*Lengthy but PLEASE read*
Hello fellow wildcat fans! I have been a long time reader of this board for many years (since the fast paste days lmao) and have finally broke down, bit the bullet and created an account. Part of the reason is because there is so much talk these days of compensation for athletes and doing away with "amateurism" at the collegiate level (the other reason is because I love my fellow cats fans and live to talk good, knowledgeable basketball).
I am a recent graduate of a university (to remain nameless). During my time on campus, I had many classes with multiple football, basketball, and baseball players. During these classes, many of the athletes would not attend class. If they did attend class, they often would act very immature and cause disruption in the classroom. Some were lucky to even spell their own names. It would never fail though that these same players would pass the classes and be in the more advanced class the next semester.
I understand that not every student athlete is the same and there are some that do take their education seriously, but the majority of the ones that I have met, seen, and interacted with do not. THIS is the reason why an academic scholarship plus free room,board,meals,etc. are not enough for these players anymore (that do not see a free education as a monetary value). I am under the belief that if universities start paying athletes to play certain sports, our society will prove that Darwinism has completely taken over. That sends the message to the future generations that you don't have to try at school or become more knowledgeable about the world, as long as you have a unique body type that can dribble,throw, or catch, you will have far more advantages than the "normal" student/human being. This will give way to the phasing out of the mid major along with many other unintended consequences that come with putting a plan into action such as education around the country plummeting and being replaced by practicing a sport that will pay to go to college.
I am of the mindset that just because something has been done a certain way for so long, it does not mean that it can not be changed and made better. Saying it can not be changed only closes the door for discussion. I am completely OPPOSED to flat out paying of players/students to play a sport. However, I am not oblivious to the money the NCAA is racking in at these players expense. A great paradox indeed.
As stated previously, I am a recent college graduate and my gf has an accounting degree with an economics masters from the same university. We have been talking about the recent FBI scandal and wanted to come up with a plan that would compensate the players fairly, but also not send the message that just because you're not 6'8", and can't dunk or tackle, you, your interests, and your contribution to this world isn't any less important.
I understand this plan is not perfect and I am not claiming to be a financial wizard. I am looking for discussion as to how this plan could be made better and I know there is no other place better to do achieve that goal then on Rupp Rafters so here it goes:
1. The respective player files for an alternative financial aid agreement before arriving to university
2. The respective player is qualified to receive full or part tuition, room, board, meals, etc. (basically how a scholarship works currently)
3. If the respective player is a full scholarship athlete, the respective player will receive 1% of the profits generated through their respective sport PER YEAR. (Would have to work out what a part scholarship player receives).
4. The amount the student athlete receives would then go into an interest bearing account the student athlete sets up on their behalf (mutual fund, IRA, etc.). The student athlete could also choose to let the athletic program keep the money as a loan. Student will receive a fixed interest rate during the time the school retains the loan.
5. If the student athlete GRADUATES, they will receive the compensation from the athletic department as services to the school while also receiving a free education, meals, clothing, room and board, big man on campus status, etc.
6. If the player leaves college early and signs a contract for athletic services of any kind OR the athlete/family/anyone related to their recruitment is proven to have colluded with sports agents or received any kind of impermissible benefit, they are required to convey the compensation they have received from the athletic department back to the university or to a charity of their choice. TAX BENEFITS included. (If player leaves early and signs a professional contract AND caught colliding with agents/ taking extra benefits, the student athlete is required to pay back the compensation he/she has received PLUS matching that amount as a fine that must be paid back to the school or a charity of their choice).
7. In order for the student athlete or university to be required to partake in this plan, the respective universities athletic department must be generating profits well over the national average (certain percentages would have to be ratified).
8. The respective player may receive a loan from a university/financial institution for "living expenses" but loan must be repaid within a certain time. (Payment plan can be worked out)
9. If the student athlete graduates from the respective university, the student athlete is eligible to receive their compensation ONLY if they have complied with all the previous guidelines AND they have taken at least 6 credit hours of an investment/ financial management course. (Student must maintain at least a 2.5 GPA throughout the entirety of their career).
This is all I have at the moment but I know their are a lot of great minds on this board that can help tweak this out, point out the flaws, or just flat out shred it to pieces lol. I know @irishcat1965 is a lawyer and may be able to add some insight to whether or not something along these lines could be a viable plan. For those of you that read all the way through, I thank you! GO CATS and I feel like we have a real shot to bring home #9 this year as we can guard and score from all 5 positions when we are hot.
