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Essay about Why College Athletes Should be Paid

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Why College Athletes should be Paid Due to National Collegiate Athletic Association (NCAA) rules and regulations no college athlete is able to receive any compensation or endorsement while participating in college athletics. These rules have long been challenged, however no changes have been made by the NCAA. With universities grossing close to $200 million a year college athletics has turned into one of the top industries in the world. The NCAA is a governing body of college athletics, but without people questioning the NCAA and demanding changes to the monopoly that the NCAA is nothing will happen to the unfairness to college athletes like it is currently. In business dealings around the world, a formula is used to …show more content…

For example at the University of Texas an in state tuition is worth around $4,000 while out of state tuition is worth around $11,000. Now as previously stated, Texas football players’ fair market value is at $578,000 per year. So at the very least there is $567,000 per player that we really do not know where it goes. I understand that college athletes do not deserve all the money they bring in but if one really thinks about it there is no where else in the world of economics is there a person that spends over forty hours a week and brings in $500,000 per year for their institution, yet they are only compensated $11,000. The numbers do not match up. (Frommer, 2013) These numbers definitely do not match up when one takes into account coaches salaries. The average coaching salary in NCAA division 1 basketball is a massive $1.47 million per year. With Duke’s head coach, Mike Krzyzewski, making the large sum of $7.2 million per year . While Duke’s athletic director, Kevin White, brings in close $1 million per year. After looking over these stats, one quickly realizes why college athletes are not being paid. In 40 of the 50 states in the United States of America the highest paid public employee is not a government official, but the head coach of a college football or basketball team. In North Carolina the average income per household $45,570 while the tax rate is 5.8%. What this means is that on average each person in

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