# NIL isn't Bullsh*t (the old system was) | Business is Bullsh*t Ep   33

Page: https://stenobird.com/podcast/business-is-bullshit-7096260/nil-isn-t-bullsh-t-the-old-system-was-business-is-bullsh-t-ep-33
Text version: https://stenobird.com/podcast/business-is-bullshit-7096260/nil-isn-t-bullsh-t-the-old-system-was-business-is-bullsh-t-ep-33.md
Podcast: [Business is Bullshit](https://stenobird.com/podcast/business-is-bullshit-7096260)
Published: 2026-04-24T03:45:00+00:00
Episode link: https://385b4acf-6355-4b46-a0c4-d76e364bf60a.libsyn.com/nil-isnt-bullsht-business-is-bullsht-ep-33
Audio file: https://traffic.libsyn.com/secure/385b4acf-6355-4b46-a0c4-d76e364bf60a/BIBS_Ep._33.m4a?dest-id=4726657
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JSON: https://stenobird.com/v1/public/podcasts/business-is-bullshit-7096260/episodes/nil-isn-t-bullsh-t-the-old-system-was-business-is-bullsh-t-ep-33
Duration seconds: 2589

## Resource

College sports aren't broken. They're just finally honest. In Episode 33, we get into NIL, revenue sharing, and the chaos behind the scenes that most fans don't actually understand. We break down the difference between NIL, which is outside money, and revenue sharing, which is schools paying players directly. Two completely different systems that everyone keeps mixing up. We also get into how booster collectives really work, and why this whole thing looks a lot like the old bag of cash days, just with contracts now. But the real shift is recruiting. It's no longer about selling the dream. It's about paying for production and not getting it wrong. Schools that can actually evaluate talent win. Schools that just throw money around are burning cash. Inside this episode: ***Why sitting on the bench now literally costs players money ***How the transfer portal turned into free agency ***Why some programs are winning and others are completely lost ***The myth of loyalty in college sports ***And the fan mindset that might be the most delusional part of all There's a lot of noise about NIL ruining college sports. The truth is a little different. The system didn't get worse. It just got exposed. And as always… business is bullsh*t. Check out our other episodes: - Apple: https://bit.ly/3YOQrYT - Spotify: https://spoti.fi/4lHXLzk - YouTube: https://bit.ly/42q0vtM

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