Nonprofit Matador signs entire Texas Tech football team to one-year, $25,000 contracts

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A great payday awaits football players at Texas Tech.

The matador cluba nonprofit group organized by Texas Tech donors, signed each of the football team’s 100 players to one-year contracts worth $25,000.

Cody Campbell, a founding board member of the Matador Club, told reporters on Monday that the 85 scholarship athletes and 15 of the top extras will be paid according to agreed terms. In return, players are expected to do community service and charity around Lubbock.

“Statistics show that 85% of student-athletes with full scholarships live in poverty,” reads the mission statement on the Matador Club’s website. “We want to help change that…We are creating avenues for Texas Tech student-athletes to have a positive impact with their name, image, and likeness (NIL). And our partnership with local organizations provides students -athletes of significant NIL collaborations.

In 2019, the NCAA voted to allow athletes to be compensated for the use of their name, image and likeness. So far, the NIL era has brought what some expected and others feared.

“NIL, it can go really good or really bad,” Texas Tech quarterback Donovan Smith told reporters. “Some teams think ‘we’re going to pay these guys that much, we’re going to pay them that much’.” It’s great to know that everyone is going to be paid the same. We will have no problems in the team, no fights, no disputes. It’s just exciting, I’m glad everyone can get paid and do what they need to do with their money, support their families or just not have to do Uber Eats anymore.

Campbell said the Matador Club started with football, men’s basketball and baseball, but the goal was to pay “every athlete at Texas Tech.”

“First, we need to focus on areas where competitive pressure is greatest and where the need is greatest. That’s why we started with football, men’s basketball and baseball,” Campbell said. “But as the program grows, donors come in and we get more and more financial support, people understand what we’re doing and we’re doing it the right way, we can grow.”

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