May 7, 2023 • 38 mins
You can't mention collegiate athletes these days without someone bringing up NIL which allows these athletes to know benefit from their Name Image Likeness and get PAID! Brent Chapman stops by the show this week to discuss a new app he created called "myNILpay" which allows for a 1-to-1 transaction between an athlete and a fan. Watch and learn more about how you can now directly support your favorite colligate athlete!
www.mynilpay.com
Be sure to check out our sponsor The Niagara Corporation, the country's leading manufacture of water preserving plumbing products.
www.niagaracorp.com
www.mynilpay.com
Be sure to check out our sponsor The Niagara Corporation, the country's leading manufacture of water preserving plumbing products.
www.niagaracorp.com
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Episode Transcript
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(00:00):
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(00:20):
lasting water savings. What's up,y'alls your boy as they stand back back
into building for another episode of letMe tell You Something, And y'all hear
the voice right there. That's mybig dog, no other than Big Nate
Dog. And Nate Dog. We'vebeen telling people we're gonna bring a guest
(00:42):
in. Yeah, I know theygot it. They've been hearing our mouth.
You know, the draft was comingup. We've been talking a lot
of football, and we're gonna talkmore football today. But we have to
make sure that everybody knows who ourguest is. I know he's sitting over
kind of trying to try to swellup on us one time. Nate,
you know what I'm saying. Butas a Brent Chapman with my inner way
and all pay my ni l payand we'll get into that. How are
(01:03):
you doing today, man, I'mdoing great. How you good, guys,
I'm good, Man, I'm good. I'm good. How are you
from the draft just happened? You'refeeling good? Yeah? I'm from Western
New York, so I'm a bustingwhere Western New York? And what what
what? What is? What isin West Western New York? Buffalo?
Okay, all right, what's yourwhat's your history with Buffalo? Yeah?
Let's you know, it's very fruitful, very so you believe me when I
(01:27):
go through Buffalo, the snow getsout of the way. Yeah, get
warm real quick. It is fairto say that Nate had a part in
ruining my childhood. Oh no,yeah, that was yeah man, I
don't say you man, the kidsbe weary boy to get you all right?
(01:47):
All right, Well a lot ofthings have been happening here later we've
been talking about the draft. Okay, we'll get to them in my n
N I. I'm not get usedto saying this, yeah n I Okay,
we got a lot of talk aboutas far as nil but my n
I L pay um that's gonna bewhat we're gonn touching on. Okay,
But in terms of what just tookplace, Nate, I can't go to
the draft yet. You can't talkabout the draft, you know why?
Why? Oh oh Seattle? Who? Yeah, you know ye call your
(02:15):
boy love with call where That's whatwe should have on the show. This
is a crack exactly, a crackingseat monster. Man. Nobody knows.
We don't even know about the threepercent of what's in the ocean. Name.
Yeah, you don't know what's outthere, you know, but you
know, crack. I know theDallas Stars found out. Okay, the
(02:37):
Dallas Stars found out. That's allI know. All I know that the
Dallas Stars have to find out thehard way. You do it either way,
We're gonna do it the hallway.They did it the hallway. So
how did that end up? Howdid it? Game one? Game one?
Okay, at the time of thisand this air in this filming,
Okay, Game one that's taken place. Okay. Game one was a great
game, Seattle. I think theymight have broken record. Seattle scored three
(02:59):
goals in a fifty two seconds span. Was Dallas on the ice, Dallas
was on the ice. We scored, We scored two goals and eleven seconds,
and we scored a third goal infifty two within the fifty two second
window. Wow, their hair wasspinning. They they didn't know what was
coming out. It is more tocome back, finished, h So Dallas
(03:20):
came back. Dallas came back.We went to overtime. But you know,
we gotta take care of business.And you know y'all beat them three,
five to four. Final score wasfive to four. A lot of
points for a frockey game. Itwas amazing adventure. It was awesome.
The environment was awesome. Your boy, your boy, the playmaker, he
was in the building too. Theygot a chance to bump into him.
Uh. It was. It wasa great night for for sports in general,
for competition. It was an amazingnight playoff hockey. I had to
(03:43):
say, Nate, playoff hockey issecond to none, and I know that
that, but you have to bepresent to really enjoy. Man. Nah,
you could feel it. You couldfeel it man coming through the TV,
even if you're watching at the house. I mean the intensity as a
as a personal trainer and a sportsperformance guy train those are the hardest working
athletes I've ever been around. Okay, there's their their level of intensity because
(04:05):
they playing forty five seconds spurts,They're on the ice for forty five seconds
at a time and they get off. So it's literally empty to tank.
Give me everything you have for fortyfive seconds and we'll get you out of
there. Right. So everything thatour coach has always asked us to do
in football, right, But inthe back of our head we're like,
shoot, we got fifty nine moreplays ago ran. Right in hockey is
(04:27):
legitimately give me everything you have onfor forty five seconds and then give me
off the ice and then get yourbreath. So I'm in the rotations do
to have? They got three lines, three lines, so they have three
different three cycles of five players,right, so three starting lineups, so
it's five on each side plus thegoalie. Wowie, they say in playoff
the goalie becomes huge goalies ever,so Dallas's goalie did an amazing job,
(04:53):
but he wasn't really challenged in termsof the type of shots were coming at
him. We just had hustle plays. That's how we score. Dallas putting
some dog on night, shots ongold and our goals. This guy talk
about hockey, man, This guyI like that man. That's why I
brought him on this show because Iain't multi like that. But like the
our goalie was, he was dogon spider Man. Last night. He
(05:15):
was Spider Man, I say,last night, and this is the day
we feeling. Okay, So nowwho do y'all? Who are y'all in
playing? Now? We're still playingthe Stars best in seventh series? Okay.
So also been game one that wasy'all beat the first set of folks.
That's right, the defending champs,the Stanley Cup champs from last year.
We knocked him out. The ColoradoAvalanche knocked him out. Go home,
early vacation. So y'all lived downthe might in the mountains in the
(05:39):
Avalanche rolling. We didn't We didn'teven go home. Wow, yeah,
the Avalanche. We just we justrolled the Avalanche down the Dallas. Oh
okay, now day, I'm nota hockey person that y'all can tell my
man over there, it was ahockey person. So we got two hockeys
in no hockey the same. SoSeattle's in the build. I had to
say that before we got going intothis thing. But big dog, we've
(06:00):
been talking about it, right,and we'll get you in here on on
a conversation as well. What's yourwhat's your NFL team that you reaped for
Buffalo Bells. Buffalo Bells O BuffaloWho? Yeah? Yeah, did y'all
have a good draft? Um witha hesitation, Nate hesitation. Yes,
part of our draft was successful becausewe jumped up and kind of screwed the
Cowboys a little bit and got theguy they wanted. Who was that?
(06:24):
The Dalton kincaide from Utah? Sothe guys they wanted me and him wanted
some one different. Yeah. Well, my philosophy on the draft never changes.
So you guys aren't You guys aren'trolling with Knox no more. I
thought he was your tight end.We need we need multiple We have Josh
Allen. He throws it to everybody. Yeah, I got who we have
Josh Allen? You know the bestquarterback? I'm sorry, said the best?
(06:46):
The best? Oh my gosh,was that like th h or Dao?
That's that's that's the arrogant of NewYork Western? Where's the tay Bold,
Nate. Let's get the Western NewYork nat Western New York all right?
So I agree that he's in thetop five quarterbacks in the league.
I can't put him at number one. I cannot put him at number one
(07:09):
well, that's just my talking.What he'll say is though, and I
agree with Nate on this. Myphilosophy on the draft is, unless you're
getting a franchise quarterback Patrick Mahomes,etc. You should always draft offensive lineman
or defensive lineman that like in thefirst round. And that's what I would
do if I was a GM mightbe like the Cowboys a few years ago,
like every year it was an offensivelineman. It was an offensive linement
(07:31):
and they proved it out right.They had a sweet line for years.
And uh, I don't know whymore people don't do that, because that's
where it matters. Look at JoshAllen. He struggled last year because he
was getting killed. So you knowwhat, when when I when I saw
your boy, the playmaker aka misterMichael irv Right, and we talked to
that for about fifteen minutes down inthe parking garage. He said the same
(07:53):
thing. You know. He toldme. He said he wants a He
wanted a big, nasty left guardthat eat sleeps in. Yeah, that's
all he said. He you know, years and years I beg for a
d tackle. I mean for twelveyears. Literally, I'm like, let's
get a big d tackle. Nowwhen we need a guard, a guard,
(08:20):
not a guard that can play aguard, just a guy that can
get in there, a little bitof athletics, a whole lot of physical
toughness and smart you can do.Name is Kody Mark. He from North
Dakota. I already had him picked, but hey, they didn't want so.
