iceeater1969
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Hey, lets let the players cut by nfl return to "school" .
Why just 4 years?
I knew gt guys that took 6 years
House vs. NCAA
- Thread starter MacDaddy2
- Start date
Why just 4 years?
I knew gt guys that took 6 years
forensicbuzz
21st Century Throwback Dad
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It’s coming. I think once the school aspect goes away, the limitation of 5 to play 4 goes away.
alagold
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If you take out 29 mil for players, how do you pay the coaches those salaries and do the infrastructure (bldgs, stadium, etc too?
cpf2001
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GTAA had operating expenses of ~75M in 2015 and operating revenue of ~66M - doing math based on some quotes from https://www.fitchratings.com/resear...outlook-stable-07-01-2016#solicitation-status ("Available funds, defined by Fitch as cash and investments not permanently restricted, totaled $86.7 million as of June 30, 2015, covering a solid 115% of operating expenses.") ("Maximum annual debt service (MADS) of about $42.3 million is expected to occur in fiscal 2020 and represents a very high 64.1% of fiscal 2015 operating revenues")
By 2024 revenue was much higher and we get a more direct figure: "Established in 1934, GTAA is a nonprofit organization charged with administering the athletic programs of GIT. Operating revenues were $112 million in fiscal 2023." (https://www.fitchratings.com/resear...-series-2024-revs-a-outlook-stable-13-11-2023) My quick ctrl-f isn't finding "operating expenses" in that one but it doubtless has gone up; nonprofits often spend what they bring in especially when they have other fundraising for capital projects.
If it's THAT hard to move some of that new revenue around and cover those expenses that can't be reduced, then there's a management problem, since the writing has been on the wall.
By 2024 revenue was much higher and we get a more direct figure: "Established in 1934, GTAA is a nonprofit organization charged with administering the athletic programs of GIT. Operating revenues were $112 million in fiscal 2023." (https://www.fitchratings.com/resear...-series-2024-revs-a-outlook-stable-13-11-2023) My quick ctrl-f isn't finding "operating expenses" in that one but it doubtless has gone up; nonprofits often spend what they bring in especially when they have other fundraising for capital projects.
If it's THAT hard to move some of that new revenue around and cover those expenses that can't be reduced, then there's a management problem, since the writing has been on the wall.
bhoffman123
Georgia Tech Fan
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So the NCAA gave out punishments for compensating players to play and now the lawsuit looks to punish schools for not paying players. There has to be a legal argument that would protect schools and put the blame on the NCAA. Makes sense to me that they foot the bill and perhaps even shut down.
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It will be interesting to see what happens with international athletes on F-1 and M-1 visas if athletes are declared to be employees. They cannot be employees while in the US on those visas.
g0lftime
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Guess they could apply for a work permit.
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Work permits often take years and require the applicant to show why a person already in the US can't or won't do that job.
RonJohn
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But that is like someone suing an HOA. The HOA can only pay if the homeowners pay. The HOA would have to use reserve funds or have assessments paid by the homeowners. The NCAA is nothing but a collection of colleges. All of the money the NCAA has or receives is money that is paid by or the result of work by the individual colleges. There is no way for the collection of colleges to pay separately from costing the colleges money.
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The professional leagues that have a large contingent of international players such as NHL and MLB have figured it out. I'm pretty sure the big $$$ from NCAAF can grease the bureaucratic skids.
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The problem is the 25,000 international athletes in US colleges. That's a lot of grease.
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True, but I wouldn't be shocked to see an exemption carved out for college athletics. Way too many senators and representatives invested in their respective states universities. It is an interesting example of one of the many unintended consequences we are likely to see arise after the smoke clears from the ruling.
bhoffman123
Georgia Tech Fan
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I guess it depends on how the HOA or NCAA is structured. In the HOA I had experience with, it could go bankrupt without passing on the liability of debt to its member households (At least past already committed dues or approved special assessments). I don't know the NCAA legal incorporation documents to know if that analogy holds.
RonJohn
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What if the lawsuit against the HOA was for the actions of the homeowners in agregarte? If the HOA went bankrupt, then the plaintiffs could just sue the individual homeowners who committed the damaging actions.
In the case of House vs NCAA, they also listed the P5 conferences. So if the NCAA were able to go bankrupt, then the class of the lawsuit could get the money from the P5 conferences. If all of the P5 conferences go bankrupt, then I would think the plaintiffs could refile the lawsuit against the individual schools. Not a lawyer, but it would be difficult for the non-bankrupt athletic association to say both that it is not the NCAA/conference that has a judgment against it and at the same time say that the lawsuit against them had already been decided.
The big problem for an easy out such as bankruptcy is that the allegation is a collaborated action to prevent players from being able to profit from their NIL. There probably are legal arguments and tactics. But is seems silly to me to argue that you aren't individually responsible for your actions because you were following the group. (that you happen to be a voting member of) That sounds to me like someone defending themselves from burglary charges by claiming that a large group was looting an electronics store during a blackout and people were yelling at them to grab a TV. In House vs NCAA, if it is against the law to agree in aggregate to withhold financial opportunities from student athletes, then every single school is responsible for violating that.
alagold
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could you tell the difference?
stinger78
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I don't know, but it would all be relative. The main issue is not can our team closely approximate a pro team. It is can out team excel on the field against other teams in the same league/college division with us.
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The judge did not accept the proposed settlement yesterday.
Basically said that putting limits on NIL collectives or restaining how much money athletes make probably would not pass legal muster.
Gave the parties three weeks to come up with a new deal or there might be a trial. The lawyer for the NCAA Said that based on the judge's comments he is not sure there is a deal.
Frankly, it feels like Congress is going to have to get involved and pass something similar to pro leagues with anti-trust protection and collective bargining or the college sports industry is likely to go completely off the rails with a handful of schools spending insane amounts of money and everyone else being left behind.
Basically said that putting limits on NIL collectives or restaining how much money athletes make probably would not pass legal muster.
Gave the parties three weeks to come up with a new deal or there might be a trial. The lawyer for the NCAA Said that based on the judge's comments he is not sure there is a deal.
Frankly, it feels like Congress is going to have to get involved and pass something similar to pro leagues with anti-trust protection and collective bargining or the college sports industry is likely to go completely off the rails with a handful of schools spending insane amounts of money and everyone else being left behind.
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They are doing their darndest to kill the geese that lay the golden eggs. They don't care, as long as it get theirs.