Kendrick Perkins Moving Shady

[UpAndComing]

It literally states it in the article what it is

And this is in the article:

"Ricciardi said -- and the athlete contract states -- that Nilly's deals are not loans but licensing agreements. If an athlete doesn't earn enough NIL money within the contracted time frame for Nilly to recoup its investment, he or she is not responsible to pay back any part of the upfront money. Ricciardi compared the deals to advance payments musicians receive in exchange for future royalties.

"There's no interest rate. There's no requirement to pay back," Ricciardi said. "It's purely a licensing deal. I would be surprised if those people thought that music advances were high interest loans."


You're obviously clueless about these types of business practices. Another similar deal are Mining and Oil & Gas companies extracting raw materials in Agricultural small towns and paying the Farmer who owns the land upfront Mineral rights licensing/royalty payments to use the land

 

[Apprentice]

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.

Man time have you ever talked to someone with a NIL deal in your life? Don’t start this too young shyt I’ll get on ya ass dawgie

 

[Apprentice]

And this is in the article:

"Ricciardi said -- and the athlete contract states -- that Nilly's deals are not loans but licensing agreements. If an athlete doesn't earn enough NIL money within the contracted time frame for Nilly to recoup its investment, he or she is not responsible to pay back any part of the upfront money. Ricciardi compared the deals to advance payments musicians receive in exchange for future royalties.

"There's no interest rate. There's no requirement to pay back," Ricciardi said. "It's purely a licensing deal. I would be surprised if those people thought that music advances were high interest loans."


You're obviously clueless about these types of business practices. Another similar deal are Mining and Oil & Gas companies extracting raw materials in Agricultural small towns and paying the Farmer who owns the land upfront licensing/royalty payments to use the land

nikkas in school studying this type shyt and he told me I’m too young to understand

It’s all good, this is clearly about them hating Kendrick; not the deals being predatory

 

[Sauce and Footwork]

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.

Who is too young??

 

[Thavoiceofthevoiceless]

Who is too young???

@Apprentice

 

[Apprentice]

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

You have to pay a payday loan back in cash or assets

You have to pay a Sallie Mae loan back in cash

You don’t gotta pay shyt back if they give you this advance and u never play a snap of football again. Stop it bruh y’all tripping

 

[Thavoiceofthevoiceless]

And this is in the article:

"Ricciardi said -- and the athlete contract states -- that Nilly's deals are not loans but licensing agreements. If an athlete doesn't earn enough NIL money within the contracted time frame for Nilly to recoup its investment, he or she is not responsible to pay back any part of the upfront money. Ricciardi compared the deals to advance payments musicians receive in exchange for future royalties.

"There's no interest rate. There's no requirement to pay back," Ricciardi said. "It's purely a licensing deal. I would be surprised if those people thought that music advances were high interest loans."


You're obviously clueless about these types of business practices. Another similar deal are Mining and Oil & Gas companies extracting raw materials in Agricultural small towns and paying the Farmer who owns the land upfront Mineral rights licensing/royalty payments to use the land

Yeah you obviously didn't read the article before you rushed to respond because the person you're quoting is literally the co-founder of the company who obviously has every reason to not be truthful

 

[Apprentice]

Breh and Breh Associates back it again

I’m out this bytch and nothing happening to these folks

If cac media says jump y’all nikkas MJ in the dunk contest

 

[Sauce and Footwork]

You have to pay a payday loan back in cash or assets

You have to pay a Sallie Mae loan back in cash

You don’t gotta pay shyt back if they give you this advance and u never play a snap of football again. Stop it bruh y’all tripping

What are you talking about .. I just said it’s not a literal payday loan and we know that... and Did you even read the article????? They take a lot more back

 

[Apprentice]

What are you talking about . Did you even read the article?????

Yeah and it’s very clear you did not

 

[Sauce and Footwork]

@Apprentice

O shyt my bad lol. Misread that. Free rep

 

[Sauce and Footwork]

Breh and Breh Associates back it again

I’m out this bytch and nothing happening to these folks

If cac media says jump y’all nikkas MJ in the dunk contest

Are you even black you lil bytch

 

[GoFlipAPack]

So then he can use his public platform on ESPN to promote some of his NIL clients to boost their value and thus his own pockets.....oh nah he gotta be stopped.

If it was a Jew doing it nobody would bat an eye

 

[Apprentice]

Are you even black you lil bytch

Naw I’m a cac from Nebraska

bytch ass nikka

 

[UpAndComing]

nikkas in school studying this type shyt and he told me I’m too young to understand

It’s all good, this is clearly about them hating Kendrick; not the deals being predatory

Thank you. This isn't even necessarily about Kendrick Perkins and his company. But this financial practice is literally ancient. Factoring and other similar fomes of Financing has been around for thousands of years. And is very very popular with small businesses in modern times