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re: New Georgia law legalizing college athlete endorsements allows schools to take athletes $$
Posted on 5/6/21 at 5:31 pm to Pecker
Posted on 5/6/21 at 5:31 pm to Pecker
quote:
As you mentioned, in addition to athletic revenue, most schools charge all students with an intercollegiate athletic fee as a part of their tuition.
Another subsidy.
1
Posted on 5/6/21 at 5:31 pm to the808bass
quote:That's not the point though. The point is that the athletes who are able to make money off their likeness are already a huge financial benefit to the school through their performance as individuals, far more than their aggregate compensation.
Take out fan donations. Is the program still profitable? Is it really profitable, or just highly subsidized?
Maybe I'm missing something with your argument, but if we consider this in another context: Why would the Lakers need to receive a percentage of LeBron's endorsement deal with Sprite? They invested in LeBron because they believed he would benefit them financially, and his compensation is commensurate with their perceived benefit. His ability to make money from endorsements apart from his Lakers' contract is not for the Lakers to dictate.
Posted on 5/6/21 at 5:33 pm to Pecker
quote:
Maybe I'm missing something with your argument, but if we consider this in another context: Why would the Lakers need to receive a percentage of LeBron's endorsement deal with Sprite?
The Lakers aren’t buying Lebron’s home for him and providing him with a degree path. I’m not sure what’s difficult to understand about this.
Posted on 5/6/21 at 5:34 pm to the808bass
quote:I don't disagree but, again, that's a separate argument. If you want to cut those subsidies and reformat the financial structure of universities vis-a-vis athletics then I have no problem with that. But as it stands, I think athletes should be able to profit apart from and unimpeded by the schools.
Another subsidy.
Posted on 5/6/21 at 5:38 pm to the808bass
quote:
The Lakers aren’t buying Lebron’s home for him and providing him with a degree path. I’m not sure what’s difficult to understand about this.
The Lakers are in fact indirectly buying lebron's home for him through his compensation. The degree is largely insignificant with regard to the athletes we're discussing.
Posted on 5/6/21 at 5:40 pm to Pecker
You were the one arguing from the basis that the programs are highly profitable. They are in fact simply highly subsidized.
Posted on 5/6/21 at 5:41 pm to Pecker
quote:
The Lakers are in fact indirectly buying lebron's home for him through his compensation. The degree is largely insignificant with regard to the athletes we're discussing.
Then let the players pay the school for their schooling. The schools are directly paying room, board and tuition for the athletes. Your perceived value of that isn’t the issue.
Posted on 5/6/21 at 5:44 pm to the808bass
quote:
You were the one arguing from the basis that the programs are highly profitable. They are in fact simply highly subsidized.
My argument was that the schools have already been recouped for their expenses from high profile athletes:
quote:
how much money do you think those athletes that would garner endorsements already bring to the school through their athletic endeavors?
Posted on 5/6/21 at 5:45 pm to the808bass
quote:Fine, then let the athletes have jobs and make money from endorsements. And also pay the players based on their performances in a free market system with bidding wars.
Then let the players pay the school for their schooling. The schools are directly paying room, board and tuition for the athletes.
This post was edited on 5/6/21 at 5:47 pm
Posted on 5/6/21 at 5:50 pm to Pecker
Legitimate endorsements? On par with the costs of their attendance.
Pay for play? Sky is the limit.
A player like Trevor Lawrence would be a notable exception because of the length of his career at a really high level.
How much is Trevor Lawrence’s endorsement of a product worth in Oregon? Almost $0. These are highly regional athletes/deals.
A player like Devonta Smith had one year of ultra high performance. What’s a one year’s worth of endorsements for a Heisman level athlete? $500k? And you’re still dealing with an incredible outlier.
What’s a starting middle linebacker’s endorsement for two years at Vanderbilt worth? $3.50?
Pay for play? Sky is the limit.
A player like Trevor Lawrence would be a notable exception because of the length of his career at a really high level.
How much is Trevor Lawrence’s endorsement of a product worth in Oregon? Almost $0. These are highly regional athletes/deals.
A player like Devonta Smith had one year of ultra high performance. What’s a one year’s worth of endorsements for a Heisman level athlete? $500k? And you’re still dealing with an incredible outlier.
What’s a starting middle linebacker’s endorsement for two years at Vanderbilt worth? $3.50?
Posted on 5/6/21 at 6:10 pm to the808bass
It doesn't really matter how much the players can make off endorsements. The universities absorb the financial risk upfront by investing in those players - for whatever reason. The players who you consider to be exceptions are the ones that would actually make money. How much money did Tim Tebow bring to Florida by wearing their uniform and performing the way he did? How much money could he have made from Nike while he was still in school? Hard to say, but I'd wager it's far more than his scholarship.
quote:You keep shifting the argument. Honestly, I think all of this opens the door to more problems with collegiate football and other sports. But I'm trying to look at this from the standpoint of the athletes (the workers). A lot of entities (the schools, ESPN, the NCAA) are making incredible amounts of money in this system and off the names and performances of certain players, yet we tell the players that they're to remain amateurs.
Legitimate endorsements? On par with the costs of their attendance.
Pay for play? Sky is the limit.
This post was edited on 5/6/21 at 6:13 pm
Posted on 5/6/21 at 6:11 pm to Dstllsu
quote:
Georgia is latest state to enact NIL legislation effective July 1, 2021. The law allows teams to require athletes to share NIL revenue w/ their teammates and to hold the payments in escrow until the student graduates or 12 months after the student leaves
So also it's legal to hold their money until they're gone. Who came up with this??
Its so bizarre that its hard to even talk about which part is worse.
1. its a government "taking" i.e. unconstitutional, its clearly not a tax
2. 25% depending on how much is earned might not cover federal taxes let alone state taxes
3. the state might not have jurisdiction
4. what regulatory agency is making determination?
5. so now earning a scholarship is an public right? And what does the public right have to do with where they earned money?
6. what happens if the student doesn't do what the statute says?
This is straight up theft.
Any school that tries to do this will be blacklisted, will be at a disadvantage and sued with the State.
Some of these State have become like Zimbabwe.
This post was edited on 5/6/21 at 6:17 pm
Posted on 5/6/21 at 6:22 pm to Pecker
quote:
You keep shifting the argument.
No, I’m not. There’s a difference between Joe’s Chevrolet paying $1M to athlete X because they want him to play for Ole Miss and Joe’s Chevrolet paying him $1M to drive revenue for Joe’s Chevrolet. There’s no actual value to the “endorsement” in the first.
Posted on 5/6/21 at 7:19 pm to RebelExpress38
Redistribution you say right?
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