I guess the red
gushing blood and the exposed white bone constituted the assumption that Kevin
Ware does indeed bleed Louisville colors. Isn’t that the creed most of us pledge to our
given universities? At what cost would
you actually be willing jeopardize your body to test the theory? Kevin Ware’s injury yet again raises the
question on whether student athletes should be paid.
As for now,
athletes receive full or half tuition, board, required course related books,
and a monthly stipend.
To students at
premiere universities such as the University of Southern California, just one
of those listed options would be well received and appreciated. However, in a
study by researchers at Ithaca College and a national athletes’ advocacy group,
athletes on full scholarship at Division I universities still end up paying
approximately $3,000 every year.
At USC in
particular, $3,000 is incomparable to the rough $50,000 of debt most students
accrue.
The idea that even
those on a “full ride” have to take out loans in order to avoid placing
additional burdens on their family is absurd. In the 2011-12 year the FBS full athletic
scholarship failed to meet the entirety of attending school by a $3,285
average. This left a large portion of players on a “full” athletic scholarship
living below the federal poverty line.
The National College Players
Association (NCPA) and the Drexel University Sport Management Department
produced a study called, “The $6 Billion Heist: Robbing College Athletes Under
the Guise of Amateurism” where they determined what college football and
basketball players would make in a fair market using public information on the
value of their scholarships and the revenue generated by each athlete.
The study found that each
player on the top ten revenue-generating teams would miss out on their hard
earned $3.5 million over the course of a 4-year stay at a university.
Kevin Ware
specifically is worth $1.6 million annually in a fair market.
Paying fair market
value for players may in fact cause unforeseen problems as a result. Especially
giving kids that large amount of money at such a young age. Yet, with this
argument I see little difference between the ages 19 and 22. In fact,
universities understand the type of money that some of their athletes will
receive once drafted to the NBA and NFL, but do little for the players’
financial literacy and professional development.
Somewhere along
the road to national championships, the term “Student-Athlete” gets convoluted.
Most players are
encouraged to pursue majors that impose the least on their commitments to their
sport. Disciplines such as business are replaced by communications, or
sociology. Each of the two is valuable in its own right, however neither
provide the information essential to wealth management.
The 30 for 30
Documentary, “Going for Broke” showed that on average, NFL players go bankrupt
3 years after their retirement from the league. These bankruptcies are
typically the result of extravagant purchases and assisting family members who
conveniently turn into leeches.
There are very few
athletes that have not only raised their jerseys beyond the rafters, but they
themselves have risen beyond the courts or playing fields as entrepreneurs.
Magic Johnson is the most notable with his most recent business ventures.
This information
has been widely discussed for years and has been raised in the same breath as
the adequate financial payments for student athletes question, yet nothing has
been done on a national scale by the universities that have all the resources
necessary to make a substantial change. It’s almost as if they do not care.
The NCAA and
universities are not responsible for hospital bills of their injured players.
Why? Well, because they argued in court that the players are
“student-athletes,” and not “employees” therefore freeing them of liability.
If Kevin Ware
happened to be a senior, his dream of making it to the NBA by being showcased
through a college medium would have taken just as severe of a break as his leg.
On top of the searing pain Ware would have normally been left with a hefty
hospital bill that would add that nice salty burn.
The NCAA has an
insurance policy of up to $90,000 for student-athletes, but only during championship situations
and with the stipulation that the players must be completely disabled, which
Kevin Ware was not. Luckily for Ware’s wallet Louisville paid for his medical
expenses. But to call Louisville’s move to pay for the medical bill is hardly
honorable, it should be protocol.
Why wouldn’t
universities want to take care of the individuals who equally contribute to
admission rates, alumni financial support, and billions of dollars of generated
revenue?
When will we stop vilifying
athletes for choosing to enjoy the fruits of their labor by accepting finances
under the table and begin by reconstructing the academic curriculum for student
athletes and creating a policies that take care of the players who clearly do
anything necessary to win. Even if that means showing the audience what it
means to bleed their university’s colors.