UnknownOrange
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For the people who believe college athletes in revenue generating sports should be paid - here is my process.
I think there is a way for students to make $ of their image and likeness but I believe that paying student athletes with a percentage of revenue may make the most sense. Maybe it makes the worst sense. You tell me.
D1 Scholarships = 13
For programs who generate $10,000,000 or less the student-athletes will get a pool of 2.5% to divide up (AD, Coach, or maybe DOBO can split the divide) among all 13 scholarships. This means a max of $250,000 divided between those scholarships means $19,230/athlete.
For programs generating $10,000,001 to $19,999,999 athletes will get a pool of 2% to divide up for a max of (rounding up) $400,000 or $30,769/athlete
For programs generating $20,000,000 to $30,000,000 athletes will get a pool of 1.5% to divide up for a max of $450,000 or $34,615/athlete.
*EDIT - Obviously my quick math just made me realize for schools that make $22M for example, the student would be paid less then a school making $19.9M.
Basically what I'd want is for the athlete to make a % that his program generates. The more the program generates, the more the athlete can make.*
For programs making above $30M (Duke, L'ville) the dollar amount from $30M on will be 1% divided up between ALL scholarship athletes after the MBB team has been paid. So for Louisville that would be $15,000,000 or $150,000 for those athletes (I'm not sure how many they have without MBB or FB)
These payments will be started in the summer (July 1, start of new fiscal) and run to October 27th (17 weeks straight on every friday). For Freshman they can borrow up to $5,000 until July 1 following their freshman season.
For early departures: If a player leaves after his...
Freshman Year: Athletes pays program back 75% of the earnings made in that season
Sophomore Year: Athlete pays program back 50% of earnings made in his sophomore-only season
Junior Year: Athlete pays program back 25% of the earnings made in his junior-only season
Senior Year: N/A
Just an idea I am working on here. Football would also have similar rules but to make the $ amounts make sense.
Let me know what you guys think!
I think there is a way for students to make $ of their image and likeness but I believe that paying student athletes with a percentage of revenue may make the most sense. Maybe it makes the worst sense. You tell me.
D1 Scholarships = 13
For programs who generate $10,000,000 or less the student-athletes will get a pool of 2.5% to divide up (AD, Coach, or maybe DOBO can split the divide) among all 13 scholarships. This means a max of $250,000 divided between those scholarships means $19,230/athlete.
For programs generating $10,000,001 to $19,999,999 athletes will get a pool of 2% to divide up for a max of (rounding up) $400,000 or $30,769/athlete
For programs generating $20,000,000 to $30,000,000 athletes will get a pool of 1.5% to divide up for a max of $450,000 or $34,615/athlete.
*EDIT - Obviously my quick math just made me realize for schools that make $22M for example, the student would be paid less then a school making $19.9M.
Basically what I'd want is for the athlete to make a % that his program generates. The more the program generates, the more the athlete can make.*
For programs making above $30M (Duke, L'ville) the dollar amount from $30M on will be 1% divided up between ALL scholarship athletes after the MBB team has been paid. So for Louisville that would be $15,000,000 or $150,000 for those athletes (I'm not sure how many they have without MBB or FB)
These payments will be started in the summer (July 1, start of new fiscal) and run to October 27th (17 weeks straight on every friday). For Freshman they can borrow up to $5,000 until July 1 following their freshman season.
For early departures: If a player leaves after his...
Freshman Year: Athletes pays program back 75% of the earnings made in that season
Sophomore Year: Athlete pays program back 50% of earnings made in his sophomore-only season
Junior Year: Athlete pays program back 25% of the earnings made in his junior-only season
Senior Year: N/A
Just an idea I am working on here. Football would also have similar rules but to make the $ amounts make sense.
Let me know what you guys think!
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