Meet the press paying college athletes

meet the press paying college athletes

Why NBC's "Meet the Press" host David Gregory just got a shout-out in a huge lawsuit over amateur athlete compensation. The players were backed by a new organization called the College Athletes Northwestern had argued that, rather than a payment, a scholarship should be commercial sponsorships,” according to the Associated Press. College athletes say they need pay to cover basic costs of living . If the football player receives a stipend to meet Full Cost of Attendance.

It is further true that these operating surpluses, where they exist, eventually are transferred to support non-revenue sports in the department, to bloat artificially-inflated salaries for coaches and administrators, and to finance extravagant expenditures on stadiums, arenas, training facilities, recruiting, and team travel.

The mechanism of this transfer is manifest.

meet the press paying college athletes

Schools do not compete for players by offering higher salaries; rather, with salaries proscribed, they attempt to attract the desired recruits by having the most famous coaches, the best performance records, the fanciest facilities, the most lenient course requirements, and so on. In short, the coaches end up being paid for the economic value of the athletes they help to recruit. So, the idea that there's plenty of money to pay the athletes a salary largely comes from the existing system of surrogate pay and superfluous expenditure that currently exists.

If the athletes get salaries, then the coaches no longer get the proxy pay -- and one cost offsets the other. This is logical at first blush, but there are problems.

  • College athletes say they need pay to cover basic costs of living

First, many coaches are on multimillion dollar long-term contracts that go as long as eight years. Even when these contracts end, there will be expectations and momentum that will prevent an immediate adjustment to much lower compensation levels. Hence, we can expect a transition period of a decade or longer during which the schools will be paying both high coaches' salaries and salaries to the student athletes.

Along with athlete salaries comes the obligation to pay into social security and workmen's compensation. Second, many of the largest expenditures to attract students in lieu of offering market salaries to athletes entail major capital projects, such as new stadiums and arenas.

The funds for these projects are already encumbered, as they come from long-term bonds and must be paid off over decades. Paying athletes a salary will again constitute a doubling of the financial burden and lead to large deficits over a long transition period.

Paying College Athletes: Take Two | HuffPost

There are other reasons why we should be cautious before paying athletes a salary besides the financial drain involved. It would be disruptive to academic culture. We don't use the market system to allocate resources within the university. I don't auction the right to be in my sports economics class to the students willing to pay the highest fee.

The first violinist in the school orchestra does not get paid even though tickets are sold to the concert; nor do leading thespians or dancers get paid for their public performances. A labor market for high school football and basketball players would be both chaotic and emotionally difficult for year-olds.

Finally, non-revenue and women's sports would take a significant hit. College sports, in addition to providing entertainment and excitement for the college community, offer important developmental experiences for the participating athlete. Those positive experiences should be made equally available to men and women. So, absent paying football and basketball players a salary, what is to be done?

meet the press paying college athletes

The leading athletes on these teams are being exploited in economic terms. Worse still, a majority of them come from low income, minority families.

Paying College Athletes: Take Two

Inafter the NCAA board of directors voted to allow a Cost of Attendance stipend, the entire Division I membership voted to override the board and defeat the stipend because many small schools said that, among other things, they could not afford it. Trae Golden of Georgia Tech dribbles through Pittsburgh defenders. He has walked into the dining hall with his meal-plan card but has found cheeseburgers and chicken tenders on the menu and will not eat.

You just have to watch what you eat. There are times he wants to have money for a date or other social activity.

meet the press paying college athletes

The athletes squander the money, they have said, then let professional sports agents or boosters get close and pass them cash, which is against NCAA regulations. Deeper into the debate is Title IX.

College Athletes Say They Need Pay | Al Jazeera America

Conley said Georgia, which is one of the most proactive schools in terms of student-athlete welfare, has a special-assistance fund athletes have dipped into. He said there are times he does not have the gas money to drive home two hours and will not bother his parents for the cash. He said he has teammates who stay at school for months because of the expense of travel. There is a fear that wealthy schools will offer money over and above Cost of Attendance as a recruiting tool.

Adam Silver on paying college athletes

Mark Kantrowitz, senior vice president and publisher of Edvisors. He said each school publishes its full cost of attendance for all students, not just athletes, and that could be used to calculate the gap between the athletic scholarship and the COA. When school ends in May, he will have three weeks off and wants to fly home to New York to see his family. So if he wants to go home, it means buying another plane ticket.