Via Playboy.com:
“Guidance is the one thing that young athletes coming through the college system miss on so much,” Bush told Playboy. “I missed on it. They’re about to start paying college athletes. This is something that has never been experienced before, and it’s going to destroy some people if their foundation is not in the right place.”
“The one thing I wish I had early in my career is proper financial knowledge,” Bush said. “I hired good agents, and I hired a good team. But I allowed that good team to make decisions for me. I’m not saying I’m going bankrupt, but if I had the proper knowledge back then, some things would be different.
“People just assume, ‘Well, you got all this money, so you’re good.’ It’s actually the opposite. The more money you have, the more danger you’re in, because now you’re a freaking open target for a lot of people. It’s a nasty world out there, and it’s about to get nastier. You’re going to really start to see the true colors of a lot of people, and a lot of businesses too. You’re going to see people doing some crazy stuff to make money, because our market is crashing.”
The NCAA says athletes will be allowed to appear in advertisements and can reference their sport and school, but they would not be able to use school logos or branding in those advertisements.
A formal proposal for the new rules is scheduled to be submitted no later than October to the NCAA board, which will vote on the proposal no later than January 2021.
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