Kendrick Perkins Moving Shady

[Sauce and Footwork]

A salary slot might have got free'd up...

Indeed

 

[UpAndComing]

 

[Damnshow]

Perkins been a sucka ever since Blake and Wade snatched his soul in the very same season





There is no dignity left in that man

 

[Apprentice]

That’s not who this is tailored to though as he doesn’t need the bread.

These types of predatory practices and payday loans are mainly tailored towards the low income or lower tier players hence the term.

This shyt is frowned upon and criticized when it comes to adults and it’s even worse now that it’s being steered towards high school students.

Nah that’s just an assumption you’re making

While you could be correct the 1% of top performers wouldn’t take this deal

You don’t know which type of athlete has taken it, ESPN’s article didn’t disclose that

Y’all can’t pick and choose with this NIL shyt, once these students became earners; the responsibility is on them and their families to do their due diligence in every contractual dealing.

Y’all painting these players and they families as innocent and naive, this college sports shyt is business now on the same level as NFL and NBA. It is what it is.

 

[Thavoiceofthevoiceless]

Nah that’s just an assumption you’re making

While you could be correct the 1% of top performers wouldn’t take this deal

You don’t know which type of athlete has taken it, ESPN’s article didn’t disclose that

Y’all can’t pick and choose with this NIL shyt, once these students became earners; the responsibility is on them and their families to do their jobs. Y’all painting these players and they families as innocent and naive, this college sports shyt is business now. It is what it is.

It's not an assumption at all when there's literally years worth of data out there on who mainly uses payday and predatory loans and it sure as hell isn't the people that have money or have access to it. It's also a reason why some states have made these types of practices illegal.

The money in these type of practices will be the people who struggle to pay it back further increasing the money owed and that's before you factor in them giving access to their name and likeness even after they leave college.

All of us in here sounding the alarm about it are well aware of what we're talking about.

 

[UpAndComing]

That’s not who this is tailored to though as he doesn’t need the bread.

These types of predatory practices and payday loans are mainly tailored towards the low income or lower tier players hence the term.

This shyt is frowned upon and criticized when it comes to adults and it’s even worse now that it’s being steered towards high school students.

Should payday loans be illegal?

They already are in some states, which is why Kendrick and his team are goofy for pulling this move.

The good thing about it is that this might be what finally gets the government to step in to regulate NIL.

Ya'll have a point. But on the other hand legally this isn't a loan. It would be categorized as a "purchase of future receivables" or "purchase of future income". So legally they do not have to adhere to usury laws and any type of limits on Loans. Most likely Kendrick Perkin's company are framing it as an investment on the athletes future earnings. This practice is very popular in the business world

 

[Voice of Reason]

Crackers have been exploiting this athletes for decades.


When a Black man get's in the game now they are outraged.


Either way young Black athletes should not be exploited fukk Perkins and the cacs in that industry.

 

[Thavoiceofthevoiceless]

Ya'll have a point. But on the other hand legally this isn't a loan. It would be categorized as a "purchase of future receivables" or "purchase of future income". So legally they do not have to adhere to usury laws and any type of limits on Loans. Most likely Kendrick Perkin's company are framing it as an investment on the athletes future earnings

That shyt is a cash advance, which is essentially a high interest loan and anyone would financial and legal sense would tell you that.

Pull cash out of your credit card right now and see how high that interest is. It's a reason why they tell you not to do that unless it's a last resort.

 

[Sauce and Footwork]

Nah that’s just an assumption you’re making

While you could be correct the 1% of top performers wouldn’t take this deal

You don’t know which type of athlete has taken it, ESPN’s article didn’t disclose that

Y’all can’t pick and choose with this NIL shyt, once these students became earners; the responsibility is on them and their families to do their due diligence in every contractual dealing.

Y’all painting these players and they families as innocent and naive, this college sports shyt is business now on the same level as NFL and NBA. It is what it is.

