How can you compete? I Just saw Nolan Smith LB GA, has a net worth of $1 - $5 Million dollars.
That net worth was before he was drafted. His mother supported the family by working at a petrol station. The college football world turned upside down. But good for the players and their familes.
Replies to: How can you compete? I Just saw Nolan Smith LB GA, has a net worth of $1 - $5 Million dollars.
Re: How can you compete? I Just saw Nolan Smith LB GA, has a net worth of $1 - $5 Million dollars.
Pay the elite recruits. Fuck Jenkins & Swarbrick, they’re in the way. And when Jenkins retires, don’t replace him with a priest. Priests are dumb, they don’t know how the real world works. Get an alumni who was CEO of a Fortune 500 company.
Shows how much money was being withheld from prior players for a "free education". LOL.
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How were they not getting a ‘free education’?
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Meaning, the money the schools make off each player is much greater than the $200k+ edu cost.
Top players at top universities are worth multiple millions per year. This was obvious long before NIL. Now you see it clear as day. It was obvious before because CFB wouldn't have been a multi-billion dollar industry and schools making $100mm a year in profit if it weren't the case. Now that money has to rightfully go to the people doing the work.
The whole "they get a free education" was just a slogan to allow for money to be stolen from those doing the work and paid to those marketing they were doing great service to these underprivileged young men that wouldn't otherwise be able to afford a college education. It was a completely false narrative bought by everyone involved.
40 years * 200,000/yr = 8,000,000 - you get about 60% after all total taxes, it's really closer to 50 but we'll go with 60 = $4,800,000.
Now players make it upfront or while they are doing the service. In the 4 years, they play.
The education is not free because they are trading the "$200k edu" for the profits they are making the school which is in the millions per year they play. There is a high cost to attend, play, and make your school a lot of money. A cost that is much greater than the "edu" they "give" you.
But it’s really not college anymore nor an amateur sport..
And I imagine what we’re already pathetic graduation rates will get even worse. Let’s call it what it really is…the minor leagues of the NFL…these aren’t student-athletes…then again most never were
I agree most never were, but at least they get money for their efforts now instead of it all going
to the school.
Agree.
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Yes and no
First, schools do not have some pot of money for NIL that they were taking in and withholding from players. That is not how the NIL funds get generated. So this money is essentially money that is now generated by an NIL-produced financial arms race that is new.
Second, the guys raking in NIL millions now appear to be a small chunk of really elite players. For a guy on the roster at the low end of the depth chart at a D1 school like Ball State or Western Michigan, the free ed really was a form of payment that had real value. Those guys were all net winners, not victims of hard hearted university exploiters.
So the argument here for your side is that in a market wide open a percentage of the guys make a lot more. But for a bigger percentage, the old system guaranteed a certain level of return.
If we carry it further, you would have to say schools should be able to strip scholarships from guys who are not living up to investment they receive in scholarships.
Not against NIL. Just, having seen how big-time athletes were treated at big programs before NIL, I can’t buy the notion that they were exploited innocents.
easy solves for tihs
Of the 90-100mm left after the "free education". 50% goes into a trust for the players on the roster. Each year that's divided out based on contribution. If you leave early or transfer you lose it. If you graduate or get drafted early you get it. Medical injury (not abused by the coach) you get it as long as you graduate and only for the years you played.
There are lots of ways to skin this cat so that the school gets funds but more importantly the kids that are responsible for making those funds a reality get paid for their work.
I can see you point, but (there is always a but) I love the old way but it is never coming back.
The schools have been getting fat on the backs of the few. they could have introduced a share the wealth program years ago. Right now the chaos in the portal and the $$$ in NIL are out of control. I believe they will eventually have to pay the athletes in the two programs that fund every other athletic program. When the five major conferences are receiving in the range of $105 Million per football team in television money, they will have to slice the pie with the players. With fair compensation comes rules for participation.
absolutely agree.
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That will way out shine the 4 for 40 with his NFL signing.
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So true and yet for many so sad
As always it’s too bad that youth is wasted on the young.
Link: https://www.abi.org/feed-item/how-athletes-go-bankrupt-at-an-alarming-rate
Happens to the best of them, Curt Shilling included
Bill Buckner, Tony Gwynn, Wally Backman, Gerig Nettles, Steve Howe, Pete Rose, Lenny Dykstra -
Shilling - https://feherlaw.com/celebrities-filed-bankruptcy-curt-schilling/#:~:text=Curt%20Schilling%2C%20the%20pitcher%20who,World%20Series%20championship%20in%202004.
Link: https://www.thesportster.com/baseball/top-15-mlb-players-who-lost-everything/#2-curt-schilling