There was a front page article in the St. Louis Post-Dispatch today that the Missouri athletics program finished around $15M in debt this year. IIRC, Illinois' DIA has a large debt to pay off. I'm not sure exactly how much but I found one report that had about $458M being paid on bond issued through 2050.
I'm just curious how this might affect payments to players that are supposed to provide some kind of equity between say, Ohio State and Illinois. I am a strong believer that a dollar is a dollar and money is always fungible, especially with a good accountant. How much debt is the university willing to allow DIA to incur to fund these "payments" to players? What happens when Ohio State argues to increase the amounts knowing that it is not possible for any but the top echelon schools to be able to match it?
The NIL may have been an error in the title, unless the school payments are also considered NIL.
I'm just curious how this might affect payments to players that are supposed to provide some kind of equity between say, Ohio State and Illinois. I am a strong believer that a dollar is a dollar and money is always fungible, especially with a good accountant. How much debt is the university willing to allow DIA to incur to fund these "payments" to players? What happens when Ohio State argues to increase the amounts knowing that it is not possible for any but the top echelon schools to be able to match it?
The NIL may have been an error in the title, unless the school payments are also considered NIL.
