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True of Ford, Chevy/GMC and Toyota trucks...not so much Ram. Their lots are chock full in comparison.The way truck deliveries are going, they won't have the trucks for 6 months.
OK I know I've been away from accounting for a while, but 6 million divided by 85 is 70,588. For leased trucks? Hell I am confident that sticker prices to buy them aren't $70,588 per.According to Yahoo Sports' Ross Dellenger, the leases on the trucks are for six months and will be voided if the player transfers or if their eligibility expires.
The deal is said to be the most lucrative NIL agreement in history, with the 85 trucks valued at around $6 million in total.
“This is gonna give us a leg up on recruiting and that’s what it’s all about," said Utes head coach Kyle Whittingham about the record-setting deal.
Wow. Guess things have gone up since we bought our (now my) 1500 Silverado 27 years ago. Think I'll keep hanging on to it. Still runs like a champ. Those 350's are rock solid.$70K for a loaded 1/2 ton pickup is the new norm Loyal.
This isn't that hard, dude. "The trucks are valued at X." Not "the leases for the trucks will cost X."Wow. Guess things have gone up since we bought our (now my) 1500 Silverado 27 years ago. Think I'll keep hanging on to it. Still runs like a champ. Those 350's are rock solid.
Still doesn't explain it. They say the trucks are leases - not purchases. Maybe Utah is calculating it on the 4-5 years a kid will be there.
HE MUST BE PROUD OF HIMSELF FOR KILLING THE CLIMATE!According to Yahoo Sports' Ross Dellenger, the leases on the trucks are for six months and will be voided if the player transfers or if their eligibility expires.
The deal is said to be the most lucrative NIL agreement in history, with the 85 trucks valued at around $6 million in total.
“This is gonna give us a leg up on recruiting and that’s what it’s all about," said Utes head coach Kyle Whittingham about the record-setting deal.
According to Yahoo Sports' Ross Dellenger, the leases on the trucks are for six months and will be voided if the player transfers or if their eligibility expires.
The deal is said to be the most lucrative NIL agreement in history, with the 85 trucks valued at around $6 million in total.
“This is gonna give us a leg up on recruiting and that’s what it’s all about," said Utes head coach Kyle Whittingham about the record-setting deal.
And the insurance must be a huge figure. A bunch of 18-23 year olds?Based on a few guys keeping the trucks for several years and most not more than a year or two; and some only 6 months; I'm guessing that the value of the collective deal is someplace in the range of maybe 35-40% of the quoted total retail figure. For a purchase this size they would get a deal...heck, probably one or more alum dealers involved. More than likely, when a guy graduates or is cut, his truck would go to the next guy. On that basis, the full cost becomes more real, but is spread over probably 5 years (common truck lease term). All in all, I'd SWAG the NIL cost at something like $1.5 million/year. The big deal is getting someone to guarantee the full $6m. Somebody stepped up to do that. But actual annual cost? Not nearly as much as the initial figure would suggest.
It's Utah - they'll bundle it just like their wives.And the insurance must be a huge figure. A bunch of 18-23 year olds?
Also 18-23 year oldsIt's Utah - they'll bundle it just like their wives.