Long Beach State Sports : Re: Hawaii and NIL

There is no way we are going to get a large nil donation. It is going to take a slow process to build the resources which I think the only way is to form an LLC owned by the president of each booster group and the money invested and handles by a fiduciary who reports quarterly to each boosters group. It takes the ath dept out of the loop. Why. Because the would use up every penny immediately. Ergo the sports booster group would own the money and would distribute it when they judge it is needed. It is simple geometric compounding avoiding the spend it or lose it mind set of state employees. If we ran our households the way they do the ath dept we would continually homeless. Just an idea that is legal and rewarding long term.

Previous Message

A poster on the BW board from UH is claiming they spent $1.5 million in NIL money. With this money they were able to recruit what many thought was the most talented teams in the BW. Other rumors have had UCSB with some significant donors that have given them some significant NIL dollars. They also had a team that many thought was the most talented in the BW (with which they are a 7 seed).

I know other schools in the league are raising and spending NIL money. This has raised the profile of the BW. We have been ranked higher than any time since the departure of UNLV the last two seasons. A post on the BW board says we are currently #12 in NET.

While the stronger league has significant benefits, it also has significant costs. Can we raise the money to compete in the BW at this time? Some here have speculated that it would cost $500k to keep Sykes, I suspect that number will be low. Our own press releases seem to indicate that Petar was here on an NIL deal this year. If UH is spending $1.5M, what is the realistic number of funds needed to be raised?