Valuetainment - January 14, 2019


Episode 246： Should College Athletes Get Paid？


Episode Stats


Length

6 minutes

Words per minute

186.71193

Word count

1,155

Sentence count

94

Harmful content

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Should college athletes get paid? Should the NCAA pay for college athletes to play college football, basketball, or softball? Is this a good idea or a bad idea? What are the best ways to pay college athletes?

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 30 seconds, one time for the underdog, ignition sequence start.
00:00:06.980 Let me see you put them up, reach the sky, turn the stars up above, cause it's one time
00:00:13.080 for the underdog, one time for the underdog.
00:00:17.600 I'm Patrick Bedevi, host of Valuetainment, and today we're going to talk a little bit
00:00:20.300 about sports, and that is, should these college athletes who work their tails off and make
00:00:25.580 billions of dollars for the NCAA actually get paid?
00:00:29.600 There's two different sides to the argument.
00:00:31.340 One side, they shouldn't, because the scholarship is already a way of them getting paid, right?
00:00:36.060 And so if we do pay them, they're going to be spoiled, they won't put as much effort
00:00:39.300 to play.
00:00:39.780 Then on the other side, it's a business.
00:00:41.360 If the NCAA is making money, they should as well.
00:00:45.020 I got four points to cover with you, then an idea at the end.
00:00:47.560 Point number one, the NCAA last year generated $11 billion in revenues.
00:00:53.160 According to Mark Edelman, $11 billion, only two sports made more money than the NCAA.
00:00:58.060 That's the Major League Baseball and the NFL.
00:01:01.480 NCAA made more money than NBA and NHL.
00:01:05.380 The president of NCAA made $1.7 million last year, which he should, because he generated
00:01:09.980 revenues.
00:01:11.280 Point number two is a law passed back in 1972.
00:01:15.600 It's called Title IX.
00:01:17.040 The purpose of Title IX is to not discriminate against different sports.
00:01:22.020 So if I'm playing college football or basketball or tennis or gymnastics or track, I should,
00:01:26.940 one, get more scholarship because football is more important than tennis.
00:01:30.540 And it's also a discrimination against men and women.
00:01:34.080 So the scholarship should be treated equally.
00:01:35.820 But here's the thing, that in 1972, when that law passed, a lot of things have changed
00:01:40.080 from 1972 till today.
00:01:41.560 A company came out in 1979 that completely revolutionized everything.
00:01:45.480 That company's name is ESPN.
00:01:47.380 It turned a college football coach making $65,000 a year into a celebrity now getting paid $5 million
00:01:55.180 here getting endorsements.
00:01:57.000 A whole different story.
00:01:58.360 It turned viewers into college football fans, college basketball fans.
00:02:03.460 It turned them into these fans of these sports.
00:02:06.000 And it became a very big business.
00:02:08.160 And on the other side is back in 1972 when Title IX came out.
00:02:11.180 When you think about NBA, Major League Baseball, NHL, NFL, you got to know that most professional
00:02:16.020 athletes back then had a full-time job on the side.
00:02:18.240 You don't hear athletes today that play professional sports that have part-time jobs on the side.
00:02:23.600 They did back then.
00:02:24.860 Point number two is the fact that Title IX maybe needs to be re-looked at.
00:02:28.700 Number three, there's a big contradiction between Title IX and point number three because
00:02:34.140 Title IX is about discrimination.
00:02:36.160 We shouldn't discriminate yet. 0.92
00:02:37.540 You know, point number three, when you think about academic scholarship and athletic scholarship
00:02:42.280 is totally there's a discrimination there.
00:02:44.680 Because I could have gotten an academic scholarship.
00:02:47.400 I got a 4.3 GPA.
00:02:49.080 I'm out of Toledo.
00:02:50.840 And Arizona State picks me up.
00:02:52.640 I'm a very attractive, beautiful model.
00:02:55.060 I go to Arizona State University.
00:02:56.980 Maxim contacts me and says, we want to do a photo shoot with you because you submitted your
00:03:01.660 pictures.
