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CLICK HERE to Register for a free account and login for a smoother ad-free experience. It's easy, and only takes a few moments.Instead of using your made-up numbers, let's use the real numbers:
"According to filings college athletic departments make with the U.S. Department of Education, Ohio State is only the seventh most profitable team to go to a bowl this year, with revenue in the football program exceeding expenses by $28.5 million during the 2005-06 school year. Meanwhile Florida is No. 5, with an operating profit of $32.4 million."
Florida had profit edge over Ohio*State even*before upset - Jan. 8, 2007
These programs are making enormous piles of cash on the backs of the players. The coaches make millions. The NCAA and the colleges own the rights to the players images and names and make hundreds of millions of dollars every year licensing the players' property (their likenesses and images) to EA Sports and others. The only people that don't get compensated are the most deserving of compensation. This is called exploitation, and although it seems a lot of posters resent the special treatment athletes get while on campus, these posters are simply missing the bigger picture. It's beside the point whether a player decides to hit the books. He is WORKING, in many cases, 50+ hours a week for the football program. Why should he not be compensated at a market rate like anyone else who works for an employer? Why should he feel obligated to study? He is a football player, not a student. Because college football is a monopoly, there is no market for his services, so he is stuck, working for the school for four years for a scholarship that costs the school only a nominal amount, while he helps bring in the insane profits noted in the newstory above. The NCAA and the schools have fooled the world with the "student-athlete" moniker, allowing them to pocket enormous profits and avoid obligations like paying salaries or unemployment benefits.
Try this instead, and watch how schools hide the money they lose:
http://www2.indystar.com/NCAA_financial_reports/revenue_stat/show
Now, choose Florida State because that's where Cromartie is from.
Florida State makes $18,349,000 in revenues.
Now, look at what those revenues come from:
$1 million is school guarantees. Every school funnels some money into the programs. Then look to the right at non-specific revenues. Almost $5 million in student fees. $2.5 million from the endowment. $1.5 million in other, whatever that is. Florida State has 240 athletic scholarships for men and women, with football taking 85, a little more than 33%. When you divide the number up, you realize that the school contributes more than $3 million to the football program.
So then look at expenses:
They have $11.7m in expenses so they make a profit of 6.6million. They pay the school 1.7million for tuition for players. How much do they give back to the school? A BIG FAT ZERO. That $6 million stays in the athletic department as you can see by the bottom line where only $164,000 remains after funding the programs (likely women's sports which they are required to fund by law).
Then there's the hidden cost: $17,000 is the reimbursement that the football program sends to the school for each student. But the cost of education per athlete far exceeds that. The average at the top American universities for state schools is in the $40k to $45k range. That's for education alone and not housing and room & board, books and fees. So, in essence, the athletes are getting $40k in education and $14k in living expenses, while the athletic department is paying back $17k. That $1.7 million reimbursement should be 3.5x higher from the football program to the school, and it constitutes a $5 million subsidy.
These are the real numbers. You take the $5 million subsidy for the cost of educating each student and add it to the $3 million subsidy above that is the proceeds from student fees and university support, and suddenly the football programs $6.6 million profit (which is rolled into the athletic department) becomes a $1.4 million loss to the university.
And even if after all this you argued that football players should be paid, what do you pay them? Do you pay them a different salary? And what do you tell all the other workers who get much less money than the football players are currently getting, workers who actually bring more value to the university's core mission?
I wish I could do this and not read...
I seriously doubt his reading level is that low. He wouldn't even be in the NFL.
1. See the $16 million contribution figure under non program specific revenues? I'll give you one guess as to where 99% of that is headed. Most of the other schools in that database break contributions down by program (with almost all going to football) - FSU is trying to be sneaky by lumping it in their nonspecific category. Add that to football revenues, also add apparel, program, advertising, group licensing, and all other kinds of revenue and you might get a sense of the real number.
2. The market sets the rate.
3. What do you tell people that make less? They are not in possession of talents that can make their employer lots of money. The athletes are.
4. How do you define value? Some psychology professor that writes a bunch of "scholarly" articles that no one ever reads brings more "value" than a player that is part of team that brings more than $50M of revenues to the school per year (in the case of UF)?