re: NIL saga: AGs of Georgia, Alabama, Arkansas, Mississippi, SC file brief in support of NCAA

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It’s my belief that simply allowing profiting off of name and likeness will make the current crop of legal troubles go away. That single, moronic restriction is what is going to kill them.

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Democratic Senators Cory Booker and Richard Blumenthal have introduced a bill in congress.

They call it “The College Athletes Bill of Rights.”

“The most ambitious—and likely the most contentious—provision,” reports The New York Times, “would require colleges to share the profits they make with the athletes who generate them.

In sports where revenues exceed the cost of scholarships across an entire division—at the moment that would be athletes who play football, men’s and women’s basketball and baseball—the profits generated in each sport would be shared equally with the scholarship players.”

“Using data supplied by universities to the Department of Education, Booker said that would mean payments of $173,000 a year to football players, $115,600 to men’s basketball players, $19,050 to women’s basketball players, and $8,670 to baseball players who are on full scholarship,” The New York Times reported.

***The AMOUNTS LISTED ABOVE ARE THE ESTIMATED EQUAL DISTRIBUTION OF THE AVAILABLE PROFIT***

To make sure these salaries are paid and colleges fully comply with Booker’s mandates, the law would also create a Commission on College Athletics.

This commission would consist of nine presidential appointees and would have potentially sweeping powers.

Booker’s bill states in part: “There is established a commission, to be known as the ‘Commission on College Athletics,’ for the following purposes:

(1) To act for the benefit of all college athletes without regard to receipt of grant-in-aid.

(2) To protect the economic interests of college athletes.”

The New York Times noted it would also have the power to “ban individuals from working in college athletics.”

Gross Profit is ALL monies earned after deducting the costs associated with providing its services i.e., marketing the brand, ticket sales, concessions, coaching salaries, utilities, etc.

Net Profit is ALL monies left over after expenses are paid, i.e., building costs, new equipment purchases, updated facilities, etc.

Most will want to be paid on the GROSS, not the NET because you can continually add expenses that someone may not agree to or with.

This will in my opinion devastate college athletics.

Additionally, Bama would rapidly lose the investment advantages in state of the art facilities and in retaining the best overall program, as we are currently one of the highest-earning programs in the country.

We also continually upgrade and invest in state of the art facilities, etc.

If this is passed in the Democratic-led house and senate. It will be signed by President Biden.

It will in my opinion change college sports dramatically and eventually lead to its destruction.