Frank the Tank
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Posts: 18,988
Joined: Jun 2008
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I Root For: Illinois/DePaul
Location: Chicago
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RE: Michigan player calls out B1G Commish $20 Million Bonus...
(05-14-2017 05:49 PM)Bigdog731 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).
Link for that study?
Here you go: an Ohio State professor study that was release at the end of 2016:
http://www.sbnation.com/college-football...ey-playoff
I'm constantly perplexed by why people want to curb the free market. Colleges and conferences should be free to make as much money as they want off of sports and they should be able to pay players what they're actually worth in the marketplace. It's what we expect of every single other industry in America, but many people have this blind spot about college sports because of outmoded ideas that these are somehow amateurs. Division I football and basketball players ARE professional athletes for all intents and purposes and it has been that way for a VERY long time. (Are we going to pretend that SMU in the 1980s was the first school to have boosters pay recruits because they're deemed to be so valuable?) Why do so many people have such a hard issue with either (a) admitting it or (b) fighting it? That never made sense to me.
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05-15-2017 08:32 AM |
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