A week after announcing a $200 million utility project, the Texas Tech football team received another boost on Monday when the Matador Club, a local group, said Lubbock Avalanche Magazine He will sign 100 red invaders Players for a year, $25,000 contracts for nothing.
The deal will include all 85 scholarship recipients as well as the 15 Texas Tech attendees, according to Cody Campbell, an oil and gas executive, Matador Club board member and former Texas Tech offensive lineman.
Campbell said players are expected to do community service and philanthropy in the Lubbock area, and payouts will begin flowing the first week of August.
“The groups did things in different ways,” Campbell told the newspaper. “You see some of them paying big for singles players. You see the others doing different things. But what we really want to do is support the whole program. It’s a sort of base salary for the players. They won’t be prevented from doing other things without anyone else. In fact, we will encourage and help them to do it.”
On Sunday, Red Raiders first-year coach Joey McGuire hinted at the arrangement and told reporters at the Texas High School Coaches Association conference that NIL had the potential to disrupt the locker room because freshmen or premium recruits could sign bigger deals than current freshmen.
It’s not at Texas Tech,” McGuire said. “Because I don’t believe in it. I don’t think somebody who’s never been caught can come in red and black… I don’t understand. We won’t. There’s going to be a really big problem coming from Texas Tech as we create some equality in our locker room. I think that’s important.”
By Texas law, schools cannot participate in void agreements, so the Matador Club is an outside organization. Campbell said the club hired an NCAA attorney when the group was formed and would abide by NCAA rules that NIL agreements do not serve as recruiting solicitations.
“It’s a rule that a lot of people break,” Campbell said. “We will never do that. We won’t play that game. Now I’m sure when every player on our roster gets $25,000, it’ll be known that Texas Tech has such a great NIL program that will attract recruits, but we won’t make any promises on the front lines. -end. We won’t break any rules. »
McGuire said on Sunday that coaches are still learning the impact of NIL and it will be interesting to see if he causes any friction in the locker room.
“There’s going to be a lot of coaches who have to deal with that,” McGuire said. “There will be rookies who haven’t played. Maybe you started your left entry because you did [deal] And this recruiter has that. You don’t have to at Texas Tech. We won’t do that.
The Matador Club said payments will be made on a monthly basis and will be renewable annually. Football is just the first step, Campbell said.
“The Matador Club is funded by private donors,” Campbell said. “We have reached a point where we have done well, so we are ready to sign contracts with the football team. We plan to move forward with [men’s] Basketball and baseball in the next few weeks, the next few months.