Letters of Intent are being replaced by financial aid agreements.
Followed by the NIL?
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Nebraska Educational TV has a weekly ‘Big Red Wrapup’ show where they talk about the latest Husker game and the upcoming one. The one this week following the Rutgers game had a segment where they talked about the changes affecting recruiting, including NIL and what’s coming next–direct player compensation resulting from the ‘House’ settlement.
Nebraska coach Matt Rhule has been pretty candid about player compensation, noting that a top QB at a major school can cost upwards of $2 million now. And he thinks this is impacting parity, because players who are 3 or 4 star recruits might get a much higher offer from a lesser school than from one of the perennial Top 10 schools, because they’ll be at the top of the recruiting list for the lesser school but further down the list at Football U. And that impacts the overall talent level at both levels.
The panel was concerned about making the players employees as it raises all sorts of issues, workers comp being just one of them. Also, it could put public schools at a bit of a disadvantage to the big-time private schools because most public schools salaries are a matter of public record. They seemed to feel that there will be three components to player compensation: the revenue sharing, the cooperatives and direct NIL payments to players for specific endorsements or services.