU will never look back, no matter what happens, and regret out recruiting us.
"Son this isn't a transactional relationship its transforma.... wait where are you going? Come back! But we have the best helmets in college football!!"
**slowly pulls emergency list of lower tier 3* prospects from New England out of the back pocket**
Oh Well, now you can blame Warde for steering our best Quarterback to a lowly deal with, "Deep pockets Uncle Phil!" Warde sucks. He couldn't even steer our recruit, to the highest bidders. Fire him, right now!!!
Unless the Nike jobs for his family are high compensation. Moore went the package route.
So I thought the deal was that you couldn't get NIL in order to go to a school but that you could get NIL once you were there. Total ignoramus setup if true, but seems like this would violate that.
I'm for players getting paid something beyond the $300k value of an out-of-state Michigan education, but this is getting a little ridiculous. With players like Houstan and Diabate leaving after a year where they really didn't have a meaningful impact I'd be bummed if they got NIL money. They're getting paid in the pros. Hunter Dickenson, no problem paying him as he's a college superstar. Same goes for football. Players who are awesome are going to get paid in the NFL anyway. Would Dylan McCaffery and Joe Milton have been worth $18M?! How much was Hassan Haskins worth this last year? There should be a rule that you have to be at a school for at least a year before you can earn NIL. Otherwise the whole thing is just a gross NBA-ish thing where you're paying everyone based on perceived potential.
I'd suggest that any rules need to be consistent with the Supreme Court decision that gave NIL life. Rules that you or I think might mitigate some of the insanity, if they violate the spirit of the opinion, are non-starters that would be overturned in a suit,
I'd suggest that a rule stating you have to be in school for at least a year to get NIL money would not survive a court challenge.
If I was the head of a vaunted institution like Michigan, I'd be totally comfortable looking to Brett Kavanaugh for guidance. /s
I get the media is telling you not to like the Supreme Court right now, and I get why. That said, the Supreme Court is about the only federal institution that I do trust.
Good luck with that.
LOL JFC
WHAT????
Why?