So overall, how are you feelingabout the draft night? They got
(08:41):
Dallas Cowboys, they got they gotthe big greasy uh. They got a
tight end that can block so uh. And I'm not looking past the draft.
I'm not looking past those other guys. More power to him, But
the first two guys should play eightyeighty percent of the time. Not no
(09:05):
rotation pieces. These dudes are rotationpieces. We we failed, miss we
failed. And so my first ourfirst two picks, and you shouldn't.
A draft is complete all the waythrough, you know, free agency included.
But these first two guys have tohave an impact because up until last
(09:26):
year, we were getting gashed inevery playoff game. If you wanted to
beat the Cowboys running football, andthen if you wanted to really beat the
Cowboys, don't let them run atall. So I'm good with this draft.
I'm hitting them at probably people someabout be minest I got him out
of eight. I got him coveringcause this looks like somebody drafted with with
(09:52):
a purpose instead of saying, hey, look at it, we're gonna be
Hollywood and West Texas, Hollywood andCentral Texas. You know, did you
guys have a first round pick inBill's Mafia? Yeah, we did what
y'all do with it. We movedup two spots to get Dalton Kincaid.
Okay, so you gotta take thetight end in the first round. Yeah,
okay. Was that y'all's need orwas that yaw's one? No,
(10:15):
I don't think that was the need. So they weren't think protection for Josh
Allen was the need, and theyin the second round they got a big
boy from Florida, O Cyrus.He was the first round. Let me
say something, the first round grade. Yeah, first round grade. Let
me say something, partner, andJosh Allen is his name. He his
(10:39):
own worst enemy. Josh Allen betterunderstand running backs. That's what they do.
Run with the ball. He needsto stop. He is own worst
enemy. I'm telling you that y'allrun people over and thinking about it,
(11:00):
I don't care. He has theability in the arm and now the knowledge
to win games darting it. Yeah, he needs to take advantage of that.
He want to show he tough mate. Well, Isaiah, you're a
QB. Tell what is it like? I mean I say this. That
was a different type of QB.Though josh Allen didn't have my speed.
Okay, So so that Josh Allentries to prove that he's a big physical
(11:24):
being, I want to do that. I wanted to outrun you. I
just I played with cats like youweren't gonna catch me, you know what
I mean? And then when youdid think that you catch me, then
I'll make sure that I'm the hittur and said the hit t right.
I would, I would lay ahit. But I had a coach by
the name of Tyrone willyham yep whotold told me to start sliding. And
I was like slide growing up ina hood and that that's a that's soft.
(11:46):
You know what. I ain't sliding. What I look like sliding.
I gotta go back neighborhood. AndCat's talking about all you up there just
sliding laying down, not getting nottaking a hit. So I looked at
coach, are you crazy? Andit is in the middle of the game.
He said, start getting down.If you don't get down, I'm
gonna take you out the game.And he had the serious, the most
serious look in his face, andthere was there was no no doubt that
he was being one hundred percent withme. So I had to start sliding.
(12:09):
And I almost blew my knee outtrying to slide because I didn't know
how to do it the proper,the proper way to justice. He was
trying to protect because he knew ifhe lost me, it was gonna be
say something. Man, somebody bettertell Josh starts sliding, because you are
the France. He is a truefranchisse quarterback. He ain't. He ain't
one of those run first, uhthlow second. He can throw them about.
(12:33):
He gotta side taking advantage of that, and they got receivers around him.
So yeah, he back taking advantageof that. All right. So
what would you give the Buffalo Billsgrade overall? I mean, I think
we only had like five picks orsomething. It don't matter what you did
with him, how you feel aboutgreat. I don't like grading drafts,
right, It's so I'm like Ihate to say it, but I'm one
of these. I don't like creditscords, but I gotta have it.
(12:54):
I gotta. I can't, Ican. I can grade the draft from
Nate was in and that was rightnow and whatever. Sorry, Nate,
I don't I don't remember what you'redrafted. Grade that draft. I can
grade your draft, but how canI grade something that happened. They haven't
even put on the pads yet.I agree, So I guess it is
(13:15):
your perspective. I think they didgood. They addressed some needs um,
but they went out Lineman, Soall right, we'll see. I'll see
how it works, right. Ithink it's up here for them. All
right, I'm gonna see what BillsMafia does. Cowboys Nation. Nate gave
my AI gave a what you're gonnaget Seattle. He always tried to get
around Seattle. Seattle got a absolutelyyes, Well, y'all don't know who
(13:37):
they drafted, doesn't nobody, nobodyever knows what Seattle does in the draft.
But we always successful with Well,y'all got a nice corner at the
noise. Somebody yeah, yeah,yeah, Snyder knows what the heck you're
doing up. Always have people listenup. There's a handful of organizations that
people try to mimic their stout inthe draft. Okay, New England's one
of them. Yeah, Seattle's anotherone. Those two teams and Philadelphia,
(14:01):
Now you have to throw Philadelphia inthat hat. Now, they know how
to team. They know how tobuild a dog on roster. Now,
ye, Kansas's proven it, right, Yeah, they just keep recycling.
Kens City's doing it, but theyKansas City is sneaky with it. kNs
City's very sneaky with it. Butin terms of acquiring draft equity and dropping,
you know, obviously acquiring more pigsand all that kind of jazz,
(14:22):
Seattle and who'd I say to Seattleand whole the other team? Philadelphia and
New England, New England, NewEngland, Seattle. They know how to
how to accumulate drafts. How aboutthe owner GM, how is he at
doing that? You know what peoplealways come at. People always come at
Double Ja And I tell people this. People are frustrated with Double Jay because
(14:43):
the Cowboys having one nothing since Natewas there. Okay, but his job,
he has two jobs. To makesure that he has a great head
coaching position and make sure that hisrosters filled with nothing but tellent. Nobody
has ever been able to question overthe past three four years that Dallas hasn't
had one of the most talented rosters. You can't question that. That's not
(15:07):
physical me. Yeah, all thoseother characteristics you can, yeah, But
in terms of talent, they're alwaysstacked now and I think this is the
most aggressive offseason that they've had andmost productive going into the draft and now
coming out of the draft because theypicked up they picked up a real fullback.
I was just telling people. Iwas telling people on the Cowboys a
(15:28):
podcast, better what they better changedtheir perspective of Dallas's office because it's changing.
It's going back to old school.It's going back to twelve, twenty
two, twenty one, all thosesets. There's not gonna be as much
eleven in ten and all the otherjazz. You're gonna start seeing two tight
ends in the game. You're gonnastart seeing a running back in the fullback
in the game. You're gonna startseeing two running backs in the game.
(15:48):
It's gonna change up. They stillhave real fullbacks. There's there's whenever you
go out and you acquire a fullback. They didn't draft it, but they
signed the number one fullback in thedraft. They went and signed him in
free agency. His name something Hunter. He's an absolute beast supposedly, and
he likes to run through people's face. They compare him to the full back
out of name you. Yeah,I can't at the names to learn here,
(16:11):
Hunt, Yeah, I can't.I got nothing for your name.
But his name's Hunter, and he'ssupposed to be just like the forty nine
ers because what they try to dotoday tight ends right. Yeah, play
that they went out and got todo it. That's what he does,
where he goes down here and hitspeople in the mouth, just like your
boy Moose hit hit him in themouth. So it was in Moose from
Buffalo originally? Uh was was itMoose from Buffalo originally? I think he's
(16:34):
from Syracuse, New York. Sowell, yeah, he was lost for
ninth. Founders said, but weain't gonna hold you. We try to
keep we try to keep our showsrelatively tight because we want people to listen
to it all in one city,right like they're in the highway on the
highway in traffic. We don't wantpeople to have to pause it come back
to it. So we want toget to this my n I l pay.
(16:56):
What has happened to college sports overthe past years. There's initials that
everybody keeps hearing in I LL helppeople understand what the history was and what's
taking place now that's made this niltingrelevant. And please introduce yourself yea again.
