I wrote this piece about the business of student sports a while ago, as a reaction to Ed O’Bannon and other NCAA athletes, suing the NCAA for using their images for their own profit. The NCAA is a business where their main “talent” gets paid little, and the TV income keeps growing yearly. Too bad you can’t invest in it.
I must admit that I am a sports fanatic, I have been known to spend entire weekends watching various sports and sometimes any sports. As my kids got older, I helped out with sports as best I can and it has been a lot of fun, in the end. Over the years my taste for professional sports has dropped, and I have started watching more and more University Sports (in Canada the CIS and in the U.S. the NCAA).
Since I watched Joe Montana play in the Cotton Bowl in the 70’s the business of “Amateur” Student Sports has become an enormous business, and I tend to read many different articles on how much money is being made off the backs of the student-athletes.
Our friends at PBS on their Frontline show has put out a very interesting piece on the business of the NCAA, that if you are a fan of March Madness, the BCS bowl system or any other Student based athletic spectacle, you should watch.
What is very interesting is 24 hours after the Frontline piece was on the NCAA President reversed his ground and is now talking about compensating student-athletes more. It should be interesting to see if Ed O’Bannon’s lawsuit proceeds and succeeds.
Addendum: The case did go forward, and this is the ramifications.
Financial Videos Archive
- The Khan Academy and Wealth Destruction some excellent teaching videos about what can destroy your wealth.
- TVO Agenda with GVO Deconstructing Personal Debt some excellent discussion with our friend Gail Vax-Oxlade about money.
- Video: Jobs, Jobs, Jobs actually a video of Steve Jobs at the Stanford Graduation ceremony.
- After the Axe what happens when a manager gets laid off?
- Teaching Kids About Money is our friends at Sesame Street teaching kids about money
- Happy Anniversary Black Monday the Market Crash of 1987 not many might remember that day, but I do. Didn’t impact me directly, but was still quite worrisome.