Why College Athletes Should be Paid

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Why College Athletes should be Paid Due to National Collegiate Athletic Association (NCAA) rules and regulations no college athlete is able to receive any compensation or endorsement while participating in college athletics. These rules have long been challenged, however no changes have been made by the NCAA. With universities grossing close to $200 million a year college athletics has turned into one of the top industries in the world. The NCAA is a governing body of college athletics, but without people questioning the NCAA and demanding changes to the monopoly that the NCAA is nothing will happen to the unfairness to college athletes like it is currently. In business dealings around the world, a formula is used to see how much market value a person, property, or business has right now, this formula is called fair market value. In today’s college athletic landscape major programs have players with a fair market value that exceed hundred of thousands of dollars. For example, the University of Texas football players have a fair market value of $578,000 and Duke University basketball players have a fair market value that exceeds $1 million (Rickman, 2013). These type of insanely high amounts of money are seen all over college athletics. Now with the fair market value the players receive forty percent of all revenue that the college brings in that calendar year. What that means is that college athletes bring in over sixty percent more money to their university then the fair market value. In 2011 alone the University of Texas grossed over $183 million, yet as of right now college athletes are receiving absolutely nothing. (Jessup, 2013) College athletes work hard and in return major college officials and NC... ... middle of paper ... ...January 13). Study: College athletes are full-time workers. Retrieved from UsaToday.com website: http://usatoday30.usatoday.com/sports/ college/2008-01-12-athletes-full-time-work-study_N.htm Miami football loses 9 scholarships, basketball 3 to NCAA sanctions. (2013, October 23). Retrieved from Fox Sports website: http://msn.foxsports.com/ collegefootball/story/ miami-lose-nine-football-scholarships-over-three-years-booster-scandal-102213 Parsons, K. (2012, March 12). NCAA hands down sanctions to UNC football program. Retrieved from DailyTarHeel.com website: http://www.dailytarheel.com/ article/2012/03/ncaa_hands_down_sanctions_to_unc_football_program Sonny, J. (2012, September 5). Why College Athletes Should Be Paid. Retrieved from EliteDaily.com website: http://elitedaily.com/sports/ college-athletes-paid/
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