Calipari takes on the NCAA

[BoulderSooner]

also of note is that a very high % of football and basketball player receive pell grants that do not have to be paid back

 

[Section31]

also of note is that a very high % of football and basketball player receive pell grants that do not have to be paid back

Yep. The notion that they can't get money is a HUGE lie

 

[SoonerBounce13]

And if the player does not make a professional roster the loan is forgiven. .

in other words, the loan would be paid back by everybody else. no thanks.

I have no issues if they want to go get loans, but it makes zero sense that the balance should be forgiven for any reason

 

[Section31]

in other words, the loan would be paid back by everybody else. no thanks.

I have no issues if they want to go get loans, but it makes zero sense that the balance should be forgiven for any reason

It's the new American way, bounce. You know everyone gets a trophy, everyone gets free money, etc

 

[snydrosooner]

There is nothing more free market than allowing Adrian Peterson or Blake Griffin take out $50,000 loan while they are at OU from a major financial institution. That's the proposal that makes the most sense of them all.

This is why the players need a union. To negotiate a loan like that where the player commits to using that financial institution upon turning professional. And if the player does not make a professional roster the loan is forgiven. Let Chase & Wells Fargo, etc compete for these players business based on their true worth.

Then you would see some guys stay in school especially in hoops.

And guess what, Cade Davis goes and applies they are going to turn him down. Same with Eric Bassey. If the loans are non recourse they banks will determine who is a worthy risk. And you could't Jim & Bobs Alabama bank participate because they would use the system to funnel $ to players to attend Alabama. Would have to only be the big dog banks with a fiduciary responsibility to their shareholders.

Problem with that is that schools like Alabama, Kentucky and others will always find a bank to give the loans to all athletes. There would be no competing. It would just be a donation to the school by the finacial institution. In other words, legalized cheating. ( according to the current rules. ) YOu would either have to give no loans, or everyone has to pay them back.

 

[campbest]

Although some of it seems simple and a no-brainer, none of it is practical. About 10 schools can afford this.

...but yet smaller schools have no problem paying a football coach in excess of $1mm a year with an AD at $750k and three assistant ADs at $250k each.

The "schools can't afford this" stance is relevant and needs to be accounted for, but only in the right context. A lot of these schools run deficits with their university by choice. You want to claim you can't afford an extra amount for some athletes, cut your overhead. It's not hard.

Like I said last week, if I was evaluating a business that had flat COS but consistent revenue growth and large executive salaries, I would put my name in the hat for that position too. There is a reason all of these JDs, MBAs, CPAs etc got in the game, they are shielded from any fiduciary responsibility.

That leads into the university financial bubble which is currently forming across the country, but that is a whole other topic which needs to be addressed at some point.

The transfer rule would wreck a university.

That's not the students fault. A school can offer a one year scholarship and take it away upon the annual renewal, but a kid can't leave on his own accord (in good academic standing) without punishment from the school. Guarantee 4 years of a scholarship to make it more equitable.

Seems a bit unfair, doesn't it?

 

[DenverSooner]

There is nothing more free market than allowing Adrian Peterson or Blake Griffin take out $50,000 loan while they are at OU from a major financial institution. That's the proposal that makes the most sense of them all.

This is why the players need a union. To negotiate a loan like that where the player commits to using that financial institution upon turning professional. And if the player does not make a professional roster the loan is forgiven. Let Chase & Wells Fargo, etc compete for these players business based on their true worth.

Then you would see some guys stay in school especially in hoops.

And guess what, Cade Davis goes and applies they are going to turn him down. Same with Eric Bassey. If the loans are non recourse they banks will determine who is a worthy risk. And you could't Jim & Bobs Alabama bank participate because they would use the system to funnel $ to players to attend Alabama. Would have to only be the big dog banks with a fiduciary responsibility to their shareholders.

How is a union or that contract free market?

The loans are a bad idea because only a small percentage of athletes would be in the position to repay the loans with wages from playing sports but they all will think they will be in that position. These are kids regardless of their legal age.

 

[Section31]

...but yet smaller schools have no problem paying a football coach in excess of $1mm a year with an AD at $750k and three assistant ADs at $250k each.

The "schools can't afford this" stance is relevant and needs to be accounted for, but only in the right context. A lot of these schools run deficits with their university by choice. You want to claim you can't afford an extra amount for some athletes, cut your overhead. It's not hard.

Like I said last week, if I was evaluating a business that had flat COS but consistent revenue growth and large executive salaries, I would put my name in the hat for that position too. There is a reason all of these JDs, MBAs, CPAs etc got in the game, they are shielded from any fiduciary responsibility.

That leads into the university financial bubble which is currently forming across the country, but that is a whole other topic which needs to be addressed at some point.



That's not the students fault. A school can offer a one year scholarship and take it away upon the annual renewal, but a kid can't leave on his own accord (in good academic standing) without punishment from the school. Guarantee 4 years of a scholarship to make it more equitable.

Seems a bit unfair, doesn't it?

They truly have little value in the grand scheme of things. Kids like Lane Johnson owe Bob Stoops and OU a crap ton for the job they did guiding him. Players make way more than their true value. See my summary of what the school invests in my daughter annually.

 

[Section31]

This is all about spoiled, entitle kids...PERIOD.

 

[bocabull]

How is a union or that contract free market?

