
The $10 million club: College basketball's portal recruiting hits unthinkable levels of financial chaos
The price of talent is spiking to record amounts -- again -- now with hundreds of millions at stake in college hoops' unregulated economy

There’s nothing “semi” about it anymore …at least at the high D1 level. It’s just plain pro sports.College basketball is a semi pro league.
Semi Pro means you are not ready for the upper league such as the NBA but you're still getting paid.There’s nothing “semi” about it anymore …at least at the high D1 level. It’s just plain pro sports.
No it does not. If that we’re true, then there would be only one professional league in the world.Semi Pro means you are not ready for the upper league such as the NBA.
They are full time students or at least pretend to be.No it does not. If that we’re true, then there would be only one professional league in the world.
A semi-pro league, by definition, is one where the players needs a separate job to provide their primary income with the the league being just a part-time side venture providing only a supplemental amount.
Suffice to say, none of our players will be requiring a separate day job.
Yeah, it's not sustainable. It can't continue like this. Right now, it's at the mercy of fans and wealthy donors to fund a new roster every single year in football and basketball. Their return? Your favorite team wins?Utterly insane how much the price tags have spiraled in just a couple years.
It’s has to eventually reach a point where this game is no longer economically sustainable, right?
University | Endowment (approx.) |
---|---|
University of Texas System | $44 billion+ |
University of Michigan | $17.9 billion |
University of California System | $16.5 billion |
University of Virginia | $13.6 billion |
Texas A&M University System | $13.5 billion |
Yep, there has to be some sort of checks and balances to all this. This "Wild Wild West" type of demands just aren't sustainable.Utterly insane how much the price tags have spiraled in just a couple years.
It’s has to eventually reach a point where this game is no longer economically sustainable, right?
And keep in mind, before the NIL stuff really exploded, there were only like 25 athletic departments that turned a profit from athletics. That number has either dropped or will drop drastically with new rosters every single year.It will have to eventually get settle some. There is no way that Kentucky can direct $10 million from donors to basketball NIL, another $10 million from donors for football, another $22 million of their annual revenue to revenue sharing and an additional $5 million to the increased scholarship limits and keep their head above water.
In FY24, UK's projected revenue from the K Fund was $32 million. A majority of that $20 million combined NIL is coming from people that usually give that money to the K Fund but are giving to NIL instead, or giving less to K fund than they normally would. Add all of that together and and you're all of a sudden in the hole by $40 to $50 million as an athletic department.
The financial ramifications on big time athletic programs is going to be massive.
I know few that would pay 250I love college sports but I can't help think unless a school subsidizes ticket prices, people will have to pay through the nose to get into a game.
I know very few people who will pay $1000 for a regular season basketball or football game.
What organization will be doing the monitoring and investigating?It will lower after the new revenue sharing gets signed and implemented. After that goes into effect, there will be detailed monitoring and investigating every contract that is signed to A. make sure Boosters are not working side deals, and B. the players value is not inflated to where he gets paid more than his perceived value. The over paying and shady booster deals will go away.
I forgot the name, some clearinghouse company, i will try to find it.What organization will be doing the monitoring and investigating?
And keep in mind, before the NIL stuff really exploded, there were only like 25 athletic departments that turned a profit from athletics. That number has either dropped or will drop drastically with new rosters every single year.
We are going to have to stop pretending these two sports are producing legit college students. They're not. The overwhelming majority are not doing work themselves that would pass on merit. Make them school employees and get contracts. That's the only way I can see this working.
This year all season ticket holders at AR BB is being reseated according to your donation level.I love college sports but I can't help think unless a school subsidizes ticket prices, people will have to pay through the nose to get into a game.
I know very few people who will pay $1000 for a regular season basketball or football game.
As a family man, I would gladly tell them to GFT if I was a season ticket holder.This year all season ticket holders at AR BB is being reseated according to your donation level.
This is only to raise more money. I think it's going to backfire on them.
About the same reaction on our boards.As a family man, I would gladly tell them to GFT if I was a season ticket holder.
So a nba player taking college classes is a semi pro nba player? Yeah, no.They are full time students or at least pretend to be.
Well in some cases it is our money from contributions to the nil fund but I agree with your points.I don't understand why so many people are infatuated and focused on and worried about the money and what we and other teams are paying players. I get that it's a very important part of college basketball now, but it's the comments like Player X isn't worth $X million, or we should play so - and - so $X million, that I don't understand. It's not your money or your decision.
It's also pure speculation since you don't even really know the amounts.
I think that’s wishful thinking. College basketball has been shady for a long long time and there will always be ways to subvert the system. Do you honestly believe Kansas will ever be above board?It will lower after the new revenue sharing gets signed and implemented. After that goes into effect, there will be detailed monitoring and investigating every contract that is signed to A. make sure Boosters are not working side deals, and B. the players value is not inflated to where he gets paid more than his perceived value. The over paying and shady booster deals will go away.
NBA players have transitioned to the league and have no other full-time job. That is their job. Yeah, yes.So a nba player taking college classes is a semi pro nba player? Yeah, no.
I moved on. I just like reading posts. You are a good poster. Thanks broUtterly insane how much the price tags have spiraled in just a couple years.
It’s has to eventually reach a point where this game is no longer economically sustainable, right?
Your semi-pro argument is just wrong. Sorry.NBA players have transitioned to the league and have no other full-time job. That is their job. Yeah, yes.
Sorry, your inability to understand that being a full time student is a requirement to play college basketball and get paid is kind of sad. NBA players have no such requirement.Your semi-pro argument is just wrong. Sorry.
Utterly insane how much the price tags have spiraled in just a couple years.
It’s has to eventually reach a point where this game is no longer economically sustainable, right?
Still wrongSorry, your inability to understand that being a full time student is a requirement to play college basketball and get paid is kind of sad. NBA players have no such requirement.
Would love to see a big donor sit down for an interview and explain his reasoning for giving millions to NIL.These donors got rich by making wise moves and investments, so it completely perplexes me how people are convincing these high net worth people to throw money away and get nothing in return.