Unis were paying players mainly because investments in stadiums and facilities mandated winning teams. Revenue came from asses in seats, and with only 5-6 home games a year, programs had to be competitive in order to maximize revenue. This was taking place a century ago. Fast forward to today. Unis have gone outta their minds regarding taking on debt for ridiculous facilities and brand new stadiums and arenas. What was true in 1921 is even more so today.
If you haven't read "Shake Down The Thunder," I highly recommend you do...
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