Accidentally posted this on the football board:
I like a combo of the baseball rule along with a tweak of what Jay Bilas has proposed.
1. Kids can go pro directly out of HS or stay in college 3 years.
2. Players can profit from their likeness. Sell jerseys, autographs, commercials, etc. Take loans from agents too. Caveat that all income is reported and taxable. Additionally, 10% of their revenue is donated to a trust that is redistributited to all 351 schools for non-revenue sports. Kind of like the baseball luxury tax. Lastly, if The player elects to accept money and earns significantly more than their scholarship is worth, the money goes back to the AD to be distributed among other non-revenue sports.
I like a combo of the baseball rule along with a tweak of what Jay Bilas has proposed.
1. Kids can go pro directly out of HS or stay in college 3 years.
2. Players can profit from their likeness. Sell jerseys, autographs, commercials, etc. Take loans from agents too. Caveat that all income is reported and taxable. Additionally, 10% of their revenue is donated to a trust that is redistributited to all 351 schools for non-revenue sports. Kind of like the baseball luxury tax. Lastly, if The player elects to accept money and earns significantly more than their scholarship is worth, the money goes back to the AD to be distributed among other non-revenue sports.