And also, players often give up plenty when entering the portal. Many don't get an offer and drop out of college. Others give up exposure. Some end up losing credits. Some get a lower quality education.
I have no problem with players getting paid, primarily because it's not my money. Some rich guy with an expensive hobby. My question is how is this sustainable long-term.
Those rich people have plenty of money to keep funding this. For the big donors it’s 1% or less of their net worth per year, plus they seem to be able to pick up offsetting tax benefits.
But is it good for the game in it's entirety? Do programs that can't keep up monetarily fall by the way side? Are we going to end up 20 or 30 programs nationwide that can complete? Is that good for the game?
Has this ever not been the case?
This is why professional sports have salary caps and restrictions on player movement. To maintain some sort of competitiveness.
There are quite a few jobs like that, actually. A lot more than you think. And, what a lot of us are saying: college athletics should be another. Hell, there's even limitations at the pro level. College athletics right now, between NIL and the portal, are complete anarchy. It's going to completely implode, and there's a valid scenario where it doesn't just "market-correct", and is permanently damaged. To me, it's more than just being stuck in the past, clinging to traditions. It's running a risk of not even being around. That's kind of where I'm coming from.
Salary caps, which the players union collectively bargained for. Not just some rule Adam Silver pulled out of his ass and forced on everyone.
Quite a few? Like 5?
Do you really believe all schools are making billions or even millions of dollars. Also what about all the money invests in health, nutrition rehab, schooling, books transportation. This nonsense that kids have been exploited in the past is ridiculous.
There is no belief here, public schools athletic depts financials are public. P2 athletic depts make between $120-300M, and about 75% of that revenue comes from football.
The two worst teams in D1 last year, according to kenpom, were in the SWAC. The SWAC just signed a 10 year, 120 million dollar media contract.
How much revenue do you think these schools are generating outside TV? Also how much money do you think they are spending on food, clothing, school, facilities day to day operations etc? I love how people believe that these kids never received anything in the past.
How long do you think those contracts have been around? Besides not every school is making money. They have to spend money on these players outside NIL.
I think you're absolutely clueless about the amount of money being spent by schools in the P4. And yes, they invest a lot in student welfare, equipment and medical support. As they should. Yet somehow, they've figured out a way to still spend all of that, AND spend another $20 million paying the players that deserve it and keep on trucking.
Schools make a lot outside TV. There are tickets, parking, concessions, licensed apparel, big sponsors, and of course donations. For example, B1G schools athletic depts make $120-280M per year depending on the size of their FB program, and about $55M of that was media rights last year, so $65-225M outside of media rights.
I think you are clueless if you believe that I have no idea how college athletics work. My brother coached college football for over 25 years. I have coached high school football for over 40 years. I have been around many programs. Visited many schools in Florida and been around many high level recruits that have left our school to go play college football. I am well aware what is going on. My point is these yes these contracts have not been around
Yes but you really think that all schools are making that kind of money?
Yes, almost all the P4 schools are. Or looking at it a different way, about 50 schools' athletic depts are clearing $100M in annual revenue. This is all public info.
Well, you seem to have your head in the sand to some stark financial realities of the sport.
I never said they didn't receive anything. They receive non-monetary, in-kind services, most of which are a sunk cost for the university because they were going to pay that professor to teach that class whether the student athlete took it or not.
What kills me is that I bet 90 percent of the people saying this dumb shit say believe in the free market and people should get paid what the market bears.
Thats my point. So many people cry that they want a free market, up until they don't like the product the free market provides. Capitalism thrives on greed, which can be a source of good (competition/innovation), but naturally, it's also inherently bad when you have greed as the main driver for reasons we are seeing in college athletics. It's a catch-22.
I don't think the average student receives free healthcare, free 24 hour nutrition, free books room board and tuition. Free computers and tablets. Free clothing. Free tutoring. They do receive a pay check. how much do you think this amounts to on annual basis? I am not going to begrudge the student athletes who are just doing what is human nature which is to go out make as much money as you can. Who i blame are these schools that are throwing big money at guys and they stay for a year and then move to the next big payday.
Kills me too. Not trying to get political, or I'd have some opinions about deregulation.
I disagree with a lot of that but even it's all true, all that stuff is worth way less than IU's chunk of the media revenue those kids generate.
