How will paying players continue to work?
View more
Video Transcript
For those who are coming into this thing, and saying, OK, the schools can pay the players now.
How exactly does that work?
You know, now there are three sort of buckets, for athletes, uh, you know, as far as compensation, one is the same as it has always been, right?
It's scholarship and benefits and all that stuff.
And I think the second bucket is the rev share piece directly from the schools, which each school getting as much as, uh, well, 20.5% is sort of the salary cap for, for each school.
They can spend up to that, and the rev share and then the third bucket is the one that has caused so much of an issue, as we know.
And that is the NIL bucket, which still does exist.
Third party endorsement and commercial deals for athletes.
So there's kind of these three buckets that an athlete gets, and a lot of the rev share deals, uh, some of them at least that I've seen from schools, break down the buckets, right?
Um.
They break down how much scholarship um and money that an athlete will get.
They might, they break down how much rev share money an athlete will get.
And then they even mention.
Uh, potentially an NIL figure, uh, with contingencies that that NIL figure, that bucket may have to get approved obviously by the clearinghouse, which is a whole, right, another topic that we can dive into that's been very, uh, certainly at the front of the news over the last few weeks as, you know, college sports is unlike sort of any other.
Entity and that it involves um big donors, school donors, historically, um paying players.
And I think the House settlement in the rev share era, one of the things college administrators wanted to do was stop that or limit that as they have been trying for, it seems like 100 years.
Uh, and we're starting to see in the last few weeks, we're starting to see challenges already against the clearinghouse.
Um, in, uh, in the denial of some of these collective booster collective deals that, that is going to be very difficult to do.
Um, and so that's kind of where we are right now, and I would imagine that we'll have more challenges over booster pay in the clearinghouse denials in the next few weeks, uh, and months.
This will be a continuing thing.
Close
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Amazon (AMZN) Gets Price Target Hike After Strong Quarterly Performance
Inc. (NASDAQ:) is one of the . On August 11, Freedom Broker analyst Egor Tolmachev raised the price target on the stock to $255.00 (from $240.00) while maintaining a Hold rating. The investment bank noted how Amazon has delivered strong financial results for the second quarter, surpassing both market expectations and its own guidance across all segments. Retail efficiency gains were particularly noted. The firm did note that AWS performance was mixed and Q3 profit forecast was cautious. Nevertheless, it revised its financial forecast based on its confidence in the company's ability to mitigate geopolitical risk and monetize continued logistics improvements. 'Q3 guidance came in well above revenue expectations but below profit forecasts, marking a second area of perceived weakness in the release. We view this as prudent management positioning in light of heightened geopolitical uncertainty. We have revised our financial forecasts upward, reflecting confidence in Amazon's ability to mitigate geopolitical risk and monetize continued logistics improvements. Despite the negative share price reaction, we see upside potential and reiterate our Buy rating, raising our target price from $240 to $255.' Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
9 minutes ago
- Yahoo
Shane Steichen on where Colts' QB battle stands going into 2nd preseason game
Following the Indianapolis Colts' joint practice with the Green Bay Packers, head coach Shane Steichen still isn't ready to put a timeline on when a decision at quarterback will be made. "We'll work through that," Steichen said via "We had today, we got a preseason game (Saturday), we have some practices next week and we'll work through that. I don't have an exact timetable on it, but sooner rather than later would be nice." Steichen added that he wants to see how Saturday plays out and see where things go early next week. Perhaps part of the difficulty here is that from the outside looking in, it doesn't look like either quarterback has seized control of the starting job. Anthony Richardson has certainly improved on his short to intermediate throws, an area that was a priority for him during the offseason. His decision-making has gotten better as well. However, as ESPN's Stephen Holder put it in a recent article of his, Richardson has still been "somewhat boom-or-bust" -- able to generate the big plays but still missing some easy throws he has to make. On the flip side, Daniel Jones has been an efficient passer throughout his career but has struggled to create explosive plays down the field. If Steichen truly does view this quarterback competition as close, my guess would be that Richardson gets the nod, but that still remains to be seen. Deciding who will start Week 1 isn't only about completion rate either. As Steichen has said, he's looking for consistency, and that goes across the board. "I think it all matters, it all counts," Steichen said. "Every rep matters. Every walkthrough matters. Every meeting matters. It all matters. So, everything's being evaluated." From the sounds of it, Saturday's preseason game will be a crucial part of this decision-making process. This article originally appeared on Colts Wire: Anthony Richardson or Daniel Jones? Steichen on where QB battle sits
