Jay Bilas has some interesting thoughts/predictions:
ESPN’s Jay Bilas predicts NIL settlement will end transfers: ‘Players aren’t going to go anywhere’
To start, colleges will be able to spend up to $20.5 million on players, with the amount likely rising each year as revenues increase. It’s a cap: The schools aren’t forced to spend that amount, and players still can earn “fair-market” additional money from endorsements and other endeavors.
But with the new arrangements will come contracts — with buyout clauses that probably will lock them down,
said Bilas, a former Duke basketball player.
“The biggest I think thing for me in this is now schools can sign players to contracts,” he said. “So when you sign a player to a multi-year contract with this $20.5 million amount annually, that going to keep going up because revenues keep going up in those arm lengths negotiations. You can also put buyouts in those contracts. And when you put a buyout in, these players aren’t going to go anywhere.”
Bilas said other revenue streams for players will be policed.
“Any contract for your name, image and likeness in the marketplace is going to be subject to review by [accounting and auditing firm] Deloitte for fair-market value,” he said.
“If there’s a local car dealership in Ann Arbor that wants to pay the third-string quarterback $4 million a year to do commercials for a dealership that grosses only a million dollars per year, Deloitte’s likely to say that’s not a fair-market value deal.”
