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Ed Tiryakian

Mar 24, 2026

8:25
nil there's now as you mentioned 21 million dollar budget that universities are supposed to spend on the athletes through nil and now it's moving into a transitional phase where you've got the money you've got the players but oh you get the money you give it to players but the players get taken through the transfer portal which is six months long so could you talk me through for people that don't know what happened with the duke quarterback who was recently taken by the the miami team even though he had a two-year contract with duke How much money he was paid, what happened, how he went otherwise, and what precedent it sends that he left.
8:59
Yeah, so a couple of things there from the House settlement.
9:02
So collectives still exist.
9:04
So a university can pay 21.
9:06
You can have 10, 20 million dollars from collectives funding athletes.
9:10
So the number that, say, Ohio State football or Notre Dame football is going to spend is much more.
9:17
It's going to be in the $50, $60, $70 million range.

27 MINS LATER

36:23
So the precedent of the University of Utah is, now makes all the successful alumni at Duke, at Indiana, go, actually, we want the program to be successful, but we also want a monetary stake in the success of that program.
28:04
And I think that's a really interesting scope to building yourself up because even though you might not be working in your business straight away, you could be getting the skills, knowledge, experience, connections that would enable you to build the best business sustainably in the future.
28:18
Yeah, listen, that is 100% on point.
28:24
You know, what's one of the biggest, I won't say failings, Harvey, but one of the big things about academia, about universities, it's no matter what, it's 90% theoretical.
28:42
You know, most professors do grad studies and then matriculate to be assistant professors and professors and tenured professors.
28:55
And, you know, we go to a lot of conferences and we help with a lot of dissertations.
29:01
If you haven't done it in the entrepreneurial space, in the business space, there's a certain, I'd say, lack of sincerity there.
29:12
You have to close a deal.

8 MINS LATER

36:53
companies on the side that universities can use you have had experience being the chairman of legend sports group working there for four years as you mentioned and working with some of the biggest names why do you think nil is such a big thing and how have you adapted your view of nil having worked with well having taught students who were quite literally in the world of nil

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