Hey guys,
After doing some digging and trying to figure out where Stanford sits with all this NIL stuff, this is what I’ve found out about the NIL program Stanford is launching.
First off, it’s being led by Stanford alum Allen Thorpe, who graduated in 1992. His son Alexander Thorpe was previously on the team as a punter/kicker. He’s no longer on the team as his last season was his junior year in 2021. Alexander majored in Management Science, & Engineering (MS&E). It sounds like Alexander is taking part in helping his dad as are other members of the Thorpe family. Allen loves Stanford and is a guy who really wants to see it succeed. He’s gotten a lot of influential graduates and donors to get involved in this, which is good.
As far as the collective is concerned, it’s going to be called “Lifetime Cardinal LLC”. Stanford wants to make sure they do this right and help to fulfill the lifetime promise of Stanford. They’re not going to tamper with players from other schools and really have reputational integrity be at the core of this collective. It will cover all players both on scholarship and preferred walk-ons. They want it to eventually cover all sports, but they’re starting with football.
This will also be an independent organization. There will be contracts with players around NIL. Players will work with Non-Profits like the Boy’s and Girls Club, YMCAs, and other likeminded organizations. There is a plan to also work with businesses, allowing them to get money for services. There is an effort to connect players with investors, which they see as something that can help set them apart from other programs. And then also get them involved with VCs, PE, Real Estate, and Stanford Investment Professionals.
There will be $10,000 for everyone to start. The first payment will be for $5,000 in March and the second payment will be for the other $5,000 in the summertime. Either July or August. And then there will be additional money for other players. Students will also get 1099s and this will be done in a way that will make sure financial aid won’t be affected.
I know that publicly, Stanford is trying to downplay their involvement in NIL so as to not have it divert from their image of being a school that takes academics first and prioritizes the whole “40 year not 4 year decision” talk, but they’re definitely getting in the game. Even if it isn’t to the same degree/level as other schools.
Note: For more on Allen Thorpe, check out the link below.
https://longevity.stanford.edu/allen-thorpe/
After doing some digging and trying to figure out where Stanford sits with all this NIL stuff, this is what I’ve found out about the NIL program Stanford is launching.
First off, it’s being led by Stanford alum Allen Thorpe, who graduated in 1992. His son Alexander Thorpe was previously on the team as a punter/kicker. He’s no longer on the team as his last season was his junior year in 2021. Alexander majored in Management Science, & Engineering (MS&E). It sounds like Alexander is taking part in helping his dad as are other members of the Thorpe family. Allen loves Stanford and is a guy who really wants to see it succeed. He’s gotten a lot of influential graduates and donors to get involved in this, which is good.
As far as the collective is concerned, it’s going to be called “Lifetime Cardinal LLC”. Stanford wants to make sure they do this right and help to fulfill the lifetime promise of Stanford. They’re not going to tamper with players from other schools and really have reputational integrity be at the core of this collective. It will cover all players both on scholarship and preferred walk-ons. They want it to eventually cover all sports, but they’re starting with football.
This will also be an independent organization. There will be contracts with players around NIL. Players will work with Non-Profits like the Boy’s and Girls Club, YMCAs, and other likeminded organizations. There is a plan to also work with businesses, allowing them to get money for services. There is an effort to connect players with investors, which they see as something that can help set them apart from other programs. And then also get them involved with VCs, PE, Real Estate, and Stanford Investment Professionals.
There will be $10,000 for everyone to start. The first payment will be for $5,000 in March and the second payment will be for the other $5,000 in the summertime. Either July or August. And then there will be additional money for other players. Students will also get 1099s and this will be done in a way that will make sure financial aid won’t be affected.
I know that publicly, Stanford is trying to downplay their involvement in NIL so as to not have it divert from their image of being a school that takes academics first and prioritizes the whole “40 year not 4 year decision” talk, but they’re definitely getting in the game. Even if it isn’t to the same degree/level as other schools.
Note: For more on Allen Thorpe, check out the link below.
https://longevity.stanford.edu/allen-thorpe/
