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Entrepreneurship

Former Villanova star files lawsuit for lost NIL income [Video]

Kris Jenkins, who made the winning shot for Villanova in the 2016 college basketball championship game, is suing the NCAA and six conferences to recoup income he contends he would have earned if athletes at the time were not barred from making money from their name, image and likeness.File video from 2016 above: Reaction to NCAA championship-winning shotJenkins is among some 350 current and former athletes who have opted out of a $2.8 billion antitrust settlement with the NCAA that’s on the cusp of final approval. Some of the opt-outs have filed lawsuits to pursue lost income on their own.NCAA athletes weren’t allowed to make NIL money until July 2021. The so-called House settlement would provide back pay for athletes dating back to 2016, with the amount for each generally determined by sport and how much the athlete played. Jenkins played at Villanova from 2013-17 and in his last two seasons started 72 of 76 games and averaged 13 points per game.Attorney Kevin T. Duffy Jr. of Greenwich, Connecticut, filed Jenkins’ lawsuit Saturday in the U.S. District Court for the Southern District of New York. It requests a jury trial and compensation for Jenkins to be determined at trial. The NCAA declined to comment.According to the lawsuit, Jenkins is entitled to a share of the largesse associated with Villanova winning the national title on his buzzer-beating 3-pointer.As a result of that shot, the lawsuit says, the NCAA reportedly paid the Big East $19.1 million to distribute among its member schools; the athletic department received a $22.6 million gift, largest in program history; and the athletic program generated $11.4 million in revenue and fully funded its non-revenue sports.The lawsuit notes alumni donations increased 27% in 2016, enrollment increased and that the publicity value of winning the title was about $250 million and about $1 billion if the value of the game broadcasts were factored in.The lawsuit says because of the NCAA’s restraints on athlete compensation, Jenkins was denied a share of game telecast revenue and compensation he would have received for media broadcast uses of his NIL (BNIL) as well as income he would have earned for his NIL from third parties for use in video games and other opportunities, including marketing, sponsorship, social media, branding and promotional and other NIL deals.The Atlantic Coast Conference, Big East, Big Ten, Big 12, Pac-12 and Southeastern Conference were named as defendants, the lawsuit said, because each participated with the NCAA in the collusive restraint of trade and other violations of law alleged in this Complaint.

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Entrepreneurship

Starting a Business Was the Most Spiritual Thing Ive Ever Done [Video]

I’ve always been drawn to spirituality. In high school, while my friends leaned toward fine arts and sciences, I gravitated toward religion and philosophy, always searching for meaning, purpose, and a deeper understanding of life. But somewhere along the way, as I shaped my values, I had absorbed some seriously flawed beliefs. I saw the […]

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Entrepreneurship

5001 Mcgregor Ln, Dripping Springs Property Listing: MLS [Video]

Allegro Wedding and Events is a recently launched and operating venue with new business branding, located in Dripping Springs, the Texas Hill Country area known as The Wedding Capital of Texas. Allegro combines Hill Country beauty with Austin chic, just 37 minutes from downtown. The venue sits on 10 acres of unrestricted ridge-top land with 5-mile views to the west overlooking open ranches and the Texas Hill Country. The property consists of over 10,250 SF of indoor improvements, manicured grounds and exterior entertainment areas under live oaks. The current property owners have recently renovated with upscale Hill Country chic decor and elegant touches throughout. 5 newly decorated and furnished guest cottages have been added to the grounds offering overnight accommodations for up to 17 guests for all seasons. The venue is positioned at the high-end of the market, and only one of a couple of venues offering a one-stop wedding experience, with a story-book chapel and a variety of airconditioned indoor, and scenic outdoor entertainment and celebration spaces. In addition to the real estate, the business, Allegro name and current bookings will transfer with the sale. The current manager played a key role in building the business and event bookings to support the pro-forma NOI. The local wedding industry is built by reputation, solid contacts with vendors and planners where the manager is well connected and established in the community and has built a solid reputation and book of business for Allegro.