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Well....the California state schools are potentially about to get a huge advantage

1,316 Views | 7 Replies | Last: 1 yr ago by jumpinjoe
PartyBear
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There is a bill in Sacramento that would split athletic department revenues 50/50 between the universities and student athletes each athlete gets no more than 25K a year from the fund and then gets his or her balance of the share in the fund upon graduation if completed within 6 years. Sounds like an accounting nightmare actually. I'm not sure how this is applicable to Stanford, USC and other private schools with athletic departments.
ScottS
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Wait...revenues don't = profits. Any looking at the expense side of the equation in this?
Russell Gym
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50 of revenues? Sounds like a good way to bankrupt an athletics department.
Adriacus Peratuun
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The sooner that the California types do something REALLY stupid on the $ issue, the sooner that a workable consensus can be reached across political party lines in Congress to implement a nationwide sensible alternative [overriding state policies].
Harrison Bergeron
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Please pass. This will be hysterical. I assume this was passed by a liberal nut job, who 99% of the time do not understand finance or economics.
parch
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It's an extremely weird system, but it does seem to get schools out of paying players who end up going pro before graduating. A one-and-done basketball player or football player who leaves as soon as he can is getting all his money from NIL donors and none from this.
historian
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Governments in California have been creatively bankrupting all kinds of entities for decades. They love spending other people's' money but hate any form of accountability. That describes politicians everywhere but in California they have turned into an art!
jumpinjoe
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historian said:

Governments in California have been creatively bankrupting all kinds of entities for decades. They love spending other people's' money but hate any form of accountability. That describes politicians everywhere but in California they have turned into an art!


TRUTH !!!!! No surprise here.
Joined BaylorFans in 1999 under username jumpinjoe. Have always been Jumpinjoe. Proud 4 Year Baylor letterman and 1968 graduate and charter member of Quartermiler U, produced school record in 400 IH.
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