I’d argue that an even stronger case can be made for the legislature to look into why Ohio’s public universities not named Ohio State are siphoning off well over a hundred million dollars a year from students and academics to run money losing athletic departments. As a fan of Miami athletics, I really don’t want the legislature looking into college sports too much.
It comes down to how the institution views athletics as a part of the university mission. There are MANY questionable expenses/programs students fund that the univ views as mission critical. Enrollment, student life, student recruitment, diversity, alumni engagement, etc. are all part of the value athletics brings. Miami played on Nat TV last wk in front of 1.7M ppl and many more throughout the yr. There’s a value to that 3.5 hrs of advertising I don’t think the university could / would spend.
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University scopes have expanded dramatically over the past few decades, and it’s not just sports. You see it in the college rankings that continue to drop Miami further and further while at the same time acknowledging that Miami remains one of the best places in the country to get an undergrad education.
I once heard a joke that the modern American university is a hedge fund connected to a trade school connected to a political madrasa connected to a minor league sports team connected to an immigration law firm connected to a patent farm.
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To be clear, I think athletes at Miami are fairly compensated with scholarships, it’s just that logic breaks down at schools bringing an order of magnitude more money.
I have minor qualms with calculating value to athletes based on the sticker price of tuition, but it doesn’t make a big difference either way.
Why aren’t NFL players paid a reasonable salary of, say, $80k for their full time job? Because they generate more value than that. No different for college athletes.
This is essentially saying that poor athletes should feel content to have the scholarship and not ask for more. I do think athletic scholarships can be a great factor towards encouraging people who couldn’t otherwise afford or be interested in college towards getting a degree, but I don’t see that as justification to not pay them fairly.
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Can add on young adult spa/gym, party planner, real estate conglomerate, and a few other functions to that list for many institutions. I had a great time in undergrad don’t get me wrong, but the excess present in most major universities (including Miami) is absurd.
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This will be a nightmare of transfers and bidding wars for NIL money. Prepare for the job interview and resumes with 3 to 5 schools listed - all for undergrad.
Most of these kids are not going to the NFL so this is crazy and it makes it more likely they will have a harder time graduating since they have to transfer credits and possibly change majors, etc. depending on the school to which they transfer.
One transfer fine, but unlimited and potentially without a penalty is insane.
I am wondering if the college athletes prevail against the NCAA here whether an athlete such as Kopp who had to sit out a year will be given his year of eligibility back? Interesting that Ohio was one the states who challenged the NCAA on this.
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If he’s as good as they say he is, chances are he won’t last 4 years at Miami.
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If who is as good as they say he is, Kopp? He’s on his third school now. He literally won’t be here four years on that fact alone.
Sorry wrong thread. Meant that post to be in the recruiting 2024 thread.
Aha! That makes better sense
The OSU’s of the sports world ARE Subsidized by State and Federal money.!
Are the Bengals?
Is this satire that I’m missing?
The OSUs of the world are fully funded by revenue the AD brings in, without student fees or support from the rest of the university.
Meanwhile, the Bengals got a commitment for $39 million from Hamilton County yesterday: Paycor Stadium to get $39M in upgrades from Hamilton County in sales tax revenue | WVXU
I agree that state schools receive state funding, although is it as much as people think?
Schools receive federal funding in the form a strident aid (Pell/loans), allowing schools to either charge sticker price to the recipients or stick the full price to non recipients.
Schools like Miami have to be unique with “tuition discounting”, as the UVa dean of admissions puts it, because our enrollment/yield rate is so low.
Grant funding is a different story….that shit comes in for all over and I wonder if it’s helping or harming
We have a current faculty member here, so maybe they can share their perspective
Pretty sure I’d heard that there was public funding into the Bengals stadium….i had a client who was vehemently opposed to it until I reminded her that municipalities do various things to stimulate their local economies- tax abatements, etc
And how the hell could a 23 year old stadium require repairs to the tune of 2/3 its construction costs. How is that possible?
HawkLBacker—inflation, shoddy workrmanship, new ADA accommodations, upgrades in technology… and graft are probably all contributors…but I basically scratch my head over the large increase.
Yeah. The original cost in 2000 was just slightly less than the estimated $490m in today’s dollars. The 2022 equivalent dollars for the original construction is about $725M
Its mind blowing
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The 490 million estimated by an architects report for Paycor was over 20 years and did include some pretty significant renovations. A big miss when the stadium was built was fan experience, most of the renovations seem to be going towards that goal.
Total spend would still be less than half of what current stadiums are being built at.
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Thanks for posting. I’ve been to Lambeau (albeit 15 years ago) and I wonder if their fan experience is up to snuff
I’d love to see the expected revenue generation schedules on this one