BleedGopher
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per the Wall Street Journal:
As a star basketball player at Xavier University in the early 2000s, David West never questioned the NCAA’s amateurism model. Then he got to the NBA and began reading more about the revenues generated by the NCAA tournament, which now exceed $1 billion annually.
“I started to understand,” West said, “the only difference between college sports and professional sports is the college kids aren’t getting paid.”
That is something West, now 38 years old and retired from the NBA, is working to change. He recently became chief operating officer of a nascent outfit called the Historical Basketball League, which is recruiting top high school players for a summer season that would begin in 2020.
The HBL promises player salaries ranging from $50,000 to $150,000 and a full college scholarship. The players would forgo NCAA basketball and instead join one of 12 inaugural teams—cities will be chosen from an initial pool of 20, depending on where the league can attract investors. They would be able to choose a nearby college or vocational school, provided they are offered admission on their own academic merits.
It is essentially an attempt to untether college basketball from colleges and, in doing so, disrupt the economic model for student-athletes. The HBL’s website cites the “staggering injustice” of college sports and states that “amateurism is a con.” That sentiment became more widespread last week following the injury of Duke star Zion Williamson after his Nike sneaker ripped and tore apart.
“We need to create something fair,” West said in an interview.
Whether the HBL can do that largely hinges on its ability to generate revenue, which will in part require finding a media partner to buy distribution rights to its games. Andy Schwarz, an HBL co-founder, said it has had early-stage talks with several streaming services. But to attract such a partner, he said the league needs to secure commitments from at least a few of the top 15 or so high school players in the country.
To attract those star players, the league needs to demonstrate that it has the funding to guarantee salaries for at least its inaugural season. Schwarz said the league needs $30 million to $40 million to ensure that it can launch in 2020.
“If we are making an offer to an athlete, there has to be a league ready to go,” Schwarz said.
An NCAA spokeswoman declined to comment.
https://www.wsj.com/articles/why-th...to-pay-college-basketball-players-11551120224
Go Gophers!!
As a star basketball player at Xavier University in the early 2000s, David West never questioned the NCAA’s amateurism model. Then he got to the NBA and began reading more about the revenues generated by the NCAA tournament, which now exceed $1 billion annually.
“I started to understand,” West said, “the only difference between college sports and professional sports is the college kids aren’t getting paid.”
That is something West, now 38 years old and retired from the NBA, is working to change. He recently became chief operating officer of a nascent outfit called the Historical Basketball League, which is recruiting top high school players for a summer season that would begin in 2020.
The HBL promises player salaries ranging from $50,000 to $150,000 and a full college scholarship. The players would forgo NCAA basketball and instead join one of 12 inaugural teams—cities will be chosen from an initial pool of 20, depending on where the league can attract investors. They would be able to choose a nearby college or vocational school, provided they are offered admission on their own academic merits.
It is essentially an attempt to untether college basketball from colleges and, in doing so, disrupt the economic model for student-athletes. The HBL’s website cites the “staggering injustice” of college sports and states that “amateurism is a con.” That sentiment became more widespread last week following the injury of Duke star Zion Williamson after his Nike sneaker ripped and tore apart.
“We need to create something fair,” West said in an interview.
Whether the HBL can do that largely hinges on its ability to generate revenue, which will in part require finding a media partner to buy distribution rights to its games. Andy Schwarz, an HBL co-founder, said it has had early-stage talks with several streaming services. But to attract such a partner, he said the league needs to secure commitments from at least a few of the top 15 or so high school players in the country.
To attract those star players, the league needs to demonstrate that it has the funding to guarantee salaries for at least its inaugural season. Schwarz said the league needs $30 million to $40 million to ensure that it can launch in 2020.
“If we are making an offer to an athlete, there has to be a league ready to go,” Schwarz said.
An NCAA spokeswoman declined to comment.
https://www.wsj.com/articles/why-th...to-pay-college-basketball-players-11551120224
Go Gophers!!