Wednesday, March 21, 2012

Paying College Athletes

Let's not be naive, college athletes are getting paid. While they may not be getting an hourly wage or bimonthly paychecks, they are receiving benefits for what they do. These include non-monetary benefits like tuition, room and board, health insurance, and on the job training (coaching). Some even receive monetary benefits in the form of stipends.

Often you hear hear the repeated call to the top college athletes more because they produce more revenue for the university. Once you start providing actual wages to student-athletes there are many issues that need to be dealt with. Taxes, Title IX, strikes, and the continual incentive to receive illegal payments.

So what is the solution? A former agent who admittedly paid student-athletes illegally has a solution. It seems simple and merits consideration. Here is the Link.