Preview

The Money Making Ponzi Scheme

Better Essays
Open Document
Open Document
2074 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Money Making Ponzi Scheme
Matt Cella

Dr. Forsyth

College Comp

April 21, 2017

The Money-Making Ponzi Scheme

According to the NCAA website, the NCAA has over 444,000 college student athletes. There are scholarships for some athletes but not all student-athletes receive scholarships. I myself am a scholarship football player here at Kutztown University, which means I receive a partial athletic scholarship for my athletic achievements in high school. There are many athletes around the world who do not receive scholarships, and those who do are not getting paid what they should be for the talents. Universities make millions of dollars off of student athletes, so why do we not get to see the money we bring to the school.

The argument could be made that student athletes
…show more content…
On average, you’re spending 4-6 hours a day on your sport, whether is meetings, practice, or required study hall. You're competing in games that generate millions of dollars and you're working your hardest every day. Would you not want to be paid as well? I myself, as a football player, am constantly working my body to perform the best I can on Saturdays. I receive a small scholarship compared to other schools to play football but I know the school is making money off me. It’s a lonely feeling not having money to go out and do things, or even get groceries despite the work I …show more content…
To me it doesn’t make sense why that athlete can’t just receive some sort of payoff for that. He was to walk by the school store seeing people wearing his jersey to games, parties, and other events knowing that the work he put in is just going on other people’s backs with no sort of compensation. Now I know the flip argument is “well his compensation is the scholarship he’s receiving” and although that’s a great point, I still believe that the millions of dollars that jersey may bring in to the university could still be given to the athlete. We’re not even talking that much, just a little something for him to go out and get something to eat.
One of the other problems the NCAA has with they’re athletes is that they don’t pay for their parents to come to their games, to me that is a huge problem, and I’m sure with division 1 athletes it’s even worse. Why should parents of College athletes have to pay for tickets and plane flights to go see their kids play? A lot of these kids come from poverty and not much opportunity, leaving their support system (parents) not being able to watch their kid play. If you’re a parent wouldn’t you love to see your kid play any chance you could because that could be the last 4 years you have to see them

You May Also Find These Documents Helpful

  • Good Essays

    There have been major discussions recently if college athletes should or shouldn’t be paid while they are in school. Once you get a sport involved, there are politics, injuries, and a call to the office to tell the player, “thanks, but we don’t need you on this team anymore.” Many players will get a scholarship for a year or two, and then transfer to a different school which returns out to be a better situation. A $25,000 scholarship may seem like a lot of money, but it really only covers the basics, such as books, tuition, university fees, housing and a meal. The point of this is that a scholarship doesn’t equal cash in a player’s pocket.…

    • 759 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Many argue that these athletes are at school to get an education, but some come from families that could use the extra money for necessities. If these athletes were to get paid to play it could give them an incentive to not sell merchandise and to stay in school and get their degree. Also, Rob Gilmore who is an ESPN college football analyst states that at least 42 of the 119 division 1 football coaches earn more than $1 million per year, but the athletes are the ones out on the field. So if it wasn’t for the performance of the athletes, the coaches would not earn those…

    • 1746 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    People like Joe Narcea say that college athletes should be paid. Nocera states that “without that athletic ability, many of them wouldn’t have been admitted,”(Nocera 22). College athletes are multi-billion dollar businesses. The players are bringing in millions of dollars to the universities and they aren’t getting enough recognition. While other students can go get jobs and earn money, college…

    • 237 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Why should college athletes be paid to participate in their sports? College athletes are awarded tuition free college due to their hard work and athletic abilities, why should they get paid extra money outside of their tuition being paid? Student athletes in college only have two jobs while they are attending, to learn and become a better and smarter athlete. These student athletes don’t need extra money outside of having their tuition, room and board, and food paid for. They are also given clothing which takes away another money based need.These student athletes are given much more than other students and yet they still believe that they should be paid for their extra work outside of their performances. The main reason is because they are already paid through their scholarships to go to school and play sports. Other reasons to this opinion is to maintain their amatuer status, difficult…

    • 840 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Being an athlete in college means you contribute about 40 hours to your sport. They have a full time college schedule with studying, mandatory classes, and let’s not forget practice. According to an article, “If the average NCAA college football player in division one spends over 40 hours a week on their game, then they are working the same amount as those in full time employment do”(Listland 1). Since 40 hours are dedicated to the game, that takes up a lot of time in schedules. The athletes also have to take mandatory classes and have time to study. So this raises the question, why spend so much time doing a sport and not get paid? According to Enno, “These athletes are practicing on half of the day and going to…

    • 634 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In the article “7 Common Sense Reasons Why College Athletes Should Be Paid,” the author, Maurice Peebles conducts an interview with Jay Bilas to get his input on whether college athletes should be paid. He shares how the NCAA is a multi-billon dollar business that limits athletes in particular on earning money. Also, he gives examples of different perspectives that people can relate to in different industries of how this situation would apply to them. Furthermore, he explains that college athletes would benefit more from being paid and it would require them to get a better education by not allowing them to leave college early to go onto the professional stage. The school’s are benefitting much more than the players are because the players are the reason why all of this money is coming in, the schools are just being represented and then paid. The scholarships given do not equal to what some college athletes are worth, because some out there could easily…

