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I totally agreed with him when he said that our society does not value education. I don't he think he meant everyone, but I agree with him how people turn their noses up at the fact that these kids are getting a free education...many of them to schools they could not get into without their special on field talents.
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Gene Smith came out and said each football is well over a million dollar investment. You are trying to spin this. Players do get paid. Yeah colleges make a ton of money from the football program. Thats life. The owner of my company makes what I make in a year every week. Thats just the way it is.
He also talked about the character of the kids who are taking the money being the issue. Again, he was spot on.
Despite the fact that you got so many downvotes, I UPVOTED you because I agree that people in this country don't think for themselves and don't ask the appropriate questions about why we ALLOW our young men and women to be at war for nearly 12 years without asking more questions about why we aren't gone yet.
I take serious issue with those who downvoted you for your opinion in this matter.
Most of those that don't think the college access and education is enough compensation are those coming from areas where really the only solution to their problems is EDUCATION. To them cash has more than education and the cycle of poverty continues. I love the idea of the NCAA pumping some of that cash back into inner city and poorer school districts for educational programs, teachers, etc.
Now as far as adding compensation to what currently is in place I think perhaps stipends could be given to families for travel to see the kids play in a few games a year or bonuses for athletes (in revenue producing sports) that maintain a certain GPA or that stay all four years to get their degree.
This post was edited by NJDF 8 months ago
"Tonight, my butt's sore." - Mike Krzyzewski 11-29-11
That is all well and good, but there is a legitimate question to ask here: Is a college degree really worth it? That debate is raging right now because of the expanding cost of education and the lack of jobs for college graduates. It's a real problem. A lot of folks are referring to it as the education bubble. Google the phrase "higher education bubble" and read some of the results. It's kind of scary.
Times are changing. It used to be if you went to college and got your degree you could be reasonably certain that you could find a "professional" job at the end of college. But nowadays the number of college graduates working at Starbucks and in retail jobs are staggering. If you are going to end up there, why pay $100,000 for college. It's a big myth. In the meantime, the segment of employment that is seeing the most growth are in technical service areas where a technical education is required not a college degree.
I have a two friends that are walking examples of this. One friend went to college for two years (on an athletic scholarship). he got hurt, couldn't play, partied to hard and flunked out/lost his scholarship. He left school and entered an electrician's apprentice program. The program was like 5 or 6 years, but during that period he started out making like $28k per year and by the end he was making $50k per year. He has been out of that program for 5 years now and is making well over six figures in Dayton. I say "in Dayton" because if you know anything about that market you know it is impressive.
My other friend graduated from high school the same year the electrician dropped out of college. He went to OSU and took out some loans to help along the way (about $40k). He got a degree in chemistry. After graduating he spent a year working at Target while looking for work in chemistry. The best job offer he got was a job at LabCorp as a tech making about $18/hour. by the way, that job did not require a college degree. So, he decided to go to law school. He paid for law school 100% on loans and a little scholarship money. He graduated in the top 25% of his law school class. When he started law school he thought he would be able to come out and make six figures. As it turned out, the best paying job offer he got was at a small firm making $50k He took the job, now works about 60 hours a week and is still making $50k. In the meantime he hasn't even put a dent into his $140k in student loans. He is driving a beat up 2002 Chrysler 300 and still has roommates because he cannot afford an apartment on his own.
Now compare the two. The electrician has no school debt. Never graduated from college. Has made about $550k since starting his electrician's training. He is married with two kids, is buying a house, and has two relatively new cars. He is working about 40-45 hours per week and has enough time to coach his son's t-ball team. All while making just over $100k per year.
Then the attorney. He has $140k in school debt. he has an undergraduate degree from OSU and a law degree from UD. In the same time period as the electrician he has made about $120k (versus $550k). He is single, has no time to seriously date. he has a roommate at a very modest apartment and drives the 2002 Chrysler. he is working 60 hours per week and last week told me he was on pace to make about $60k this year.
Sadly, this is not an uncommon story these days. Why do I bring all this up? Well, we are putting a lot of value on an education (and that's fine). but that education does not necessarily equate to a career or financial security. In fact, there are a lot of folks out there that are questioning whether or not a college degree is worth it anymore. Times have changed and continue to change and for a lot of folks, the path to financial security is not through college. In fact, college may be a hinderance to those who are borrowing money to go.
That's just BS and you know it. There is no way it costs $250k per kid per year....... no other conference spending that kind of money, the MAC schools are lucky to bring in $10 Million a year, and we are to believe we paying $25 Million just on the kids?
He is averaging in the cost for the practice fields, weights, flights, overnights, recruiting, coaches, personal trainer, medical costs, dietitians and others, he is adding in donations as part of their money.... I.e. the training center, the stadium expansion, practice fields; and is including the costs of those items into the equation at a stupid amount of money..... I bet you a million dollars, if you gave the Players a choice, do you want a full ride as is now or, $125K a year. With that you'll have to buy tuition, food, books, practice equipment; pads, shoes, socks, pay for washing these items, room, pay for insurance, gym membership..... They all would take the money. Now I'm not suggestions this at all....
I believe they should be given a small amount of spending money, each player receives the same. $100 or Maybe $50 a week, and each year the Team is in a Bowl Game, they add $5K to a Graduation Bonus..... Max on the Bonus is $25K for a five year player.
I did two sports in College, and It kept me out of trouble ..... but lets not discuss the las 4 weeks! lol. Now a days, these Kids put in 25 hours on the offseason, and it has to be close to 40 hrs during the season, plus study..... And more importantly, need time to locate punanta, sure it's easy for the super stars, but what about the lineman?
This post was edited by Ez6378 8 months ago
I aim to please...to bad I have bad aim.....
This isn't a terrible idea but we all know you will have to give every athlete on campus the same. Will mac schools have to start cutting sports out because of this?
As an accountant, why can't Gene Smith factor in the cost of weights, flights, etc. etc. etc??? They spend this money specifically for and on the football players (or a portion can be allocated to them like the weight room)......while the number might be high, those costs should still be factored into the total cost that the university spends on an athlete.....
If you are an accountant than you know damn well that is only looking at one side of the ledger. To honestly evaluate that number you put it next to the gross revenue created by the athletic department across all lines of revenue. It would be like Microsoft posting its expenses at the end of the quarter without posting its earnings. The fact is that what Gene Smith said was misleading at best and more disingenuous than revealing.
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