Bro the United States government has classified payday loans (which this is worse) as scam like predatory practices. It is ILLEGAL in multiple states. So why are we not able to say this shyt is fukked up ??? Nobody said they aren’t responsible for the decisions they make. But it’s fair to say Kendrick is a piece of shyt for doing this. It’s not pick and choosing

 

[Rekkapryde]

No rules and procedures in place for what's all transpiring now. I'd imagine that a lot of these college kids don't actually have agents or people looking out for their best interest when these deals are being made and money changing hands.

I still insist that this problem could have been solved years ago had the NCAA just worked out a deal with the players instead of having their hands forced into doing so.

What's wrong with cousins and uncles and other close associates who have no clue or wanna fleece too

 

[UpAndComing]

That shyt is a high interest loan and anyone would financial and legal sense would tell you that.

It's not. This practice is very popular in the business world for over 100 years, and in Venture Capital. Especially in Restaurants, Trucking, Advertising, Construction, etc etc
Look up Factoring, Merchant Cash Advance, Earn-Outs, Equity Buy-Outs, etc

 

[Apprentice]

It's not an assumption at all when there's literally years worth of data out there on who mainly uses payday and predatory loans and it sure as hell isn't the people that have money or have access to it. It's also a reason why some states have made these types of practices illegal.

The money in these type of practices will be the people who struggle to pay it back further increasing the money owed and that's before you factor in them giving access to their name and likeness even after they leave college.

All of us in here sounding the alarm about it are well aware of what we're talking about.

Ya'll have a point. But on the other hand legally this isn't a loan. It would be categorized as a "purchase of future receivables" or "purchase of future income". So legally they do not have to adhere to usury laws and any type of limits on Loans. Most likely Kendrick Perkin's company are framing it as an investment on the athletes future earnings. This practice is very popular in the business world

he already broke it down, this isn’t really a payday loan, the article said nothing about the Athletes being in debt, this is more comparable to the 360 deals labels give artists.

The 50k advance can be used as an investment for their athletic skills and the firm collects the interest according to the terms

Not sure why you guys are going this hard, some of these NIL deals from local businesses are far more predatory then what’s going on here

 

[Thavoiceofthevoiceless]

It's not. This practice is very popular in the business world for over 100 years, and in Venture Capital. Especially in Restaurants, Trucking, Advertising, Construction, etc etc
Look up Factoring, Merchant Cash Advance, Earn-Outs, Equity Buy-Outs, etc

It literally states it in the article what it is

 

[Sauce and Footwork]

he already broke it down, this isn’t really a payday loan, the article said nothing about the Athletes being in debt, this is more comparable to the 360 deals labels give artists.

The 50k advance can be used as an investment for their athletic skills and the firm collects the interest according to the terms

Not sure why you guys are going this hard, some of these NIL deals from local businesses are far more predatory then what’s going on here

People have referenced payday loans stating that this type of predatory activity has been acknowledged by the US government as being deceitful and again predatory. We know it’s not a actual payday loan 360 deals are also predatory, which is why artist are doing more distribution deals or marketing contracts. And therefore the music industry is taking a huge hit financially. So here we are using those same deceitful practices here. In this new NIL gold rush .We know this is what happens. People are simply stating they opinion about someone involved in this type of activity. We don’t like Lyor Cohen (360 deals) or any of these types including Kendrick. Why you being defensive

 

[Thavoiceofthevoiceless]

People have referenced payday loans stating that this type of predatory activity has been acknowledged by the US government as being deceitful and again predatory. 360 deals are also predatory, which is why artist are doing more distribution deals or marketing contracts. And therefore the music industry is taking a huge hit financially. So here we are using those same deceitful practices here. We know this is what happens. People are simply stating they opinion about someone involved in this type of activity. We don’t like Lyor Cohen (360 deals) or any of these types . Why you being defensive

Because he's too young to know how these practices work and how they've fukked over people for years to the point that the government had to step in and stop them.

Exactly the type of person this deal would be steered towards.