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closetojumping
closetojumping

Thanks for the thoughts. The original HWH team getting the original IP out into the open and getting the longform IRS approval were instrumental in all of this. That's @SquishMitten @RGBIII @SydneyCar

closetojumping
closetojumping

Outside of unifying all initiatives under one umbrella, which wasn't a small feat for the parties involved, there are two really big things here: 1) All players in all sports will be making money

closetojumping
closetojumping

I went to the tournament and the gala. Kind of obligated on it and to pay for it, or part of it. It was all well done and a ton of money was raised. We’d committed to a nut for this new cycle for full

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BurntOrange&White

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Here:

 

BobbyBurton

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17 minutes ago

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It’s time for Texas - all of Texas - to marshall its “collective efforts.

Later today, the folks who created the Pancake Factory, Clark Field Collective, Occupy Left Field and others will join together to launch The Texas One Fund.

The Texas One Fund brings together disparate groups across all sports into a single, unifying force.

The Texas One Fund will focus on NIL initiatives for UT players in return for charitable contributions to the community. Whether it’s visiting a Children’s hospital, refurbishing school libraries in disadvantaged areas or visiting youth at elementary schools, Longhorns players will be more involved in the community than ever before.

**

Lots of folks are probably tired of hearing about “new” NIL initiatives.

Well, this one is different, especially for Texas. And I’d encourage everyone’s participation in it.

Every little bit helps and that’s why there are plans for small and large donations alike.

Furthermore, all of the aforementioned groups are committed to working together as a charity. That means all donations are tax deductible.

**

 

https://www.texasonefund.org/contribute-now/

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RGBIII

RGBIII 22760

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17 minutes ago, BurntOrange&White said:

So what does Texas One mean toward paying all student athletes?

That we are going to be paying everyone and everyone can participate 

11 minutes ago, BurntOrange&White said:

@RGBIII @immamac is burnt endz part of this? how does our payments work if it is?

Nothing changes with the Burnt Ends ever

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closetojumping

closetojumping 61996

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Outside of unifying all initiatives under one umbrella, which wasn't a small feat for the parties involved, there are two really big things here:

1) All players in all sports will be making money at Texas, and in non-trivial amounts. That doesn't even include corporate sponsoring efforts. The goal is to create a competitive advantage for every sport against its own landscape. This will outpace South Carolina for WBB, set the bar in FB, compete with LSU in baseball, etc. 

2) The LHF is going to play a critical role in driving the fund growth, starting now. The athletic department and CDC are fully behind this and they understand that if you aren't the best in NIL, you aren't winning. The colleges sports world has changed. 

The original goal of creating something best in class to run alongside the LHF is now fully in bloom. 

2 minutes ago, Wulaw Horn said:

So, is it true that the school can now help with this stuff (suites and other appreciation type stuff for contributors)?  Are they planning on getting behind this and being a force to help y’all out?  

Absolutely.

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RGBIII

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4 minutes ago, Wulaw Horn said:

So, is it true that the school can now help with this stuff (suites and other appreciation type stuff for contributors)?  Are they planning on getting behind this and being a force to help y’all out?  

Yup, thats why we unified. So Texas can point to one organization alone. We just added the might of the Texas AD, compliance and most importantly the LHF

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BurntOrange&White

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9 minutes ago, closetojumping said:

2) The LHF is going to play a critical role in driving the fund growth, starting now. The athletic department and CDC are fully behind this and they understand that if you aren't the best in NIL, you aren't winning. The colleges sports world has changed. 

The most important part of this announcement on all fronts.

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Acropora

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8 minutes ago, closetojumping said:

Outside of unifying all initiatives under one umbrella, which wasn't a small feat for the parties involved, there are two really big things here:

1) All players in all sports will be making money at Texas, and in non-trivial amounts. That doesn't even include corporate sponsoring efforts. The goal is to create a competitive advantage for every sport against its own landscape. This will outpace South Carolina for WBB, set the bar in FB, compete with LSU in baseball, etc. 

2) The LHF is going to play a critical role in driving the fund growth, starting now. The athletic department and CDC are fully behind this and they understand that if you aren't the best in NIL, you aren't winning. The colleges sports world has changed. 

The original goal of creating something best in class to run alongside the LHF is now fully in bloom. 

Absolutely.

 

5 minutes ago, RGBIII said:

Yup, thats why we unified. So Texas can point to one organization alone. We just added the might of the Texas AD, compliance and most importantly the LHF

Thank you both and everyone else involved.  I know unifying our disparate alumni factions and creating a vehicle that both the larger donors and more casual fans can participate wasn't easy but elevating the floor for UT athletic support is huge and getting the sheer number of fans involved that can't give 1000+ but can contribute 5/10/50/100 will be a differentiator from smaller schools which rely on just a few bmd.

8 minutes ago, closetojumping said:

 

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closetojumping

closetojumping 61996

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1 minute ago, Acropora said:

 

Thank you both and everyone else involved.  I know unifying our disparate alumni factions and creating a vehicle that both the larger donors and more casual fans can participate wasn't easy but elevating the floor for UT athletic support is huge and getting the sheer number of fans involved that can't give 1000+ but can contribute 5/10/50/100 will be a differentiator from smaller schools which rely on just a few bmd.

Thanks for the thoughts. The original HWH team getting the original IP out into the open and getting the longform IRS approval were instrumental in all of this. That's @SquishMitten @RGBIII @SydneyCarton @immamac @GlenFromTheMailRoom and a few others not on this board, but instrumental and/or fundamental. One of our more famous recruiting related alums should have a fucking statue erected in his honor outside of the stadium at the end of this. One of our buddies and a former UT QB walk-on was also critical in the development of this. 

