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Posted
14 hours ago, fishbane said:

Look up form 990 for any private non-profit university in the country.  This is the informational return non-profits must file with the IRS.  It will include both revenue from athletics and revenue from tuition and fees.  It's all revenue of the university.  It will also include athletic department salaries in the expenses just like salaries of professors.

If you are trying to say that from a budget perspective a school like Penn State allows the athletic department to keep and spend all of its revenue that is somewhat misleading.  One expense for many athletic departments that are "their own entity" have js "Athletically related student aid" or in other words athletic scholarships.  So the athletic department earns revenue that they get to keep except that they have to pay the tuition of all their scholarship athletes into the academic budget.  For a football team with 85 scholarships this is millions of dollar in tuition revenue.

This isn't additional revenue.  On average athletes, prob especially football, are taking a spot that a higher ACT/SAT student could have had and such student would be paying tuition.  The AD is just making up for tuition that would've been recieved.   This however doesn't compensate for the student who was qualified but didn't get admitted. A lot of universities have athletic scholarship positions endowed so the tuition  payments aren't in such cases coming from new TV etc. revenue.  If athletes are paid then they will need to pay taxes and pay there own tuition.  

2BPE 11/17/24 SMC

Posted

Will the athletes be considered “property of th university or college? And be used in ways other than their athletic ability to generate income for the university now hat they are paid employees. Not independent contractors. 1099. Sort of turn the NIL thing  around for the schools.  

Posted
13 hours ago, boconnell said:

People love to talk about how misguided colleges focusing on sports is.  I am not sure that what you learn in academics actually applies more to life than what you learn in athletics.  I bet NCAA D1 athletes hit traditional success markers at a greater rate than those who obtain Bachelors of Arts or Sociology or similar degrees (and I say that as a holder of an English Literature degree).  

It depends on the job. If you want a job that requires a college education, then the degree is better.  If you want one that only needs competitiveness/athleticism, then being good at sports is better.  The idea behind college athletic scholarships was the concept that having both is better than having either. Your English literature degree is useful for a number of different careers that are important, although many probably don't pay as well as some high skilled blue collar jobs. 

Posted

According to an article in The Athletic, school administrators believe that when universities share their revenues with athletes, the amount shared does not have to be equal between individual athletes or teams. Of course, football and to a lesser extent men's basketball are the moneymakers. So I expect any revenue sharing to be built to benefit those programs.

However, according to the same article, when universities share their revenues with athletes, school administrators also believe that the amount shared will have to be equal between men's and women's teams. So for every dollar of pay a school sends to an athlete on a men's team, another dollar will go to an athlete on a women's team. That will be amazing for the women who get paid -- but, of course, it will result in less money being available to non-revenue-generating men's sports like wrestling.

All in all, I think it should be obvious that wrestling is in for a tough time.

Posted

Our sport has been cooked for years. It’s just took a while for the big guns ( who are more like pea shooters) to finally acknowledge our demise. 

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