(03-31-2014 11:11 AM)arkstfan Wrote: The average college degree means on average an increase of lifetime earnings of $900,000.
Leaving school with less debt than peers and the reality that having played intercollegiate athletics, even unpopular fan sports like golf, tennis and track, will open some doors that peers will not have opened. One of my son's friends played college football and was on scholarship for only one season but it opened the door for his first two high school coaching jobs and I know an HR manager who was sorting through applicants who were mostly new college grads and one applicant had played college golf and he pushed that person into the interview pile for the hiring manager and the former player got the job.
Maybe the system isn't as balanced and fair as it could be but it is much better for student-athletes than their advocates are claiming.
I'm not sure that's true anymore.
But as for the original premise, it doesn't make sense to calculate what rate a football player is earning by dividing the
cost of his scholarship by the number of hours he puts in. You should be using the
value of the scholarship. That means different things to different athletes, and also different schools.
The room and board portion of the scholarship is pretty objective, and is valid enough. But the tuition only has value to the athlete who wants it. If, instead of tuition, athletes were paid in bubble gum, or tulips, that
cost $40,000 you wouldn't assume that $40K was the
value of his compensation. For the kid who is only in school because the NFL says that's his only option, he's working for peanuts.
There may be few of those kids at schools like Northwestern, Duke, Stanford, etc., so any analysis limited to one of those schools is of little value in the broader scheme of college sports.