CBS SPORTS
Sorry for another thread on NIL, but I was curious what types of protections universities might be putting in their NIL deals with students. Turns out they are trying everything, including automatic extensions.
I wonder if MSU's contracts will somehow be shielded from disclosure under the Public Records act?
Anyway, the above article mostly targets FSU's attempt, although theirs may not be the most strict:
Since this is new and uncharted territory, they're trying to put in as many things as they can think of and protect that university and see what they get push back on and what they don't," Mit Winter, an attorney who works heavily in the NIL space told CBS Sports.
Put another way by an NIL agent: "They're throwing everything they can and the kitchen sink."
That sink?
It's appearing quite often in Tallahassee, according to multiple agent sources who have at least one player on the Florida State roster.
The Seminoles have included what those agents describe as aggressive language in their rev share contracts, which cover a broad range of issues and are issued directly by the school.
One clause, which CBS Sports has seen a copy of, allows the team to extend a player at the end of their contract unilaterally without having to negotiate with the player. Another section on team rules -- common in most NIL or rev share deals -- includes a maximum $2,500 fine on the first offense if a player loses team equipment such as a pair of cleats. The max fine for using a controlled substance for the first time is $1,000.
There's another clause about things that would constitute a breach of contract. Among them is "illness or injury which is serious enough to affect the value of rights granted to the school." The way it's written allows Florida State to renegotiate or even cancel a player's contract at its discretion after any sort of injury -- among other potential liquidated damages provisions included as part of the contract -- including those that happen on the football field.
There's also a provision that, depending on how it's interpreted, could limit an athlete's right to counsel during any future negotiations.
"Some of the concepts are pretty standard," an agent who represents at least one Florida State player said; they were granted anonymity to allow them to speak freely. "But FSU is going about this far more aggressively than any school I've seen. I'm disappointed by the adversarial nature of these contracts."
It's not just agents who take exception with the way FSU is attempting to write its rev share contracts. CBS Sports contacted at least one general manager from every Power Four conference to understand if some of Florida State's provisions are considered normal.
Said one Big Ten general manager of the three stipulations above: "That's not normal."
Said a GM from the Big 12: "I do understand they have all the leverage, but f***."
Sorry for another thread on NIL, but I was curious what types of protections universities might be putting in their NIL deals with students. Turns out they are trying everything, including automatic extensions.
I wonder if MSU's contracts will somehow be shielded from disclosure under the Public Records act?
Anyway, the above article mostly targets FSU's attempt, although theirs may not be the most strict:
Since this is new and uncharted territory, they're trying to put in as many things as they can think of and protect that university and see what they get push back on and what they don't," Mit Winter, an attorney who works heavily in the NIL space told CBS Sports.
Put another way by an NIL agent: "They're throwing everything they can and the kitchen sink."
That sink?
It's appearing quite often in Tallahassee, according to multiple agent sources who have at least one player on the Florida State roster.
The Seminoles have included what those agents describe as aggressive language in their rev share contracts, which cover a broad range of issues and are issued directly by the school.
One clause, which CBS Sports has seen a copy of, allows the team to extend a player at the end of their contract unilaterally without having to negotiate with the player. Another section on team rules -- common in most NIL or rev share deals -- includes a maximum $2,500 fine on the first offense if a player loses team equipment such as a pair of cleats. The max fine for using a controlled substance for the first time is $1,000.
There's another clause about things that would constitute a breach of contract. Among them is "illness or injury which is serious enough to affect the value of rights granted to the school." The way it's written allows Florida State to renegotiate or even cancel a player's contract at its discretion after any sort of injury -- among other potential liquidated damages provisions included as part of the contract -- including those that happen on the football field.
There's also a provision that, depending on how it's interpreted, could limit an athlete's right to counsel during any future negotiations.
"Some of the concepts are pretty standard," an agent who represents at least one Florida State player said; they were granted anonymity to allow them to speak freely. "But FSU is going about this far more aggressively than any school I've seen. I'm disappointed by the adversarial nature of these contracts."
It's not just agents who take exception with the way FSU is attempting to write its rev share contracts. CBS Sports contacted at least one general manager from every Power Four conference to understand if some of Florida State's provisions are considered normal.
Said one Big Ten general manager of the three stipulations above: "That's not normal."
Said a GM from the Big 12: "I do understand they have all the leverage, but f***."
