Rhode Irish
Semi-retired
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That would be an extreme remedy to address the 20 FBS schools with profitable football programs who aren't offering elite degree value. Student athletes at virtually every other school are already being "overpaid" (in terms of this ridiculous free market analogy).
I'm not really understanding the fixation on the 22 schools that have "profitable" programs. As a whole, FBS football generates significant revenue. That many programs spend money in such a way that they ultimately run their program at a loss isn't really my concern. If you designated certain revenue streams (TV, tickets and sponsorships, let's say) generated at the school, league and national FBS (i.e., bowl money) levels and taxed that at 1% and distributed that pool to the players, you'd be at least making some gesture acknowledging their role in the partnership between schools and athletes that allows for so much money to come in the door.
This is not an idea that I have spent more than 10 minutes thinking about or run models on, so arguing the specifics is less of a concern for me than the general idea. And the fact that the idea of sharing 1% of the revenues with the players that are at least in part responsible for those revenues is seen as being so radical is a pretty damning indictment of the system, in my view.
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