I don't know guys, this just feels so gross...

Saw this on the cbb board and shared my thoughts there but wanted to share it here too since y'all are my people.

This feels so gross! I'm old school so I still maintain that a full ride scholarship with room, board, food, Etc is a pretty good benefits package for a kid. But I also understand the world we live in with nil. Schools are profiting on the players so I could also make an argument that they deserve to be paid. But not like this.

This is the kind of predatory practices that someone is going to have to rein in. This is not a company with a player's interest at heart. This is a company exploiting and profiteering on a kid.

Let's say FanStake has $1M and pledges sitting in user accounts for a recruit. That recruit pics your school so your pledge plus $100,000 of everyone else's goes to the player. The remaining $900,000 goes back into your FanStake account, but not back into your bank account. FanStake is protiffing from your money, sitting in their account.

I'm telling you, salary caps are coming. It'll be hard caps like the NFL. Not soft caps where you can go over and pay "fines" like MLB.

Ament is also on record saying that money isn't a concern for him and he just wants to go somewhere that he can improve his game so take that for what it's worth 🤷

Saw this on the cbb board and shared my thoughts there but wanted to share it here too since y'all are my people.

This feels so gross! I'm old school so I still maintain that a full ride scholarship with room, board, food, Etc is a pretty good benefits package for a kid. But I also understand the world we live in with nil. Schools are profiting on the players so I could also make an argument that they deserve to be paid. But not like this.

This is the kind of predatory practices that someone is going to have to rein in. This is not a company with a player's interest at heart. This is a company exploiting and profiteering on a kid.

Let's say FanStake has $1M and pledges sitting in user accounts for a recruit. That recruit pics your school so your pledge plus $100,000 of everyone else's goes to the player. The remaining $900,000 goes back into your FanStake account, but not back into your bank account. FanStake is protiffing from your money, sitting in their account.

I'm telling you, salary caps are coming. It'll be hard caps like the NFL. Not soft caps where you can go over and pay "fines" like MLB.

Ament is also on record saying that money isn't a concern for him and he just wants to go somewhere that he can improve his game so take that for what it's worth 🤷