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Syracuse Athletics
Syracuse Men's Basketball Board
FBI arrests Assistant Basketball Coaches in Corruption Scheme
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[QUOTE="Waltdods, post: 2354608, member: 2932"] But it's not a very good deal. How do we know? Because if it weren't for the NCAA rules, they'd be getting a much better deal. Nobody really doubts this, right? Everyone agrees that if the NCAA didn't prohibit schools or boosters from paying players, players would get paid. Even with the prohibition, players still get paid. So they aren't getting a good deal; they are (almost by definition) being undercompensated. There are literally billions of dollars sloshing around college sports. No one says the athletic directors, or the coaches, or the t-shirt hawkers, or CBS, or Coca-Cola, or etc. should content themselves with the value of an education. It's only the players whose compensation is fixed. This is why the system is unfair - because there is a ton of money going into it, and it goes out to any number of people, all of who are allowed to freely dip their hands in, except for the players who are told you'll take your payment in kind and like it. They accept this deal because it is the only one offered them, because everyone else in the system colludes against them. Imagine the NCAA passed a rule that said head coaches cannot make more than $1 million. (That would be a ton of money! And a massive pay cut.) The fact that many coaches would still take the job doesn't prove that $1 million is fair compensation, it just proves that that's what the rule is. (I mean, it proves a little more than that, but the economics get tricky quick.) [/QUOTE]
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FBI arrests Assistant Basketball Coaches in Corruption Scheme
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