    • 596 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Money gives food, money gives water, money gives life, but money is not given to collegiate football athletes. The National Collegiate Athletic Association, NCAA, made a billion dollars on the games during March Madness and even after the nets were cut and a champion was crowned not a single player was give any money. Collegiate football players, or any collegiate player for that matter, should be paid for each game based on how hard they work and how dedicated they are to their sport. The athletes are the basis and the main reason the NCAA makes their millions. In addition, it can give these athletes a financial education and better prepare them for their future. Money is the reason people thrive.…

    • 591 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Over 240,000 College Athletes are affected by the law that prevents college athletes from getting paid (NCAA). "Everyone is making money off them except them,"(Reshke).“The United States is a sports-obsessed nation, and National Collegiate Athletic Association (NCAA) football and basketball contests are some of the most widely viewed, highly rated, heavily bet on, and highly profitable sporting events in the country,” (Garcia). College athletes fail to get paid, they always put their health at risk when playing, and the sport takes up extra time used for jobs. This gets in the way, and the students can’t afford to buy food, rent, etc. College athletes should get paid, some sports make incredible amounts of money off of tickets, and online programs.…

    • 1189 Words
    • 5 Pages
    Better Essays
  • Good Essays

    feature story

    • 1267 Words
    • 6 Pages

    Imagine this: you are a star athlete at the University of Miami. You meet Nevin Shapiro, a wealthy businessman who is willing to help you out. As a struggling college student, let alone a college athlete, money is hard to come by. There is no time for work between all the training and practices they sustain. Top booster Nevin Shapiro has a lot to offer like cars, money, yacht trips, jewelry and many other gifts and doesn’t expect anything in return. Do you turn an offer like this down? You have no source of income and Nevin Shapiro will take care of everything to make sure your life is comfortable, what is there to worry about?…

    • 1267 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Ann tann

    • 1109 Words
    • 5 Pages

    At some colleges, college athletics are a key source of income, and they attract students to their institutions. Universities depend on their athletes to produce and maintain the popularity of their school's name. College athletes are suppose to be the best of the best on that level, so why do college athletes not get paid? The National Collegiate Athletic Association, NCAA, says that it is trying to protect the athletes from "exploitation by professional and commercial enterprises" (Brawn). Many argue that student athletes should not be paid because they are receiving an education through a scholarship. These people feel that the promise of their education being paid for is enough for the college athletes. On the opposite side of the issue, people argue that the college athlete generates enough income for the universities, and they feel that the university owes the athletes more than a scholarship. Student athletes should be given a small stipend for their services to the university.…

    • 1109 Words
    • 5 Pages
    Good Essays
  • Better Essays

    “An athlete cannot run with money in his pockets. He must run with hope in his heart and dreams in his head-Emil Zatopek.” This quote shows that if you're happy playing your favorite sport then money should be the last thing you should be worried about. The idea of paying college athletes has been thrown around for a couple years. Some student athletes feel that they bring in a great deal of money to their universities, but they do not see one penny of it. These students think they should be getting paid because they put a great deal of their time and effort into playing. Instead of paying students, universities and the NCAA make sure the students have everything they need in other ways. Student athletes should not be paid for their participation…

    • 1216 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Student Athlete Greed

    • 458 Words
    • 2 Pages

    Zirin points it out when he interviewed a former college athlete Dave Meggyesy. He said, “These are more than full-time jobs…It’s more cynical system now than when I played…”. The student’s athletes now a day practice all year round which is too much for a student athlete who doesn’t get paid. The college sport they play put them at so much stress and hard work to not get something out of it.…

    • 458 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Being a college athlete is a stressful and tiring job to maintain. Student athletes’ schedules are filled with sports and school work , with little to no time for anything else.They barely have any time to make money legally outside of school. Most college athletes do not have any money to spend on things such as late night snacks, movies or other inexpensive things and entertainment. Really the only student athletes that have additional money to spend are the ones whose parents are wealthy and could provide them with money to spend, however most kids are not that fortunate, which is why colleges should pay their student athletes. College athletes should be paid not only because…

    • 1135 Words
    • 5 Pages
    Good Essays
  • Good Essays

    College athletes should receive a moderate amount of stipend for their hard work. They put their time and effort with many practices and games, furthermore, paying for their extra traveling expenses. College athletes should have an allowance because they contribute and perform very hard as a team with hundreds of hours of practice and games, sustain their grades, while jerseys, merchandise, and appearances in video games does not implement any compensation towards them. However there is a society of people who disagree because becoming a college athlete can present you phenomenal and remarkable scholarships as well as opportunities and for those experiences why should they be compensated more?…

    • 476 Words
    • 2 Pages
    Good Essays
  • Better Essays

    College Athletes College athletes generate billions of dollars for colleges every year. Despite this fact, they do not receive any money. They only receive very little money from colleges via scholarships, or just enough to make a living in college. However, people argue that scholarships is not all the “money” athletes should receive during their college career. Considering the fact that athletes bring in billions of dollars a year for colleges, many people are starting to ask questions and form opinions on how the money should be divided.…

    • 844 Words
    • 4 Pages
    Better Essays