Yes, my name is Brent Chapman. I'm the CEO and founder of
(17:17):
my nil pay, which is anew platform that hopefully solves some of this
problem that we're talking about or aboutthis space. So what is nil NIL
is name, image, and likeness. Essentially, it's the ability for college
student athletes to earn money while they'replaying sports right by selling their name,
(17:37):
image and likeness. So when you'rein the NFL or you're a professional sports
athlete, you get paid on yourjersey, or if you're in the video
game, or if you show upfor an autograph signing, or you do
something right in college. Before Julyof twenty twenty one, you did not.
So you're saying that Nate's college inmy college, I'm saying money off
(17:57):
of us. I'm saying that youwere player of the year for your school,
you probably would have gotten some seriousuh Brad, Yes, oh yeah,
I saw that. There you go, whatever whatever you want to put
on it. Um And I thinkpeople can argue whether you know that's fair
(18:21):
or not right. But how muchmoney would Reggie Bush had made in college?
I mean millions, right, millions, because it's what these guys are
getting now, right, three fouror five million dollars a year? And
so how would we know how wouldwe know? What I'm what I'm asking
(18:42):
is you got the ability to makeall of this legal. Yes, Reggie
Bush still made millions, but itwas illegal. Yeah, yeah, that's
right. So how do how dowe look at this and explain us how
do we do this right so thekids would be safe in the in the
colleges will be saying, yeah,well, I'll kind of explain where it
(19:03):
went initially and then kind of wherewe come in. So how it initially
started was the idea and concept Ibelieve they thought was all that stuff we
just talked about from a professional level, bring that to college. So get
a shoe deal, Bryce Young oryou know, arch Manning can get you
know that be on some trading cardsand video games and that type of stuff,
(19:25):
right, And that was fine atfirst, and that's kind of when
that was about about fourteen months ago. I came up with the concept of
this company and I was like,all right, that's great for five percent
of the student athletes. You guys, the top guys that did they go
pro, right, But what aboutwomen's athletics, what about D two,
what about D three lower D one? What about the Olympic sports? Those
(19:48):
kids aren't going to see any ofthis Sponsorshi, right, So our app
was created for them. And thenas it transpired between now and the time
that I built the product, thelife of the collective came into play.
And the collective is essentially a groupnot affiliated with the university, and they're
(20:14):
very careful to make sure that they'renot. They raise money. It can
be for profit or nonprofit, sothe nonprofit is tax deductible money. And
then they will create events for theathletes to participate in so that they can
pay them that money. So you'llhear things like they're going to pay the
guy two hundred thousand dollars a year, so they'll schedule You're gonna go to
(20:37):
these five charity events and do thesethings and you're gonna get paid on each
one. Yes, So what mynil pay does is kind of cut all
that out. So we are aplatform that allows fans to legally an NCAA
compliant direct pay student athletes. SoI mean I could show you how it
works. Yeah, yeah, thisis awesome. So Nate, um,
(21:03):
let me first, let me recordthis screen shot. Give me the name
of a player. That a collegeguy? No, no, no,
are you Michael pin X Junior?Yeah? Is that one I can spell,
so you guys can see. SoI go in here and I just
do the search. M I CH A E L pin X P E
(21:26):
n I X and X. Thereis Michael Pinex Journal Junior, University of
Washington. So right there there isSam. Yeah, they're gonna have the
screen. They're they're watching what we'redoing right now. So all I do
is I hit direct pay athlete.I say I want to send Michael fifty
(21:47):
bucks. I hit send direct payment. There's my summary. I pay sales
tax. We'll get into that ina minute. Remember I just talked about
tax deductible. No no, no, we're giving them Sam in Texas state
with their money. That's very important. Uh, we had paid. I
picked my credit card and that isit. Michael got fifty dollars. It's
(22:11):
just live just sent you. See, you don't say I never did nothing
for y'all University of Washing. Thereyou go, well I actually did it.
Yeah, like John Stock partner,your partner of tom uh who said
all of this up. He signedus a link and you know how I
(22:33):
am. I'm so scared about stufflike even with your deal with your you
know, my wife's son and thatshe signed it. I didn't send him
my wife's son. And because I'mso nervous, that was too simple,
many super easy. So that's thatwas too simple. If I don't knew
it was that simple, I wouldI would have picked me a kid out
Diana Sanders. Kid comes a quarterback. Yeah, absolutely, so that's right.
(22:55):
He's getting over a meal, sohe's okay, he doesn't so thereo
okay. Big Nate Newton comes out, Boom, he pulls on the dog
on talks. Play comes out andjust totally just murders the safety runs,
run straight through the safety's face,running back, walk straight in. Play
would have never happened if Nate didn'tdo it right. Somebody's like, man,
(23:15):
that was a heck of a blockby Nate. Man. Let's take
care of Nate. Oh, letme send him twenty bucks. Real r.
You got it? Just like that? Yep, just like that,
that quick. That took all thethirty second. What what this gentleman has
done is if any player Division one, two, three, black, college,
whatever, power five he has youin three kid, male, female
(23:40):
or whatever is in there. Yep, as long as there a college after
league student after letue n A.Yes, wow, and how does this
tie to the NC double A?How is this connected to them? I
think a good question is how isthis compliant? Compliant? Because people people
watching her, Wait a minute,that you just pay. That's no difference
(24:02):
in one hundred dollars and a happyhandshake, right, yeah, one hundred
dollar handshake. So what we doin exchange for that payment is so the
athlete will receive an email that sayshey, so he'll get that that's a
Brent sent you fifty bucks. He'llgo in and sign up for the app
and put in his checking account info, and then the money is transferred.
What we do is we send aunique piece of digital art with his name
(24:30):
and digital signature on it. Yes, yes, that is the quid pro
quo. That is the athlete issigning the piece of digital art, and
that's no different than if he signeda football, right, Okay, Now
what's very important is the nc doubleA also says it has to be a
fair market value transaction. So youcan't sign a napkin and sell it for
a million dollars. Right, Well, do you know what the IRS says.
(24:53):
The fair market value of an NFTis whatever the buyer and seller agree.
Right, So if you want tosend this young man fifty dollars or
five hundred dollars or five thousand dollars, that is permissible. Whatever you value
it at, whatever you and theplayer value it at, is what can
be sent. This is the gamechanger. This is what more importantly,
(25:19):
this is what gets all student athletes. So you talk about Title nine,
and I'm telling you, I've talkedto a lot of collectives across the country.
If it weren't for mine, I'llpay, And two or three years
you're gonna hear tons of Title nineissues. From no fault of their own.
The collectives don't have the resources tofocus on all the sports, so
(25:40):
they only focus on the big ones, basketball and football, and so all
those women's athletics are left out.All those no Olympic sports are left out.
So in two or three years,when all the money flowing in from
the collectives is coming to men's sports, there's going to be a title nine
issue. We fix that today.We're not waiting three years. We fix
it right now, and we solvethat problem for the underserved athlete. Wow,
(26:03):
you know that was too simple?How you signed up like that?
So I'm gonna try that. I'mgonna try to look into some of the
best. Thank y'all see me lookingon looking over that Tom he's I mean,
he's a he's a little physically verticallychallenge. But don't worry about me.
You think he could add you backinto that system so people could No,
I could put him intes on aONEm nine not not not, I'm
(26:23):
sure do that. Man, whatevermoney, whatever money y'all have with me,
and just think about me and man, I should put Jake Locker in
there too. Jake's good. Hegot his first good Jake, Jake got
the money. I got the guyquarterback that came after me. You know
what, man, you always braggingon yourself. I said he came after
(26:47):
me. That's true. I meaneven he brought up Josh hold On.
Yeah, Josh is not the bestquarterback. You know that. You know
I'm talking about He couldn't run withme. He ain't got myself, but
he doesn't. He probably run aboutphos seven FO six. Maybe he wasn't
a four three, that is true. Come on, Nate, they just
now starting the value casts. Likeme. He was ahead of he was
(27:08):
ahead of his time. Lamar Jacksonhunting and eighty five million dollars guarantee because
he runs a four to three andhe got a cannon tailors right here.
And I'm happy for Lamar, youknow. And I'm happy that you work
with your team so they can cancontinue to accumulate talent around you. Uh
(27:30):
So, I'm happy for Lamar.But boy, he is that that him?
What was the kid back years ago? Man? Michael Vick? Yeah,
he started doing did you you wasyou was in that type there?
