College tuition has been increasing year after year to the point where it's getting too expensive to afford. According to college colleges in New York 8,000-22,000 for a public 4-year college. Around 43.4 million borrowers who go to college have federal student loan debts according to education data. ¨I think college athletes should be paid because they're being exploited¨- Kareem Abdul Jabbar. The NCAA makes over a billion dollars each year off college athletics and not one penny goes to the actual athletes. This is one of the biggest debates in college athletics right now. This debate has been going on for decades now.
Many would argue that paying college athletes would help to begin creating a sense of financial awareness. Another benefit would be it will help college athletes with personal finance for when they do get to the big leagues and start getting paid, many high-level athletes struggle with finance after retirement but if they start getting paid in college it will build that financial awareness for when they do decide to retire. According to the ESPN documentary Broke, 60% of NBA players go broke after five years of retirement, also 78% of NFL players file for bankruptcy 2 years after they retire. Three main reasons major athletes go broke after retirement are, a lack of financial knowledge, Overspending, and Poor investment decisions. This is why if they start getting paid in college it will help them with that financial knowledge so that they don't have to go through bankruptcy after retirement. Also if colleges began to pay their athletes it would help build a foundation of financial stability.
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Another very popular argument is that playing sports in college is very time-consuming and college athletes need to spend money just like other college students. According to the NCAA an average Division 1 athlete spends 35.4 hours a week during the season which gives barely any time to work. According to the same NCAA survey, an average college division 1 player spends 2% of their time each week at jobs. Due to a decision by the U.S. Supreme Court, collegiate athletes are now able to profit from their name, image, and likeness. According to a 2021 article the NCAA still prevents universities and colleges from paying college athletes. The NCAA thinks that this will enable student-athletes to seek endorsements, sell merchandise, and use their social media accounts to make money. This is very unfair to a student-athlete, college sports generate over 18 billion dollars in revenue each year for athletic departments. College athletes see 0% of that money due to the NCAA.
College tuition has been increasing year after year to the point where it's getting too expensive to afford. According to college colleges in New York 8,000-22,000 for a public 4-year college. Around 43.4 million borrowers who go to college have federal student loan debts according to education data. ¨I think college athletes should be paid because they're being exploited¨- Kareem Abdul Jabbar. The NCAA makes over a billion dollars each year off college athletics and not one penny goes to the actual athletes. This is one of the biggest debates in college athletics right now. This debate has been going on for decades now.
Many would argue that paying college athletes would help to begin creating a sense of financial awareness. Another benefit would be it will help college athletes with personal finance for when they do get to the big leagues and start getting paid, many high-level athletes struggle with finance after retirement but if they start getting paid in college it will build that financial awareness for when they do decide to retire. According to the ESPN documentary Broke, 60% of NBA players go broke after five years of retirement, also 78% of NFL players file for bankruptcy 2 years after they retire. Three main reasons major athletes go broke after retirement are, a lack of financial knowledge, Overspending, and Poor investment decisions. This is why if they start getting paid in college it will help them with that financial knowledge so that they don't have to go through bankruptcy after retirement. Instead of putting the money in the athlete’s hand, the majority of it goes to the coaches. In the past, Florida Gators coach, Steve Spurrier, signed a six-year contract for over $2.5 million a year, not including benefits. Also, the Iowa State basketball coach earned $1.1 million a year. A scholarship-athlete can’t receive $200 a month but his coach can get $2.5 million a year. Who is the one playing the game, the coach or the athlete? Without the players, coaches would not get paid as much as they do. Nobody goes to the college game to see the coach in action, they go to see the players.
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