P.S. Duke and Carolina can suck a ****
Hello fellow wildcat fans! I have been a long time reader of this board for many years (since the fast paste days lmao) and have finally broke down, bit the bullet and created an account. Part of the reason is because there is so much talk these days of compensation for athletes and doing away with "amateurism" at the collegiate level (the other reason is because I love my fellow cats fans and live to talk good, knowledgeable basketball).
I am a recent graduate of a university (to remain nameless). During my time on campus, I had many classes with multiple football, basketball, and baseball players. During these classes, many of the athletes would not attend class. If they did attend class, they often would act very immature and cause disruption in the classroom. Some were lucky to even spell their own names. It would never fail though that these same players would pass the classes and be in the more advanced class the next semester.
I understand that not every student athlete is the same and there are some that do take their education seriously, but the majority of the ones that I have met, seen, and interacted with do not. THIS is the reason why an academic scholarship plus free room,board,meals,etc. are not enough for these players anymore (that do not see a free education as a monetary value). I am under the belief that if universities start paying athletes to play certain sports, our society will prove that Darwinism has completely taken over. That sends the message to the future generations that you don't have to try at school or become more knowledgeable about the world, as long as you have a unique body type that can dribble,throw, or catch, you will have far more advantages than the "normal" student/human being. This will give way to the phasing out of the mid major along with many other unintended consequences that come with putting a plan into action such as education around the country plummeting and being replaced by practicing a sport that will pay to go to college.
I am of the mindset that just because something has been done a certain way for so long, it does not mean that it can not be changed and made better. Saying it can not be changed only closes the door for discussion. I am completely OPPOSED to flat out paying of players/students to play a sport. However, I am not oblivious to the money the NCAA is racking in at these players expense. A great paradox indeed.
As stated previously, I am a recent college graduate and my gf has an accounting degree with an economics masters from the same university. We have been talking about the recent FBI scandal and wanted to come up with a plan that would compensate the players fairly, but also not send the message that just because you're not 6'8", and can't dunk or tackle, you, your interests, and your contribution to this world isn't any less important.
I understand this plan is not perfect and I am not claiming to be a financial wizard. I am looking for discussion as to how this plan could be made better and I know there is no other place better to do achieve that goal then on Rupp Rafters so here it goes:
1. The respective player files for an alternative financial aid agreement before arriving to university
2. The respective player is qualified to receive full or part tuition, room, board, meals, etc. (basically how a scholarship works currently)
3. If the respective player is a full scholarship athlete, the respective player will receive 1% of the profits generated through their respective sport PER YEAR. (Would have to work out what a part scholarship player receives).
4. The amount the student athlete receives would then go into an interest bearing account the student athlete sets up on their behalf (mutual fund, IRA, etc.). The student athlete could also choose to let the athletic program keep the money as a loan. Student will receive a fixed interest rate during the time the school retains the loan.
5. If the student athlete GRADUATES, they will receive the compensation from the athletic department as services to the school while also receiving a free education, meals, clothing, room and board, big man on campus status, etc.
6. If the player leaves college early and signs a contract for athletic services of any kind OR the athlete/family/anyone related to their recruitment is proven to have colluded with sports agents or received any kind of impermissible benefit, they are required to convey the compensation they have received from the athletic department back to the university or to a charity of their choice. TAX BENEFITS included. (If player leaves early and signs a professional contract AND caught colliding with agents/ taking extra benefits, the student athlete is required to pay back the compensation he/she has received PLUS matching that amount as a fine that must be paid back to the school or a charity of their choice).
7. In order for the student athlete or university to be required to partake in this plan, the respective universities athletic department must be generating profits well over the national average (certain percentages would have to be ratified).
8. The respective player may receive a loan from a university/financial institution for "living expenses" but loan must be repaid within a certain time. (Payment plan can be worked out)
9. If the student athlete graduates from the respective university, the student athlete is eligible to receive their compensation ONLY if they have complied with all the previous guidelines AND they have taken at least 6 credit hours of an investment/ financial management course. (Student must maintain at least a 2.5 GPA throughout the entirety of their career).
This is all I have at the moment but I know their are a lot of great minds on this board that can help tweak this out, point out the flaws, or just flat out shred it to pieces lol. I know @irishcat1965 is a lawyer and may be able to add some insight to whether or not something along these lines could be a viable plan. For those of you that read all the way through, I thank you! GO CATS and I feel like we have a real shot to bring home #9 this year as we can guard and score from all 5 positions when we are hot.
P.S. Duke and Carolina can suck a ****