Yahoo
9 minutes ago
- Yahoo
Hedge funds shift bets to double down on Big Tech amid AI boom
By Anirban Sen and Carolina Mandl NEW YORK (Reuters) -Wall Street's largest hedge funds, Bridgewater Associates, Tiger Global Management and Discovery Capital, increased their exposure to Big Tech in the second quarter amid a generational boom in the growth of artificial intelligence. During the June quarter, hedge funds cut their exposure to laggards in industries like aerospace and defense, and consumer and retail, as part of a broader move back to momentum investing. It marks a big shift from earlier this year when bets on Big Tech had soured for top money managers due to tariff-fueled volatility in financial markets, with investor concerns around rising inflation and fears of a bubble in AI triggering a sell-off in "Magnificent Seven" stocks. Since then, tech stocks have staged a big comeback. The S&P 500 is up 10% so far this year, buoyed largely by the largest tech companies, which account for nearly a third of the combined market cap of companies on the index. Outside technology, some hedge funds, such as Lone Pine and Discovery, also bet on UnitedHealth Group. Berkshire Hathaway and Michael Burry's Scion Asset Management also unveiled bets on the insurer, while Soros Fund Management boosted an existing position. Shares in UnitedHealth are down 46% this year, as the company faces rising costs, a U.S. Department of Justice probe, a cyberattack and the shooting of former top executive Brian Thompson last December. The fund's positions were revealed in quarterly securities filings known as 13Fs. While backward-looking, these filings typically reveal what funds owned on the last day of the quarter and are one of the few ways hedge funds and other institutional investors have to declare their positions. Below are the details of the changes in the holdings of the top hedge funds: BRIDGEWATER ASSOCIATES Bridgewater Associates added more shares in Nvidia, Alphabet and Microsoft in the second quarter. The macro hedge fund founded by Ray Dalio more than doubled its bets in Nvidia. It ended June with 7.23 million shares in the chipmaker, or 154.5% more than it had at the end of March. Nvidia was Bridgewater's biggest bet in a single stock, totaling $1.14 billion. Its holdings in Alphabet and Microsoft went up by 84.1% and 111.9%, respectively, amounting to $987 million and $853 million. Other AI-related stocks added were Broadcom (+102.7%), to 317.8 million shares, or $317 million, and Palo Alto Networks (+117%), to 313.8 million, or $314 million. DISCOVERY CAPITAL Discovery Capital, whose founder Rob Citrone has recently been bullish on Mexico's America Movil due to its exposure to Latin America, doubled its stake in the wireless provider during the second quarter. For the quarter ended June 30, the fund amassed another 2.65 million shares, valuing its current holding in America Movil at about $95 million. Citrone's hedge fund, which generated a 52% windfall on its investments last year, has increased its exposure to Latin America as part of a strategy to diversify from U.S. holdings. During the quarter, Discovery increased its holdings in Big Tech, as it more than doubled its stake in Meta Platforms, the parent company of Facebook, while also betting on booming demand for AI as it took a new position in Nvidia-backed cloud provider CoreWeave. The hedge fund also increased its position in UnitedHealth by 13%. TIGER GLOBAL MANAGEMENT Tiger Global Management bought more stocks in some Magnificent Seven companies in the second quarter, including Alphabet, Nvidia, Microsoft and Meta, its 13Fs showed. Chase Coleman's hedge fund added roughly 4 million shares of Amazon and ended June with roughly 10 million shares, worth $2.34 billion. The fund also increased its bets in smaller AI-players. It added over 800,000 shares in chip-making equipment supplier Lam Research Corp, ending June with 5.26 million shares, valued at $512 million. COATUE MANAGEMENT Many changes in Philippe Laffont's Coatue Management portfolio were also around AI-related stocks. It unveiled new positions in both Arm Holdings and Oracle, adding stakes worth roughly $750 million and $843 million, respectively. Both companies have boosted AI-related business initiatives. Coatue also increased its holdings in Nvidia-backed CoreWeave, adding 3.39 million shares in the second quarter, with its stake in the company worth $2.9 billion. LONE PINE Lone Pine Capital took a new position in UnitedHealth Group, buying up 1.69 million shares worth about $528 million during the June quarter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data