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re: On Paying College Football Players.
Posted on 9/9/15 at 9:56 am to pvilleguru
Posted on 9/9/15 at 9:56 am to pvilleguru
quote:
Or, you know, just let them make money off their name.
While I'm certainly for the principle behind this, the actual practice would be a colossal clusterfrick. Most athletes come from poverty (as the link in the OP states) and have little to no financial literacy of their own, let alone the ability to locate a trustworthy financial manager and/or agaent to deal with Nike, EA, Under Armour, Gatorade, etc. in their stead. Add to the equation the fact that these students have absolutely 0 time to deal with all of that on top of schedules that have them working from 5AM to 10PM throughout the week and it would cause a lot more harm than good.
Hence, I say let the schools continue to deal with those brands but compensate the athletes accordingly: everyone gets a base cut and guys like Gurley or Amari Cooper or Jameis who are the so-called figureheads of a program (or whose numbers appear on Nike jersies, for example) get an additional cut added. I say pay it out as a trust to reduce distraction during the college years but I also understand that a lot of these guys have families they want to help out right now so I could certainly see paying it out as a quarterly or bi-annual payment.
3
Posted on 9/9/15 at 10:10 am to tylerdurden24
quote:
figureheads for the program
Kind of a broad definition and I'm afraid many schools will a different meanings to this term and all sorts of sleazy deals will be cut.
I can see a schools like Oregon and even Maryland (UnderArmor) cutting all sorts of likeness deals with HS
kids and future recruits.
Posted on 9/9/15 at 10:12 am to tylerdurden24
quote:
Most athletes come from poverty
Incorrect. Most athletes come from middle class homes.
Posted on 9/9/15 at 10:12 am to RD Dawg
Sleazy people are going to be sleazy no matter what you do. It's just the territory of big-money athletics. So, put a system into place to calculate what percentage of profit a specific athlete should garner for their jersey sales (in this case) and pay them that. If a school funnels a little bit more their way than that payment, oh well. Let the NCAA try to catch them. Same as it ever was.
Posted on 9/9/15 at 10:13 am to StopRobot
quote:
Incorrect. Most athletes come from middle class homes.
Fine. Many football and basketball players come from impoverished circumstances. Better?
Posted on 9/9/15 at 10:16 am to tylerdurden24
quote:
Fine. Many football and basketball players come from impoverished circumstances. Better?
Better...carry on
Posted on 9/9/15 at 10:16 am to StopRobot
Schools spend a ridiculous amount on student athletes. I know for UGA, the average student gets spent about 10,000 a year by the university. The average student athlete has 120,000 spent on them a year. They are getting a tremendous service. I do agree they should be able to make money off their name and there's plenty of ncaa bullshite but this narrative that their not treated like royalty is bs.
Posted on 9/9/15 at 10:18 am to tylerdurden24
quote:
While I'm certainly for the principle behind this, the actual practice would be a colossal clusterfrick. Most athletes come from poverty (as the link in the OP states) and have little to no financial literacy of their own, let alone the ability to locate a trustworthy financial manager and/or agaent to deal with Nike, EA, Under Armour, Gatorade, etc. in their stead. Add to the equation the fact that these students have absolutely 0 time to deal with all of that on top of schedules that have them working from 5AM to 10PM throughout the week and it would cause a lot more harm than good.
So? Isn't it their responsibility? Perhaps put that college education to good use.
Stupid people will make stupid decisions. Thats life. But it is their decision to make. Let them make it.
Posted on 9/9/15 at 10:28 am to 5thTiger
quote:
Stupid people will make stupid decisions. Thats life. But it is their decision to make. Let them make it.
But it is also a collective responsibility of the administrations at schools to monitor and cater to student well being. Given the unique circumstances student-athletes face, I think financial literacy and management is no different a function of an Athletics department than academic support and student life services.
It's incredibly easy to think of every athlete as being the mature-looking twenty-something in front of a camera the week before the National Title game. But if you saw them all in person, you'd realize the majority of them are the same immature fresh-out-of-high school kids that make up the rest of the college population. Imagine being given your big student loan check, knowing that you never have to pay back that debt or need to spend it on housing, food, etc., and then adding the celebrity of being a football or basketball player on top of it. You have the power to do a lot of good for yourself and your family, or to get in over your head. I'm not saying restrict them from using their money. Rather, require coaching and literacy as a condition of receiving the check.
This post was edited on 9/9/15 at 10:33 am
Posted on 9/9/15 at 10:39 am to SoFla Tideroller
quote:When is the money supposed to start flowing?
I can't wait for the IRS to show up once the pay starts flowing. Nevermind the mountainous Title IX issues to be dealt with.
Posted on 9/9/15 at 10:51 am to Coeur du Tigre
Played college ball on scholarship. Learned fast how to get money. Classes, room and board is free, but your still broke. These kids probably do the same thing I did. You take student loans and that is around $20,000 a year (Depending on which school you go to).
These kids are not as broke as you think they are.
These kids are not as broke as you think they are.
This post was edited on 9/9/15 at 10:52 am
Posted on 9/9/15 at 11:00 am to MizzouBS
quote:
Played college ball on scholarship. Learned fast how to get money. Classes, room and board is free, but your still broke. These kids probably do the same thing I did. You take student loans and that is around $20,000 a year (Depending on which school you go to).
This works for kids that qualify for a Pell Grant as some compensation. Otherwise, taking out loans just leaves you with an unnecessary pile of debt waiting for you when you try to make it in the NFL/NBA/MLB.
Posted on 9/9/15 at 7:20 pm to RD Dawg
The NCAA, the NFL, and state-run institutions have made it illegal for a professional agent to make a tender offer to an amateur athlete.
I cannot start a professional football league and offer Leonard Fournette a contract without violating state law.
I cannot start a professional football league and offer Leonard Fournette a contract without violating state law.
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