• Loading stock data...
Friday, July 12, 2024

Miami Men’s Basketball Player Demands Bigger NIL Contract, Threatens to Transfer

  • Miami men’s basketball player Isaiah Wong is reportedly threatening to leave the team if he doesn’t get more NIL compensation.
  • There are little to no enforceable NIL regulations.
Jamie Sabau-USA TODAY Sports

Just a few days before the transfer portal closes on May 1, there’s yet another example of how some players and agents appear to be using NIL as a form of pay-for-play.

Miami men’s basketball player Isaiah Wong, who was part of the Canes’ Elite Eight run this year, is reportedly threatening to leave the team if he doesn’t get more NIL compensation.

Wong declared for the NBA draft but maintained his eligibility. But “if Isaiah and his family don’t feel that the NIL number meets their expectations they will be entering the transfer portal tomorrow,” Wong’s NIL agent, Adam Papas, told ESPN. 

“He has seen what incoming Miami Hurricane basketball players are getting in NIL and would like his NIL to reflect that he was a team leader of an Elite Eight team,” Papas said. 

The response didn’t come from Miami’s athletic department, as the school told ESPN it doesn’t directly negotiate deals with athletes. In fact, doing so would be a violation of Florida’s NIL law.

Instead, it came from local billionaire John Ruiz, who said that he has an existing NIL contract with Wong — and that he doesn’t renegotiate. 

Through his companies Cigarette Racing and LifeWallet, Ruiz is involved in 111 NIL deals for Miami athletes, according to The Miami Herald. For example, he announced an NIL deal with incoming Miami men’s player Nijel Pack that included a car and a $800,000 paycheck.

Ruiz also met with former Fresno State basketball players Haley and Hanna Cavinder before they announced they would transfer to Miami, per The Miami Herald. The twins, however, told Front Office Sports at the time that NIL compensation was not a factor in their decision.

How did we get here? In June, the NCAA announced a toothless policy on NIL that included few specific rules other than that NIL deals shouldn’t be used as recruiting inducements or forms of pay-for-play.

Those rules are clearly being broken, but the governing body has little, if any, legal power to try to enforce them. It’s also unclear how state laws will be enforced.

Now, the longtime market that’s existed to pay players has simply found a new avenue in NIL.

Copy Link
Link Copied
Link Copied

What to Read

‘Where’s truTV?’ March Madness Channel Is Now TNT Sports’ New Star

Warner Bros. Discovery will make its sports emphasis on truTV ‘even more pronounced and consistent.’

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.

Dan Hurley Finally Has New UConn Deal After Dramatic Offseason

Hurley is now the second-highest-paid coach in college basketball. 
April 13, 2024; Columbus, Ohio, USA; Ohio State Buckeyes wide receiver Emeka Egbuka (2) catches a pass for the scarlet team while defended by cornerback Jordan Hancock (7) of the grey team during the first half of the LifeSports Spring Game at Ohio Stadium on Saturday.

As NIL Turns Three, Collectives and Football Still Control the Industry

Collectives dominate NIL, and football makes up most of collective budgets.
podcast thumbnail mobile
Front Office Sports Today

Warner Bros. Discovery Faces Final Decision on NBA Rights


Featured Today

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’
July 7, 2024

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.
Oct 27, 2023; Sacramento, California, USA; A general of the Sacramento Kings logo on the court before the game against the Golden State Warriors at Golden 1 Center.
July 6, 2024

How Sports Went From Private Equity Punchline to Coveted Asset Class

Once an industry punchline, sports are now a coveted asset class.
July 2, 2024

Willie Mays’s Humility Was Key to His Genius

Mays took heat from all sides, and handled it his own way.
Tony Romo at the American Century Championship in Lake Tahoe

One of the Hottest Celebrity Wait Lists Is a Golf Tournament

The American Century Championship tees off Friday.
July 11, 2024

Criminal Charges Mean No Pay for Wander Franco

Franco had been receiving half of his $2 million base salary.
July 11, 2024

Teenage Sprinting Prodigy Sues Gatorade After Positive Test

Issam Asinga alleges Gatorade gave him contaminated gummies.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 11, 2024

Everything To Know About the Jaylen Brown–Nike-Olympic Beef

It starts, as it often does, with a carefully parsed emoji.
July 10, 2024

Hardly Any Russians Are Set to Compete at the Paris Olympics

Russian athletes are pulling out of Paris in protest of IOC restrictions.
Nathan's Hot Dog Eating champion Joey Chestnut's belt before the Lugnuts game against the TinCaps on Thursday, Aug. 10, 2023, at Jackson Field in Lansing. Chestnut was participating in an olive burger eating contest before the game.
July 4, 2024

Fourth of July Nathan’s Hot Dog Contest Will Be First Without Chestnut..

He’s eating against four soldiers collectively in a contest in Texas.
Jun 19, 2024; St. Louis, Missouri, USA; St. Louis CITY SC goalkeeper Roman Burki (1) looks on during a match agains the Colorado Rapids at CITYPARK. Mandatory Credit: Joe Puetz-USA TODAY Sports
July 3, 2024

The Highest-Paid MLS Goalkeepers

Roman Burki leads all as the highest-paid MLS goalkeeper of 2024.  His $1.53 million salary with St. Louis is $600K more than the next closest goalkeeper.