The Supreme Court b****slapped the NCAA, which will allow college athletes to be compensated for the use of their “brand” for commercial use. Previously, the NCAA and the universities shared in the revenue generated and left the athletes out. This will create a hierarchy of famous athletes making bank like this gymnast and the vast majority of nobody athletes.
The unintended consequqnces of this.
If a state school that cost (paying the student athlete) will made up by the state taxpayer ! It will increasw the current loss that big time athletics incur. See the link below. The state taxpayers will fork over more ! Who thought they were paying for a higher education.
The schools will eventually be forced to divest themselves of big time athletics.
Take aways from the linked article below:
“....
According to the NCAA, among the 65 autonomy schools in Division I, only 25 recorded a positive net generated revenue in 2019.
Among those reporting a net positive, the median profit per school was $7.9 million.
And among the 40 autonomy schools reporting a negative net revenue, the median loss was $15.9 million.
In other words, the majority of universities in the nation’s top athletic conferences
— the schools you see on TV every weekend competing for national championships
— lost money through their sports programs to the tune of approximately $16 million each.
............”
https://www.bestcolleges.com/blog/do-college-sports-make-money/
The next shoe to fall will be the unionization of graduate students. They’ll demand “comparable wages”
rather the their current “way-below-minimumwage” wages. (Remember we are not counting tuition wavers as income!) Yes I know graduate students are essentially academic serfs. (I was one!) Something should be done to remove their “serfdom”. It will cost money and the taxpayers will pay. However before that happens colleges and universities need a lot of other fiscal reform and they need to learn what ROI means !
Rocketing up higher education costs even further !
The loss of big time sports is probably a good thing in the long run.
It will help to be photogenic or controversial, regardless of your athletic skill. Come to think of it, I think athletic skill would be a secondary factor. Some will get rich, but that doesn’t seem very healthy.
Colleges admit lots of young athletes, on the assumption that some of them will turn out and make money for them. The net result of reducing their athletics income might be to make them more selective about giving athletic scholarships. Then again, maybe refocusing on academics might be a good thing.