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Paying College Athletes – Why It Should Be Done And How To Do It
For some time now, there has been a big debate about whether college athletes should be paid. Some people believe that scholarships should pay enough money. After all, scholarships can be worth $15,000 – $25,000 or more per year, plus a post-college career that can be worth a million dollars a lifetime. Additionally, student athletes receive all kinds of perks while in college, such as staying in fancy hotels, being seen on national TV, and all the notoriety that comes with being a star athlete. It’s hard to put a price tag on all of them.
However, given that some college sports bring in millions of dollars for college athletic programs, many people believe that athletes are being exploited. If the average football scholarship is $20,000 per year, the university still receives $70,000 in revenue per scholarship player per year (please note that this figure is only an estimate – the actual number may actually be higher), the university will make a profit of $50,000 per year. , per scholarship player, or $200,000 over a four-year period.
It is very difficult to put a numerical value on exactly how much an athlete is worth to a college. The star quarterback will not only help sell tickets, but also a lot of merchandise. The NCCA will not allow universities to sell college football jerseys with a player’s name on them, but they will sell jerseys with the player’s number on it, which is easily recognizable in local and sometimes national markets. Major colleges make a ton of money on this kind of merchandise alone, yet the student athlete whose number is being used to sell the merchandise will never see a dime of the profits. To say that a student athlete is not being exploited in this situation is an understatement.
It goes beyond that. College athletic programs earn millions from television and advertising contracts. They also bring in millions of dollars in donations from sports boosters. Yes, athletic directors and coaches need to be paid salaries, not to mention travel and other expenses for student athletes, and it’s huge that college football and basketball programs help fund non-revenue athletic programs. However, the reality is that the income that student athletes receive is very small compared to what they earn for their colleges.
Here’s where it gets really interesting. An athlete can be “disciplined” for selling tickets to a fan on game day, yet how much money do NCAA directors make from the efforts of student athletes? The reality is that college athletes pay for literally the bulk of everyone’s salary hired by the NCAA. If an executive in the NCAA is able to drive a Mercedes, he can thank a star quarterback or running back for it, and maybe even a lot of walks.
So here’s the point: If the NCAA, coaches and athletic directors can make so much money off of student athletes, shouldn’t student athletes have a piece of the pie as well? This doesn’t necessarily mean college athletes get paid a ton of money, but it sure would be nice if their scholarships gave them a little extra money every time they go out for pizza or buy some nice clothes — just a little extra spending cash as a way to say “thanks” for their efforts.
If for some reason college players can get paid, that opens up a whole new can of worms. All players on a football team with 125 players work hard in practice, but only 11 can start on offense and defense – do you only pay starters?. Additionally, if you pay a star quarterback more than an “OK” receiver, you run into several other problems. With that being said, the first thing you want to avoid in paying college players is fights over how much money student players should earn or receive, which happens all too often in the NFL.
Another thing you want to avoid is an uneven playing field. While some colleges at the Division I level are able to pay athletes, many do not generate enough revenue. If a student athlete knew he could earn more than he would if he played for his state university at USC, the playing field would become more unequal than ever. Athletes always choose “money schools” over other colleges. Technically, this happens more than people realize today, because the colleges with the most tradition, the best coaches, and the best records are usually the colleges with the most money… but, if a college can pay players more than other colleges, the playing field evens out. will be unequal.
If you’re going to start paying athletes, all athletes have to be paid the same amount and all colleges have to have the same amount to pay their athletes, which can be pre-determined by the NCAA. Even if this amount is as small as $1,000 per year, per player (which totals to $125,000 per year for a college football team with 125 players), the amount paid each month during the school year would be more appropriate for student. athletes…and most at the Division I level. Colleges can certainly afford it. For the few colleges that can’t afford it, the NCAA can always spend the extra money from the millions generated from bowl games. Another option would be to cut the salaries of every NCAA executive who gets rich from NCAA athletics by 25% – and give the difference to the players. ..
Most of this article focuses on college football programs. The revenue from basketball programs is even more staggering, as teams are smaller, travel costs are lower, and fewer scholarships are required, which also allows the NCAA to reap profits from college basketball programs. More shocking.
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