The four billion dollar of collegiate merchandise market, doesn't the money go back to their respective institutions that are a part of the NCAA for bigger bowl games, bigger stadiums, even more exclusive athletic facilities? I'm not defending the NCAA but someone has to foot the bill for the monstrous productions of Final 4 and BCS Bowl games right? I know the NCAA is making a tremendous profit but I highly doubt its executive members are pocketing all that cash like Wall Street bankers.
IF the money goes back to the institutions in some way, revenue sharing or what not, I don't see what the issue is especially since college education tuition is spiraling out of control.
@Paul.B.Dodd
When people say a "university" makes money off of its athletes, that's being disingenuous. It's really the athletic department that is making that money, and in turn, using it to continue operating. They all attempt to be self-sustaining. There isn't a cabal of university administrators or trustees profiting from this.
The current laissez-faire system of financial gain in college athletics teaches young men a valuable lesson: that grown-ups with boring ties in have the ability to screw you at a moment's notice.
That's actually a picture of his alter ego "Ed O'Tannen". Right after the picture was taken, he said "You want it? Go GET IT!" and threw the ball on the roof.
On the one hand, student athletes should not be getting paid anything more than their tuition and living expenses to play collegiate sports. On the other hand, the fans should have a right to purchase (I'm assuming no one will make it for free) their favorite teams gear, and support their school properly. Then, on the third hand, the NCAA should not be exploiting these kids for their own financial gains.
Maybe some sort of fund should be made that is only redeemable upon graduation? I mean, if you leave early, you've obviously got a nice paycheck coming your way. And if you don't graduate, then I say tough shit, should have focused a little more on the "student" half of student-athlete, or picked a program more interested in your needs and development as a young man. But then, since the NCAA isn't allowed to market players individually, how do you decide who gets what portion of the money? Surely Mario Chalmers has brought more money to Kansas than Brennan Bechard (who?), but who gets to say exactly how much he was worth?
Edit: Oh yeah, and who decides which athletes deserve money? Do the pole-vaulters get a check? What about the rowing team?
@Brett Benedict: You're not thinking far enough ahead. After their lawyers take a nice piece of the money, these athletes will be arguing over who gets what share, arguments that will ultimately be settled in court. Athletes will not see a dime of this, but law firms will just in time for me to collect my paycheck.
/goes back to furiously filling out law school apps
@DirkToberFest: Are you serious? If the athletes actually get the $4 billion there will still be a very sizable chunk left over after the lawyers have taken their share. Let's say David Boies puts 10 lawyers on the case. Then assume a protracted litigation, say 4 years. And each of those lawyers and associated staff bill out 2500 hours a year for a total of 100,000 billable hours. If those lawyers and staff average around $500 per billable hour that's $50 million out of a $4 billion settlement. Even if Hausfield charges the same, and they're not as white shoe as Boies Schiller Flexner so I doubt they would, that's still $3.9 billion of the amount remaining. I'm not too familiar with class actions but I assume there's some sort of expedited process for those to settle. Lawyers do fine, but if the athletes win they'll get plenty. I doubt this thing would make it to trial though.
07/22/09
IF the money goes back to the institutions in some way, revenue sharing or what not, I don't see what the issue is especially since college education tuition is spiraling out of control.
07/22/09
When people say a "university" makes money off of its athletes, that's being disingenuous. It's really the athletic department that is making that money, and in turn, using it to continue operating. They all attempt to be self-sustaining. There isn't a cabal of university administrators or trustees profiting from this.
07/22/09
Which makes me respect the NCAA more.
07/22/09
Let's leave Duke out of this.
07/22/09
We rule in favor of the NCAA.
07/22/09
07/22/09
I'd hardly count free lollipops at the drive through as reparations.
07/22/09
07/22/09
Maybe some sort of fund should be made that is only redeemable upon graduation? I mean, if you leave early, you've obviously got a nice paycheck coming your way. And if you don't graduate, then I say tough shit, should have focused a little more on the "student" half of student-athlete, or picked a program more interested in your needs and development as a young man. But then, since the NCAA isn't allowed to market players individually, how do you decide who gets what portion of the money? Surely Mario Chalmers has brought more money to Kansas than Brennan Bechard (who?), but who gets to say exactly how much he was worth?
Edit: Oh yeah, and who decides which athletes deserve money? Do the pole-vaulters get a check? What about the rowing team?
07/22/09
/goes back to furiously filling out law school apps
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06/19/09
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06/19/09
Now I know how Mr. Cooper got his teaching gig at Oakbridge High School
06/19/09