Texas Tech Red Raiders football players to receive 1-year, $25K NIL contracts from the Matador Club

A week after announcing a $200 million facility project, the Texas Tech soccer team received another boost Monday when the Matador Club, a local collective, told the Lubbock Avalanche-Journal that it was giving 100 Red Raiders players a one-year contract will sign over $25,000.

The deal covers all 85 grantees plus 15 of Texas Tech’s walk-ons, according to Cody Campbell, an oil and gas executive who is a member of the Matador Club’s board of directors and a former Texas Tech offensive lineman.

Campbell said players are expected to do community and community service in the Lubbock area and payments will begin the first week of August.

“Collectives have done things in different ways,” Campbell told the paper. “You see that some of them are paying large amounts to individual players. You see others doing other things. But what we really want to do is support the whole program. This is sort of a base salary for the boys. They are not. They will be forbidden from doing other NIL things with others. In fact, we will encourage and help them to do so.

On Sunday, first-year Red Raiders coach Joey McGuire hinted at the agreement, telling reporters at the Texas High School Coaches’ Association Convention that NIL has the potential to disrupt locker rooms as incoming freshmen or valuable recruits make bigger deals could land as current starters.

“It’s not at Texas Tech,” McGuire said. “Because I don’t believe in it. I don’t think you can let someone in who has never taken a snap in red and black… I don’t get it. We won’t be. It’s going to be a pretty big Texas Tech thing where we create some equality in our dressing room. And I think that’s important.

Under Texas law, schools cannot be involved in NIL deals, so the Matador Club is an outside organization. Campbell said the club hired an NCAA attorney to help form the collective and will comply with NCAA rules that NIL deals are not used as an incentive to recruit.

“That’s a rule that a lot of people break,” Campbell said. “We absolutely will not do it. We won’t play this game. Now I am sure that if every player on our roster gets $25,000 it will be known that Texas Tech has a good NIL program that will be attractive to recruits but we will not make any promises on the front end. We won’t break any rules.

McGuire said on Sunday coaches are still learning the implications of NIL and it will be interesting to see if there is friction in the dressing rooms.

“There’s going to be a lot of coaches that have to deal with that,” McGuire said. “There will be some recruits who haven’t played. Maybe your left tackle started for you who has this [deal] and this recruit has. I won’t have to do it at Texas Tech. We won’t do it.”

The Matador Club said payments would be made monthly and would be renewed annually. And Campbell said football is just the first step.

“The Matador Club was funded by private donors,” Campbell said. “We’ve come to a point where we’ve done pretty well and are ready to sign the contracts with the football team. We plan to move forward with (men’s) basketball and baseball over the next few weeks and months.”

https://www.espn.com/college-football/story/_/id/34264551/texas-tech-red-raiders-football-players-receive-1-year-25k-nil-contracts-matador-club Texas Tech Red Raiders football players to receive 1-year, $25K NIL contracts from the Matador Club

Emma Bowman

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