For all of those student athletes who have been short changed by universities in scholarship money, you’ll finally get it back.
Last Friday, the NCAA and eleven major conferences agree to pay $208.7 Million to settle the class-action suit filed by former student athletes who believed that their scholarships were cut illegally.
This money will cover those athletes who didn’t receive the proper stipends per their scholarships and they will be paid $6,000 each.
Now, this is just one part of many suits that the NCAA is facing about correctly paying or funding the college lifestyle of their athletes who make them billions and trillions of dollars for them every year. Naturally, the NCAA is trying to fight off these other suits like the cost-of-attendance stipend and the pay for play suit and a concussion suit about the NCAA’s mishandling of concussions.
It’s a small win for the student athlete in the respect that those who were illegally under compensated will now receive a portion of what they’re really owed. But to be honest, unless there’s a rule change and the second part of the main lawsuit is passed where athletes will receive a “fair share” and are truly paid to play, then the student athlete will always be underpaid and devalued.
Yes, having a full scholarship to play a sport is a privilege and an amazing opportunity, but when we think about the full scope of what the athletes bring to the brand and business of the NCAA, then you realize that they are still severely underpaid.
Generally, any full athlete of scholarship, depending on the university, ranges from around $200K to $250K which is supposed to cover tuition, food, room, and board. Last year, the power five conferences even passed legislation to allow their athletes to be taken care of just beyond those basic needs/requirements of the common athletic scholarship, so there’s a little leeway there, but still not enough.
On Thursday night, Duke played North Carolina in a basketball game that was promoted a couple weeks in advance on ESPN, previews by an hour long pregame show live from Duke University, broadcasted live to millions of viewers and then talked about heavily after the game. The athletes are then required to talk to the press before, during and after the game. These are things that are required of NBA athletes who get paid millions of dollars in NBA money to do those things. This game likely produced millions of dollars for the universities, the NCAA and definitely ESPN, but the athletes see so little of it.
Again, college athletes are essentially paid well if they receive full athletic scholarships, but there’s money that’s needed beyond just the common requirements in order to fund a full college life.
This lack of funds that most students have is the reason why many universities find ways to take care of their athletes by other means. It was reported that at Alabama, Nick Saban, who coaches football and owns a car dealership there, supplied his athletes with cars through the dealership. It’s obviously a useful recruiting tactic but it’s also done to give the athletes the things that they may still need beyond just tuition, room and board and books, especially when they essentially deserve these thugs because of the amounts of money they make for their universities by simply doing their thing on the playing field.
When you’re producing a large amount of money for any corporation and not getting your fair share, then you have a legitimate gripe. It’s not out of bounds for student athletes to file suits against essentially their employer about getting their fair share, that’s what anyone else in the world would do if they believed that their work and production was being severely undervalued and undercompensated.
Do you think that student-athletes should be paid to play while attending college? Let’s talk about it here or find me on Twitter @Phenombc3.