Vic? No, I'm talking aboutspeed wise and you and Lamar as that
type of speed. So I don'tknow if you saw Tyreek Hill ran at
(27:52):
ten run at ten four about amonth ago on the track, right,
people were ten four? That's whatI ran in college? Wownd like that
was did you play against Randall Cunningham. Was he fast? Yeah, I
played against rand Randall was kind ofsea. He could get out, yeah,
(28:12):
because he was so good. Butreal, real quick man. Before
we get ready, head out ofwhat help us understand the sales tax?
Why sales tax? Right? Weunderstand you explain the the what you have
to exchange, right, and thevalue in terms of getting a digital receipt.
Okay, and that's compliant now becausethat's some form of actual exchange between
(28:33):
the athlete and the giver. Okay. Now, help us on the sales
tax. Why there's have to besales tax on it? So it's important
to note that my background is priorto UM doing this, I was the
chief information officer head of it forthree different financial services institutions, so most
heavily regulated industry CFPB. All thatand what I've learned is the best thing
(28:56):
to do in these situations. Andthis is such a wild Wi wild West.
People are going to get in troublefor what they're doing. You're just
starting to see it a little bit. Now, just be the first guy
out there that does everything. Sowe help every student athlete. And we're
now a regulated control platform. Soit is a taxable trackable transaction. So
(29:18):
every month I send the university allthe data that I have. So if
you got money, who you gotit from, when you got it,
and how much I send to theuniversity. No, I help us understand
from the privacy standpoint, why doesthe university need to need to know how
much money Michael Pennay's juniors making.So they're actually legally and within the So
(29:41):
there's kind of two sets. There'sa state, local, federal laws and
then you have the school rules.In the NCAA, they're required to disclose
every dollar they get back to theuniversity. Yes, and every contrapt handshakes.
Met ain't getting an you know,Eric Dickerson got a trans am.
(30:03):
We're aware of that. Yeah,but I am gonna I'm gonna make Flurry
does about it. So eventually somebodywill get gotten. Yes, it's gonna
happen. Now you know how itworks. They're gonna pick somebody they don't
like, of course, or abig example that they want to make an
example out of. But there's alot of people even though like look and
(30:29):
my conversations with all these different collectivesin universities, ninety eight percent of these
ninety nine percent of them are tryingto do the right thing. That's very
important. I think they're all tryingto help the kids are trying to do
the right thing. But you gota few turkeys in there too. At
say things that make me go,what the what? What advantage does the
university gain from this? Why?Why would the university want to get on
(30:53):
board with this. I'll tell youwhat ads have told me about my app.
They they basically say, this isawesome for fan engagement. You said
it. I'm sitting in in thewatching the volleyball game or watching the soccer
game, like women's soccer game,and I can just what a great shot,
what a great save, and Ican thank or I can appreciate that
(31:14):
athlete in real time as it happens. Right, You can, as an
alumni or a fan, contribute toan athlete that you couldn't do before.
Let's be honest, and I elsfor big corporations and wealthy donors. It's
not for average Joe that's grabbing abeer watching the game after working the nine
to five. That's not who it'sfor now. It is now it is
(31:36):
concern. It just popped in myhead, right, is there any way
for the payee right to have directcommunication with an athlete. No. So
I actually got a message on Instagramfrom an athlete that received some money from
a fan and said, hey,how can I thank the fan? Which
I thought was awesome? Right?And I explained to them that we could
(32:00):
not do that. And the reasonwe can't do that is liability reasons,
right, right? And what ifa kid go into the portal, say
a freshman at money like the kidin Texas, you know, the quarterback
to Manning kid. Yep. Whatif you go into the portal next year?
How do you? How do youkeep up with dad? Do you?
(32:22):
As? It doesn't matter because itwill catch up with him eventually.
That's a great question and it answersa lot of people ask this question.
So how we make sure there's nofraud with my na lpay is you have
to meet two criteria. You haveto be on your official university's roster sports
page, so you have to beon the universe page, and you have
to have a dottie to You can'tuse gmails in our app like old school
(32:45):
Facebook. Yeah, but but itkeeps them safe, yes, because think
about it from a technology perspective,we're using. The university is a layer
of protection, so you would haveto break into the university to have So
how does that at work? Thetransfer portal? So if you're still on
the old university's rostered page then andyou're still represented as part of that university
(33:08):
and still have an A dott etou there, then people can send you
money to that university. Right.You're you're you're listed with them. When
you move universities and you have you'reon a different rostered page, you will
be removed from that and be onthe new one. They shut down an
email quick, and they shut itdown quick. Yep, Okay, yeah,
it's awesome. Sweet man. Whatdo you want the people to know
(33:29):
that you haven't already told? That'sa great question. I didn't, actually
I didn't. I didn't think aboutthat. I think I think what I
think my NIL pay will be adifference maker that will help these student athletes
with anything. It's about awareness,right, It's about people knowing that this
exists. Right, So what Iwould say is downloaded, use it.
(33:54):
Pay somebody that from your alma materor a D two or D three school,
support them and let people know aboutit. So that we can help
these student athletes, because if wedon't spread the word, then it's just
a great idea. Tell us againwho you are and what you represent,
(34:14):
and tell us the name of theapp. Yes, slowly makes me.
I want people to know something good. That's my issue. I don't like
the nca but when they do somethinggood, I have to give them that
same passion. And if they arepart of something good, which you are
doing something good, I want youknow because I've been a killer of the
(34:37):
NCAA. Now you're linking into somethingthat can really help students. I want
to hear about it. That dearNC double A I do not support and
eight's opinions on the I want tohelp very much right here. Uh yes,
Uh Brent Chapman, Uh. Youcan look me up on LinkedIn,
Twitter, Instagram. I'm all thereif you want to reach out. Name
(34:59):
of the app is my nil paym Y n I l p A Y.
You can download it in the Ituneor the app store, Apple app
Store or Google play Store, orgo to www dot my nilpa dot com.
But we built it as an app, so your best experience is going
to be on your mobile device.What was your mission real quick before we
(35:21):
got what was your initial mission,what was your thought process, and why
did you do this? I'll beas quick as I can. My son
is in middle school. He's agood football player. We go to national
camps and I met some young gentlementhat had some nil money, and the
stories that they were sharing with me, I'm like, Nah, this ain't
right, this ain't right. Andif it's happening to these guys who are
(35:43):
quarterbacks of universities, then and it'sreally bad for everyone else. And then
I started to look into it.But if you look deep at the companies
that are in this space today,they're taking thirty forty percent from these kids.
It's there, we take, andwe don't even take. The athlete
gets ninety percent of what's paid.Three percent goes to the credit card company
(36:05):
for processing, three percent goes tothe bank as a reserve. Because I'm
a because I'm an NFT I giveten percent of that profits, which is
but roughly one percent back to theuniversity's athletic department, and I keep three
to run a company. So I'mI'm in this for the student athletes,
to help the student athletes. Thankyou now, Like I say, I've
(36:30):
not always been a big fan ofan NCA, you know that. But
when you are a part of somethinggood, I have to give love.
And I am so glad you've joinedwith this gentleman to help the student athlete.
I mean you took care Isaiah becausehe was a quarterback. Hey,
hey, I'm in a handshakes,did you get me? Never get those
(36:54):
questions answered, never go up.Awesome kudos of what you're doing. Boodles
to in my nil pay. Whatyou're doing is amazing. I wish I
had it when I was in college. My rent Nate was seven fifty five.
Wow, right in college. Myone bedroom part was this is a
long time ago, seven fifty five. My scholarship check was seven forty eight.
(37:15):
So this would have went a longway in terms of my college experience
because there's a lot of top ramenand a lot of dogs on oodles and
noodles when I was growing up.And state to state that it's very important
think about this. We're not talkingabout millions of dollars for these kids.
Five hundred bucks, thousand bucks extrasemester for these kids, D two,
(37:35):
D three or even for you makesa huge difference because Isaiah stand back.
We'll make a dollar high. Isee cut please when you can take a
pinion cut in full way, somebody'sa pants doing it. Hey, Rent,
thank you very much man for comingon show. Y'all here, Nate
(37:55):
Doggs always Hey, what do yousay? Niagara? We've done what We
flush the knave other woman. Weappreciate y'all. Well, see y'all next
time on Let Me Tell You Something. Yeah, Nate and I would like
to thank the Niagara Corporation for sponsoringtoday's episode of Let Me Tell You Something.
