converrl
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RE: California legislation
(10-03-2019 03:39 PM)cmhcat Wrote: (10-03-2019 01:53 PM)BearcatMan Wrote: (10-03-2019 12:45 PM)cmhcat Wrote: (10-03-2019 11:44 AM)BearcatMan Wrote: (10-03-2019 10:46 AM)cmhcat Wrote: Dude...you've gone hysterical. I gave an example of a payment to a player for express use of his likeness in marketing or advertising. Is the NCAA going to employ valuation experts to determine whether every one of these are proper? I said every player will have a price, some insignificant and some huge. That makes it professional and I don't understand why colleges are sponsoring professional sports. I won't bother responding to the rest of your rant.
You gave an example of a car dealer giving a kid $100,000...which won't happen EVER ...I responded in kind with what likely actually will happen and what the law actually states to ensure that the mass hysteria that this will destroy college sports is struck down the way it should be. All of these people yelling about "our amateur sports" who were never involved in said amateur sports at the college level just reek of Old Man Shouts At Cloud Syndrome.
Just to humor you...any idea how big car dealership groups in Cincinnati are? You think $100k is big money to them? Have any dealership groups in Cincinnati ever been implicated in aiding UC recruiting? But it doesn't matter who or exactly how much. The point, again, is that players services will be bid for and that makes it entirely professional. No crime in that but I'm still trying to understand why academic institutions would be in the professional sports business.
Lets look at the Jeff Wyler Auto Group, the largest auto distributor in the area, and just so happens to be helmed by one of our trustees. Well, at the current dealership margin of 5.9% according to NADA data for FY18, they'd have to pull $1B in revenue, converted to $60,000,000 in sales profit to simply make enough to cover their payroll at $48,000 average salary for their 1,200 employees (that $60,000,000 in gross sales profit would come from an average sales/leasing service for right around 30,000 cars a year, just under 1% of all auto sales in 2018 in the US, which seems reasonable for a metropolitan area with roughly 3,000,000 citizens (.8% of the US Population).
Now, since some of their dealerships also have attached auto/body shops, I'd say the company likely pulls in $45,000,000-$50,000,000 in gross profit from all products and services per year. Taking down inventory management, insurance, and, employer benefits, and all the other fun stuff involved in being a private business, I'd say after it's ALL said and done, there's probably $8,000,000 for Jeff pre-tax. I'm guessing he isn't going to want to blow 2% of his yearly salary on John Smith to come catch footballs for the Bearcats...but that's just because that doesn't make good business sense, and anyone who is in the auto industry with the current numbers staring them in the face will probably be more cautious with spending nowadays anyways.
Alas, we are not here to discuss the finer points of auto sales, I simply think that implying that programs have Buddy Gerrity type guys popping out of the weeds to write checks to people is insane. Sure there may be one or two...but it's not going to bring down the house just because people are asking to make money of their own identity rather than being rolled out there with no financial recourse outside of a scholarship which precludes them from making ANY money outside of that. I still laugh about the fact that my first two co-ops in Civil Engineering had to be unpaid because Compliance could not prove that I was not personally benefiting due to my status as a college athlete. Luckily the NCAA got their heads out of their asses when they finally realized that it was a mandatory component of my education.
Tuition, room and board paid for, stipend for living expenses, tutors and I don't know what else, and a leg up in the local job market when they graduate...I'm surprised any athlete would sign up for that...I'll throw some money onto the field after the game Friday night.
The blue-chippers only care about the $$$$ and a chance at the pros. It's why athletic scholarships exist.
This is an argument as old as college athletics...the "student athlete" is largely an illusion...unless you look at the ivys.
Tell me I'm wrong.
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10-04-2019 05:56 AM |
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