re: New Georgia law legalizing college athlete endorsements allows schools to take athletes $$

quote:

---

Well, first, their income should offset the school’s cost in providing them their education and all their other costs.

100% Agree with this!

---

The school’s cost in providing a education is already offset by the time the athletes invest in playing. Scholarships do not provide a “free” education, the player’s devote large amounts of their time and energy to their sport to the point that academics are secondary. I played one year of Division 3 football while pursuing a challenging field. I had to make the choice of staying on my chosen career path, or play football, and major in PE or something similar.

quote:

---

Well, first, their income should offset the school’s cost in providing them their education and all their other costs.

---

This is dumb. Unless every person on any type of scholarship has to pay this money back if they have any side hustles/additional earnings.

Replace athletes with workers and universities with government and you have what happens in the real world.

I don't want to hear athletes bitching about that.

quote:

---

Well, first, their income should offset the school’s cost in providing them their education and all their other costs.

---

I know at LSU the revenues gained from athletics surpassed the cost of scholarships fir ghdxsthldtes,

quote:

---

You don’t know anything about finances.

---

This isn't an argument. Your previous argument makes no sense if you actually understand the financial structure of athletic departments and where scholarship money comes from.

I can appreciate the schools wanting to have parity when trying to attract talent to their schools. Georgia is going to be at a huge advantage to attract the top talent in the coming years until other states enact the same policy.

The free market side of me says the schools can offer scholarships as they want and sponsors can endorse who they want. They're both separate transactions.

quote:

---

You believe the accounting games the schools play?

The athletes are receiving a benefit from the school. They’re getting an education and room and board that costs other students hundreds of thousands of dollars.

They’re further being provided a platform that boosts the value of their endorsement deals. A kid playing for Minnesota State isn’t going to earn the same endorsement deals as a kid at Bama.

It’s a simple profit and loss statement. If a school spends $200k on the training, development, education and room and board of a football player, why would it be wrong of them to take a portion of the endorsement money first?

Short answer: it’s not.

---

Many sports within an athletic program are unprofitable. However, football (and in some cases basketball) programs are often the exception. Those sports typically fund everything else. The top athletes from those programs are not a financial net negative. I say "top athletes" because those would be the athletes that would profit the most from endorsement deals. Clemson doesn't need to recoup anything from Trevor Lawrence profiting off of his likeness. Yes, many athletic departments lose money. But those programs aren't churning out top athletes who would garner endorsement deals. In those cases where they did have a high profile athlete, that athlete would individually likely be far more profitable to the school than the aggregate compensation he was receiving from the school.

As you mentioned, in addition to athletic revenue, most schools charge all students with an intercollegiate athletic fee as a part of their tuition. From Forbes:

quote:

---

By far, the largest student fee is the last – the intercollegiate athletic fee – which can be upwards of 80% of the total fee amount at many institutions not in Power Five conferences.

---

Yes, there are many costs associated with collegiate sports. But on an individual basis with regard to athletes who may receive large endorsement deals, the costs from the investment made by the university have already been recouped. Forbes:

quote:

---

These are only a few of the high end costs, and schools like the University of Texas – with outside money flowing in from huge TV contracts, sponsorships, and boosters – can afford to do these things because they have an overall athletic budget in excess of $150 million.

---

Winning programs make a lot of money off of players like Tim Tebow. What costs would they need to recoup from him?

LA should pass a law that states LSU will chip in an extra 25% on top of their endorsement deals, then hit the GA recruiting trail.