Reading about quite a few players who believe they were misled by their agents. Once in the portal, they changed their mind and decided they really didn’t wanna leave their former school, but were told that their position had already been filled.
Reading about the portal this morning
- Thread starter 18IsTheMan
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A lot of these players are being advised by vultures. So called "agents" misleading these kids with adjectives of "greatness", when in reality
they A) Have truly overestimated their "clients" value, and B) Have not done due diligence on what some schools are willing to pay out.
I read as many as 1,000 players have no place to go, and as stated above their former position has been filled.
they A) Have truly overestimated their "clients" value, and B) Have not done due diligence on what some schools are willing to pay out.
I read as many as 1,000 players have no place to go, and as stated above their former position has been filled.
I could see this working itself out over time. We’re seeing portal hyper activity during the first generation of players. Maybe like a free market, over time players will realize their current position holds value.
I take this as good news. Word will spread quickly that the grass isn't always greener.
Maybe there will be some lawsuits against agents and the madness will at least be slowed some. Players will be able to show real financial damage in court if they leave a team where they are being paid based on an agent's advice and end up left out in the cold.
this whole NIL thing is being pushed by the moneygrubbers, and the ''agents/handlers'' are at the top of the food chain
I wonder how quickly word will really spread.
Meaning, I dont think next years kids will remember or care about the ones who got screwed this year. They'll primarily think they're the ones who are sought after, and it'll never happen to them. Jmo
Sadly, I think this may hold true. Short attention spans and pride, ego, and greed may just continue to win out year after year.
Yeah. We heard this last year and the year before. But each year, the number entering the portal only increases.
The legendary investor Jim Rogers once said something 30 years ago that stuck with me to this day and has saved my bacon many times:
"If it sounds too good to be true, it 'ain't' true". These kids ought to listen to Mr. Rogers.
"If it sounds too good to be true, it 'ain't' true". These kids ought to listen to Mr. Rogers.
A lot of these kids come from disadvantaged backgrounds and they and their families are likely preyed upon by predatory agents selling them dreams of riches and greatness if they enter the portal.
A lot of others are just greedy.
As has been said many of a time: Common sense is not common.
Hopefully, kids will see what happens to other kids and then learn. BUT, I do not hold out for any hope on that front. Kids will all say, "Yeah, but, I'm different."
I think word will get around. This whole NIL world is still pretty new. There aren't really that many examples of kids being left in the cold on each team. After each team has a player or two who gets left out when the music stops, word will start to spread in the locker room.
I wonder how much bad advice comes from predatory agents as opposed to greedy family members and friends who convince these kids they are worth more than they are getting. From the time these players are around 11 yrs old, they are told by everyone that they are the greatest player ever and are going to make millions playing football. The people telling these players that never see other players who are ranked the same or higher than their hero. Suddenly, fathers who disappeared when momma got pregnant reappear, uncles become advisors, everyone who knows the kid becomes his "friend" and every girl he knows is throwing herself at him. All because they are lining up to get their piece of the pie when he gets paid.
When I was at Carolina, I thought long and hard about walking on the football team, hoping to get a scholarship. In the end, I decided against it. I focused on my studies (and girls
). I was able to get into graduate school. When I got out, I got offered a job making 50% more than expected. I learned some things on the job that I believe has made me a better investor. I never dreamed that I would have the money I have accumulated. BUT, you know what? I've said this before and I'll say it again and will for the rest of my life: If I could go back and tell my 20-year old self one thing, it would be that "You will not need anywhere near the amount of money you think you will need in order to be happy". Knowing my mother, I know she would slap me from Heaven, if she could, for saying that. But, it's true.