Ryan Day of Ohio State believes the team will require $13 million to remain together.

 

 

 

According to Cleveland.com, Day stated in a speech to the Columbus business community on Thursday that he thinks it will cost $13 million to maintain the current lineup of the Buckeyes.

Day stated that he thinks elite quarterbacks need about $2 million in NIL money, whereas edge rushers and offensive tackles need about $1 million. If Ohio State is unable to reach those benchmarks, he said, it stands a serious chance of losing some of its best prospects to other universities.

 

The purpose of the gathering on Thursday was to introduce the school’s NIL Corporate Ambassador Program, which aims to persuade Columbus residents to employ athletes through the school’s sports department.

The NIL policy was authorized by the NCAA last summer and became operative on July 1, 2021. It permits all collegiate players to profit from endorsements and sponsorships using their name, image, and likeness while maintaining their eligibility because it will no longer be against NCAA regulations for both new and returning student-athletes participating in all sports.

Since then, it is estimated that over 460,000 student-athletes nationwide have found employment with small companies or taken part in one-time marketing efforts with larger corporations.

Earlier, Ohio State revealed that as of January, its football players had made a total of $2.68 million from 173 transactions. This accounted for 89.7% of the total pay that OSU athletes had disclosed.

Former Ohio State quarterback Quinn Ewers, who graduated a year early to enroll in Ohio State, signed a $1.4 million NIL contract with GT Sports Marketing in August 2021. After C.J. Stroud took over as the main quarterback and the former five-star recruit went to Texas, where Ewers recently secured a huge NIL contract with Epic Games and Fortnite, the player entered the transfer portal in December 2021.

Day worries that when NIL arrangements become more widely available and more of a must for enrolling in and remaining at a school than an extra perk, this may become a recurrent problem with student-athletes.

But on “The Herd,” Colin Cowherd retreated from the story.

 

According to Ohio State coach Ryan Day, maintaining the current roster of the Buckeyes would cost the program $13 million. In response to Day’s remarks, Colin Cowherd said that we should “pay the kids.”

In the midst of a pandemic, when attendance at games was restricted, how much money did Ohio State’s sports department make? $107 million “alluded to. “Are you aware of the pre-pandemic earnings of Ohio State’s athletic department? $234 million. And you’re panicking because the players may get $13 million. You spend $25 million on your coaching staff, and you may lose half of those players the next day.