Essay about Why College Athletes Should be Paid
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Why College Athletes should be Paid Due to National Collegiate Athletic Association (NCAA) rules and regulations no college athlete is able to receive any compensation or endorsement while participating in college athletics. These rules have long been challenged, however no changes have been made by the NCAA. With universities grossing close to $200 million a year college athletics has turned into one of the top industries in the world. The NCAA is a governing body of college athletics, but without people questioning the NCAA and demanding changes to the monopoly that the NCAA is nothing will happen to the unfairness to college athletes like it is currently. In business dealings around the world, a formula is used to…show more content…
For example at the University of Texas an in state tuition is worth around $4,000 while out of state tuition is worth around $11,000. Now as previously stated, Texas football players’ fair market value is at $578,000 per year. So at the very least there is $567,000 per player that we really do not know where it goes. I understand that college athletes do not deserve all the money they bring in but if one really thinks about it there is no where else in the world of economics is there a person that spends over forty hours a week and brings in $500,000 per year for their institution, yet they are only compensated $11,000. The numbers do not match up. (Frommer, 2013) These numbers definitely do not match up when one takes into account coaches salaries. The average coaching salary in NCAA division 1 basketball is a massive $1.47 million per year. With Duke’s head coach, Mike Krzyzewski, making the large sum of $7.2 million per year . While Duke’s athletic director, Kevin White, brings in close $1 million per year. After looking over these stats, one quickly realizes why college athletes are not being paid. In 40 of the 50 states in the United States of America the highest paid public employee is not a government official, but the head coach of a college football or basketball team. In North Carolina the average income per household $45,570 while the tax rate is 5.8%. What this means is that on average each person in
Should College Athletes be Paid?
“I was walking onto the court a hero, but into my bedroom a pauper.” These words, written by Kareem Abdul-Jabbar, ring true to the over 480,000 athletes playing in the NCAA. Student athletes in college should be paid for their contribution to their school and to the National College Athletic Association.
One of the reasons for salary is the time that the athletes spend for their sport. On average, they work 40-60 hours a week. This means that it would be extremely difficult to have another job. In fact, the NCAA prohibits students on an athletic scholaarship to have a job. But that only applies to students who are on an athletic scholarship, which is only about 33% of the athletes. The other 67% has it even harder. They spend the same 40-60 hours a week that the athletes on scholarship do, but they also have to pay for everything else.Those on scholarship are provided with tuition and fees, room, board, and books, but those not under scholarship have to pay for all of these things. How can we expect these students to provide enough money for that when they don’t even have time for a real, paying job? No wonder we have $1.2 trillion in student debt and 71% of graduating students in 2012 had student debt.
Another point is the athletes’ Fair Market Value. According to Businessinsider.com the players on the Louisville men’s basketball team were worth $1.5 million. This study used the NBA’s collective bargaining agreement in which players received at least 49% of the revenue, it is then split up evenly by the 13 scholarship players on the Louisville basketball team. Another study done by Texas A&M University showed that Johnny Manziel produced $37 million in media exposure for the school during the 2012 football season. Can you guess how much Manziel made of this $37 million? Zero, he made absolutely nothing of the money that he produced for his school.
Less than 2% of college athletes end up playing their sport professionaly. So that brings up the question, is it worth it to play sports in college? The risk of injury is a very real threat, especially in contact sports such as football, ice hockey, and lacrosse. Actually, cheerleading, if you consider that a sport, has more catastrophic injuries (73% of them) than any other sport in colleges. Another risk, as shown earlier, is the risk of more student debt because of the inability to get a full-time job. For the few athletes that make it big in professional sports, playing sports in college was worth the risk, but for many it doesn’t pay off so well.
The NCAA has an annual revenue of nearly $1 billion. 81% of this revenue comes from media rights. Just think, if there weren’t any student athletes to compete, none of this money would be made. But the athletes don’t make any money for their appearance and play. The NCAA signed a contract with CBS worth $10.8 billion in 2010. According to the NCAA, 96% of the revenue from this contract will be used to benefit student athletes. But how does this money benefit student athletes? Where does all of the money go? Most of the money is spent in ways that help the NCAA make even more money. Michael Wilbon said, “The BCS' new deal with ESPN was based, in part, on paying more money to schools/conferences with regard to what has been called "population centers." Of the $174 million distributed from five bowl games, 83.4 percent went to six conferences in 2011.” These population centers are places where there will be the most people which in turn makes the most possible money for the NCAA. Why does the National College Athletic Association do this? Because the NCAA is a greedy corporation that is not for the students, but for the money.
The issue of paying players in every sport, including the ones that lose money, is used as an argument for those against paying the players in college sports. It is true that every sport doesn’t make money. In fact, most sports actually lose money for their schools. If every athlete in the NCAA was paid minimum wage it would be about $5.6 billion dollars per year. There are only $2.7 billion in scholarships every year, so that plan would not work. Another plan is only paying the athletes who make money for the school. It is best put in an ESPN article by Michael Wilbon, “I'm interested in seeing the people who produce the revenue share a teeny, tiny slice of it.” If all the players on the football and men’s basketball team were paid minimum wage, the school would spend no more than $120,000, which is barely anything compared to the school’s athletic budgets.
Some people argue that if college athletes were paid, that they would no longer be considered amateur. But why would that be a problem? Wouldn’t it be a good thing to be considered a professional. In 1986, the International Federation changed their stance on amateurism and allowed professional athletes to compete in the Olympic Games. The Olympics are still going strong after the change, so why doesn’t the NCAA change too. If the athletes in the NCAA were no longer considered amateurs, they woud lose their tax-exempt status. Most professional sports associations are for profit, but there are some exceptions, such as the NFL, which is tax-exempt. The NCAA could probably regain it’s lost tax-exempt status if it followed the NFL’s model of being a trade organization. So why don’t they? Because they don’t want to work for anything when they’re already handed everything on a silver platter.
College athletes should be paid. Those who make money get money, and those who don’t, well they don’t. It’s a fairly easy concept, but the NCAA is very powerful and very stubborn. It will probably not happen any time in the near future, but maybe someday the athletes that deserve the money will get it.