RGBIII and the other HWH members have been selfless in navigating the handing off of the entity to the bigger group. Credit to those other groups for handling things in the same way. 

There are going to be some really important things on a sport by sport basis flashing soon.

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Laxtonto

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14 minutes ago, RGBIII said:

Yup, thats why we unified. So Texas can point to one organization alone. We just added the might of the Texas AD, compliance and most importantly the LHF

Out fucking standing work!!!

Getting the coordination across all channels will be a massive game changer and more appropriately it makes it almost impossible to hide anything (both financially for prospective incoming students and from a tax perspective for everyone else down the chain). It makes everything open and in essence destroys the nebulous answers by other schools for NIL. Combine this with the AD and compliance and now there is never a question about what is or not allowed or did the student athletes receive proper advisement from a tax perspective.
 

Any prospective athlete will know the floor for NIL at Texas, and with how the funding arm looks to be designed, that floor will be substantial. Others schools have to build a similar concept or have people question the authenticity of their numbers.

This will end up rocking the NIL landscape because of how the visibility effective gets rid of the lies involved in NIL and make it real obvious who actually has their shit together.

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RGBIII

RGBIII 22760

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4 minutes ago, closetojumping said:

Thanks for the thoughts. The original HWH team getting the original IP out into the open and getting the longform IRS approval were instrumental in all of this. That's @SquishMitten @RGBIII @SydneyCarton @immamac @GlenFromTheMailRoom and a few others not on this board, but instrumental and/or fundamental. One of our more famous recruiting related alums should have a fucking statue erected in his honor outside of the stadium at the end of this. One of our buddies and a former UT QB walk-on was also critical in the development of this. 

RGBIII and the other HWH members have been selfless in navigating the handing off of the entity to the bigger group. Credit to those other groups for handling things in the same way. 

There are going to be some really important things on a sport by sport basis flashing soon.

Pretty crazy how this has developed from a bunch of dudes watching @Wulaw Horn mix his salsa and queso together like some form of deranged monster, to the creation of what should be the largest NIL collective in the landscape

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Frank Drebin

Frank Drebin 5359

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13 minutes ago, closetojumping said:

Thanks for the thoughts. The original HWH team getting the original IP out into the open and getting the longform IRS approval were instrumental in all of this. That's @SquishMitten @RGBIII @SydneyCarton @immamac @GlenFromTheMailRoom and a few others not on this board, but instrumental and/or fundamental. One of our more famous recruiting related alums should have a fucking statue erected in his honor outside of the stadium at the end of this. One of our buddies and a former UT QB walk-on was also critical in the development of this. 

RGBIII and the other HWH members have been selfless in navigating the handing off of the entity to the bigger group. Credit to those other groups for handling things in the same way. 

There are going to be some really important things on a sport by sport basis flashing soon.

Always have thought Burton was one of the good guys.

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SydneyCarton

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9 minutes ago, RGBIII said:

Pretty crazy how this has developed from a bunch of dudes watching @Wulaw Horn mix his salsa and queso together like some form of deranged monster, to the creation of what should be the largest NIL collective in the landscape

I was coming here to post something similar, but without the imagery akin to sticking a baby in a blender. 

In many ways the end result was because of something that started with folks on this board just deciding to dive in and work without waiting for anyone to tell us we couldn't or shouldn't. Personally, I'm proud of that. 

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Bodacious Bevo

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Thanks y'all for the great work you put in. 

I've been impressed by the foresight every step of the way. Timing has been impeccable

  • First crowdsourced NIL deal for a position group 
  • First 501c3 for a position of need, announced right before signing day
  • Other Texas collectives form in time for the portal and baseball season
  • And now that sustainable operations and cooperation with the AD are more important than the public splash, all collectives merge

I think the casual fan might be underwhelmed or disappointed that there's no specific mission or $ amount, but this is a big deal. No need to continue giving other schools a target and blueprint. 

 

By the way, there's a legitimate case to be made that we're .500 or below and our future is dark without HWH. If Banks doesn't come, we lose our best OL this year and have Karic or Jones at LT. Not only does that degrade the starting OL, it also takes away the jumbo package with Karic at TE that has been so successful this year. And without this OL class, how does our pitch to Arch, Johntay, Baxter, etc. change? It certainly makes our prospects for next season when we lose Bijan and Ro much worse. Sark needs to host y'all for an OV weekend visit to his house and VY steakhouse or something. 

 

Also, you know the aggy tears have been flowing when LHF makes you think LonghornFrenzy first. 

Edited by Bodacious Bevo
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Wulaw Horn

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39 minutes ago, RGBIII said:

Pretty crazy how this has developed from a bunch of dudes watching @Wulaw Horn mix his salsa and queso together like some form of deranged monster, to the creation of what should be the largest NIL collective in the landscape

That queso was too cheesy.  Needed a little pick me up. 
y’all are amazing on this. My pissant idea was to try to get 50k funded personally and find a couple other people with 50k or something and go buy a good receiver in the portal. That was conceivable and doable for me. What y’all ended up putting together is incredible. I didn’t doubt you for a minute, I just isn’t gabe the time and skill set to make that happen. Mad props fellas. 

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Wulaw Horn

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32 minutes ago, SydneyCarton said:

I was coming here to post something similar, but without the imagery akin to sticking a baby in a blender. 

In many ways the end result was because of something that started with folks on this board just deciding to dive in and work without waiting for anyone to tell us we couldn't or shouldn't. Personally, I'm proud of that. 

You should be man. Good work. 

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