I’ve been saying it for years. Now, Time writer Sean Gregory is saying it to millions. I guess the magazine still has a circulation of millions. It’s just not fair to pay coaches millions and the players, who take the physical risks, nothing.
Alabama’s Sabin gets $5.3 million a year. Just about any Alabama fan will quickly tell you he is worth it. That championship team pulled in almost $82 million last year. Some of that money goes to support sports programs that make nothing. O.K., let’s say he is worth it. However, those fans didn’t go to see him play. They went to see college kids play. He didn’t take any physical risks out on that football field. But, he made a lot of money, and they made nothing in salary. College athletes at the big schools are getting scholarships, which some college presidents say could come to $100 thousand in four years. That’s $25 thousand a year. Gregory says, according to the revenue they generate, the players should be getting at least $225,047 a year. And, the stars should get more than that. He’s right.
There are some really prestigious universities that don’t have athletic scholarships. You know, Ivy League schools like Harvard, Princeton, and Yale. But, then, football is not their thing, even though college football started at Yale. They still have teams, but football doesn’t pull in millions there, and coaches salaries are quite modest. They don’t need football money. Harvard, for instance, has a $30 billion endowment. Very valuable degrees are what they provide.