It changes everything about what college sports really is and , and why we have created college sports . 120 some years ago , the college sports industry got away with this for so long because they convinced people that these were student athletes and the scholarship was their form of payment , that scholarship is worth peanuts compared to the money that the coaches and these assistant coaches and the athletic directors are getting according to ESPN and the US census head coaches are among the highest paid public employees in almost every state in the country . Top football coaches like Nick Saban in Alabama make upwards of $10 million a year .
So where are we today with federal regulation ? I asked the ft's Sarah Germano for the latest , what I've heard from sources on the hill is that there are quibbles over what federal legislation might look like for college athlete compensation . You have Democrats on the far left saying NL isn't enough , we need to do more than that .
A number that has more than tripled over the last 20 years and rivals professional sports around the world . But despite all the marketing and TV deals , ticket sales and merchandise sales , college athletes still aren't paid a share of the revenue . This has been a source of much controversy over the years .
But I feel like you would have to equal out to where everyone's happy with the fees and it's not one being paid more than the other . I think we should look at the big time college sports in particular , football and basketball , just like we look at pro sports , there should be revenue sharing , a portion of money should be kept by the owners who in this case or the colleges . And then a portion of the money should be guaranteed to go to the students .
The newly established NCWS mission was to regulate the rules , protect young athletes and establish amateurism as a foundation for all of college sports . But it wasn't until a quarter of a century later in 1936 the athletes were allowed to receive academic scholarships to help offset the cost of attendance . Athletic ability should receive consideration in determining student values and an assignment of scholarships , law and opportunities for remunerating work .
