Utah NIL group gifts Ram 1500 trucks to all 85 scholarship football players
In the college sports world, the leasing arrangement is one of the most unique in the 27 months of the NIL era.
Utah football is RAM tough
- Thread starter 4cy16
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This is a bad precedent to set. Now some other richer school is going to give everyone Ferraris and steal all the good players. Go NIL!
Cool but the headlines are a little deceiving - it's basically a free rental for their time at Utah.
What’s the over/ under on amount of those trucks getting totaled? Many of those players never drove something that big.
How does a free lease for a truck work for taxes? I'd imagine when I was in school if someone offered me that, I'd have had to turn it down because I couldn't afford the taxes on it.
That's still a hell of a value depending on how you look at the lease term. If you look at it in terms of a 4 year lease (covering 4 years in school) on a $60k vehicle you'd be what, like $750\month? Plus the cost of insurance, which for a bunch of men in their late teen early 20s isn't a small number, generally.
But then this bit:
"The total value of the NIL deal with the Dodge Rams is a bit misleading. While the fleet’s total price is steep — more than $6 million — Ken Garff Automotive can sell the trucks to the general public after one year as part of a leasing agreement through United Fleet Management, Matt Garff said."
Might make it substantially more valuable, if theyre allowing players to be on 1-year leases and constantly giving them new trucks, as that first year is the most expensive part of the lease with all the immediate depreciation.
Appropriate for a "Truck Stop" conference member...right Utes?
Utah NIL group gifts Ram 1500 trucks to all 85 scholarship football players
In the college sports world, the leasing arrangement is one of the most unique in the 27 months of the NIL era.sports.yahoo.com
I’ve always wondered why you don’t have local businesses signing multi year appearance contracts to keep guys in town. Have an NIL where you show up for a weekly radio interview or something where the contact requires them to be there. Front load the contract with the stipulation that it must be paid back if is broken. No requirements to be on the team or play, just have to show up every week.
Ken Garff group owns a few dealerships in the DSM area, Dewey's, Stew's, Southtown. So essentially central Iowans are helping to pay for it. Maybe Blum should try to get some sponsorship out of them so they don't get too much negative press around here.