Tigeer
Heisman
Posts: 7,526
Joined: Aug 2004
Reputation: 127
I Root For: UoM & WVU
Location: Martinsville, VA
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RE: Michigan player calls out B1G Commish $20 Million Bonus...
(05-14-2017 10:07 AM)Wedge Wrote: (05-14-2017 09:34 AM)Frank the Tank Wrote: (05-14-2017 09:28 AM)Sactowndog Wrote: (05-14-2017 07:09 AM)murrdcu Wrote: Not a smart move by B1G to announce a huge bonus to its executive. I think he's earned $20M, but to announce it like this sounds like a one time payment when it's supposedly going to be paid out over numerous years.
Student-athletes should be pissed.
If they want to start a rallying call, this is it.
Student athletes should be pissed?? How about regular students who have to take out loans to subsidize this ****?! Don't feel to bad for the athletes. My daughter between stipend payments and housing checks left college with 10K in the bank. Meanwhile many fellow students left with 100K in loans. If athletes manage money well they can leave with a nice bit of cash. My guess is the player complaining is one of the many football players that blow their money.
I understand this, but total amount isn't relevant. It's about whether you are getting paid in accordance with your market value. LeBron James might make over $20 million per year, but he's actually underpaid (as he would be making even more in a non-salary cap system), whereas there can be people making minimum wage that are overpaid relative to their market value. There are studies showing that the value of a 5-star recruit is close to $500,000 per year for a school, yet they're clearly not getting paid anywhere near that amount (at least above the board). The reason why shady boosters that pay players under the table exist is because everyone knows the true market value of these those players (and it exceeds the value of their scholarships).
Exactly.
The last pick in the first round of the NFL draft gets a "rookie" contract worth about $9 million. No one can honestly argue that a player who is worth that much in April was only worth the price of a college scholarship in December.
The college teams reap the benefit of paying (almost) nothing for elite athletes whose market value is in the millions. The teams rake in the money while giving none of it to the athletes whose performances generate that money. That's why they have so much cash floating around that they can easily pay so many millions to coaches and commissioners.
Problem is most of these guys will not make it to the pros.
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05-15-2017 01:54 PM |
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