Episode Transcript
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It has been so long since most of us, for god or even knew
0:04
how and why the National Collegiate Athletic Association ever came to be the NCAA well
0:11
over a century ago, and college football was so dangerous players were dying on
0:15
the field, there was a public outcry to ban the sport. President Theodore
0:19
Roosevelt, a great sportsman himself, intervened called upon schools to form a club,
0:25
set rules ensuring safety first. It was under that premise that college athletes
0:31
survived and then grew and thrived. Protect the kids. But soon it wasn't
0:36
about safety on the field, as the popularity sword the game needed protection.
0:41
Amateurism must be preserved, after all, these are college kids first, and
0:45
then athletes. Right. College sports as we know it today was born pure
0:50
Americana. It was about competition, tribal loyalty, good exercise, promotion and
0:56
entertainment. All rolled into Saturday afternoons. We built on campus cathedrals housing the
1:02
games. Traditions were born, Rivalries grew. Even a depression and a World
1:07
war couldn't stop it. Then television elbowed its way onto the field, and
1:11
suddenly the coaches, the players, the schools became national celebrities, but the
1:15
rules never changed. The kids still had to be protected. School coffers jammed
1:21
with cash, a winning program motivated donors and politicians. Elite facilities rose overnight,
1:26
wooing the best student athletes, all to protect them. The question then
1:32
started out as a whisper, but got louder. Protecting them from what?
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The answer became uncomfortable. The game was protecting the athletes from themselves. The
1:44
NCAA had limited their ability to transfer, restricted any freedom to profit from their
1:49
celebrity. Anybody who tried was declared ineligible. The athletes never had to say,
1:53
and the rules supposedly protecting them. One week from today, they finally
2:00
will. They will be free. The NCAA of twenty twenty four, defending
2:05
itself and its own version of the reserve clause in multiple lawsuits, is on
2:09
the verge of a billion dollar settlement. On May twenty third, a proposal
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then a vote to reimburse former athletes nearly three billion dollars in lost earnings to
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be paid out over ten years, will take place, including a plan to
2:23
share billions with current and future athletes, But this is far from done.
2:30
Major issues remain, like how does the NCAA protect itself from future lawsuits.
2:34
The players would have to agree not to sue. What about future players?
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One of the ideas is to allow individual players of binding arbitration hearing if they
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don't like the terms. Who pays for that? What if two thousand athletes
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request hearings? Who negotiates this? A union? Who organizes, operates and
2:53
staffs the union? A college athlete's career is only four years? Problem?
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Each state has different labour laws. Nebraska is a right to work state.
3:01
Here you don't have to be in a union to enjoy union benefits. The
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Feds would have to amend national labor laws. Is this proposal contention on congressional
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action? How much would they get? The number in this settlement is twenty
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two percent of all Power Conference revenues, media rights, ticket sales, sponsorship
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money. Will that be above or below the expense lines such as tuition fees,
3:25
medical care, insurance, housing, equipment? Who gets the money?
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There is nothing in the Title nine law for gender equity that speaks to money.
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Does it only go to football and men's basketball players? And how long
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will women tolerate that? Will this be the end of the nil collectives?
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No? But It might actually give the ns DOAA some muscle to enforce rules
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they have essentially ignored over the last two years, like restricting name, image
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and likeness deals to just advertising and public endorsements funneled through approved agencies, theoretically
4:00
ending the pay to transfer, pay to visit practice going on now the end
4:04
of the five thousand dollars phone call to some booster's grandson. What about the
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non football schools like Creighton in the Big East. They might apply the same
4:14
twenty two percent revenue share. It'll just be a lot less. Right now,
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the top Big East schools are paying their guys seven to ten million a
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year in nil money. It means the schools will have to spend more money
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supporting their sports programs, freeing the boosters to provide anil compensation. But at
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least now the players can start looking out for themselves.
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