DerpaDerp
Herring, I need some
- Joined
- Nov 5, 2011
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- California Democratic Assemblyman Chris Holden, who represents Pasadena, has introduced legislation that he is calling the College Athlete Protection Act, which would gut all non-revenue raising college athletics and cripple the ability of any California school to compete in football on the national stage.
- Under Holden’s bill, all Division I schools would be forced to pay all of their scholarship athletes their “fair market value.” What is each athlete’s fair market value, you ask? According to Holden, each student athlete is worth an equal share of half their team’s annual revenue, minus the cost of their scholarships.
- So let’s say Trojan football earned $100 million and the Trojan football team had 50 scholarship players. That would mean every player, from Heisman Trophy winning Caleb Williams to the backup punter, would each get $1 million. That’s their “fair market value,” according to Holden.
Oh, but it gets even better. College athletics are not like for-profit businesses. Excess profits don’t go into the owners' pockets. There are no owners. Football and basketball revenues go to pay coaches' salaries and subsidize each school's non-revenue earning sports. So for every dollar Holden’s legislation transfers from the athletic department to revenue-raising athletes, that is a dollar taken from either a coach (like Lincoln Riley) or a fellow athlete — perhaps a women’s softball player or a wrestler.
Ahhh… but Holden has anticipated this! If just one coach at a school makes more than $500,000 a year, his legislation suspends the athletic director for three years if he eliminates sports to help pay for the new player revenue sharing system.
The line in the legislation is $500,000 a year. Riley is making almost $10 million.
So if Holden’s legislation became law, athletic directors would face a tough choice: either get suspended, or cut all coaches' salaries to just $500,000 a year.
The sports system is dying like a Syphilitic *****. This is the start. It wont pass now, but it will pass eventually.