Student Body Right USC NIL collective shuts down after death of founder $Alchemy_Keywords HEAD TOPICS
Student Body Right USC NIL collective shuts down after death of founder
10/21/2022 6:20:00 AM Student Body Right USC NIL collective shuts down after death of founder
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Source Los Angeles Times
Student Body Right USC NIL collective shuts down after death of founder Independent NIL collective Student Body Right and its plan to pay every USC football player $50,000 a year is shut down after the death of founder Dale Rech. USC and its in-house, NIL operation,BLVD, had made clear on many occasions that it viewed Student Body Right and its plan to pay every Trojans football player “the equivalent of a base salary” as an existential threat. Earlier that week, Rech had taken another call from his hospital bed — this time, with , USC’s athletic director, who remained resolute in his belief about the potentially damaging presence of a donor-run collective.AdvertisementThe open opposition from USC made matters difficult, Hadden admitted. Fundraising proved more of an uphill battle than anticipated. Several potential donors, Hadden said, expressed concerns to him about repercussions from the school if they supported Student Body Right. Read more:
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TUFF Fund, a NIL initiative for Temple student-athletes, announces deal with over a dozen athletes from five different programsThe fund looks to use charitable initiatives meant to create NIL opportunities for Temple’s student-athletes, largely through community-based partnerships. Outdoor Clothing Company Closes SF Store Amid Recent CrimeA popular outdoor clothing and equipment brand is temporarily shutting down its store in San Francisco. But there’s no crime problem in SF right? in August against the university’s wishes.Android and pick your alerts.Published 48 minutes ago The TUFF Fund, a 501c(3) non-profit organization that sources name, image and likeness opportunities for student-athletes at Temple anounced its first round of student-athlete signees on Thursday morning, and the list included every eligible Temple men’s basketball player.Published Oct 20, 2022 The TUFF Fund, a 501(c)(3) nonprofit organization that sources name, image, and likeness opportunities for student-athletes at Temple, announced its first round of student-athlete signees Thursday morning, and the list included every eligible Temple men’s basketball player. Namely, Hadden worried it was falling apart. USC and its in-house, NIL operation, BLVD , had made clear on many occasions that it viewed Student Body Right and its plan to pay every Trojans football player “the equivalent of a base salary” as an existential threat. Now, the younger James has followed in his father's footsteps and joined forces with the popular headphone brand. Earlier that week, Rech had taken another call from his hospital bed — this time, with , USC’s athletic director, who remained resolute in his belief about the potentially damaging presence of a donor-run collective. With the intent of signing athletes from each of Temple’s varsity teams, the fund’s donors have a heavy focus on men’s basketball. Advertisement The open opposition from USC made matters difficult, Hadden admitted. To promote the Beats deal, the father-and-son duo starred in a commercial that featured the two participating in a “King of the Court” style moment in their backyard. Fundraising proved more of an uphill battle than anticipated.” Emmanuel Okpomo and Kur Jongkuch were ineligible for TUFF Fund deals because of their visa statuses. Several potential donors, Hadden said, expressed concerns to him about repercussions from the school if they supported Student Body Right. The Chosen One vs. We’re excited to continue to grow and elevate the TUFF Fund, and about the prospects of adding more donors to the fund. USC football vs. its own donors and fans? A fight develops for control of endorsements USC athletic department leaders have opposed the creation of ‘Student Body Right,’ an NIL group created by deep-pocketed donors and diehard fans. 👑👑 Shop Beats Fit Pro at. Then, there was the matter of Rech’s health. Published. His kidneys were failing.” The NIL collective was founded by three Temple alumni in late August and looks to use charitable initiatives to create NIL opportunities for Temple’s student-athletes, largely through community-based partnerships. He had a blood clot in his calf. Doctors were discussing inserting stents in his heart. Hearing him over the phone that day, Hadden worried: His friend didn’t sound good. Rech was the one who’d willed Student Body Right into existence. He’d fought for weeks from his hospital bed to keep the collective alive, even offering at one point to front the first year himself.” Temple linebacker Layton Jordan, who currently is fourth in the American Athletic Conference in sacks, also was signed to the fund. But now his own health was failing. Hadden asked if he was physically capable of carrying it any further. “I don’t think I am,” Rech admitted. Less than two months after it launched, they decided together to shut down Student Body Right. It was the last conversation the two longtime friends would have. Rech died a few days later on Sept. 26. “I think he knew, deep down, that he was getting ready to go,” Hadden told The Times. “This kept him going. He thrived on it. ” Until his health began to fail last month, Rech hadn’t offered much indication he was planning to shutter the new collective. Over several conversations in August and early September, Rech shared with The Times plans for expanding Student Body Right, using defunct Trojans alumni clubs as a fundraising network. With an eye on that future, the collective had applied for — and was granted — status as a 501c3 charitable organization. It also signed a partnership with the NIL marketplace Opendorse, which was expected to handle compliance and other logistical questions for the collective. Other deals were in the works. USC coach Lincoln Riley knows how to go from October loss to College Football Playoff USC lost unexpectedly to Utah last week, but coach Lincoln Riley was in similar situations at Oklahoma and earned a College Football Playoff spot. But obstacles were apparent even before Rech spent the last month of his life in the hospital. In his last phone call with The Times, Rech wondered aloud if those efforts were worth the trouble. Rech told The Times before his death that, since August, he had conversations with Bohn as well as Mike Jones — the CEO of Stay Doubted, the outside media agency that partnered with USC to create BLVD — about working in concert with the university’s in-house operation. But administrators remained steadfast in their opposition. Bohn and Jones expressed concern to The Times after its launch in August that any collective outside of the oversight of the university would invite NCAA scrutiny. Rech, in response, insisted Student Body Right had no intention of getting involved in recruiting, where NCAA rules governing NIL regularly blurred. “This is a standalone collective, with no affiliation or ties to the university,” Rech said in August. “The NCAA cannot go back at the university as long as we’re in compliance and stay within what the guidelines of the NCAA and state require. There’s no blowback from us on the university. They just want control.” .