Startup Waco seeks $300K from city for Baylor name, image, likeness program

1,498 Views | 7 Replies | Last: 1 yr ago by bear2be2
gobears20
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parch
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We are so clueless as an institution on NIL.

Two things from this article.

Quote:

Startup Waco Executive Director Jon Passavant on Tuesday said GXG is rolling right along. He told the Waco City Council Budget & Audit Committee GXG has negotiated 258 deals for 206 athletes. Those deals average $7,000 to $8,000 in value, said Passavant, whose presentation was witnessed by council members Andrea Barefield, Josh Borderud and Jim Holmes, along with Mayor Dillon Meek, City Manager Bradley Ford and other officials.
So, uh, yikes #1.

Quote:

Passavant asked the city to consider allocating $100,000 a year for three years to the cause, the money primarily going for staffing. No city money would go to compensate athletes, only to improve chances of exposure.
And, uh, yikes #2.

Startup Waco means well, but nothing I've seen from their strategy over the last year is aligning with schools who are actually making money moves on this. They not only don't have the funding to matter, but they're approaching the player compensation game backwards.

I get that NIL kind of sucks and everybody is sort of figuring all this out as we go, but the schools who get off the blocks late are putting themselves in a position to play catchup for years. And we are absolutely getting off the blocks late.
JP1037
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Big Cigar donors are the only way this happens. And it's money spent just for ego.

And if I was a Big Digar Donor I wouldn't find satisfaction in buying a win.

I don't know how this shakes out but it doesn't bother me if we lose because we are not buying wins. I do wish player payments would be public knowledge so we know which teams are buying wins.
gobears20
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It's does suck but we have to adapt to it or we will be left way behind
ThomasLancaster
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I cannot provide a definitive opinion on this matter. While looking for your post online, I discovered Small Loan - Money Borrowing app that can help me get a loan quickly and easily, as well as how to get a loan. I need a loan for my business, but my bank would not lend to me.
bear2be2
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JP1037 said:

Big Cigar donors are the only way this happens. And it's money spent just for ego.

And if I was a Big Digar Donor I wouldn't find satisfaction in buying a win.

I don't know how this shakes out but it doesn't bother me if we lose because we are not buying wins. I do wish player payments would be public knowledge so we know which teams are buying wins.
This. All those lamenting our lagging NIL program seem to be missing the obvious. This money has to come from from somewhere -- an external source, specifically -- and most (myself included) think it's a colossal waste of money.

I'm all for college athletes profiting off their work. But that money should be coming out of their universities' record-high athletic revenues, not booster's pockets.

To me, this falls directly in the "it is what it is" file. I'm not going to complain about our inability to raise funds toward a cause I, myself, think is ludicrous. We either find another way or we fail, and I'm ok with that.
TWD 1974
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bear2be2 said:

JP1037 said:

Big Cigar donors are the only way this happens. And it's money spent just for ego.

And if I was a Big Digar Donor I wouldn't find satisfaction in buying a win.

I don't know how this shakes out but it doesn't bother me if we lose because we are not buying wins. I do wish player payments would be public knowledge so we know which teams are buying wins.
This. All those lamenting our lagging NIL program seem to be missing the obvious. This money has to come from from somewhere -- an external source, specifically -- and most (myself included) think it's a colossal waste of money.

I'm all for college athletes profiting off their work. But that money should be coming out of their universities' record-high athletic revenues, not booster's pockets.

To me, this falls directly in the "it is what it is" file. I'm not going to complain about our inability to raise funds toward a cause I, myself, think is ludicrous. We either find another way or we fail, and I'm ok with that.
Payment of athletes by the school, or athletic department, is not allowed by the NCAA. Players seem to be able to get money everywhere else, so long as the University isn't doing it. I agree this is a bad system, and should be modified. Unfortunately, NIL, though it may be modified somewhat, is not going away. Baylor, with the recent investment in a Football Stadium and the ongoing building of a new Basketball venue, has no choice but to try to compete in this NIL space. How many times do you think your top level coaches are going to hear from recruits, "I'd love to play for you, Coach, but there is a $100k difference between playing in Waco and elsewhere", before your beloved Coaches look for better pastures? Failure to be at least competitive in NIL will make us noncompetitive, and highly vulnerable in the next wave of conference and superconference mergers.
bear2be2
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TWD 1974 said:

bear2be2 said:

JP1037 said:

Big Cigar donors are the only way this happens. And it's money spent just for ego.

And if I was a Big Digar Donor I wouldn't find satisfaction in buying a win.

I don't know how this shakes out but it doesn't bother me if we lose because we are not buying wins. I do wish player payments would be public knowledge so we know which teams are buying wins.
This. All those lamenting our lagging NIL program seem to be missing the obvious. This money has to come from from somewhere -- an external source, specifically -- and most (myself included) think it's a colossal waste of money.

I'm all for college athletes profiting off their work. But that money should be coming out of their universities' record-high athletic revenues, not booster's pockets.

To me, this falls directly in the "it is what it is" file. I'm not going to complain about our inability to raise funds toward a cause I, myself, think is ludicrous. We either find another way or we fail, and I'm ok with that.
Payment of athletes by the school, or athletic department, is not allowed by the NCAA. Players seem to be able to get money everywhere else, so long as the University isn't doing it. I agree this is a bad system, and should be modified. Unfortunately, NIL, though it may be modified somewhat, is not going away. Baylor, with the recent investment in a Football Stadium and the ongoing building of a new Basketball venue, has no choice but to try to compete in this NIL space. How many times do you think your top level coaches are going to hear from recruits, "I'd love to play for you, Coach, but there is a $100k difference between playing in Waco and elsewhere", before your beloved Coaches look for better pastures? Failure to be at least competitive in NIL will make us noncompetitive, and highly vulnerable in the next wave of conference and superconference mergers.
All of what you just said can be true (much of it is), and it still won't change my opinion that NIL (as currently applied) is a complete joke. I simply don't care enough about college athletic success to endorse a bull**** pay for play scheme with so many obvious and inherent flaws. If people want to give their money to it, fine. I don't blame anyone for recognizing it as the ridiculously poor investment that it is.

If the universities want to step in and do what's right, which is to overhaul the system in a way that makes athletes employees with collectively bargained contracts, fine. Until then, my investment level in college athletics (Baylor and otherwise) will just continue to wane. If NIL is the only way to compete, I'm fine with not competing. That's not the game I signed up for.
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