The WSU Cougar Collective posted on Twitter today that 97% of every dollar received by the CC has gone straight to WSU Cougar student athletes. Surpassing their goal of 90%. rubbing salt in the wound
Yeah 97% is higher than Id expect, but 90% seems what I might expect if I had zero knowledge of the situation. This OSU deal where more money goes to Blueprint than athletes is insane.
there will be costs for organization, management, and process for sure. Can't have 5-20M coming into a collective without oversight. I'd agree that about 10% seems right....might be a little high, and I would think the percentage would drop a little as the volume increases. But WSU at 3%....maybe; but I'd be a little skeptical how they calculated.
I know that it's been run on essentially a volunteer basis to this point with 8400 hours of volunteer work logged this year, while expenses like legal fees, websites etc kept to a minimum. Obviously as the funds grow, the need for more oversight is needed and my guess is that number comes down to around the 90% range is the goal, but nothing like what is happening at OSU.
Very cool to hear for WSU. Also, I think some minimal expense could be incurred by the school, they have plenty of other revenue coming in, so if that ~5-10% or whatever of fees needed is just paid by the school football program they could have nearly 100% of this NIL fundraising directed to the athletes. Maybe not for OSU immediately while this conference transition is still going on but eventually that could be a goal. The OSU football revenue is totally different than a nonprofit or such which is 100% funded from only donations and obviously needs a percentage for oversight.
I tried looking yesterday for like 2 minutes and couldn't find that. Just cryptic tweets that people are implying he may have gone there. Could be true, I just couldn't verify for real yet. https://www.essentiallysports.com/n...wenty-years-ties-with-beavers-kyle-bjornstad/