Niagara is the country's leading manufacturer ofwater conserving plumbing products, including toilets
(38:21):
that reduced water usage by up tosixty percent. Niagara products were originally designed
just for plumbing professionals, but they'renow available for homeowners as well, so
if you're remodeling your home or constructingnew, checkout Niagaracorp dot com to get
long lasting water savings.
Niagara as the country's leading manufacturer ofwater conserving plumbing products, including toilets that
reduced water usage by up to sixtypercent. Niagara products were originally designed just
for plumbing professionals, but they're nowavailable for homeowners as well, So if
you're remodeling your home or constructing new, checkout niagaracorp dot com to get long
(00:20):
lasting water savings. What's up,y'alls your boy as they stand back back
into building for another episode of letMe tell You Something, And y'all hear
the voice right there. That's mybig dog, no other than Big Nate
Dog. And Nate Dog. We'vebeen telling people we're gonna bring a guest
(00:42):
in. Yeah, I know theygot it. They've been hearing our mouth.
You know, the draft was comingup. We've been talking a lot
of football, and we're gonna talkmore football today. But we have to
make sure that everybody knows who ourguest is. I know he's sitting over
kind of trying to try to swellup on us one time. Nate,
you know what I'm saying. Butas a Brent Chapman with my inner way
and all pay my ni l payand we'll get into that. How are
(01:03):
you doing today, man, I'mdoing great. How you good, guys,
I'm good, Man, I'm good. I'm good. How are you
from the draft just happened? You'refeeling good? Yeah? I'm from Western
New York, so I'm a bustingwhere Western New York? And what what
what? What is? What isin West Western New York? Buffalo?
Okay, all right, what's yourwhat's your history with Buffalo? Yeah?
Let's you know, it's very fruitful, very so you believe me when I
(01:27):
go through Buffalo, the snow getsout of the way. Yeah, get
warm real quick. It is fairto say that Nate had a part in
ruining my childhood. Oh no,yeah, that was yeah man, I
don't say you man, the kidsbe weary boy to get you all right?
(01:47):
All right, Well a lot ofthings have been happening here later we've
been talking about the draft. Okay, we'll get to them in my n
N I. I'm not get usedto saying this, yeah n I Okay,
we got a lot of talk aboutas far as nil but my n
I L pay um that's gonna bewhat we're gonn touching on. Okay,
But in terms of what just tookplace, Nate, I can't go to
the draft yet. You can't talkabout the draft, you know why?
Why? Oh oh Seattle? Who? Yeah, you know ye call your
(02:15):
boy love with call where That's whatwe should have on the show. This
is a crack exactly, a crackingseat monster. Man. Nobody knows.
We don't even know about the threepercent of what's in the ocean. Name.
Yeah, you don't know what's outthere, you know, but you
know, crack. I know theDallas Stars found out. Okay, the
(02:37):
Dallas Stars found out. That's allI know. All I know that the
Dallas Stars have to find out thehard way. You do it either way,
We're gonna do it the hallway.They did it the hallway. So
how did that end up? Howdid it? Game one? Game one?
Okay, at the time of thisand this air in this filming,
Okay, Game one that's taken place. Okay. Game one was a great
game, Seattle. I think theymight have broken record. Seattle scored three
(02:59):
goals in a fifty two seconds span. Was Dallas on the ice, Dallas
was on the ice. We scored, We scored two goals and eleven seconds,
and we scored a third goal infifty two within the fifty two second
window. Wow, their hair wasspinning. They they didn't know what was
coming out. It is more tocome back, finished, h So Dallas
(03:20):
came back. Dallas came back.We went to overtime. But you know,
we gotta take care of business.And you know y'all beat them three,
five to four. Final score wasfive to four. A lot of
points for a frockey game. Itwas amazing adventure. It was awesome.
The environment was awesome. Your boy, your boy, the playmaker, he
was in the building too. Theygot a chance to bump into him.
Uh. It was. It wasa great night for for sports in general,
for competition. It was an amazingnight playoff hockey. I had to
(03:43):
say, Nate, playoff hockey issecond to none, and I know that
that, but you have to bepresent to really enjoy. Man. Nah,
you could feel it. You couldfeel it man coming through the TV,
even if you're watching at the house. I mean the intensity as a
as a personal trainer and a sportsperformance guy train those are the hardest working
athletes I've ever been around. Okay, there's their their level of intensity because
(04:05):
they playing forty five seconds spurts,They're on the ice for forty five seconds
at a time and they get off. So it's literally empty to tank.
Give me everything you have for fortyfive seconds and we'll get you out of
there. Right. So everything thatour coach has always asked us to do
in football, right, But inthe back of our head we're like,
shoot, we got fifty nine moreplays ago ran. Right in hockey is
(04:27):
legitimately give me everything you have onfor forty five seconds and then give me
off the ice and then get yourbreath. So I'm in the rotations do
to have? They got three lines, three lines, so they have three
different three cycles of five players,right, so three starting lineups, so
it's five on each side plus thegoalie. Wowie, they say in playoff
the goalie becomes huge goalies ever,so Dallas's goalie did an amazing job,
(04:53):
but he wasn't really challenged in termsof the type of shots were coming at
him. We just had hustle plays. That's how we score. Dallas putting
some dog on night, shots ongold and our goals. This guy talk
about hockey, man, This guyI like that man. That's why I
brought him on this show because Iain't multi like that. But like the
our goalie was, he was dogon spider Man. Last night. He
(05:15):
was Spider Man, I say,last night, and this is the day
we feeling. Okay, So nowwho do y'all? Who are y'all in
playing? Now? We're still playingthe Stars best in seventh series? Okay.
So also been game one that wasy'all beat the first set of folks.
That's right, the defending champs,the Stanley Cup champs from last year.
We knocked him out. The ColoradoAvalanche knocked him out. Go home,
early vacation. So y'all lived downthe might in the mountains in the
(05:39):
Avalanche rolling. We didn't We didn'teven go home. Wow, yeah,
the Avalanche. We just we justrolled the Avalanche down the Dallas. Oh
okay, now day, I'm nota hockey person that y'all can tell my
man over there, it was ahockey person. So we got two hockeys
in no hockey the same. SoSeattle's in the build. I had to
say that before we got going intothis thing. But big dog, we've
(06:00):
been talking about it, right,and we'll get you in here on on
a conversation as well. What's yourwhat's your NFL team that you reaped for
Buffalo Bells. Buffalo Bells O BuffaloWho? Yeah? Yeah, did y'all
have a good draft? Um witha hesitation, Nate hesitation. Yes,
part of our draft was successful becausewe jumped up and kind of screwed the
Cowboys a little bit and got theguy they wanted. Who was that?
(06:24):
The Dalton kincaide from Utah? Sothe guys they wanted me and him wanted
some one different. Yeah. Well, my philosophy on the draft never changes.
So you guys aren't You guys aren'trolling with Knox no more. I
thought he was your tight end.We need we need multiple We have Josh
Allen. He throws it to everybody. Yeah, I got who we have
Josh Allen? You know the bestquarterback? I'm sorry, said the best?
(06:46):
The best? Oh my gosh,was that like th h or Dao?
That's that's that's the arrogant of NewYork Western? Where's the tay Bold,
Nate. Let's get the Western NewYork nat Western New York all right?
So I agree that he's in thetop five quarterbacks in the league.
I can't put him at number one. I cannot put him at number one
(07:09):
well, that's just my talking.What he'll say is though, and I
agree with Nate on this. Myphilosophy on the draft is, unless you're
getting a franchise quarterback Patrick Mahomes,etc. You should always draft offensive lineman
or defensive lineman that like in thefirst round. And that's what I would
do if I was a GM mightbe like the Cowboys a few years ago,
like every year it was an offensivelineman. It was an offensive linement
(07:31):
and they proved it out right.They had a sweet line for years.
And uh, I don't know whymore people don't do that, because that's
where it matters. Look at JoshAllen. He struggled last year because he
was getting killed. So you knowwhat, when when I when I saw
your boy, the playmaker aka misterMichael irv Right, and we talked to
that for about fifteen minutes down inthe parking garage. He said the same
(07:53):
thing. You know. He toldme. He said he wants a He
wanted a big, nasty left guardthat eat sleeps in. Yeah, that's
all he said. He you know, years and years I beg for a
d tackle. I mean for twelveyears. Literally, I'm like, let's
get a big d tackle. Nowwhen we need a guard, a guard,
(08:20):
not a guard that can play aguard, just a guy that can
get in there, a little bitof athletics, a whole lot of physical
toughness and smart you can do.Name is Kody Mark. He from North
Dakota. I already had him picked, but hey, they didn't want so.
