|
Title: Texas to start paying all athletes $10K/year Post by: N.AL-Tider on October 23, 2014, 04:27:26 AM Quote Texas will soon begin paying each of its student-athletes $10,000 a year to cover cost of attendance and likeness rights, athletics director Steve Patterson revealed at a Big 12 college sports forum in Washington on Tuesday. http://footballscoop.com/news/texas-will-begin-paying-athletes-10000-year/ Title: Re: Texas to start paying all athletes $10K/year Post by: Catch Prothro on October 23, 2014, 07:34:59 AM Quote The total for all UT athletes adds up to $6 million a year. Payment for use of an athlete's likeness is probably a good idea. It staves off future lawsuits, and might cut off the Winston/Gurley type of autograph issues. Title: Re: Texas to start paying all athletes $10K/year Post by: McBaman on October 23, 2014, 08:57:11 AM Nice recruiting tool.
Title: Re: Texas to start paying all athletes $10K/year Post by: Marshal Dillon on October 23, 2014, 10:17:13 AM Nice recruiting tool. Yep, most schools will not be able to match that & I'm sure Texas knows that. (http://www.emoticons.gr/albums/uploads/Plain%20Yellow/Greedy.gif) Title: Re: Texas to start paying all athletes $10K/year Post by: ricky023 on October 23, 2014, 12:08:06 PM Hey Texas couldn't buy CNS but they can buy any athlete in the country. When the college player becomes about college money, watch the bidding wars take on. The under the table money will be quite large of course. JMHO. I feel I am going to see money do some awful things in college sports and TEXAS is the cause of it. OH yes, I am not a fan of paying kids to get a degree and having money to be bought to whatever college. RTR!
Title: Re: Texas to start paying all athletes $10K/year Post by: pmull on October 23, 2014, 01:06:59 PM That is about 600 athletes. I assume that is all male and female sports. That will be impossible for the UAB, Troy, South Alabama type schools. It will even be hard for SEC schools. In 2013 paying out $6M would put UT, UGA, UK, USCe, Miss St, Ole Miss and Mizzou in the RED.
FYI: Mizzou is losing money big time. Link to 2013 SEC Revenue vs expense: http://espn.go.com/blog/sec/post/_/id/64053/alabama-tops-sec-in-revenue Title: Re: Texas to start paying all athletes $10K/year Post by: Marshal Dillon on October 23, 2014, 03:36:07 PM The chart is somewhat deceptive. Your revenue amount is irrelevant, it's your profit level is what counts.
Profit (roughly): Alabama- 16 mil Florida- 15.5 m A&M- $37 m A misprint? LSU- $13 m Auburn- $9 m Tennessee- $1.5 m Arkansas- $17 m Georgia- $2.5 m Kentucky- $2.5 m USC- $2.7 m Miss. St.- $2.0 m Ole Miss- even Missouri- $16 mil loss This has to be a misprint or something else. How can they possibly be losing $16 mil and still function? Other high revenue schools & profit: Texas- $18.8 mil Wisconsin- 2.5 m Michigan- $12 m Ohio St.- $23 m The USA chart is somewhat confusing, but I assume the subsidy they have posted is money from the school itself to the athletic dept. Fascinating info pmull, thanks. #+ #+ #+ Title: Re: Texas to start paying all athletes $10K/year Post by: Bandit on October 23, 2014, 08:12:29 PM And we thought Coach Strong was letting players go for disciplinary reasons. He was just balancing the budget.
Title: Re: Texas to start paying all athletes $10K/year Post by: Marshal Dillon on October 23, 2014, 08:25:21 PM And we thought Coach Strong was letting players go for disciplinary reasons. He was just balancing the budget. :lol: :lol: :lol: Title: Re: Texas to start paying all athletes $10K/year Post by: Catch Prothro on October 23, 2014, 08:38:28 PM And we thought Coach Strong was letting players go for disciplinary reasons. He was just balancing the budget. :lol2: :worship: |