It’s not enough for the organization to flash a knife and demand players’ wallets; it also has to tell everyone within earshot that, no, actually, empty pockets are good. That’s how the NCAA argues that its amateurism rules — which limit player compensation to tuition, room, board and small cost-of-living stipends, but do not restrict sports administrators such as Alabama football coach Nick Saban from collecting millions — are necessary and justified because they protect and enhance athletes’ educations. There’s no connection between cash in a player’s hands — or a W-2 form in their mailbox — and their ability to open a textbook or show up to class. But that hasn’t stopped the NCAA from making this case in the court of public opinion and, more recently, in federal court. In a bench trial overseen by U. They argue that it violates antitrust law by restraining competitive bidding among schools for the services of top athletes, similar to how tech giants allegedly conspired to hold down salaries by agreeing to not hire one another’s employees. Wilken’s ruling could come as soon as December. If athletes win and withstand a lengthy appeals process, it could utterly transform the plantation economy of big-time college sports. Depending on the scope of Wilken’s ruling — she could loosen NCAA restrictions a bit or a lot, or even eliminate them entirely — a gold-medal-winning Olympic swimmer like Katie Ledecky would be able to endorse products without jeopardizing her college eligibility. Football stars such as former University of Georgia running back Todd Gurley could sell their autographs for cash without sending state legislators scrambling to criminalize the act.
Colleges value coaches’ labor more than their players
It has been a bedrock principle behind college sports: Student-athletes should not be paid beyond the costs of attending a university. California threatened that standard on Monday after Gov. Gavin Newsom signed a bill to allow players to strike endorsement deals and hire agents. Why is that? The N. Both the N. With limited exceptions, the schools and the N. Students will also be permitted to hire agents, a move now restricted. Skinner introduced the legislation in February, and Newsom said he had not expected it to reach his desk. Still, sensing the severity of the legislative threat from California, as well as from a handful of other states and Congress, the N. At least on this issue, the sentiment was bipartisan; the bill passed unanimously.
College athletes matter to billion-dollar companies
Like Newsom, Senator Brian Jones, a Republican from San Diego County who supported the legislation, doubted that the leaders in college sports would pull together quick reforms. The legislation left open the possibility that California could rework its approach once the N. Before and after it became law, the California proposal drew strong support from some current and former student-athletes who said that it would edge the college sports industry, however reluctantly, toward an era when its athletes would be compensated for their talents and the risks that they assume. Newsom signed the bill during an episode of a television show hosted by LeBron James, the Los Angeles Lakers star and a prominent supporter of the legislation. Others who have taken the field for their universities, like Michael Pittman Jr. A legal challenge by the N.
Latest College Sports
Jasmine Harris does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. As millions of people tune in to watch the Final Four, much of their focus will be on the numbers on the scoreboard. But a March report from U. Chris Murphy, a Democrat from Connecticut, calls attention to numbers of a different sort. Here are three points from the report that struck me as a researcher who studies the structure and culture of academic life for student-athletes at Division I schools. Though they are considered student-athletes, the young men who play Division I football basketball are often much more. Quite a few of them are celebrities. Even though many of these players are nationally recognizable and influential figures, they are prohibited from profiting from their social status.
College athletes matter to billion-dollar companies
It was almost immediately overtaken by the ground-shaking news that the NCAA would now support a similar move. And in a surprise development shortly thereafter, the National Collegiate Athletic Association, which had spoken out against the idea behind the bill, announced that its board of governors had voted unanimously to get behind it. At some schools, college athletics is a huge business, and the stars in the big-time sports deserve a far larger cut of the box-office, merchandising and broadcast fees than they now get through their scholarships and stipends. The California General Assembly unanimously passed a nearly identical proposal last month, and Gov. Gavin Newsom signed it into a law that will take effect in Illinois Gov. Pritzker announced his support for the idea last week. We all know the distinction: Professional athletes get paid for the time they put in practicing and for the value of their services in generating income for third parties.
Not only will it set you up for financial freedom, but it’s far easier to sleep at night when you’re not worried about the next paycheck. Pension Plan A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker’s future benefit. Many of the athletes who find themselves bankrupt overspent on extravagance only to find their possessions nearly worthless later in life. Though they are considered student-athletes, the young men who play Division I football basketball are often much more. Quite a few of them are celebrities. In any other job, if you don’t perform to your expectations, you’re fired. Related Terms Voluntary Simplicity Voluntary simplicity is a lifestyle that minimizes the needless consumption of material goods and the pursuit of wealth for its own sake. Teaching is one of the most economically important occupations because our future economy relies on the education of its youth, yet teachers are paid astronomically less than the average professional athlete is. Wealth Management. Small Earnings Window Athletes have a unique problem that many other professions don’t: the earnings window is small. Extravagance Warren Buffett may be one of the richest men in the world, but you may not know it by looking at his modest home and relatively simple lifestyle. Partner Links. He chooses a modest lifestyle because he knows that the accumulation of «stuff» is contrary to good, long-term money management.
Colleges value coaches’ labor more than their players
Related Terms Voluntary Simplicity Voluntary simplicity is a lifestyle that minimizes the needless consumption of material goods and the pursuit of wealth for its own sake. But a March report from U. Quite a few of them are celebrities. Even though many of these players are nationally recognizable and influential figures, they are prohibited from profiting from their social status. When the NCAA tweeted a feel-good commercial detailing a day in the life of a student-athlete, current and former football and basketball players challenged the portrayal of their experiences as generally positive. The players told a different story about their lives as athletes. Allen Iverson is one of the many athletes who lived a lifestyle based on his peak earnings, yet failed to think about the money he would need later in life. While the more traditional careers may allow a person to work 30 to 50 years, a professional athlete will work only a fraction of that time. It’s truly a pity that none of these true heroes are given the same recognition by society as athletes such as Brett Favre or Michael Jordan are given.
Tennessee must take the reins and prevent the NCAA from continuing its pay blackout on college athletes. Vanderbilt defeats Missouri on Saturday, October 19th, Editorial Board October 20, Such successful sports programs have helped the Makign Department rake in millions of dollars. More states, including our home state Tennessee, should consider passing similar laws. The organization remains steadfast in its practice of preventing players from earning any income for their tp. This not only prevents schools from paying athletes but also bars athletes from earning income through their personal brand.
Comments
Post a Comment