So overall, how are you feelingabout the draft night? They got
(08:41):
Dallas Cowboys, they got they gotthe big greasy uh. They got a
tight end that can block so uh. And I'm not looking past the draft.
I'm not looking past those other guys. More power to him, But
the first two guys should play eightyeighty percent of the time. Not no
(09:05):
rotation pieces. These dudes are rotationpieces. We we failed, miss we
failed. And so my first ourfirst two picks, and you shouldn't.
A draft is complete all the waythrough, you know, free agency included.
But these first two guys have tohave an impact because up until last
(09:26):
year, we were getting gashed inevery playoff game. If you wanted to
beat the Cowboys running football, andthen if you wanted to really beat the
Cowboys, don't let them run atall. So I'm good with this draft.
I'm hitting them at probably people someabout be minest I got him out
of eight. I got him coveringcause this looks like somebody drafted with with
(09:52):
a purpose instead of saying, hey, look at it, we're gonna be
Hollywood and West Texas, Hollywood andCentral Texas. You know, did you
guys have a first round pick inBill's Mafia? Yeah, we did what
y'all do with it. We movedup two spots to get Dalton Kincaid.
Okay, so you gotta take thetight end in the first round. Yeah,
okay. Was that y'all's need orwas that yaw's one? No,
(10:15):
I don't think that was the need. So they weren't think protection for Josh
Allen was the need, and theyin the second round they got a big
boy from Florida, O Cyrus.He was the first round. Let me
say something, the first round grade. Yeah, first round grade. Let
me say something, partner, andJosh Allen is his name. He his
(10:39):
own worst enemy. Josh Allen betterunderstand running backs. That's what they do.
Run with the ball. He needsto stop. He is own worst
enemy. I'm telling you that y'allrun people over and thinking about it,
(11:00):
I don't care. He has theability in the arm and now the knowledge
to win games darting it. Yeah, he needs to take advantage of that.
He want to show he tough mate. Well, Isaiah, you're a
QB. Tell what is it like? I mean I say this. That
was a different type of QB.Though josh Allen didn't have my speed.
Okay, So so that Josh Allentries to prove that he's a big physical
(11:24):
being, I want to do that. I wanted to outrun you. I
just I played with cats like youweren't gonna catch me, you know what
I mean? And then when youdid think that you catch me, then
I'll make sure that I'm the hittur and said the hit t right.
I would, I would lay ahit. But I had a coach by
the name of Tyrone willyham yep whotold told me to start sliding. And
I was like slide growing up ina hood and that that's a that's soft.
(11:46):
You know what. I ain't sliding. What I look like sliding.
I gotta go back neighborhood. AndCat's talking about all you up there just
sliding laying down, not getting nottaking a hit. So I looked at
coach, are you crazy? Andit is in the middle of the game.
He said, start getting down.If you don't get down, I'm
gonna take you out the game.And he had the serious, the most
serious look in his face, andthere was there was no no doubt that
he was being one hundred percent withme. So I had to start sliding.
(12:09):
And I almost blew my knee outtrying to slide because I didn't know
how to do it the proper,the proper way to justice. He was
trying to protect because he knew ifhe lost me, it was gonna be
say something. Man, somebody bettertell Josh starts sliding, because you are
the France. He is a truefranchisse quarterback. He ain't. He ain't
one of those run first, uhthlow second. He can throw them about.
(12:33):
He gotta side taking advantage of that, and they got receivers around him.
So yeah, he back taking advantageof that. All right. So
what would you give the Buffalo Billsgrade overall? I mean, I think
we only had like five picks orsomething. It don't matter what you did
with him, how you feel aboutgreat. I don't like grading drafts,
right, It's so I'm like Ihate to say it, but I'm one
of these. I don't like creditscords, but I gotta have it.
(12:54):
I gotta. I can't, Ican. I can grade the draft from
Nate was in and that was rightnow and whatever. Sorry, Nate,
I don't I don't remember what you'redrafted. Grade that draft. I can
grade your draft, but how canI grade something that happened. They haven't
even put on the pads yet.I agree, So I guess it is
(13:15):
your perspective. I think they didgood. They addressed some needs um,
but they went out Lineman, Soall right, we'll see. I'll see
how it works, right. Ithink it's up here for them. All
right, I'm gonna see what BillsMafia does. Cowboys Nation. Nate gave
my AI gave a what you're gonnaget Seattle. He always tried to get
around Seattle. Seattle got a absolutelyyes, Well, y'all don't know who
(13:37):
they drafted, doesn't nobody, nobodyever knows what Seattle does in the draft.
But we always successful with Well,y'all got a nice corner at the
noise. Somebody yeah, yeah,yeah, Snyder knows what the heck you're
doing up. Always have people listenup. There's a handful of organizations that
people try to mimic their stout inthe draft. Okay, New England's one
of them. Yeah, Seattle's anotherone. Those two teams and Philadelphia,
(14:01):
Now you have to throw Philadelphia inthat hat. Now, they know how
to team. They know how tobuild a dog on roster. Now,
ye, Kansas's proven it, right, Yeah, they just keep recycling.
Kens City's doing it, but theyKansas City is sneaky with it. kNs
City's very sneaky with it. Butin terms of acquiring draft equity and dropping,
you know, obviously acquiring more pigsand all that kind of jazz,
(14:22):
Seattle and who'd I say to Seattleand whole the other team? Philadelphia and
New England, New England, NewEngland, Seattle. They know how to
how to accumulate drafts. How aboutthe owner GM, how is he at
doing that? You know what peoplealways come at. People always come at
Double Ja And I tell people this. People are frustrated with Double Jay because
(14:43):
the Cowboys having one nothing since Natewas there. Okay, but his job,
he has two jobs. To makesure that he has a great head
coaching position and make sure that hisrosters filled with nothing but tellent. Nobody
has ever been able to question overthe past three four years that Dallas hasn't
had one of the most talented rosters. You can't question that. That's not
(15:07):
physical me. Yeah, all thoseother characteristics you can, yeah, But
in terms of talent, they're alwaysstacked now and I think this is the
most aggressive offseason that they've had andmost productive going into the draft and now
coming out of the draft because theypicked up they picked up a real fullback.
I was just telling people. Iwas telling people on the Cowboys a
(15:28):
podcast, better what they better changedtheir perspective of Dallas's office because it's changing.
It's going back to old school.It's going back to twelve, twenty
two, twenty one, all thosesets. There's not gonna be as much
eleven in ten and all the otherjazz. You're gonna start seeing two tight
ends in the game. You're gonnastart seeing a running back in the fullback
in the game. You're gonna startseeing two running backs in the game.
(15:48):
It's gonna change up. They stillhave real fullbacks. There's there's whenever you
go out and you acquire a fullback. They didn't draft it, but they
signed the number one fullback in thedraft. They went and signed him in
free agency. His name something Hunter. He's an absolute beast supposedly, and
he likes to run through people's face. They compare him to the full back
out of name you. Yeah,I can't at the names to learn here,
(16:11):
Hunt, Yeah, I can't.I got nothing for your name.
But his name's Hunter, and he'ssupposed to be just like the forty nine
ers because what they try to dotoday tight ends right. Yeah, play
that they went out and got todo it. That's what he does,
where he goes down here and hitspeople in the mouth, just like your
boy Moose hit hit him in themouth. So it was in Moose from
Buffalo originally? Uh was was itMoose from Buffalo originally? I think he's
(16:34):
from Syracuse, New York. Sowell, yeah, he was lost for
ninth. Founders said, but weain't gonna hold you. We try to
keep we try to keep our showsrelatively tight because we want people to listen
to it all in one city,right like they're in the highway on the
highway in traffic. We don't wantpeople to have to pause it come back
to it. So we want toget to this my n I l pay.
(16:56):
What has happened to college sports overthe past years. There's initials that
everybody keeps hearing in I LL helppeople understand what the history was and what's
taking place now that's made this niltingrelevant. And please introduce yourself yea again.
Yes, my name is Brent Chapman. I'm the CEO and founder of
(17:17):
my nil pay, which is anew platform that hopefully solves some of this
problem that we're talking about or aboutthis space. So what is nil NIL
is name, image, and likeness. Essentially, it's the ability for college
student athletes to earn money while they'replaying sports right by selling their name,
(17:37):
image and likeness. So when you'rein the NFL or you're a professional sports
athlete, you get paid on yourjersey, or if you're in the video
game, or if you show upfor an autograph signing, or you do
something right in college. Before Julyof twenty twenty one, you did not.