The loans are a bad idea because only a small percentage of athletes would be in the position to repay the loans with wages from playing sports but they all will think they will be in that position. These are kids regardless of their legal age.

That's the point and why only a small percentage of athletes would receive the loans. The banks giving the loan would decide who gets what based on their underwriting. Just like they did during the housing bubble. Private banks engaged in risky lending on jumbo loans due to lax regulation and as always the house came tumbling down.

Unions are the perfect example of a free market. Collective bargaining evens the playing field. A free market does not equal exploitation.

Chase Private Bank or Wells Fargo Wealth management are smart enough to decide who is worthy of the loans and what risk to take. They are smart enough to calculate what Adrian Peterson being a client of the advisory services for at 2% of his assets under management is worth.

It amazes me how finically & economically gullible people are. These dogma ideologies take on a life of their own. lol @ everybody should own a house, everybody should get a trophy, everybody will pay for a no recourse loan, anti union garbage, etc. Clown talk.

 

[campbest]

This is all about spoiled, entitle kids...PERIOD.

It's about having a voice.

I don't agree with paying athletes a ton of money, graduating college debt free is probably one of the greatest gifts I received in my lifetime, I get it.

But that doesn't mean tweaks to the system shouldn't be made. The one year scholarship rule is a perfect example.

 

[campbest]

How is a union or that contract free market?

The loans are a bad idea because only a small percentage of athletes would be in the position to repay the loans with wages from playing sports but they all will think they will be in that position. These are kids regardless of their legal age.

You know how loan valuation happens on the free market, right?

 

[Section31]

It's about having a voice.

I don't agree with paying athletes a ton of money, graduating college debt free is probably one of the greatest gifts I received in my lifetime, I get it.

But that doesn't mean tweaks to the system shouldn't be made. The one year scholarship rule is a perfect example.

I wouldn't mind a 4 year guarantee at all. The problem with them having a voice is they don't even know what they want/need. What we DON'T need is a band of legal types to accomplish that.

If you polled all D1 athletes and asked them what they wanted, I'm going to bet 99.9% say money. I'd bet the 4 year guarantee isn't a top 10 concern.

 

[WTSooner]

Chase Private Bank or Wells Fargo Wealth management are smart enough to decide who is worthy of the loans and what risk to take. They are smart enough to calculate what Adrian Peterson being a client of the advisory services for at 2% of his assets under management is worth.

Not when they have fans of teams working for them.

 

[campbest]

I wouldn't mind a 4 year guarantee at all. The problem with them having a voice is they don't even know what they want/need. What we DON'T need is a band of legal types to accomplish that.

If you polled all D1 athletes and asked them what they wanted, I'm going to bet 99.9% say money. I'd bet the 4 year guarantee isn't a top 10 concern.

It goes back to meeting somewhere in the middle when it comes to change, which is where this whole thing will end up. When I negotiate a salary, sure don't give my market value, I am going to swing for the fences and work my way back. This is no different.

However, in order to negotiate to the middle, you have to get a seat at the table.

 

[WTSooner]

Why so much talk about the renewable scholarships? I know it happens at some places.....Bama football being one of them, but how many times have you heard about a kid's scholarship simply not being renewed? Not often. And even if they are made 4 year contracts, if a coach wants a kid gone, scholarship or not, that coach is going to find a way to run that kid off.

 

[campbest]

Why so much talk about the renewable scholarships? I know it happens at some places.....Bama football being one of them, but how many times have you heard about a kid's scholarship simply not being renewed? Not often. And even if they are made 4 year contracts, if a coach wants a kid gone, scholarship or not, that coach is going to find a way to run that kid off.

The "it's probably in your best interest to transfer" conversation happens quite a bit, especially coach turnover.

So a coach is allowed to run a kid off if he doesn't want him, but then the kid has to sit a year? How does that make sense? As much as some people don't want to admit it, you pick a school based on the coaching staff...yes there are other variables but that is one of the largest. Much like you'd want to know who your boss was going to be when you take a job before accepting.

 

[bocabull]

Not when they have fans of teams working for them.

This issue is easily solved by only allowing publicly traded banks to participate.

Again I can't see how in the world it's anybodies business if Blake Griffin or Adrian Peterson are allowed to borrow money as an advance on their inevitable contract. There are insurance policies to cover injuries.

It's about control. And section, you're daughter is only able to receive what she does because Johnny Manziel is not allowed to receive fair value for his services.

 

[Section31]

It goes back to meeting somewhere in the middle when it comes to change, which is where this whole thing will end up. When I negotiate a salary, sure don't give my market value, I am going to swing for the fences and work my way back. This is no different.

However, in order to negotiate to the middle, you have to get a seat at the table.

They aren't being hired. They are given something on potential that has nothing to do with their "job". They are there to go to school. They are paying for that by putting in some work. How hard is that to understand? How loud will you cry when there's a 20% cut in athletic scholarships across the country because of this selfishness? If that many students miss out on an education because you and the 1% of all athletes undervalued the return you were getting, is that acceptable? Athletes as a general rule, are some of the worst students in the entire University, yet they get the most perks, and that's not good enough? 99% have little to no value to a university and you know it.

 

[WTSooner]

This issue is easily solved by only allowing publicly traded banks to participate.

And that is the point I made earlier. In order to cover all your bases, and ensure these rules don't allow massive loopholes for cheating, you have to create even more rules. It will never end. The rule book will either double in size, or there will be so many holes, that cheating will become even more rampant.