Shared this on the main board, but thought I'd put it here as well. Maybe I'm way off base here, and some of you collectives are taking large percentages for admin fees, but one of our football players shared this
NIL Club site that I had to share.
It kind of reminded me of Patreon if you're familiar with that. You subscribe and, based on dollar levels, you get access to varying levels of exclusive content from whoever, in this case college players. Probably how OF works too?
Either way, I dug into the terms, and the site is taking a
15% cut BEFORE payment processing fees. Again, I could be completely off here because our primary collective doesn't collect anything (even though they probably would be justified taking 1-2% to run the thing), but 15%+payment processing is borderline criminal.
Just wanted to raise the flag, as almost every FBS team (and a few FCS) teams are represented on it.
Here are the monthly numbers so far for a few schools:
NDSU: $2.380
Tulane: $1,805
Grambling: $1,690
Colorado State: $1,625
Buffalo: $1,505
North Texas: $1,470
Purdue: $1,400
Liberty: $1,350
Virginia: $1.330
Washington: $1,270
ULaLa: $1,265
LSU: $1,045
Wake Forest: $1,057
UConn: $1,025
UTSA: $1,015
SDSU: $1,015
UNCC: $995
App: $970
UAB: $915
Temple: $605
FAU: $560
Memphis: $340
Texas: $590
ECU: $330
UNC: $415
Southern Miss: $310
I stopped after this many, but seems like every FBS team is on there.