Over the years, the debate on whether or not to pay collegiate athletes, specifically Division 1, has increased greatly. With athletes bringing in millions of dollars to their respective schools, many believe it’s time to make a change. The debate has been ongoing since the 70’s, maybe even earlier, but it really came to the attention of many in the early 90’s, specifically 1995. Marcus Cam by, a basketball player for the Toronto Raptors, admitted he took money and jewelry, from somebody who wanted to be his agent, while he was playing at the University of Massachusetts.
This was one of many incidents that involved a player accepting money and other gifts from an agent and / or booster. I believe that college athletes deserve to be paid in some fashion. They devote their whole life to their sport, whether or not they are the starters, and most will not go on to the pros, even though they contribute to the team. They sell tickets, jerseys, T-shirts etc. for their school, and see none of the money.
Coaches sign six figure deals with shoe companies, like Nike, Reebok, Converse, and the players are the ones wearing the shoes and jerseys, the coaches have on whatever they want. Even though just recently the NCAA Committee allowed athletes to get a job; between schoolwork, and practices, they don’t have enough time to find a job. Most of the kids come from poor backgrounds, and don’t have enough money to do normal college things, like going out to eat, going on a date, or out to the movies. People believe that paying college athletes will ruin the tradition and innocence of the game. However, people forget that Olympians get paid, and most of them are amateur athletes. ‘Gold medal lists from the United States receive a minimum of $15, 000 for their success (from the U.
The Essay on Top Five Money Mistakes College Students Make
College students face many hard financial decisions. As a young adult they need to figure out how to pay for college, earn some spending money, and still get a good education. This is a tall order for anyone, so it’s no wonder that many college students end up making some costly money mistakes. Unfortunately, these mistakes can actually cause damage that lingers for decades, so making sure your ...
S. Olympic Committee and the national governing body of the winner’s sport), USA Today, Final Ed.’ These Olympians can also capitalize on endorsement deals and other additional bonuses, most of which are illegal in college athletics. The innocence of the game is already in jeopardy, in a June 24 th, 1996 issue of The NCAA News, ‘s tidies indicate that 75 percent of underclassmen have received cash or gifts from an agent.’ That’s a pretty high number, three out of every four are involved in illegal activities involving agents, and 90 percent of projected first round draft picks have had contact with an agent, (Steve Wulf, Time pg. 94).
If they received some compensation for the hard work, this corruption would gradually lessen, because the need for money would lessen. Just recently the NCAA allowed college athletes to get a job, but seriously, where are the athletes going to find the time to work.
With classes, schoolwork, practices, and games (which include traveling all over the country), when are they going to fit in time to serve fries at Burger King. “I guess it’s a good thing,” says Indiana University freshman guard Michael Lewis. “But between class and basketball, I’d like to know when I’ve got time to flip burgers.” You have to be realistic, and having the athletes get a job isn’t very realistic. It’s hard enough now for the athletes to fit in time for themselves let alone work. After a long day of practice and school, they ” ll be too tired to go to work. “No employer is going to want to employ someone that can only work such select hours,” freshman gymnast Dominic Brindle.
Most coaches sign lucrative contracts worth hundreds of thousands of dollars with sports companies, and aren’t the ones wearing the Nike shoes or jersey, the players are. The marquee players sell jerseys with their numbers on them, but they don’t see the money from them. Schools sign large contracts with television stations for millions (even billions) of dollars, to see the kids play. Why is it that these players don’t get even a little of it back? They ” re the ones putting on the show; they are the ones that deserve some of the money.
The Business plan on Time Value Of Money Problem Assignment
Prepare solutions to the following problems and submit them as instructed by your section instructor. Show all calculations, or identify the sequence of steps and buttons to your financial calculator, to support the solutions you submit. John is purchasing a house for $500,000. He plans to make a down payment of $100,000 and take out a 30-year mortgage for $400,000. If the interest rate on the ...
They sell the tickets, people go to the games to see the players, not the college presidents and in most cases not even the coaches, but they (coaches) are the ones making millions, while the ones really working see nothing. “The coaches own the athletes’ feet, the college own the athletes’ bodies, and the supervisors retain the large rewards,” Walter Byers, Executive Director of NCAA from 1952 to 1987. In the 70’s and earlier college athletes received fifteen dollars a month, called “Laundry Money”, (Steve Wulf, Time pg. 94).
Numerous people make a living of the players, coaches, athletic directors, NCAA executives; I could go on for awhile if I had to. How would you feel if you supported numerous people with your hard work, and saw none of the money yourself.
I’d feel cheated and exploited. “There are a lot of people who make livings off of us,” Van horn was saying Friday on the eve of the Utah-Kentucky West Region Final at San Jose Arena. “They wouldn’t have jobs without us. We ” re making a lot of money for a lot of people.
The NCAA doesn’t come close to giving us enough. The education is something to appreciate but it’s hard to think of that when you ” re living on hot dogs every day.” Though many are coming to the conclusion that these athletes deserve to be paid, the only people that can change this are the directors of the NCAA. I Believe that though paying the athletes, which includes all sports, female and male, may be a little hard to do financially, why shouldn’t the athletes be able to cash in on deals with Nike, like the coaches. If a coach signs a deal with Nike worth $300, 000 dollars, why shouldn’t it be split among the athletes and the coach? Coaches already make six to seven digits a year, why do they need more. If it’s divided among the fifteen on the basketball team, that’s $20, 000 per athlete. Or like in football, where there are more players, that’s still $5, 000 an athlete.
The Term Paper on Football Team Ncaa College Athletes
The NCAA: Out of Control Darnell Autry was a member of the Northwestern University Wildcats football team. He was a dedicated student and an All American running back. He was also a theatre major. So when he was offered a small part in a motion picture he quickly accepted. It was a non-paying role and he paid for his own plane ticket to Rome, where the movie was being filmed. However the National ...
That’s a lot more then they ” re making now, and there are more contracts then that the schools and coaches sign. There are so many different methods of solving this problem; it’s about time the NCAA starts looking at them. Bibliography 1) Comes, Mark. “The Run for the Money.” Courier-Journal (Louisville, Ky. ).
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