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College sports (football and men's basketball, anyway) haven't been amateur for many, mnany years now....when so much TV $$$ sloshed into the game, the amateurism went the way of the Sewanee football team.....
There's so much money at stake, wouldn't it be better if it was all transparent and, as a result, taxed as income?
Let a kid get what he can get. Let the kid have to break something off for his handlers. Let them evaluate opportunities and make a decision. Let both of them pay taxes on it.