irishtrain
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Most bagmen aren't associated with shoe companies, agents, etc. Quite the opposite. They are low key, don't want any attention drawn their way, and spend their time in the dark shadows. No publicity, no paper trails, no huge sums of money changing hands. In fact, most "transactions" are for small sums of money for obvious reasons. Furthermore, a lot of times cash isn't involved. It could be something as simple as mom getting a washer and dryer or the player getting a new video console. No paper, no cash, no proof.
This is the way I've heard its done-sounds like you know what you're talking about. I have heard that at certain schools the player actually has a sponsor family who has him over for dinner etc. College football has it down to a science---but maybe it will be cleaned up also. One thing for sure football needs a look. As so aptly put by IRONMIKE---they are in stealth mode and know the game inside out.