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ESPN Daily

A Miami Billionaire, Big-Time NIL Money, and the Changing Face of College Sports

ESPN Daily

ESPN

Sports

4.63.9K Ratings

🗓️ 18 August 2022

⏱️ 34 minutes

🧾️ Download transcript

Summary

College athletes being able to strike deals profiting off of their name, image and likeness promised to change college sports, for better or for worse. Since the rules were altered more than a year ago, names are starting to emerge as players in the field. One of those names belongs to John Ruiz…a Miami area business man who is striking some pretty hefty deals with student athletes at his beloved alma mater, the University of Miami: the kinds of deals that have some wondering if a line is being crossed. John Barr joins the show to tell us who Ruiz is, and why he believes that he can profit off his love of the U, without breaking any rules in the process. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

John Barr, we are starting this story about the increasingly murky waters of college sports with someone named Nigel Pack.

0:10.0

Who is Nigel Pack?

0:12.0

Well, Nigel Pack was one of the most sought after basketball players in the transfer portal.

0:20.0

Nigel Pack rises.

0:22.0

Nigel Pack is in. Nigel Pack, you are a surre.

0:27.0

He was a point guard at Kansas State and he announced in April that he had committed to the University of Miami.

0:35.0

Now, his announcement came a few minutes after Miami businessman John Ruiz tweeted out that his company, Life Wallet, had entered into an NIL deal with Nigel Pack,

0:47.0

totaling $400,000 a year for two years plus a new car.

0:53.0

So, $800,000 total plus a car.

0:56.0

Now, John, I understand that Nigel Pack had other offers from like top flight schools across the country.

1:02.0

But I consider myself a basketball nerd of sorts.

1:05.0

I did not know that Nigel Pack, that a Nigel Pack was going to go and get $800,000 in a car.

1:13.0

I don't think anybody thought Nigel Pack was going to get $800,000 in a new car.

1:17.0

I don't know that Nigel Pack thought he was going to get $800,000 in a new car.

1:21.0

But yeah, he was sought after by schools like Tennessee, like Purdue, like Duke.

1:27.0

But ultimately, he settled with the hurricanes and look, you know, it raised questions.

1:32.0

Was this NIL deal what influenced him?

1:36.0

Now, the NCAA doesn't have many guidelines, but one of the guidelines it has states clearly that you can't use an NIL deal to entice a player to transfer to your school or to commit to your school out of high school.

1:50.0

And, Rewiz insists that didn't happen here.

1:54.0

Nigel Pack insists it didn't happen here.

1:56.0

The deal did not proceed the commitment.

1:59.0

They both say the NCAA has looked into it.

...

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