Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
College Athletes Could Have a Case for Being Compensated
Author: Scarinci Hollenbeck, LLC
Date: February 10, 2014
Key Contacts
Back
One of the biggest topics of conversation in college athletics in recent years pertains to player compensation.
Should college athletes that help bring in millions of dollars to their universities be paid for play? If so, how much?
There has yet to be much movement on this issue, as the NCAA hasn’t shown any signs that it is willing to change the rule. However, that could change in the near future, as a group of athletes at Northwestern University recently began the process of unionization, according to ESPN Outside the Lines. A petition was filed with the National Labor Relations Board and was backed by the United Steelworkers Union.
The main reason college athletes argue that they should be compensated for their play is because major sports bring in millions of dollars, while players put their health on the line before they are able to turn professional. According to USA Today, the University of Texas athletic program brought in a total revenue of more than $160 million in 2012.
Draft Eligibility
This may not be a significant issue if NCAA rules didn’t prevent athletes from turning professional whenever they please. It is different for every sport, but most restrict draft eligibility.
For example, football players must be three years removed from high school before becoming eligible for the draft. Meanwhile, basketball players have to spend a year after high school playing in college or overseas before being able to play in the NBA. Baseball players can be drafted out of high school, but if they forgo that decision, they have to stay in school through their junior year.
By restricting draft eligibility, players are at risk of injury that could put future earnings in jeopardy, which is one of the biggest reasons why many people support compensating college athletes with more than an academic scholarship.
- Industries: Entertainment & Media
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Breach of Contract Explained: Types and Consequences
Breach of contract disputes are the most common type of business litigation. Therefore, nearly all New York and New Jersey businesses will likely have to deal with a contract dispute at least once. Understanding when to file a breach of contract lawsuit and how long you have to sue for breach of contract is essential […]
Author: Brittany P. Tarabour
How to Dissolve a Corporation in New Jersey: A Step-by-Step Guide
Closing your business can be a difficult and challenging task. For corporations, the process includes formal approval of the dissolution, winding up operations, resolving tax liabilities, and filing all required paperwork. Whether you need to understand how to dissolve a corporation in New York or New Jersey, it’s imperative to take all of the proper […]
Author: Christopher D. Warren
Gross Lease vs. Net Lease: Understanding the Key Differences
Commercial leases can take a variety of forms, which is often confusing for both landlords and tenants. Understanding the different types, especially the gross lease structure, is important when selecting the lease that best suits your needs. One key distinction between lease types is how rent is calculated and paid. This article addresses the two […]
Author: Robert L. Baker, Jr.
What to Do If You Are Impacted by a Retailer Bankruptcy Part 2
Over the past year, brick-and-mortar stores have closed their doors at a record pace. Fluctuating consumer preferences, the rise of online shopping platforms, and ongoing economic uncertainty continue to put pressure on the retail industry. When a retailer seeks bankruptcy protection, a myriad of other businesses are often impacted. Whether you are a supplier, customer, […]
Author: Brian D. Spector
The Current Administration's Proposals for the Financial Services and Banking Industries Will Affect Your Business
Since his inauguration two months ago, Donald Trump’s administration and the Congress it controls have indicated important upcoming policy changes. These changes will impact financial services policies and priorities. The changes will particularly affect cryptocurrency, as well as banking rules and regulations. Key Regulatory Changes in Cryptocurrency For example, in the burgeoning cryptocurrency business environment, […]
Author: Dan Brecher
Tips for Commercial Landlords Impacted by Wave of Retailer Bankruptcies Part 1
The retail sector has experienced a wave of bankruptcy filings over the last year. Brick-and-mortar businesses in financial distress include big-name brands like Big Lots, Party City, The Container Store, and Vitamin Shoppe. When large retailers seek bankruptcy protection, they are not the only businesses impacted. Landlords can be particularly hard hit. While commercial landlords […]
Author: Brian D. Spector
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.