Started By
Message
re: Florida QB situation couldn’t better illustrate players being bought by NIL
Posted on 1/12/23 at 2:35 pm to Revelator
Posted on 1/12/23 at 2:35 pm to Revelator
1. It was a "pay for play" league before. NIL just legitimized it.
2. Why shouldn't a HS prospect maximize his market value? If a booster of a school is willing to give a guy 6-7 figures to play at that school why should the player turn it down? The conferences are bringing in nearly $1B per year in TV/media contracts. The schools are bringing in close to, if not over, $100M per year in ticket sales/revenues including licensing (LSU gets paid for use of their "NIL" on your "good" LSU Columbia fishing shirt). The HCs are earning 5, 6, 7, 10 Million per year. So why shouldn't the players, perhaps the most important part of the entertainment business, be privy to some of that revenue generated?
3. It sounds like Florida boosters may have promised him an amount to sign with Florida...only to fail to keep up their end of the bargain. If someone hired you away from your current job with the promise of a much bigger salary, only to then fail to provide it would you want to stick around?
Fans need to get over the farce that major college football is an "amateur sport". When the conferences, NCAA, and schools are, collectively bringing in BILLIONS of dollars in revenue it is an entertainment business...not all that unlike the NFL.
2. Why shouldn't a HS prospect maximize his market value? If a booster of a school is willing to give a guy 6-7 figures to play at that school why should the player turn it down? The conferences are bringing in nearly $1B per year in TV/media contracts. The schools are bringing in close to, if not over, $100M per year in ticket sales/revenues including licensing (LSU gets paid for use of their "NIL" on your "good" LSU Columbia fishing shirt). The HCs are earning 5, 6, 7, 10 Million per year. So why shouldn't the players, perhaps the most important part of the entertainment business, be privy to some of that revenue generated?
3. It sounds like Florida boosters may have promised him an amount to sign with Florida...only to fail to keep up their end of the bargain. If someone hired you away from your current job with the promise of a much bigger salary, only to then fail to provide it would you want to stick around?
Fans need to get over the farce that major college football is an "amateur sport". When the conferences, NCAA, and schools are, collectively bringing in BILLIONS of dollars in revenue it is an entertainment business...not all that unlike the NFL.
2
Posted on 1/12/23 at 3:36 pm to Alt26
quote:
Why shouldn't a HS prospect maximize his market value? If a booster of a school is willing to give a guy 6-7 figures to play at that school why should the player turn it down? The conferences are bringing in nearly $1B per year in TV/media contracts. The schools are bringing in close to, if not over, $100M per year in ticket sales/revenues including licensing (LSU gets paid for use of their "NIL" on your "good" LSU Columbia fishing shirt). The HCs are earning 5, 6, 7, 10 Million per year. So why shouldn't the players, perhaps the most important part of the entertainment business, be privy to some of that revenue generated?
Agree completely.
Posted on 1/12/23 at 4:07 pm to Alt26
quote:Correct.
Fans need to get over the farce that major college football is an "amateur sport". When the conferences, NCAA, and schools are, collectively bringing in BILLIONS of dollars in revenue it is an entertainment business...not all that unlike the NFL.
Amateurism in Power 5 football is a myth and has been for decades. Schools and entities that profit from college football have received billions of dollars in windfalls due to the legacy of amateurism. Schools have merely had to provide tuition, room, board, perks, etc. typically at or around marginal cost.
How much would players receive in compensation above and beyond tuition, room, board, perks, etc. if there were no regulations preventing them from receiving that compensation?
College football generates more than $4 billion in annual revenue for the 65 universities making up the Power 5. Most of the major professional sports share revenue between teams and players. Typically it's right around 50%-50%.
How many Power 5 schools are paying their players an aggregate of $30 million? ($2 billion / 65)
As a firm believer in free markets, I believe the players should receive what the market would bear if there were no regulations preventing them from receiving that compensation.
Why should government and quasi-government regulations prohibit players from earning market compensation?
Page 1 of 1
Popular
Back to top
Follow SECRant for SEC Football News