The Daily The Wild World of Money in College Football
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Jan 8, 2024 David A. Fahrenthold, an investigative reporter for The New York Times, delves into the shady financial underbelly of college football. He discusses how wealthy donors are reshaping the sport, making it more similar to professional leagues. The conversation covers the transformative impact of Name, Image, and Likeness (NIL) deals on player lives and recruitment, while exposing financial inequalities and the risks of unregulated athletic collectives. Fahrenthold also addresses the evolving challenges of maintaining amateurism in college athletics amidst this shifting landscape.
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A Charity for Linemen?
- David Fahrenthold, a UT fan, noticed a charity paying UT offensive linemen $50,000.
- This sparked his investigation into the shadowy world of college sports finances.
Amateurism Under Threat
- College sports were traditionally amateur, with strict rules against paying players enforced by the NCAA.
- SMU's "death penalty" for player payments exemplifies the NCAA's past power.
Collectives and the NIL Loophole
- Collectives exploit NIL rules by paying athletes for nominal charity work, effectively recruiting them.
- This system functions as a wink-and-nod arrangement, contradicting NCAA regulations.