Article in The Athletic about a quarterback whose NIL deal was pulled
https://theathletic.com/414918...6/jaden-rashada-nil/
Article basically says that the use of collective money was an inducement to recruiting, which violated NCAA rules, the contract itself said the contract could be voided if it broke NCAA rules. Everyone presumably knew and winked at this. Some quotes:
"The contract, which was obtained by The Athletic, would have paid him a staggering $13.85 million over four years, starting with a $500,000 payment on Dec. 5, in return for minimal NIL services such as posting on social media and autographing items."
"Rashada did not receive the [first] payment, and two days after it was due, the Gator Collective terminated the agreement in a letter sent to Rashada. No reason was given for the termination, according to three people who read the letter. The contract includes the following: “Collective may, in its sole and absolute discretion, terminate this Agreement…” and then lists several reasons the collective could immediately terminate the contract:
- If the contract is found to violate Florida law.
- If the contract is found to violate school rules or rules the school must follow (such as NCAA rules)."