We've heard these figures can be inflated for various reasons...but fwiw...that's the ballpark range for a top tier big man I guess.

Was told by multiple coaches that the asking price for Ballo was $1.2 million. https://t.co/l2IWIIotiT

— Jeff Goodman (@GoodmanHoops) April 16, 2024

I bet these former basketball players are so mad, the ones before NIL.

Ballo is a good player. He sure as **** ain't worth 1.2 mill.

gobears20 said:

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I bet these former basketball players are so mad, the ones before NIL.

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I'm going to be interested to see what happens the first time one of those guys sues for back pay.

IowaBear said:

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Ballo is a good player. He sure as **** ain't worth 1.2 mill.

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If the IRS ever examines the 5013c status of the U of I NIL collective, I don't see how that kind of money for name, image, likeness could be considered a valid business expense. That said, if they start questioning tax exempt status the whole NIL game gets blown up.

I would expect some big names to hit the portal soon.

Some guys are waiting for their final NIL checks before they hit the portal.

— Jeff Goodman (@GoodmanHoops) April 16, 2024

This was the asking price to other coaching staffs for Oumar Ballo.

I do not believe that Ballo received this much from Indiana. https://t.co/nVZHe4lGcA

— Jeff Goodman (@GoodmanHoops) April 16, 2024

TWD 1974 said:

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IowaBear said:

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Ballo is a good player. He sure as **** ain't worth 1.2 mill.

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If the IRS ever examines the 5013c status of the U of I NIL collective, I don't see how that kind of money for name, image, likeness could be considered a valid business expense. That said, if they start questioning tax exempt status the whole NIL game gets blown up.

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I don't see how the IRS could ever claim it isn't a valid business expense. If this was out of the norm for NIL money in comparable businesses, I could see the claim, but $1.2 million in NIL is a drop in the bucket compared to what athletes and other celebrities make.

boognish_bear said:

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This was the asking price to other coaching staffs for Oumar Ballo.

I do not believe that Ballo received this much from Indiana. https://t.co/nVZHe4lGcA

— Jeff Goodman (@GoodmanHoops) April 16, 2024

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I do. IU throws around NIL like it's candy. Because they can …

What does that number mean? One-year salary? Lump sum? Paid out over X years? Cash and/or equity?

I feel like we have these numbers flung at us constantly with no context.

parch said:

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What does that number mean? One-year salary? Lump sum? Paid out over X years? Cash and/or equity?

I feel like we have these numbers flung at us constantly with no context.

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All good questions
Paid by whom, exactly? What entity? It isn't the school

I'm a CPA I have discussed this as well and media never mentions this. There is actually no business purpose for a charity to pay out fees like this. Are these rich donors getting charitable donations from this? IRS will be like they did with ERC credit may take years before they wake up and look at it. And with the schools saying they are not actually paying but you know the schools are obviously telling the donors hey we want this guy Oklahoma is offering 1 million can you beat it.

Nobody knows except the players and people making the payouts. Numbers fly around the web with twitter folks claiming a source close to X player or Y school said Z number. Plenty of reason after a player settles on a school for someone trying to get him more money to release a number to try and see if a school would actually pony up such a hefty sum.

Roach's crystal ball goes to Baylor on 247 and the next trending tweet on the matter is we are offering him around $1.5million.

Always curious how the payouts are made like a recurring paycheck ACHd every 2 weeks? Conditional? If they get hurt or transfer what happens to money paid in full or remaining?

Fre3dombear said:

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Always curious how the payouts are made like a recurring paycheck ACHd every 2 weeks? Conditional? If they get hurt or transfer what happens to money paid in full or remaining?

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I don't know if there is any consistency anywhere. The two I know about from cooperatives involved small payments upfront but the large balance wouldn't be paid until the end of the academic year. Neither of these happened at Baylor though.