Thread: Football Gervon Dexter sues to get out of 25 year NIL Deal.
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Old 09-06-2023, 05:06 PM   #16
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Quote:
Originally Posted by raybec 4 View Post
It seems less of an NIL issue and more of a usury issue. I am not sure what they used his name/likeness for to make it an NIL agreement as much as it is just a loan.
Usury is difficult to argue when there's no guaranteed return.

But most of the time usury becomes a thing north of 17% or so. Some states are lower but maybe 15%?

I mean you're doubling every 4 years at 17%, give or take. So that 400k becomes 1.75 million by 2030. With no guarantee of any second contract, how can you call it usurious when you may not even get a 15% ROR over the useful life of the deal?

It requires a lot of speculation and contract law LOATHES speculation.
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