3 … 2 … 1 … TRANSFER! 🏈

A Closer Look …

with Anthony Newcombe

January 12, 2024

Yep, it’s another year combined with another reset.  Be it your personal resolutions, professional goals, bucket list aspirations, or something else involving much less angst and/or effort.  The point is people: it’s time to GET MOVIN’!!

black and white jersey shirt on red wall
Photo by Ricardo Esquivel on Pexels.com

First, let’s get the college athlete transfer portal stuff straightened out.  The author fully supports athletes finally getting both the college program they prefer to play for – as well as earning the income they deserve from risking their long-term health to quench the financial thirst of fans, bettors, university administrators, coaches, boosters, parents, etc.

What is difficult to support is the chaos this current process creates.  We need to figure out a more efficient path and timeline for the portal to work efficiently.  One suggestion floating around is to shift the process beyond the December bowl season and playoffs.  This will allow both teams and players to be able to postpone the decision process until everything is finalized on the field. That sounds less hectic and a pretty good start to me. 

Moreover, we can’t have players moving to and from multiple programs over a 4-5 season college stint.  One player – who shall remain nameless – has already transferred from the East to the West Coast and then back to the East Coast in just a few seasons!  That, to me, is a serious flaw in the system that requires immediate patching.  Personal freedom is fine, but chaos creation should be deemed “the red line.”

Regrettably, the current system mirrors the “Wild, Wild West.” Perhaps some form of “collective bargaining” should be created.  This could be a system which provides some guardrails for a more streamlined and fairer process. 

SOLUTIONS?

We all know college players aren’t “employees,” so it wouldn’t be structured the same as CBAs in the corporate world, but there still is room to introduce an unbiased committee – focused to ensuring fairness and some oversight – while also building a bridge for these young and financially naive players to invest and learn how to build lifelong security in their current NIL earnings.  They should be steered from nefarious characters who, let’s just say, might not have their best interests at heart.

What do YOU think?

Happy 2024 all!

-A.N.

Anthony Newcombe is a 4-time entrepreneur, published author & narrator, and full-stack web developer.  He can be reached directly for appearances via our CONTACT PAGE.

Flash Boys – by Michael Lewis

Flash Boys – by Michael Lewis, 271 pps., (2014)

 

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What I found most amazing about this book

This book is pertinent because it highlights a segment of the financial world that seems to have a great propensity to make money regardless of consequences.  Just the concept of spending the time and investment to install a “super speedy” stock trading line from (Point A to Point B) Chicago to New Jersey is amazing.

What I DIDN’T like about this book

It’s not something I didn’t like about the book, but rather the unlikeable tendency we humans have.  That is – the built-in greed button to “WIN at all costs” and the extent to which we can risk everything we have in order to satisfy that urge to make a buck.  It ends up costing ourselves and others (who entrust us with their investment capital).

Whom would I recommend to read this book

I would definitely recommend this book to anyone who has an interest in working in any capacity in the stock trade.  It is both eye-opening and a great discourse (as always in Michael Lewis books), on the “game within the game.”  It is both any exciting read and makes the reader twice about what might be going on in his or her trusted trader’s investment strategy…

Any thoughts?

-A.N.

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