00:03:02.060 You're beautiful.
00:03:02.600 We want to pay you $40,000.
00:03:03.820 Great.
00:03:04.660 That person can get paid, yet an athletic scholarship, they can't.
00:03:09.740 But how does that make any sense?
00:03:11.640 So what's academic is more important than athletic?
00:03:14.360 So there's somewhat of a discrimination there.
00:03:16.280 So why should not a collegiate athlete get paid on an endorsement they're getting with
00:03:22.100 Nike, Reebok, Adidas, Under Armour?
00:03:24.120 Why should they not get paid?
00:03:25.140 Why can't an athlete that plays for a university go make $500 in a day doing autographs?
00:03:30.140 That doesn't make any sense.
00:03:31.360 They should as well because that's their brand to help generate some kind of revenue to them.
00:03:35.300 Point number four, if the NCAA doesn't figure out a way to pay them, they're going to pay
00:03:39.380 them anyways.
00:03:39.920 I've spoken to some people in the business that said this is not a big deal to college
00:03:43.780 coaches or universities because they find ways to get the athletes money.
00:03:47.100 And here's typically how it works.
00:03:49.500 They'll tell the kid to go do a security job or go do a waiting, you know, whatever it
00:03:54.000 is.
00:03:54.160 They'll do something on the side here and they'll send somebody to go work that valet and that
00:03:58.120 person driving by will give a $100,000 tip.
00:04:00.460 You know what you can do?
00:04:01.680 You can't discriminate against giving somebody a tip.
00:04:03.960 What's your law against it?
00:04:04.820 You can't really control it.
00:04:05.980 So the kid got a tip.
00:04:07.420 It is what it is.
00:04:08.200 So that kind of stuff happens.
00:04:10.080 We've heard it many times, long list of athletes that that's happened to.
00:04:14.020 So unless if they figure out a way to stop that, this law is going to constantly be broken
00:04:18.420 because these kids are going to find ways to get monies and other people are going to
00:04:22.180 find ways to pay them to stick around with that university.
00:04:25.000 So my idea at the end is this.
00:04:26.500 Here's my idea.
00:04:27.080 One, let's figure out a way where these athletic scholarships can get money on the side with
00:04:32.960 their endorsements or autograph signing and different kind of things that they do.
00:04:36.240 And on top of that is if you're at a university, you get a student that decides to come to your
00:04:40.320 school, maybe give them a bonus structure.
00:04:43.100 I'm an athlete decides to go to Texas A&M.
00:04:45.820 Tell me in three years after being with you, if I hit XYZ numbers, you're going to give me
00:04:49.760 $800,000 at the end or million eight because of the company made this much money and you're
00:04:54.820 going to give me a million eight on that or $300,000 or $100,000 or some kind of money
00:04:59.560 that maybe I'm not getting that money early on at 18, 19 years old when I'm playing for
00:05:03.840 the college team.
00:05:05.000 Maybe it's going to be a little bit longer.
00:05:06.460 So if I'm college basketball, I'm willing to stay four years and get my four-year degree
00:05:10.640 rather than going to NBA right off the bat.
00:05:13.160 But there are ways to still incentivize the players of wanting to stick around.
00:05:16.860 Thanks everybody for listening.
00:05:18.200 And by the way, if you haven't already subscribed to Valuetainment on iTunes, please do so.
00:05:22.560 Give us a five-star, write a review if you haven't already.
00:05:25.740 And if you have any questions for me that you may have, you can always find me on Snapchat,
00:05:29.780 Instagram, Facebook, or YouTube.
00:05:31.760 Just search my name, PatrickVidDavid.
00:05:33.660 And I actually do respond back when you snap me or send me a message on Instagram.
00:05:38.640 With that being said, have a great day today.
00:05:40.380 Take care, everybody.
00:05:41.100 Bye-bye.
00:05:41.360 Bye-bye.
00:05:46.980 Bye-bye.
00:05:48.860 Bye-bye.
00:05:48.980 Bye-bye.
00:05:50.500 Bye-bye.
00:05:53.560 Bye-bye.
00:06:00.520 Bye-bye.
00:06:00.640 Bye-bye.
00:06:01.160 Bye-bye.
00:06:01.740 Bye-bye.
00:06:05.980 Bye-bye.
00:06:09.160 Bye-bye.
00:06:10.180 Bye-bye.
00:06:10.420 Bye-bye.