So you're saying that Nate's college inmy college, I'm saying money off
(17:57):
of us. I'm saying that youwere player of the year for your school,
you probably would have gotten some seriousuh Brad, Yes, oh yeah,
I saw that. There you go, whatever whatever you want to put
on it. Um And I thinkpeople can argue whether you know that's fair
(18:21):
or not right. But how muchmoney would Reggie Bush had made in college?
I mean millions, right, millions, because it's what these guys are
getting now, right, three fouror five million dollars a year? And
so how would we know how wouldwe know? What I'm what I'm asking
(18:42):
is you got the ability to makeall of this legal. Yes, Reggie
Bush still made millions, but itwas illegal. Yeah, yeah, that's
right. So how do how dowe look at this and explain us how
do we do this right so thekids would be safe in the in the
colleges will be saying, yeah,well, I'll kind of explain where it
(19:03):
went initially and then kind of wherewe come in. So how it initially
started was the idea and concept Ibelieve they thought was all that stuff we
just talked about from a professional level, bring that to college. So get
a shoe deal, Bryce Young oryou know, arch Manning can get you
know that be on some trading cardsand video games and that type of stuff,
(19:25):
right, And that was fine atfirst, and that's kind of when
that was about about fourteen months ago. I came up with the concept of
this company and I was like,all right, that's great for five percent
of the student athletes. You guys, the top guys that did they go
pro, right, But what aboutwomen's athletics, what about D two,
what about D three lower D one? What about the Olympic sports? Those
(19:48):
kids aren't going to see any ofthis Sponsorshi, right, So our app
was created for them. And thenas it transpired between now and the time
that I built the product, thelife of the collective came into play.
And the collective is essentially a groupnot affiliated with the university, and they're
(20:14):
very careful to make sure that they'renot. They raise money. It can
be for profit or nonprofit, sothe nonprofit is tax deductible money. And
then they will create events for theathletes to participate in so that they can
pay them that money. So you'llhear things like they're going to pay the
guy two hundred thousand dollars a year, so they'll schedule You're gonna go to
(20:37):
these five charity events and do thesethings and you're gonna get paid on each
one. Yes, So what mynil pay does is kind of cut all
that out. So we are aplatform that allows fans to legally an NCAA
compliant direct pay student athletes. SoI mean I could show you how it
works. Yeah, yeah, thisis awesome. So Nate, um,
(21:03):
let me first, let me recordthis screen shot. Give me the name
of a player. That a collegeguy? No, no, no,
are you Michael pin X Junior?Yeah? Is that one I can spell,
so you guys can see. SoI go in here and I just
do the search. M I CH A E L pin X P E
(21:26):
n I X and X. Thereis Michael Pinex Journal Junior, University of
Washington. So right there there isSam. Yeah, they're gonna have the
screen. They're they're watching what we'redoing right now. So all I do
is I hit direct pay athlete.I say I want to send Michael fifty
(21:47):
bucks. I hit send direct payment. There's my summary. I pay sales
tax. We'll get into that ina minute. Remember I just talked about
tax deductible. No no, no, we're giving them Sam in Texas state
with their money. That's very important. Uh, we had paid. I
picked my credit card and that isit. Michael got fifty dollars. It's
(22:11):
just live just sent you. See, you don't say I never did nothing
for y'all University of Washing. Thereyou go, well I actually did it.
Yeah, like John Stock partner,your partner of tom uh who said
all of this up. He signedus a link and you know how I
(22:33):
am. I'm so scared about stufflike even with your deal with your you
know, my wife's son and thatshe signed it. I didn't send him
my wife's son. And because I'mso nervous, that was too simple,
many super easy. So that's thatwas too simple. If I don't knew
it was that simple, I wouldI would have picked me a kid out
Diana Sanders. Kid comes a quarterback. Yeah, absolutely, so that's right.
(22:55):
He's getting over a meal, sohe's okay, he doesn't so thereo
okay. Big Nate Newton comes out, Boom, he pulls on the dog
on talks. Play comes out andjust totally just murders the safety runs,
run straight through the safety's face,running back, walk straight in. Play
would have never happened if Nate didn'tdo it right. Somebody's like, man,
(23:15):
that was a heck of a blockby Nate. Man. Let's take
care of Nate. Oh, letme send him twenty bucks. Real r.
You got it? Just like that? Yep, just like that,
that quick. That took all thethirty second. What what this gentleman has
done is if any player Division one, two, three, black, college,
whatever, power five he has youin three kid, male, female
(23:40):
or whatever is in there. Yep, as long as there a college after
league student after letue n A.Yes, wow, and how does this
tie to the NC double A?How is this connected to them? I
think a good question is how isthis compliant? Compliant? Because people people
watching her, Wait a minute,that you just pay. That's no difference
(24:02):
in one hundred dollars and a happyhandshake, right, yeah, one hundred
dollar handshake. So what we doin exchange for that payment is so the
athlete will receive an email that sayshey, so he'll get that that's a
Brent sent you fifty bucks. He'llgo in and sign up for the app
and put in his checking account info, and then the money is transferred.
What we do is we send aunique piece of digital art with his name
(24:30):
and digital signature on it. Yes, yes, that is the quid pro
quo. That is the athlete issigning the piece of digital art, and
that's no different than if he signeda football, right, Okay, Now
what's very important is the nc doubleA also says it has to be a
fair market value transaction. So youcan't sign a napkin and sell it for
a million dollars. Right, Well, do you know what the IRS says.
(24:53):
The fair market value of an NFTis whatever the buyer and seller agree.
Right, So if you want tosend this young man fifty dollars or
five hundred dollars or five thousand dollars, that is permissible. Whatever you value
it at, whatever you and theplayer value it at, is what can
be sent. This is the gamechanger. This is what more importantly,
(25:19):
this is what gets all student athletes. So you talk about Title nine,
and I'm telling you, I've talkedto a lot of collectives across the country.
If it weren't for mine, I'llpay, And two or three years
you're gonna hear tons of Title nineissues. From no fault of their own.
The collectives don't have the resources tofocus on all the sports, so
(25:40):
they only focus on the big ones, basketball and football, and so all
those women's athletics are left out.All those no Olympic sports are left out.
So in two or three years,when all the money flowing in from
the collectives is coming to men's sports, there's going to be a title nine
issue. We fix that today.We're not waiting three years. We fix
it right now, and we solvethat problem for the underserved athlete. Wow,
(26:03):
you know that was too simple?How you signed up like that?
So I'm gonna try that. I'mgonna try to look into some of the
best. Thank y'all see me lookingon looking over that Tom he's I mean,
he's a he's a little physically verticallychallenge. But don't worry about me.
You think he could add you backinto that system so people could No,
I could put him intes on aONEm nine not not not, I'm
(26:23):
sure do that. Man, whatevermoney, whatever money y'all have with me,
and just think about me and man, I should put Jake Locker in
there too. Jake's good. Hegot his first good Jake, Jake got
the money. I got the guyquarterback that came after me. You know
what, man, you always braggingon yourself. I said he came after
(26:47):
me. That's true. I meaneven he brought up Josh hold On.
Yeah, Josh is not the bestquarterback. You know that. You know
I'm talking about He couldn't run withme. He ain't got myself, but
he doesn't. He probably run aboutphos seven FO six. Maybe he wasn't
a four three, that is true. Come on, Nate, they just
now starting the value casts. Likeme. He was ahead of he was
(27:08):
ahead of his time. Lamar Jacksonhunting and eighty five million dollars guarantee because
he runs a four to three andhe got a cannon tailors right here.
And I'm happy for Lamar, youknow. And I'm happy that you work
with your team so they can cancontinue to accumulate talent around you. Uh
(27:30):
So, I'm happy for Lamar.But boy, he is that that him?
What was the kid back years ago? Man? Michael Vick? Yeah,
he started doing did you you wasyou was in that type there?
Vic? No, I'm talking aboutspeed wise and you and Lamar as that
type of speed. So I don'tknow if you saw Tyreek Hill ran at
(27:52):
ten run at ten four about amonth ago on the track, right,
people were ten four? That's whatI ran in college? Wownd like that
was did you play against Randall Cunningham. Was he fast? Yeah, I
played against rand Randall was kind ofsea. He could get out, yeah,
(28:12):
because he was so good. Butreal, real quick man. Before
we get ready, head out ofwhat help us understand the sales tax?
