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
Zoning Laws Explained: What You Need to Know Before Buying Property
Before buying property, it is critical to determine whether local zoning laws may affect your plans. If you plan to redevelop the property, you will want to confirm that local zoning regulations permit development as intended. If acquiring property that is already developed, you must verify that the use is permitted in the underlying zoning […]
Author: Wendy Rubinstein Quiroga
Special Needs Trusts in New Jersey: Planning for Your Loved One’s Future
For parents of a child with a disability, estate planning raises concerns that go well beyond deciding who will inherit their assets. Parents may spend years making sure their child has the right care, services, and support. Eventually, they must also confront a difficult question: Who will take over when they can no longer do […]
Author: George McGowan
What Every Real Estate Investor Should Know Before Buying a Rental Property
Before buying a New Jersey rental property, an investor should verify realistic operating numbers, the property’s legal and regulatory status, lead-based paint and flood compliance, the existing leases and tenant protections, and the right ownership structure. A rental property is more than a piece of real estate; it is an operating business subject to legal, […]
Author: Donald M. Pepe
Can You Change an Irrevocable Trust in New Jersey?
In New Jersey, an irrevocable trust can sometimes be modified even though its name suggests otherwise, and one of the primary tools for doing so is a process called decanting. Whether decanting is available depends on the specific terms of the trust and the discretion given to the trustee. Key takeaways: New Jersey has no […]
Author: Marc J. Comer
How Intellectual Property Valuation Will Impact Business Transactions
Intellectual property valuation determines the monetary value of a business’s IP assets, and it drives outcomes in licensing deals, joint ventures, mergers and acquisitions, financing, and ownership disputes. The most valuable assets of a business are often the things that cannot be seen or touched: a proprietary process, a copyrighted work, brand recognition, or the […]
Author: Jay McDaniel
Data Center, Dark Fiber, and Lit Services Agreements in New Jersey: Key Terms and Legal Pitfalls
For New Jersey data center owners and operators, a service agreement may look routine when it is signed. The network is functioning, the vendor is meeting its installation schedule, and the parties have agreed on pricing and performance specifications. The provisions that seem most important at that stage are often the technical ones. That changes […]
Author: George McGowan
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.