Kendrick Perkins' Nilly: Predatory Payday Loans for College Athletes?

Kendrick Perkins, co-founder of Nilly, is facing scrutiny for his company's business model, which offers upfront payments to student athletes in exchange for a significant cut of their future earnings. Is this payday loan for college athletes predatory? With contracts locking players into seven-year agreements, are these young stars being taken advantage of?

ESPN Story: https://www.espn.com/college-sports/story/_/id/41664466/nilly-nil-company-college-athletes-kendrick-perkins-consumer-protection-experts