Why sales tax? Right? Weunderstand you explain the the what you have
to exchange, right, and thevalue in terms of getting a digital receipt.
Okay, and that's compliant now becausethat's some form of actual exchange between
(28:33):
the athlete and the giver. Okay. Now, help us on the sales
tax. Why there's have to besales tax on it? So it's important
to note that my background is priorto UM doing this, I was the
chief information officer head of it forthree different financial services institutions, so most
heavily regulated industry CFPB. All thatand what I've learned is the best thing
(28:56):
to do in these situations. Andthis is such a wild Wi wild West.
People are going to get in troublefor what they're doing. You're just
starting to see it a little bit. Now, just be the first guy
out there that does everything. Sowe help every student athlete. And we're
now a regulated control platform. Soit is a taxable trackable transaction. So
(29:18):
every month I send the university allthe data that I have. So if
you got money, who you gotit from, when you got it,
and how much I send to theuniversity. No, I help us understand
from the privacy standpoint, why doesthe university need to need to know how
much money Michael Pennay's juniors making.So they're actually legally and within the So
(29:41):
there's kind of two sets. There'sa state, local, federal laws and
then you have the school rules.In the NCAA, they're required to disclose
every dollar they get back to theuniversity. Yes, and every contrapt handshakes.
Met ain't getting an you know,Eric Dickerson got a trans am.
(30:03):
We're aware of that. Yeah,but I am gonna I'm gonna make Flurry
does about it. So eventually somebodywill get gotten. Yes, it's gonna
happen. Now you know how itworks. They're gonna pick somebody they don't
like, of course, or abig example that they want to make an
example out of. But there's alot of people even though like look and
(30:29):
my conversations with all these different collectivesin universities, ninety eight percent of these
ninety nine percent of them are tryingto do the right thing. That's very
important. I think they're all tryingto help the kids are trying to do
the right thing. But you gota few turkeys in there too. At
say things that make me go,what the what? What advantage does the
university gain from this? Why?Why would the university want to get on
(30:53):
board with this. I'll tell youwhat ads have told me about my app.
They they basically say, this isawesome for fan engagement. You said
it. I'm sitting in in thewatching the volleyball game or watching the soccer
game, like women's soccer game,and I can just what a great shot,
what a great save, and Ican thank or I can appreciate that
(31:14):
athlete in real time as it happens. Right, You can, as an
alumni or a fan, contribute toan athlete that you couldn't do before.
Let's be honest, and I elsfor big corporations and wealthy donors. It's
not for average Joe that's grabbing abeer watching the game after working the nine
to five. That's not who it'sfor now. It is now it is
(31:36):
concern. It just popped in myhead, right, is there any way
for the payee right to have directcommunication with an athlete. No. So
I actually got a message on Instagramfrom an athlete that received some money from
a fan and said, hey,how can I thank the fan? Which
I thought was awesome? Right?And I explained to them that we could
(32:00):
not do that. And the reasonwe can't do that is liability reasons,
right, right? And what ifa kid go into the portal, say
a freshman at money like the kidin Texas, you know, the quarterback
to Manning kid. Yep. Whatif you go into the portal next year?
How do you? How do youkeep up with dad? Do you?
(32:22):
As? It doesn't matter because itwill catch up with him eventually.
That's a great question and it answersa lot of people ask this question.
So how we make sure there's nofraud with my na lpay is you have
to meet two criteria. You haveto be on your official university's roster sports
page, so you have to beon the universe page, and you have
to have a dottie to You can'tuse gmails in our app like old school
(32:45):
Facebook. Yeah, but but itkeeps them safe, yes, because think
about it from a technology perspective,we're using. The university is a layer
of protection, so you would haveto break into the university to have So
how does that at work? Thetransfer portal? So if you're still on
the old university's rostered page then andyou're still represented as part of that university
(33:08):
and still have an A dott etou there, then people can send you
money to that university. Right.You're you're you're listed with them. When
you move universities and you have you'reon a different rostered page, you will
be removed from that and be onthe new one. They shut down an
email quick, and they shut itdown quick. Yep, Okay, yeah,
it's awesome. Sweet man. Whatdo you want the people to know
(33:29):
that you haven't already told? That'sa great question. I didn't, actually
I didn't. I didn't think aboutthat. I think I think what I
think my NIL pay will be adifference maker that will help these student athletes
with anything. It's about awareness,right, It's about people knowing that this
exists. Right, So what Iwould say is downloaded, use it.
(33:54):
Pay somebody that from your alma materor a D two or D three school,
support them and let people know aboutit. So that we can help
these student athletes, because if wedon't spread the word, then it's just
a great idea. Tell us againwho you are and what you represent,
(34:14):
and tell us the name of theapp. Yes, slowly makes me.
I want people to know something good. That's my issue. I don't like
the nca but when they do somethinggood, I have to give them that
same passion. And if they arepart of something good, which you are
doing something good, I want youknow because I've been a killer of the
(34:37):
NCAA. Now you're linking into somethingthat can really help students. I want
to hear about it. That dearNC double A I do not support and
eight's opinions on the I want tohelp very much right here. Uh yes,
Uh Brent Chapman, Uh. Youcan look me up on LinkedIn,
Twitter, Instagram. I'm all thereif you want to reach out. Name
(34:59):
of the app is my nil paym Y n I l p A Y.
You can download it in the Ituneor the app store, Apple app
Store or Google play Store, orgo to www dot my nilpa dot com.
But we built it as an app, so your best experience is going
to be on your mobile device.What was your mission real quick before we
(35:21):
got what was your initial mission,what was your thought process, and why
did you do this? I'll beas quick as I can. My son
is in middle school. He's agood football player. We go to national
camps and I met some young gentlementhat had some nil money, and the
stories that they were sharing with me, I'm like, Nah, this ain't
right, this ain't right. Andif it's happening to these guys who are
(35:43):
quarterbacks of universities, then and it'sreally bad for everyone else. And then
I started to look into it.But if you look deep at the companies
that are in this space today,they're taking thirty forty percent from these kids.
It's there, we take, andwe don't even take. The athlete
gets ninety percent of what's paid.Three percent goes to the credit card company
(36:05):
for processing, three percent goes tothe bank as a reserve. Because I'm
a because I'm an NFT I giveten percent of that profits, which is
but roughly one percent back to theuniversity's athletic department, and I keep three
to run a company. So I'mI'm in this for the student athletes,
to help the student athletes. Thankyou now, Like I say, I've
(36:30):
not always been a big fan ofan NCA, you know that. But
when you are a part of somethinggood, I have to give love.
And I am so glad you've joinedwith this gentleman to help the student athlete.
I mean you took care Isaiah becausehe was a quarterback. Hey,
hey, I'm in a handshakes,did you get me? Never get those
(36:54):
questions answered, never go up.Awesome kudos of what you're doing. Boodles
to in my nil pay. Whatyou're doing is amazing. I wish I
had it when I was in college. My rent Nate was seven fifty five.
Wow, right in college. Myone bedroom part was this is a
long time ago, seven fifty five. My scholarship check was seven forty eight.
(37:15):
So this would have went a longway in terms of my college experience
because there's a lot of top ramenand a lot of dogs on oodles and
noodles when I was growing up.And state to state that it's very important
think about this. We're not talkingabout millions of dollars for these kids.
Five hundred bucks, thousand bucks extrasemester for these kids, D two,
(37:35):
D three or even for you makesa huge difference because Isaiah stand back.
We'll make a dollar high. Isee cut please when you can take a
pinion cut in full way, somebody'sa pants doing it. Hey, Rent,
thank you very much man for comingon show. Y'all here, Nate
(37:55):
Doggs always Hey, what do yousay? Niagara? We've done what We
flush the knave other woman. Weappreciate y'all. Well, see y'all next
time on Let Me Tell You Something. Yeah, Nate and I would like
to thank the Niagara Corporation for sponsoringtoday's episode of Let Me Tell You Something.
Niagara is the country's leading manufacturer ofwater conserving plumbing products, including toilets
(38:21):
that reduced water usage by up tosixty percent. Niagara products were originally designed
just for plumbing professionals, but they'renow available for homeowners as well, so
if you're remodeling your home or constructingnew, checkout Niagaracorp dot com to get
long lasting water savings.
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