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College football is a mess
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<blockquote data-quote="takethepoints" data-source="post: 997759" data-attributes="member: 265"><p>I think the present disquiet about college football - that I share, btw - is not due to the "influence of money". As many above have pointed out, money has been an influence since the sport started. The problem is <em>scale and lack of constraints.</em></p><p></p><p>I'm in the process of reading, for about the fifth time, The <em>Financial Crisis Commission Report<em>, </em></em>the final report of the commission of the same name. (If you haven't read this, btw, either of on line and do so or buy a hard copy.) The level of irresponsible risk taking and sheer unadulterated greed outlined therein are a useful lesson for all Americans. And the parallels to college football are very telling. Mindless consolidation to maximize revenues? Check. Rating services selling their services to all comers - especially colleges - to enhance the reputations of their programs? Check. Executive salaries out of all proportion for those "bringing in the revenues"? Check. Constant competition for "star talent"? Check. Lack of any regulation of the base processes, like, at all? Check. A constant bubble of salaries and prices (tickets, in this case) driven by investor ("booster") bidding? Check. An increasing divergence between basic institutional and social goals and a drive for recognition and "market" approval? Check.</p><p></p><p>Modern college football hasn't done anything all that new any more then the financial system did before "The Madness" that led to the Great Recession. Money has always been a force in both areas. MBS securities have been around since the 30s and so have recruiting scouts. And so on and so on. What has happened is that, just like the financial world, college football has succumbed to a variety of forces that have combined to create machines to dangle money in front of football programs in such amounts and in such new and complex forms that the sport has pretty much lost its connection to collegiate education.</p><p></p><p>This is too bad and I'm upset about it. I love college football at all levels and I feel it does have a useful role to play when it is not drunk on its receipts. It is, I think, unlikely we'll get the sport to govern itself. At one time it could, but the disparities in power between the NCAA and most major college programs have become too great. I see four ways out. 1) the colleges get rid of "scholastic" football aid and the entire sport - and all the others - go Div III. 2) The NCAA casts out the P5 programs (or vice versa) and tells them to seek professional tie-ins (this might come anyway). 3) The colleges decide to imitate the NBA and lay on restrictions to equalize competition. 4) Congress steps in and settles everybody's hash for them. I wish I though otherwise, but I think sooner or later the schools who find themselves uncompetitive will ask for 4. And get it, good and hard.</p></blockquote><p></p>
[QUOTE="takethepoints, post: 997759, member: 265"] I think the present disquiet about college football - that I share, btw - is not due to the "influence of money". As many above have pointed out, money has been an influence since the sport started. The problem is [I]scale and lack of constraints.[/I] I'm in the process of reading, for about the fifth time, The [I]Financial Crisis Commission Report[I], [/I][/I]the final report of the commission of the same name. (If you haven't read this, btw, either of on line and do so or buy a hard copy.) The level of irresponsible risk taking and sheer unadulterated greed outlined therein are a useful lesson for all Americans. And the parallels to college football are very telling. Mindless consolidation to maximize revenues? Check. Rating services selling their services to all comers - especially colleges - to enhance the reputations of their programs? Check. Executive salaries out of all proportion for those "bringing in the revenues"? Check. Constant competition for "star talent"? Check. Lack of any regulation of the base processes, like, at all? Check. A constant bubble of salaries and prices (tickets, in this case) driven by investor ("booster") bidding? Check. An increasing divergence between basic institutional and social goals and a drive for recognition and "market" approval? Check. Modern college football hasn't done anything all that new any more then the financial system did before "The Madness" that led to the Great Recession. Money has always been a force in both areas. MBS securities have been around since the 30s and so have recruiting scouts. And so on and so on. What has happened is that, just like the financial world, college football has succumbed to a variety of forces that have combined to create machines to dangle money in front of football programs in such amounts and in such new and complex forms that the sport has pretty much lost its connection to collegiate education. This is too bad and I'm upset about it. I love college football at all levels and I feel it does have a useful role to play when it is not drunk on its receipts. It is, I think, unlikely we'll get the sport to govern itself. At one time it could, but the disparities in power between the NCAA and most major college programs have become too great. I see four ways out. 1) the colleges get rid of "scholastic" football aid and the entire sport - and all the others - go Div III. 2) The NCAA casts out the P5 programs (or vice versa) and tells them to seek professional tie-ins (this might come anyway). 3) The colleges decide to imitate the NBA and lay on restrictions to equalize competition. 4) Congress steps in and settles everybody's hash for them. I wish I though otherwise, but I think sooner or later the schools who find themselves uncompetitive will ask for 4. And get it, good and hard. [/QUOTE]
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