It’s Time for College Athletes to Get Paid

This past weekend’s NFL Draft was the first opportunity for many athletes to finally monetize their talents and be compensated for the vast amount of revenue they have generated over the course of their careers. And make no mistake, they have been generating revenue. Although only 20 athletic departments claim to be turning a profit, this is more due to creative accounting than anything else, with many schools employing a liberal definition of what constitutes a “subsidy.” In reality, the NCAA is a billion-dollar-per-year industry, and is currently cashing in on a $10.8 billion television contract for its basketball tournament and a […]