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<blockquote data-quote="MidtownJacket" data-source="post: 949912" data-attributes="member: 959"><p>I do believe schools broadly are failing many of the young adults who come through their doors (across the whole public education system from kindergarten through doctoral studies). </p><p></p><p>I’m fortunate to have had parents who were capable of moving to a good school system and had the education, inclination, time and financial wherewithal to be involved in my own education beyond the great teachers I had through them moving based off quality of schools, but that’s not guaranteed to our Nation’s youth. </p><p></p><p>Back to the NIL; I couldn’t agree more that the money generated by college sports has been (for far too long) concentrated in the wrong areas. Head Football Coaches making 5-10 million a year is nuts. That’s more than MANY NFL head coaches. This article is dated, but directionally still on par: <a href="https://www.sportico.com/personalities/executives/2022/highest-paid-coaches-2022-college-football-nfl-1234696735/" target="_blank">https://www.sportico.com/personalities/executives/2022/highest-paid-coaches-2022-college-football-nfl-1234696735/</a></p><p></p><p>As an example, BAMA brought in 179M in 2022 revenue from sports alone and spent 170M in the same year. Source: <a href="https://www.tuscaloosanews.com/story/sports/college/football/2023/01/31/alabama-football-financial-report-2022-debt-greg-byrne/69858097007/" target="_blank">https://www.tuscaloosanews.com/story/sports/college/football/2023/01/31/alabama-football-financial-report-2022-debt-greg-byrne/69858097007/</a></p><p></p><p>How do you not have kids who are unnaturally talented being treated differently in this scenario?</p><p></p><p>When I hear about a kid getting 250K a year to play it makes sense to me. They are, after all, the product. </p><p></p><p>What I’d love to eventually see, is college athletics investing into funding the scholarships and staffing budgets, but also provide financial literacy and estate planning to kids who schools register as being paid above a pre-set amount. A kid making essentially a stipend of a few thousand a semester can manage it, but just look at the 30 for 30 ESPN put out a decade ago: <a href="https://www.npr.org/series/pop-culture-happy-hour/2012/10/02/162162226/espns-broke-looks-at-the-many-ways-athletes-lose-their-money" target="_blank">ESPN's 'Broke' Looks At The Many Ways Athletes Lose Their Money : NPR</a> (pre NIL) it estimated 78% of NFL / 60% of NBA pros had financial problems within 5 years of retiring.</p></blockquote><p></p>
[QUOTE="MidtownJacket, post: 949912, member: 959"] I do believe schools broadly are failing many of the young adults who come through their doors (across the whole public education system from kindergarten through doctoral studies). I’m fortunate to have had parents who were capable of moving to a good school system and had the education, inclination, time and financial wherewithal to be involved in my own education beyond the great teachers I had through them moving based off quality of schools, but that’s not guaranteed to our Nation’s youth. Back to the NIL; I couldn’t agree more that the money generated by college sports has been (for far too long) concentrated in the wrong areas. Head Football Coaches making 5-10 million a year is nuts. That’s more than MANY NFL head coaches. This article is dated, but directionally still on par: [URL]https://www.sportico.com/personalities/executives/2022/highest-paid-coaches-2022-college-football-nfl-1234696735/[/URL] As an example, BAMA brought in 179M in 2022 revenue from sports alone and spent 170M in the same year. Source: [URL]https://www.tuscaloosanews.com/story/sports/college/football/2023/01/31/alabama-football-financial-report-2022-debt-greg-byrne/69858097007/[/URL] How do you not have kids who are unnaturally talented being treated differently in this scenario? When I hear about a kid getting 250K a year to play it makes sense to me. They are, after all, the product. What I’d love to eventually see, is college athletics investing into funding the scholarships and staffing budgets, but also provide financial literacy and estate planning to kids who schools register as being paid above a pre-set amount. A kid making essentially a stipend of a few thousand a semester can manage it, but just look at the 30 for 30 ESPN put out a decade ago: [URL='https://www.npr.org/series/pop-culture-happy-hour/2012/10/02/162162226/espns-broke-looks-at-the-many-ways-athletes-lose-their-money']ESPN's 'Broke' Looks At The Many Ways Athletes Lose Their Money : NPR[/URL] (pre NIL) it estimated 78% of NFL / 60% of NBA pros had financial problems within 5 years of retiring. [/QUOTE]
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