Vespidae
Helluva Engineer
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- Auburn, AL
Back in the day, a scholarship might have been a good deal. But the NCAA, conferences, schools, TV networks, apparel makers and Bowls are now making Billions on college sports. IMHO, a scholarship is not a fair cut for the folks putting in the labor.
Let's put this in perspective. The schools (I refer to them as schools, but they are mostly the athletic departments which may or may not be part of the school) are earning $10.9 billion from their athletic programs. However, these same schools had costs associated with their athletic programs of $10.6 billion. The net effect is that 230 schools are generating about $250 million. Of that, ten schools earn 80% of that figure. 88 schools lose money.
So for all the REVENUE generated, it's hardly raining money from heaven.
As to the students not getting a cut, so what? GE earns billions … labor doesn't participate in that. They get what they contracted for.
The idea that sports as part of a university education is necessary to round out the individual is an outdated concept. Money is all over the place now and I fear will bring out the worst in people.